How Boeing Crushed Earnings Estimates, Lifted Guidance

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They now have $368.72 price objective on the aircraft producer's stock.

Several brokerages have issued reports on BA. In Sunday, February 4 report Jefferies maintained the stock with "Buy" rating.

Added to already-planned rate increases for the 787 Dreamliner in Everett, Wash., next year and for the 737 in Renton this year, the three rate hikes should maintain Seattle-area assembly line jobs at Boeing, offsetting downturns in the 777 and the forthcoming 777X. On Wednesday, January 31 the rating was maintained by RBC Capital Markets with "Hold". Wells Fargo restated a "market perform" rating and set a $365.00 target price (up from $330.00) on shares of Boeing in a research report on Thursday, February 1st. In Thursday, April 19 report Canaccord Genuity maintained it with "Buy" rating and $34500 target. They noted that the move was a valuation call. The company has an average rating of "Buy" and an average target price of $367.27.

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The Boeing Company registered $12.17 million net activity with 0 buys and 1 sale since February 12, 2018. The firm has a market cap of $193,648.61, a price-to-earnings ratio of 27.24, a P/E/G ratio of 1.70 and a beta of 1.39. With $470.0 highest and $203.0 lowest PT, Boeing has $386 average PT or 14.66% above the current ($336.65) price.

A push to improve productivity paid off for Boeing in the first quarter as operating profits rose 30% compared with the same period a year ago on only a 6% improvement in revenues. The aircraft producer reported $3.64 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $2.59 by $1.05.

Boeing reported Q1/18 revenue of $23.4 billion was up 6% from $22.0 billion reflecting 184 commercial deliveries and higher defense contract volume and services growth. The stock decreased 3.05% or $1.13 during the last trading session, reaching $35.87. During the same period last year, the firm earned $2.01 earnings per share. analysts forecast that Boeing will post 14.07 earnings per share for the current fiscal year.

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In other news, CFO Gregory D. Smith sold 36,079 shares of Boeing stock in a transaction dated Thursday, February 8th. Green Square Capital Llc has risen its stake in Nucor Corp Com (NYSE:NUE) and also increased its holding in Landmark Infrastructure Lp Com Unit Ltd by 229,199 shares in the quarter, for a total of 1.26M shares. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 65 Investors Sold All; 614 Reduced Holdings; 391 increased holdings while 148 hedge funds bought holdings.

The results helped Boeing inch closer to a targeted operating margin in the mid-teens by the end of next year. Boeing Co's shareholder Levy Harkins & Co Inc owns 120,102 shares as of Q4 2017. Schwab Charles Investment Management Inc. now owns 3,275,519 shares of the aircraft producer's stock valued at $965,756,000 after purchasing an additional 122,278 shares during the last quarter. The Iowa-based United Fire Group Inc has invested 7.22% in the stock. Insiders own 0.24% of the company's stock. The Georgia-based fund Cacti Asset Management Llc looks positive on Boeing Co, owning 257,238 shares. Finally, Old Mutual Global Investors UK Ltd. lifted its stake in shares of Boeing by 28,537.7% during the 3rd quarter. By selling 29,470 shares Green Square Capital Llc made the stock popped up with 8.82%.

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