Boeing Co (BA) reported quarterly earnings results on Wednesday, Jul-27-2016. The company reported $-0.44 earnings per share for the quarter, missing the analyst consensus estimate by $-2.68. Analysts had a consensus of $2.24. The company posted revenue of $24755.00 million in the period, compared to analysts expectations of $24174.22 million. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.62 EPS.
Many Wall Street Analysts have commented on Boeing Co. Morgan Stanley Initiated Boeing Co on Jun 23, 2016 to “Overweight”, Price Target of the shares are set at $153.
Boeing Co closed down -2.95 points or -2.17% at $133.01 with 51,32,417 shares getting traded on Thursday. Post opening the session at $135.4, the shares hit an intraday low of $132.55 and an intraday high of $135.86 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
Investors should note that on Jun 27, 2016, Boeing Co announced a cash dividend of $1.0900. The company’s management has announced Aug 10, 2016 as the ex-dividend date and fixed the record date on Aug 12, 2016. The payable date has been fixed on Sep 2, 2016.
In a different news, on May 19, 2016, Thomas J Downey (SVP, Communications) sold 6,047 shares at $134.00 per share price. According to the SEC, on May 17, 2016, John J Tracy (SVP & CTO) sold 22,341 shares at $133.60 per share price. On May 17, 2016, Scott W Fancher (SVP, Prog Mgmt, Int & Dev Prog) sold 6,279 shares at $133.16 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.