The closing price of Boeing Co. (NYSE: BA) was $184.24 for the day, down -4.29% from the previous closing price of $192.49. In other words, the price has decreased by -$8.25 from its previous closing price. On the day, 18659348 shares were traded. BA stock price reached its highest trading level at $188.58 during the session, while it also had its lowest trading level at $183.16.
Ratios:
Our analysis of BA’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.04 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.36. For the most recent quarter (mrq), Quick Ratio is recorded 0.31 and its Current Ratio is at 1.14.
On January 25, 2024, BofA Securities Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $255 to $225.
Susquehanna reiterated its Positive rating for the stock on January 18, 2024, while the target price for the stock was revised from $306 to $279.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 01 ’23 when COLBERT THEODORE III sold 8,500 shares for $238.37 per share. The transaction valued at 2,026,136 led to the insider holds 59,255 shares of the business.
MOLLENKOPF STEVEN M bought 850 shares of BA for $201,450 on Jul 31 ’23. The Director now owns 3,767 shares after completing the transaction at $237.00 per share. On May 01 ’23, another insider, McKenzie Howard E, who serves as the Chief Engineer & EVP, ET&T of the company, sold 412 shares for $204.36 each. As a result, the insider received 84,196 and left with 17,181 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BA now has a Market Capitalization of 112.41B and an Enterprise Value of 149.05B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.44. Its current Enterprise Value per Revenue stands at 1.92 whereas that against EBITDA is 64.38.
Stock Price History:
Over the past 52 weeks, BA has reached a high of $267.54, while it has fallen to a 52-week low of $176.25. The 50-Day Moving Average of the stock is 211.20, while the 200-Day Moving Average is calculated to be 214.19.
Shares Statistics:
BA traded an average of 9.60M shares per day over the past three months and 9.27M shares per day over the past ten days. A total of 609.52M shares are outstanding, with a floating share count of 609.28M. Insiders hold about 0.14% of the company’s shares, while institutions hold 65.09% stake in the company. Shares short for BA as of Feb 29, 2024 were 8.83M with a Short Ratio of 0.92, compared to 9.71M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.45% and a Short% of Float of 1.45%.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.48.
Earnings Estimates
The firm’s stock currently is rated by 22 analysts. On average, analysts expect EPS of -$0.18 for the current quarter, with a high estimate of $0.72 and a low estimate of -$1.1, while EPS last year was -$1.27. The consensus estimate for the next quarter is $0.63, with high estimates of $1.14 and low estimates of $0.06.
Analysts are recommending an EPS of between $4.84 and $0.7 for the fiscal current year, implying an average EPS of $3.03. EPS for the following year is $7.82, with 23 analysts recommending between $10.23 and $3.95.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 21 analysts. It ranges from a high estimate of $22.84B to a low estimate of $17.35B. As of the current estimate, Boeing Co.’s year-ago sales were $17.57B, an estimated increase of 12.20% from the year-ago figure.
A total of 26 analysts have provided revenue estimates for BA’s current fiscal year. The highest revenue estimate was $97.72B, while the lowest revenue estimate was $83.3B, resulting in an average revenue estimate of $89.53B. In the same quarter a year ago, actual revenue was $77.79B, up 15.10% from the average estimate. Based on 25 analysts’ estimates, the company’s revenue will be $99.22B in the next fiscal year. The high estimate is $106.2B and the low estimate is $90.98B. The average revenue growth estimate for next year is up 10.80% from the average revenue estimate for this year.
