Economy

Boeing Earnings Beat the Street, Raises Guidance for Full Year

It is negative, as 62 investors sold BA shares while 534 reduced holdings. The company now expects earnings per share to range from $9.90 to $10.10. Ameriprise Financial Inc. increased its position in shares of Boeing by 26.0% in the second quarter. Finally, MV Capital Management Inc. raised its stake in Boeing Company (The) by 6.3% in the 2nd quarter. LLC now owns 2,582 shares of the aircraft producer's stock valued at $511,000 after purchasing an additional 280 shares during the period. Capital World Investors now owns 47,676,799 shares of the aircraft producer's stock worth $6,191,786,000 after buying an additional 3,866,637 shares during the period.

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Perkins Coie Trust Company increased Boeing Co (BA) stake by 51.75% reported in 2017Q2 SEC filing.

On July 27 the company was changed to "Neutral" in a report from Goldman Sachs up from the previous "Sell" rating. The shares were sold at an average price of $142.46, for a total transaction of $28,599,414.84. 2,135,828 shares of the company's stock were exchanged.

In related news, EVP J Michael Luttig sold 200,754 shares of the company's stock in a transaction on Monday, October 31st. The stock was sold at an average price of $241.20, for a total value of $32,320.80. The disclosure for this sale can be found here. Insiders have sold a total of 83,468 shares of company stock valued at $20,353,814 in the last ninety days. The stock decreased 2.07% or $0.92 during the last trading session, reaching $43.6. The company expects BGS to record $14-14.5 billion in revenue with a 15-15.5% operating margin for the full year. Finally, UBS AG lifted their target price on shares of Boeing Company (The) from $180.00 to $253.00 and gave the stock a neutral rating in a research note on Friday, August 4th. Sanford C. Bernstein reissued an "outperform" rating and issued a $91.00 price objective on shares of Boeing in a research note on Wednesday. The Company's divisions include Oil and Natural Gas Segment; Land Investment Segment; Contract Drilling Segment, and Residential Real Estate Segment.

In the most updated research from a number of analysts on Wall Street, the company gets 14 Buys and 0 Sell among 24 analysts. The mean target price as estimated by the analysts for the company has been recorded at $56.29.

The Boeing Company (NYSE:BA) appreciated by 1.4% at $266, after hitting low of $263.24 in an intra-day trade. Surprise? The volume performance for the stock on the day in question is unusually high, especially when matched against average 3.79M. We can determine whether this level of expected growth is highly excessive or whether the company has consistently exhibited strength.

Boeing Co racked up a further $329 million charge for its troubled KC-46 aerial refueling tanker program in quarterly results on Wednesday, paring gains in profit margins compared with a year ago and prodding its shares lower.

The aerospace and defense company reported core earnings per share of $2.72, above the estimate, according to a Bloomberg poll of analysts.

Revenue: $24.39 billion, above the estimated $23.89 billion in the third quarter of 2016. The company's revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.44) EPS. The Boeing Company has 609.6 million shares outstanding, and in the last trade has seen ATR around 3.71.

"In the third quarter we successfully launched our newest business segment, Boeing Global Services, leveraging our unique One Boeing advantages to offer complete lifecycle support across the commercial, defense and space sectors". The Company's investments in oil and natural gas properties are located in Canada, principally in the province of Alberta, with other non-producing holdings in the provinces of Saskatchewan and British Columbia.



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