Saturday, 20 October, 2018

Boeing Reports 57% Increase in Q1 Earnings, Beats EPS Forecast

The Boeing logo on the first Boeing 737 MAX 9 airplane The Boeing logo on the first Boeing 737 MAX 9 airplane
Andy Castillo | 29 April, 2018, 01:02

That's change of 0.02, from 2017Q3's 0.81. The stock grabbed 234 new institutional investments totaling 3,681,721 shares while 81 institutional investors sold out their entire positions totaling 2,562,111 shares. The fund owned 7,657 shares of the aircraft producer's stock after purchasing an additional 238 shares during the quarter. According to a report in Leeham News, Boeing has asked its suppliers to prepare for a second rate increase, to 3.5 per month in mid-2020, and a third, to 4 per month, in January 2021. It is negative, as 65 investors sold BA shares while 614 reduced holdings.

Investors sentiment decreased to 0.79 in Q4 2017. Koch Industries Inc. lifted its stake in shares of Boeing by 61,128.7% during the 2nd quarter. Jennison Associates LLC grew its stake in shares of Boeing by 20.3% during the 3rd quarter.

The Boeing Company, together with its subsidiaries, designs, develops, makes, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide.The company has $197.69 billion market cap. It operates in five divisions: Commercial Airplanes, Boeing Military Aircraft, Network & Space Systems, Global Services & Support, and Boeing Capital.25.07 is the P/E ratio.

The number that matters most to Boeing - and to its shareholders - is operating cash flow, and first-quarter cash flow totaled $3.14 billion, up 49% compared to the prior year's quarter. 2,900,450 shares of the company's stock traded hands, compared to its average volume of 5,868,141. BA outperformed by 70.80% the S&P 500.

The company also increased its 2018 core earnings per share forecast to $14.30-14.50 from its previous projection of $13.80-$14.00.

Senate panel approves bill to protect special counsel
The bill would ensure that the special counsel's staff and investigative materials would be preserved in the interim. Special counsel Robert Mueller departs after a June 21, 2017, meeting on Capitol Hill in Washington.

Shares of NYSE BA traded up $2.69 during midday trading on Wednesday, reaching $331.75. United Fire Group Inc has 75,000 shares or 7.22% in (NYSE:BA).

Since January 1, 0001, it had 0 insider buys, and 1 insider sale for $12.17 million activity.

Full year earnings per share guidance is increased by $0.50 to between $16.40 and $16.60, and core earnings per share guidance is increased to between $14.30 and $14.50 on performance. 78% are bullish. With $470.0 highest and $203.0 lowest PT Boeing has $386 average PT or 14.66% above the current ($336.65) price. Boeing had 35 analyst reports since October 26, 2017 according to SRatingsIntel. The firm has "Equal-Weight" rating given on Friday, February 23 by Morgan Stanley. On Friday, December 1 the company was maintained by Cowen & Co. Robert W. Baird initiated The Boeing Company (NYSE:BA) on Thursday, October 6 with "Outperform" rating. Wells Fargo reissued a "market perform" rating and set a $365.00 target price (up from $330.00) on shares of Boeing in a research note on Thursday, February 1st. Jefferies maintained it with "Buy" rating and $400.0 target in Sunday, February 4 report. On Wednesday, January 17 Seaport Global maintained the shares of BA in report with "Buy" rating.

Fears that diplomatic tensions between the United States, China and Iran would weigh on Boeing's fortunes failed to dent its first-quarter results yesterday as they stormed past Wall Street's expectations. The stock rating was maintained by Canaccord Genuity with "Hold" on Monday, January 8.

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