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Boeing Co

Boeing Co (BA)

154.65
-1.26
(-0.81%)
Closed October 09 3:00PM
155.15
0.50
(0.32%)
After Hours: 6:59PM

Your Hub for Real-Time streaming quotes, Ideas and Live Discussions

Key stats and details

Current Price
155.15
Bid
-
Ask
-
Volume
5,336,001
154.14 Day's Range 156.70
149.49 52 Week Range 267.54
Market Cap
Previous Close
155.91
Open
156.34
Last Trade
30
@
155.1435
Last Trade Time
Financial Volume
US$ 827,856,116
VWAP
155.1454
Average Volume (3m)
7,191,565
Shares Outstanding
616,167,165
Dividend Yield
-
PE Ratio
-42.88
Earnings Per Share (EPS)
-3.61
Revenue
77.79B
Net Profit
-2.22B

About Boeing Co

Boeing is a major aerospace and defense firm. The firm operates in four segments, commercial airplanes, defense, space & security, global services, and Boeing capital. Boeing's commercial airplanes segment competes with Airbus in the production of aircraft ranging from 130 seats upwards. Boeing's de... Boeing is a major aerospace and defense firm. The firm operates in four segments, commercial airplanes, defense, space & security, global services, and Boeing capital. Boeing's commercial airplanes segment competes with Airbus in the production of aircraft ranging from 130 seats upwards. Boeing's defense, space & security segment competes with Lockheed, Northrop, and several other firms to create military aircraft and weaponry. Boeing global services provides aftermarket support to airlines. Show more

Sector
Aircraft
Industry
Aircraft
Website
Headquarters
Wilmington, Delaware, USA
Founded
-
Boeing Co is listed in the Aircraft sector of the New York Stock Exchange with ticker BA. The last closing price for Boeing was US$155.91. Over the last year, Boeing shares have traded in a share price range of US$ 149.49 to US$ 267.54.

Boeing currently has 616,167,165 shares outstanding. The market capitalization of Boeing is US$96.07 billion. Boeing has a price to earnings ratio (PE ratio) of -42.88.

Boeing (BA) Options Flow Summary

Overall Flow

Bullish

Net Premium

4M

Calls / Puts

207.37%

Buys / Sells

95.10%

OTM / ITM

81.37%

Sweeps Ratio

0.68%

BA Latest News

Boeing Announces Third-Quarter Deliveries

Boeing Announces Third-Quarter Deliveries PR Newswire ARLINGTON, Va., Oct. 8, 2024 ARLINGTON, Va., Oct. 8, 2024 /PRNewswire/ -- The Boeing Company [NYSE: BA] announced today major program...

Honeywell Seeks Division Spinoff; Foxconn Expands Production With Nvidia GB200; Chinese Stocks Plunge

Honeywell (NASDAQ:HON) – Honeywell plans to spin off its advanced materials division, which could be worth over $10 billion as an independent company. CEO Vimal Kapur is focusing on...

Millennium Space Systems Rapidly Completes FOO Fighter Review Milestone

Millennium Space Systems Rapidly Completes FOO Fighter Review Milestone PR Newswire EL SEGUNDO, Calif., Oct. 7, 2024 EL SEGUNDO, Calif., Oct. 7, 2024 /PRNewswire/ -- Millennium Space Systems, a...

Starboard Acquires $1 Billion Stake in Pfizer; Rio Tinto Pursues Acquisition of Arcadium Lithium, and More

Pfizer (NYSE:PFE) – Activist investor Starboard Value acquired about $1 billion in Pfizer shares, seeking changes to improve performance. Former CEO Ian Read and former CFO Frank...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
13.782.49719231023151.37158.7599149.496731168153.8997502CS
4-7.21-4.44074895294162.36163.9149.498785642155.37464811CS
12-24.9-13.8294918078180.05196.95149.497191565166.29595323CS
26-27.04-14.8416488281182.19196.95149.496865933171.96716325CS
52-32.85-17.4734042553188267.54149.497466073191.90972814CS
156-71.6-31.5766262404226.75267.54113.027646645186.75066199CS
260-215.9-58.1862282711371.05378.78912569475192.25313762CS

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BA Discussion

View Posts
DiscoverGold DiscoverGold 2 days ago
Today Boeing Company (BA) is the best performer in the DJIA
By: Thom Hartle | October 7, 2024

• Today (8:32 CST), the best performer in the DJIA is Boeing Company. BA.



