Research Analysts Issue Forecasts for The Boeing Company’s Q3 2024 Earnings (NYSE:BA)

The Boeing Company (NYSE:BAFree Report) – Investment analysts at Seaport Res Ptn decreased their Q3 2024 earnings per share estimates for shares of Boeing in a report released on Thursday, February 8th. Seaport Res Ptn analyst R. Safran now forecasts that the aircraft producer will post earnings of $1.03 per share for the quarter, down from their previous estimate of $1.13. The consensus estimate for Boeing’s current full-year earnings is $2.76 per share. Seaport Res Ptn also issued estimates for Boeing’s Q4 2024 earnings at $1.31 EPS.

Boeing (NYSE:BAGet Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, beating the consensus estimate of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to analyst estimates of $21.14 billion. The company’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the company earned ($1.75) EPS.

Several other equities research analysts have also weighed in on BA. Barclays upped their price objective on Boeing from $210.00 to $235.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 6th. Deutsche Bank Aktiengesellschaft upgraded Boeing from a “hold” rating to a “buy” rating and upped their price objective for the company from $204.00 to $270.00 in a research note on Monday, November 20th. Bank of America lowered Boeing from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $255.00 to $225.00 in a research note on Thursday, January 25th. Edward Jones lowered Boeing from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Finally, UBS Group increased their price target on Boeing from $275.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, December 15th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and a consensus price target of $252.63.

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Boeing Stock Up 0.1 %

Boeing stock opened at $209.36 on Monday. The business has a 50 day moving average price of $231.87 and a two-hundred day moving average price of $217.18. The stock has a market cap of $127.74 billion, a price-to-earnings ratio of -56.89, a price-to-earnings-growth ratio of 18.97 and a beta of 1.56. Boeing has a 12 month low of $176.25 and a 12 month high of $267.54.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CNB Bank lifted its holdings in shares of Boeing by 106.5% in the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after purchasing an additional 66 shares in the last quarter. Coston McIsaac & Partners lifted its holdings in shares of Boeing by 62.5% in the second quarter. Coston McIsaac & Partners now owns 130 shares of the aircraft producer’s stock valued at $27,000 after purchasing an additional 50 shares in the last quarter. IFS Advisors LLC lifted its holdings in shares of Boeing by 523.8% in the second quarter. IFS Advisors LLC now owns 131 shares of the aircraft producer’s stock valued at $28,000 after purchasing an additional 110 shares in the last quarter. Evolution Advisers Inc. bought a new stake in shares of Boeing in the fourth quarter valued at about $28,000. Finally, DiNuzzo Private Wealth Inc. bought a new stake in shares of Boeing in the fourth quarter valued at about $28,000. 61.33% of the stock is currently owned by institutional investors.

Boeing Company Profile

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The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

Further Reading

Earnings History and Estimates for Boeing (NYSE:BA)

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