wnol.info May 25 2018

Boeing 1Q profits jump, lifts 2018 forecast

May 25 2018, 03:05 | Alonzo Simpson

Boeing Crushes Q1 Estimates: What You Need To Know

Boeing earnings crush estimates, raises 2018 earnings forecast

Arcus Capital Partners LLC now owns 1,640 shares of the aircraft producer's stock valued at $324,000 after purchasing an additional 12 shares during the period.

The stock increased 2.31% or $7.59 during the last trading session, touching $336.65.Currently The Boeing Company is uptrending after 82.35% change in last April 25, 2017. Bnp Paribas Asset Mgmt Holding Sa stated it has 0.24% of its portfolio in The Boeing Company (NYSE:BA). Boeing Co's shareholder Levy Harkins & Co Inc owns 120,102 shares as of 2017 Q4. Vanguard Group Inc owns $13.95 billion in The Boeing Company, which represents roughly 7.17% of the company's market cap and approximately 9.84% of the institutional ownership.

"Customers continue to recognize the value of our products and services, with strong orders booked in the quarter for defense, services and commercial offerings, including 221 net commercial aircraft orders", Boeing CEO Dennis Muilenburg said in a press release. W.G. Shaheen & Associates DBA Whitney & Co now owns 27,409 shares of the aircraft producer's stock worth $5,420,000 after buying an additional 100 shares in the last quarter. Finally, Suntrust Banks Inc. grew its stake in Boeing by 5.0% in the second quarter. The firm now has a "neutral" rating on the aircraft producer's stock.

Despite Beijing declaring tariffs on 106 US products, stock researchers Valuentum suggested that Boeing's tariff troubles were overblown.

The Boeing Company had 1 sale and 0 buys since February 12, 2018. Boeing has a one year low of $175.47 and a one year high of $371.60.

With passenger traffic up in February almost 6 percent from a year ago, Boeing executives announced first-quarter earnings and revenue above Wall Street expectations and raised their profit forecast for the year.

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Boeing said it earned $3.64 per share in the first quarter on revenue of $23.4 billion. The firm's quarterly revenue was up 6.5% compared to the same quarter previous year. Boeing's quarterly revenue was up 6.5% on a year-over-year basis. research analysts anticipate that Boeing will post 14.07 earnings per share for the current year.

A number of equities analysts have recently issued reports on the company. On Monday, January 8 Melius Research maintained The Boeing Company (NYSE:BA) with "Buy" rating. They noted that the move was a valuation call. In Friday, April 6 report RBC Capital Markets maintained it with "Hold" rating and $35800 target. The company rating was maintained by RBC Capital Markets on Wednesday, November 15. Finally, ValuEngine upgraded Boeing from a "hold" rating to a "buy" rating in a research note on Friday, February 2nd.

A total of 18 analysts rate Boeing (NYSE:BA) as follows: 14 "Buy", 4 "Hold" and 0 "Sell". This company shares are 17.7% off its target price of $387.29 and the current market capitalization stands at $194.56B.

In related news, CFO Gregory D. Smith sold 36,079 shares of the firm's stock in a transaction that occurred on Thursday, February 8th. Green Square Capital Llc has risen its stake in Nucor Corp Com (NYSE:NUE) and also increased its holding in Landmark Infrastructure Lp Com Unit Ltd by 229,199 shares in the quarter, for a total of 1.26M shares. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Sva Plumb Wealth Ltd Liability Company owns 2,001 shares or 0.07% of their United States portfolio.

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The company's earnings came in at $2.48 billion, or $4.15 per share.

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