Read Full Story »»»

DiscoverGold
👍️0
DiscoverGold DiscoverGold 3 days ago
Boeing $BA The chart’s primed for a bounce, and next month has been Boeing’s top performer since 2000: 71% win rate, +6.27% average return.
By: TrendSpider | October 4, 2024

• Liftoff approaching? $BA

The chart’s primed for a bounce, and next month has been Boeing’s top performer since 2000:

71% win rate, +6.27% average return.



Read Full Story »»»

DiscoverGold
👍️ 1
DiscoverGold DiscoverGold 3 days ago
Boeing (BA) Over FOUR AND A HALF YEARS of support is at stake
By: TrendSpider | October 5, 2024

• Over FOUR AND A HALF YEARS of support is at stake.

Are you a buyer here on $BA?



Read Full Story »»»

DiscoverGold
👍️0
DiscoverGold DiscoverGold 1 week ago
Boeing weighs raising at least $10 billion selling stock
By: Bloomberg News | October 1, 2024

(Reuters) - Boeing is considering raising at least $10 billion by selling new stock, Bloomberg News reported on Tuesday, citing people familiar with the discussions.

The planemaker is working with advisers to explore its options, the report said, adding that raising equity is not likely to happen for at least a month.

Boeing did not immediately respond to Reuters' request for comment. Reuters has not independently verified the report.

The planemaker has been under pressure from slumping production of its strongest-selling 737 MAX jet, after a January incident when a door panel blew off a new model mid-air.

Its finances were further strained after roughly 30,000 Boeing workers represented by the International Association of Machinists and Aerospace Workers in the Seattle and Portland areas walked off the job in September.

Boeing is carrying a heavy debt load of about $60 billion and posted operating cash flow losses of more than $7 billion for the first half of 2024, according to data compiled by LSEG.

The U.S. planemaker had previously signaled it would consider issuing equity as it deals with ongoing safety problems exposed by the January blowout and looming debt maturities.

Industry experts had said Boeing would likely need to raise cash by the end of 2024, with some analysts and investors expecting the company to raise between $10 billion and $12 billion.

Boeing has just under $4.6 billion in bonds and loans coming due by end of 2025, according to data compiled by LSEG.

Shares of the planemaker were down 1.3% in premarket trading.

Read Full Story »»»

DiscoverGold
👍️0
Jetmek_03052 Jetmek_03052 1 week ago
Looks like the big snag in strike negotiations is retirement pensions.

These machinists (keep in mind that I myself was an A&P mechanic working on jets) are being unreasonable. The days of huge pension payouts are over. Huge pensions almost sunk some of the bigger airlines. Boeing realizes that and doesn’t want to suffer the same fate.

Pension payments are a thing of the past. The sooner these guys realize that, the sooner they will be allowed back on the job. They just lost all their health insurance coverage.

I never was a fan of unions and I think the machinists union is in the wrong here. JMO.
👍️0
DiscoverGold DiscoverGold 1 week ago
$BA We have landed on the runway
By: TrendSpider | September 29, 2024

• $BA We have landed on the runway.



Read Full Story »»»

DiscoverGold
👍️0
Sirpeter Sirpeter 2 weeks ago
Thats what counts... nice
👍️0
lvhd lvhd 2 weeks ago
Who cares, made 4K today
👍️0
Sirpeter Sirpeter 2 weeks ago
Pay raise from 25% to 30% + $6000 bonus is peanuts and likely will be rejected...congrats on today's bump
👍️0
lvhd lvhd 2 weeks ago
Boom
👍️0
Sirpeter Sirpeter 2 weeks ago
Will see whos right...have a good one
👍️0
Jetmek_03052 Jetmek_03052 2 weeks ago
Bull.

also there are plenty of other businesses capable of building aircrafts

There's no airline out there that could survive parking the Boeings they fly and then buy other aircraft from other manufacturers. Especially in any type of timeframe needed to allow the airline to continue their scheduled service and survive.

The only other manufacturer that could supplant Boeing aircraft is Airbus. Most of their aircraft already have buyers.

.....Boeing's reputation is in the gutter

The two events that caused a loss of confidence in Boeing were:

1. The Hull and life losses associated with the MAX platform and due to the introduction of the new LEAP engine model and subsequent hardware/software changes in the flight control system. Those issues were studied, and completely solved. The MAX aircraft have had ZERO control issues since the aircraft was put back into service following the hardware/software changes made.

2. The more recent issue that involved the failure of Boeing maintenance crews to put critical safety fasteners in place, while installing a door plug. That door plug subsequently departed the aircraft in flight. However, that incident involved NO loss of life and NO injuries. All other Boeing aircraft were checked for the correct installation of those door plugs and no other faults were found.

