Q2 2024 Earnings Forecast for The Boeing Company (NYSE:BA) Issued By Seaport Res Ptn

The Boeing Company (NYSE:BA) – Seaport Res Ptn decreased their Q2 2024 earnings per share estimates for Boeing in a report released on Monday, July 22nd. Seaport Res Ptn analyst R. Safran now expects that the aircraft producer will post earnings of ($2.95) per share for the quarter, down from their prior estimate of ($1.29). The consensus estimate for Boeing’s current full-year earnings is ($2.27) per share. Seaport Res Ptn also issued estimates for Boeing’s Q3 2024 earnings at $0.38 EPS, Q4 2024 earnings at $0.90 EPS, FY2024 earnings at ($2.79) EPS, Q2 2025 earnings at $1.39 EPS, Q3 2025 earnings at $1.48 EPS, Q4 2025 earnings at $1.66 EPS and FY2025 earnings at $5.83 EPS.

A number of other research analysts also recently weighed in on the stock. Argus downgraded shares of Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Stifel Nicolaus restated a “buy” rating and issued a $240.00 price target on shares of Boeing in a research note on Wednesday, May 15th. Susquehanna reiterated a “positive” rating and set a $230.00 price objective on shares of Boeing in a research report on Wednesday, May 15th. Robert W. Baird dropped their target price on Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. Finally, Bank of America boosted their price target on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, June 13th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Boeing has an average rating of “Moderate Buy” and an average target price of $220.89.

Boeing Price Performance

BA stock opened at $186.89 on Thursday. The stock has a market capitalization of $114.73 billion, a P/E ratio of -52.64 and a beta of 1.56. Boeing has a 1-year low of $159.70 and a 1-year high of $267.54. The business has a fifty day moving average price of $181.74 and a 200-day moving average price of $188.76.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.43) by $0.30. The firm had revenue of $16.57 billion during the quarter, compared to analysts’ expectations of $17.69 billion.

Institutional Investors Weigh In On Boeing

Several large investors have recently bought and sold shares of the business. Strategic Blueprint LLC raised its position in Boeing by 8.7% during the fourth quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock valued at $859,000 after purchasing an additional 264 shares during the period. U.S. Capital Wealth Advisors LLC lifted its position in Boeing by 41.5% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 15,761 shares of the aircraft producer’s stock worth $4,108,000 after buying an additional 4,622 shares during the last quarter. Orca Investment Management LLC boosted its stake in Boeing by 5.5% during the fourth quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer’s stock worth $983,000 after buying an additional 195 shares during the period. One Charles Private Wealth Services LLC bought a new position in Boeing during the fourth quarter valued at $205,000. Finally, J.W. Cole Advisors Inc. raised its stake in shares of Boeing by 5.8% in the fourth quarter. J.W. Cole Advisors Inc. now owns 29,133 shares of the aircraft producer’s stock valued at $7,594,000 after acquiring an additional 1,596 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Company Profile

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 Commercial Airplanes; Defense, Space & Security; and Global Services segments.