Boeing (NYSE:BA – Get Free Report) announced its quarterly earnings results on Tuesday. The aircraft producer reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.09), FiscalAI reports. The firm had revenue of $24.19 billion for the quarter, compared to analyst estimates of $23.95 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($7.47) earnings per share.
Boeing Stock Performance
Shares of BA stock opened at $186.16 on Tuesday. Boeing has a one year low of $176.77 and a one year high of $254.35. The company has a market capitalization of $147.14 billion, a price-to-earnings ratio of 80.22 and a beta of 1.26. The company’s 50-day moving average is $201.13 and its 200 day moving average is $218.67. The company has a debt-to-equity ratio of 6.77, a quick ratio of 0.33 and a current ratio of 1.14.
Key Boeing News
Here are the key news stories impacting Boeing this week:
- Positive Sentiment: Revenue increased 4% year over year to $24.2 billion, while Boeing’s GAAP net loss narrowed sharply to $116 million, or $0.26 per share, from a $5.3 billion loss in the prior-year quarter. Operating earnings improved to $354 million from a $4.8 billion loss. Boeing Reports $24.2 Billion Third-Quarter Revenue and $116 Million Net Loss
- Positive Sentiment: Cash generation improved, with $1.5 billion in operating cash flow and $0.5 billion in free cash flow. Boeing’s total backlog reached a record $745 billion, including more than 6,300 commercial aircraft, supporting longer-term revenue visibility. Boeing Reports Third Quarter Results
- Positive Sentiment: Regulatory and defense milestones provided additional support: the 737-7 and 737-10 received amended type certification, and Boeing was selected by the U.S. Navy for the F/A-XX next-generation fighter program. Defense revenue rose 15% to $7.9 billion, with a 6.2% operating margin. Boeing Reports Third Quarter Results
- Neutral Sentiment: Global Services remained a strong contributor, producing $5.6 billion in revenue and an 18.3% operating margin. However, consolidated debt stood at $45.9 billion versus $20.7 billion of cash and marketable securities, leaving balance-sheet improvement important to the recovery story.
- Negative Sentiment: Commercial Airplanes remained the weak spot. The unit delivered 161 aircraft and generated $10.7 billion in revenue, but production challenges overshadowed stronger results elsewhere. Boeing also reported adjusted EPS of negative $0.34, missing the consensus estimate of negative $0.25. Boeing jetliner production challenges weigh on third-quarter results
- Negative Sentiment: The near-two-month stoppage of 777 Freighter production caused by a supplier dispute has disrupted output on related widebody programs, including the 767 freighter and KC-46 tanker. Investors will likely focus on delivery growth, production stability and sustained free-cash-flow improvement.
Analyst Ratings Changes
Several brokerages recently issued reports on BA. Rothschild & Co Redburn upped their price target on Boeing from $260.00 to $285.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of Boeing in a research report on Monday, October 19th. Btg Pactual set a $260.00 price objective on shares of Boeing in a research note on Tuesday, July 14th. Morgan Stanley lowered their price objective on shares of Boeing from $250.00 to $225.00 and set an “equal weight” rating on the stock in a research report on Friday, October 16th. Finally, The Goldman Sachs Group cut shares of Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and an average target price of $266.96.
Read Our Latest Research Report on BA
Boeing Company Profile
The Boeing Company (NYSE: BA) is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, satellites, space systems and related products and services. Its offerings serve airlines, government agencies, defense organizations and other customers worldwide.
Boeing operates through three principal business areas: Commercial Airplanes, which develops and produces passenger and cargo aircraft; Defense, Space & Security, which provides military aircraft, weapons systems, satellites and space-related platforms; and Global Services, which offers parts, maintenance, training, engineering and other lifecycle support.
Founded in 1916 by William Boeing, the company has grown into one of the world’s major aerospace manufacturers.
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