There have been many other incidents reported with Boeing aircraft since then, but almost EVERY incident was found to be caused by either pilot error or faulty maintenance performed by personnel employed by individual airlines....NOT Boeing related.

You are not looking at this logically. Boeing will get by this and eventually be fine.
👍️0
Sirpeter Sirpeter 2 weeks ago
The only way the government could help is to grant them loans...dont expect that to happen soon...their credit rating is about to crumble more ...workers could find jobs with higher pay and benefits elsewhere in this economy...also there are plenty of other businesses capable of building aircrafts...Boeing's reputation is in the gutter...expect to eventually lose your shirt if you're buying shares
👍️0
Jetmek_03052 Jetmek_03052 2 weeks ago
No. No "magic". Boeing and the machinists union will eventually come to some sort of agreement. A total standoff for a protracted time does neither party any good. In my opinion, they will come to an agreement sooner rather than later and go on from there.

Let's face something here. The majority of most airlines in this country (and many others) use Boeing aircraft. There will be no support for them, if Boeing goes away. Parts will become an issue. Engineering support will become an issue. The entire transportation industry would eventually be crippled.

Never mind the fact that the Aerospace and military sectors rely on Boeing for MANY products.

This government will not allow the current strike to last long or endanger transportation or the survival of Boeing. They will step in if it goes too long. The same way they stepped in and managed the Air Traffic Controllers strike many years ago.
👍️0
Sirpeter Sirpeter 2 weeks ago
Boeing is in bigger trouble than you guys think...workers will find other jobs and could get more money elsewhere...nobody wants to work there...too many problems
👍️0
Sirpeter Sirpeter 2 weeks ago
Magic?
👍️0
lvhd lvhd 3 weeks ago
Took a long position today. GLTA
👍️0
Jetmek_03052 Jetmek_03052 3 weeks ago
Boeing will get through this. Just a matter of time.
👍️ 1
Sirpeter Sirpeter 3 weeks ago
Strike just began and new CEO will cut cost...stock may be up for now on some false hope but wont last as the strike wanes
👍️0
GolfFishSurf GolfFishSurf 3 weeks ago
Looks like it should drop below $100, yet it is up today. No idea how......


RPT-Strike could cost Boeing $100 million-plus in daily revenue, analysts say
05:30:00 AM ET, 09/17/2024 - Reuters
(Repeats with no changes to text)

By Shivansh Tiwary

Sept 16 (Reuters) - Boeing could lose over $100 million in daily revenue until it reaches a settlement with its union that represents more than 30,000 workers, analysts said on Monday.

The Seattle-area Boeing workers who build the planemaker's most popular 737 MAX and other jets in factories on the U.S. West Coast went on strike after rejecting their first full contract in 16 years last week.

A prolonged strike could cost several billion dollars, fraying the planemaker's already strained finances and threatening a downgrade of its credit rating.

The strike, Boeing's first since 2008, is the latest event in a tumultuous year for the company that began with a January incident when a door panel detached from a new 737 MAX jet mid-air. Shares have lost roughly 40% in value so far this year.

Northcoast Research estimates the total impact of the strike could reach $3 billion or more. "Boeing will most likely remove 33-35 jets from the original production plan, resulting in a loss of $102 million in daily revenue," said Chris Olin, an analyst at Northcoast Research.

New CEO Kelly Ortberg is now confronting a labor-management battle just weeks after he was brought in to restore faith in the planemaker, which is also facing heavy scrutiny from U.S. regulators for its safety practices.

Last week all three major ratings agencies warned that a prolonged strike could cost the company its investment-grade rating. That would increase borrowing costs for Boeing, which already has a $60-billion debt pile.

"We estimate the strike will pare sales by more than 2008's nearly $100 million per day since current volumes are higher," TD Cowen analyst Cai von Rumohr said.

Boeing's finances are already under pressure due to negative free cash flow and poor margins. The planemaker needs to generate sufficient cash flow to meet payments on its debt.

On Monday, Boeing said it was freezing hiring and weighing temporary furloughs to keep costs in check.

Each revenue slip of more than $100 million per day will pare $60 million in cash, since the planemaker receives 60% of a plane's price upon delivery, TD's von Rumohr said.

Jefferies analysts say the strike would amount to a hit of about $1.3 billion in monthly free cash flow.

