Boeing Co (BA) reported quarterly earnings results on Wednesday, Apr-27-2016. The company reported $1.74 earnings per share for the quarter, missing the analyst consensus estimate by $-0.10. Analysts had a consensus of $1.84. The company posted revenue of $22632.00 million in the period, compared to analysts expectations of $21497.36 million. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.97 EPS.
Many Wall Street Analysts have commented on Boeing Co. Boeing Co was Downgraded by BofA/Merrill to ” Underperform” on Apr 20, 2016. Shares were Downgraded by Canaccord Genuity on Mar 3, 2016 to ” Hold” and Lowered the Price Target to $ 135 from a previous price target of $150 .Boeing Co was Upgraded by Buckingham Research to ” Neutral” on Feb 18, 2016.
Boeing Co opened for trading at $131.09 and hit $131.83 on the upside on Friday, eventually ending the session at $131.05, with a gain of 0.24% or 0.31 points. The heightened volatility saw the trading volume jump to 38,58,140 shares. Company has a market cap of $86,821 M.
In a different news, on Nov 4, 2015, Anthony M Parasida (SVP, Human Resources/Admin) sold 11,690 shares at $147.68 per share price. According to the SEC, on Nov 3, 2015, Thomas J Downey (SVP, Communications) sold 50,000 shares at $148.60 per share price. On Nov 3, 2015, Christopher M Chadwick (EVP, Pres. & CEO, BDS) sold 8,700 shares at $149.09 per share price, according to the Form-4 filing with the securities and exchange commission.
The Boeing Company together with its subsidiaries is an aerospace company. The Company operates through five segments: Commercial Airplanes Boeing Military Aircraft (BMA) Network & Space Systems (N&SS) Global Services & Support (GS&S) and Boeing Capital (BCC). The Defense Space & Security (BDS) business includes BMA N&SS and GS&S. The Commercial Airplanes segment develops produces and markets commercial jet aircraft and provides related support services. The BMA segment is engaged in the research development production and modification of manned and unmanned military aircraft and weapons systems for global strike. The N&SS segment is engaged in the research development production and modification of the products and related services. The GS&S segment provides a range of support solutions. The BCC segment’s portfolio consists of equipment under operating leases finance leases notes and other receivables assets held for sale or re-lease and investments.