Boeing Co Earnings Results Beat Estimates, Boosting Its Stock

Boeing Co Earnings Results Beat Estimates, Boosting Its Stock

Boeing Co Earnings Results Beat Estimates, Boosting Its Stock

This allowed the company to exceed investors' earnings expectations throughout the year - including in the fourth quarter. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer's stock worth $972,919,000 after purchasing an additional 4,852,679 shares during the last quarter. Finally, Clear Perspective Advisors LLC grew its holdings in shares of Boeing by 31.0% during the second quarter. The Tower Research Capital Llc Trc holds 5,779 shares with $1.47M value, down from 11,971 last quarter. Investors measure stock performance on the basis of a company's earnings power.

Even after giving back some of the morning's gain, the shares were still up $17.84, or 5.3 percent, to $355.55 in afternoon trading. About 9.17 million shares traded or 135.34% up from the average.

The shares hit a new 52-week high. The tax reform bill had a favorable impact of $1.74 per share, the company added. The company has a 50 day moving average price of $216.13 and a 200 day moving average price of $188.54.

Kwmg LLC's holdings in Boeing were worth $1,580,000 at the end of the most recent reporting period.

In terms of earnings per share, 11 analysts have a 2.76 EPS mean target for the quarter ending Mar-18, for the quarter ending Jun-18, 11 analysts have a 2.94 EPS mean target and for the quarter ending Jun-18 there are 23 estimates of 11.91 EPS. The firm had revenue of $22.74 billion for the quarter, compared to the consensus estimate of $22.97 billion. Shares buyback plans are usually a sign that the company's management believes its shares are undervalued. As per Monday, January 8, the company rating was maintained by Canaccord Genuity. During the same quarter in the previous year, the company earned ($0.44) EPS.

Boeing expects 2018 adjusted earnings between $13.80 and $14 per share and revenue of $96 billion to $98 billion.

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The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Sky Invest Grp Ltd holds 0.19% or 1,812 shares. The ex-dividend date is Thursday, February 8th. This represents a $6.84 annualized dividend and a dividend yield of 2.03%. Current price levels see the company 8.91% off the 20-day simple moving average.

"The market doesn't understand what that business is yet", Carter Copeland, analyst with Melius Research, said in an interview prior to the earnings report. Zacks Investment Research raised Boeing from a "hold" rating to a "buy" rating and set a $330.00 price target for the company in a research report on Tuesday, January 2nd.

IBD'S TAKE: Buying or holding a stock can be risky heading into an earnings report. Buckingham Research restated a hold rating and set a $203.00 price target on shares of Boeing in a report on Friday, December 22nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and sixteen have issued a buy rating to the company. The stock decreased 0.43% or $1.48 during the last trading session, reaching $339.34. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". It also increased its holding in Universal Hlth Svcs Inc (NYSE:UHS) by 6,016 shares in the quarter, for a total of 30,467 shares, and has risen its stake in Spdr Gold Trust (GLD). Verbeck Robert E had sold 2,522 shares worth $616,499. Bank of America upgraded the shares of BA in report on Wednesday, July 19 to "Hold" rating. The disclosure for this sale can be found here.

Meanwhile, core earnings per share almost doubled, reaching $4.80. Shine Inv Advisory Svcs Incorporated holds 0.12% or 926 shares in its portfolio. Exane Derivatives stated it has 0.01% in The Boeing Company (NYSE:BA).

"Across Boeing our teams delivered a record year of financial and operational performance as they focused on disciplined execution of production and development programs, growing services, and delivering value to customers", said Boeing Chairman, President and Chief Executive Officer Dennis Muilenburg.

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