(Reporting by Shivansh Tiwary and Nathan Gomes in Bengaluru; Additional reporting by Utkarsh Shetti; Editing by Shounak Dasgupta)
👍️0
Sirpeter Sirpeter 3 weeks ago
Yup eventually
👍️0
Jess070283 Jess070283 3 weeks ago
Back to $100 IMO. Most people don’t understand the power of this strike movement. It will last for months mark it…
👍️0
gfp927z gfp927z 3 weeks ago
>>> Boeing Risks Being Cut to Junk as Strike Hurts Production


Bloomberg

by Julie Johnsson and Olivia Raimonde

September 13, 2024


https://finance.yahoo.com/news/boeing-risk-being-cut-junk-163804703.html


(Bloomberg) -- Boeing Co. is at risk of losing its investment-grade credit rating as the embattled planemaker faces the prospect of a drawn-out strike by workers that will further disrupt production and cash flow.

The credit score on Boeing’s unsecured debt has stood at Baa3 with Moody’s Ratings since April. Moody’s said in a statement on Friday that it’s reviewing the ratings for a possible downgrade and that it “will assess the strike’s duration and impact on cash flow and the potential equity capital raising Boeing may undertake to bolster its liquidity.”

Boeing has been fighting to hang on to its investment-grade rating, a mission that’s now been complicated by the strike called by workers overnight. The company has more than $45 billion in net debt and has been bleeding cash after it was forced to pare back output in the wake of a near catastrophic accident in January.

A descent into junk territory would increase Boeing’s borrowing costs at a time when it’s struggling to turn around its commercial and defense operations. Boeing has also been losing money on some defense contracts, and its space business has been dogged by delays and cost overruns. The company has $4 billion of debt coming due in 2025 and also $8 billion coming due in 2026, according to Moody’s.

There are other financial consequences to a junk downgrade, such as a smaller pool of investors willing to buy a company’s debt. Two credit graders must lower a company to speculative grade before its debt leaves the investment-grade index and is no longer considered high grade.

Chief Financial Officer Brian West told analysts at a Morgan Stanley conference on Friday that the company will consider necessary steps to shore up its balance sheet. The planemaker is evaluating its capital structure to ensure it can meet its upcoming debt payment over the next 18 months, he said.

“We remain committed to manage the balance sheet prudently,” West said at a conference. “We want to prioritize the investment grade credit rating.”

About 33,000 workers at Boeing’s main sites in the Seattle area voted last night to reject a new labor accord and go on strike. Boeing has said it’s willing to get back to the negotiating table, after offering a 25% pay increase alongside other sweeteners. It’s unclear how long and disruptive a strike might be, and the union leadership has also said it’s willing to resume talks.

Fitch Ratings also said on Friday that Boeing’s investment-grade rating has “limited headroom for a strike.” Like Moody’s, Fitch has Boeing on the lowest rung above speculative grade. The same applies for Standard & Poor’s, which rates Boeing at BBB-.

👍️0
Sirpeter Sirpeter 4 weeks ago
Boeing is about to crash...union strike will bring them down...bought puts today
🎯 1 👍️ 1
User-700991 User-700991 4 weeks ago
When does the DOW kick them out?
For bringing the whole index down
👍️0
noradio noradio 1 month ago
Seems like every time you say that it's followed by another leg down.
👍️0
DiscoverGold DiscoverGold 1 month ago
Boeing Forecasts China Plane Fleet to Double by 2043
By: MT Newswires | August 27, 2024

Boeing BA said late Monday that it expects China's commercial airplane fleet to more than double by 2043 to meet rising demand.

China's fleet will grow at a 4.1% annual rate, from 4,345 to 9,740 airplanes, by 2043, Boeing said, citing its 2024 Commercial Market Outlook for China report.

Annual passenger traffic will grow 5.9%, outpacing the global average of 4.7%, the company said.

Boeing said China will account for the world's largest traffic flow and will have the world's largest fleet of widebody jets as its freighter fleet triples.

Read Full Story »»»

DiscoverGold
👍️0
DiscoverGold DiscoverGold 2 months ago
Boeing Faces Near-Term Risks From Upcoming Union Labor Contract Expiration
By: MT Newswires | August 22, 2024

Boeing BA faces potential near-term risks from the upcoming expiration of the union labor contract with 32,000 IAM 751 members on Sept. 13, UBS said in a note Thursday.

In the event of a strike, UBS outlines three potential scenarios, with the worst-case scenario involving an over two-month-long strike, potentially halting deliveries of key aircraft models like the Max, 777, and 767, leading to severe financial repercussions.

A failure to reach an agreement could lead to a strike, significantly impacting aircraft deliveries and creating an $8 billion cash flow headwind, the investment firm said.

Boeing's free cash flow estimates for 2024 to 2028 could be affected by wage increases, with an up to 6% potential impact depending on the scale of union wage increases, ranging from a 14% step-up to a 40% step-up, UBS said.

Despite these risks, UBS notes that even if a strike does not occur, Boeing will likely still face higher wage costs, leading to an estimated $1 billion increase in annual union wages by the end of the decade.

UBS had a buy rating for Boeing with a price target of $240.

Read Full Story »»»

DiscoverGold
👍️ 1 ✔️ 1
Jetmek_03052 Jetmek_03052 2 months ago
That’s why test flights and subsequent inspections are done. To discover any structural or aerodynamic issues that might arise, and then make changes to the product before it goes into full production and service.
👍️0
DiscoverGold DiscoverGold 2 months ago
$BA pauses flight tests for its 777x jet after discovering cracks in key part
By: Barchart | August 20, 2024

BREAKING 🚨: Boeing$BA pauses flight tests for its 777x jet after discovering cracks in key part pic.twitter.com/yyEIo9ZYGP— Barchart (@Barchart) August 20, 2024

Read Full Story »»»

DiscoverGold
👍️0
bar1080 bar1080 2 months ago
Yes, Indeed: "EL AL Israel Airlines Finalizes Order for up to 31 Boeing 737 MAX Jets."
👍️0
DiscoverGold DiscoverGold 2 months ago
Boeing Signs 737 MAX Deal Worth Up To $2.5 Billion
By: Barron's | August 15, 2024

There was a bit of good news for Boeing first thing Thursday. The troubled airplane manufacturer has secured a new aircraft deal with Israel's El Al Airlines worth as much as $2.5 billion, it said on Thursday.

The order includes up to 31 737 MAX aircraft, which would replace the flag carrier's current all-Boeing fleet of 737-800 and 737-900.

The agreement is for the purchase of 20 737 MAX airliners for $1.5 billion as well as options for 11 more and delivery could take place as early as 2027.

Boeing shares were rising 0.7% at $169.6 in the Thursday premarket. Shares in the Tel Aviv-listed airline fell 0.6% in midmorning trading in Israel.

Boeing has grappled with quality and production challenges lately. It has been heavily scrutinized since an emergency door blew out on an Alaska Air 737 MAX nine jet while it was in air in January. The stock has lost about 35% of its value since the beginning of this year.

Read Full Story »»»

DiscoverGold
👍️0
Jetmek_03052 Jetmek_03052 2 months ago
Boeing looking stronger.
😂 1 🤣 1
DiscoverGold DiscoverGold 2 months ago
Boeing Delivers 43 Airplanes in July As Production Recovers
By: News Wires | August 13, 2024

Boeing delivered 43 airplanes in July, a second straight relatively solid month for the jet maker as it works to ramp up production amid supply-chain glitches and in the wake of January's Alaska Airlines door-plug blowout. That total included 32 737 jets, three fewer than Boeing delivered in June but higher than earlier in the year when it was delivering between 15 and 25 narrowbodies per month. Deliveries included six 787s, four 767s and one 777 freighter. Boeing's backlog is now 5,477, down from 5,506 at the end of June.(sharon.terlep@wsj.com)

Read Full Story »»»

DiscoverGold
👍️ 1
DiscoverGold DiscoverGold 2 months ago
Boeing Company $BA was just awarded a $264.1 Million contract with the 🇺🇸 Navy
By: Evan | August 12, 2024

• Boeing $BA was just awarded a $264.1 Million contract with the 🇺🇸 Navy.



Read Full Story »»»

DiscoverGold
👍️0
DiscoverGold DiscoverGold 2 months ago
Boeing $BA today was awarded a $2.6 Billion modification to a previous contract with the 🇺🇸 Air Force
By: Evan | August 9, 2024

• Boeing $BA today was awarded a $2.6 Billion modification to a previous contract with the 🇺🇸 Air Force.



Read Full Story »»»

DiscoverGold
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CorporateDick CorporateDick 2 months ago
Will negative posts make a difference?
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DiscoverGold DiscoverGold 2 months ago
Boeing Incoming Chief Faces Sizable Challenges, Opportunities in New Job, RBC Says
By: MT Newswires | August 1, 2024

Boeing's BA selection of Kelly Ortberg as new chief executive brings "the right mix of industry knowledge and relationships," and an outsider's perspective, RBC Capital Markets said in a note.

Selecting an outsider is important for cultural and operational shift at the company, following a string of recent problems, the brokerage said Wednesday.

"We believe the 'to do' list will be substantial, but expect the focus for investors now to shift to the long-term [free cash flow] upside as Ortberg eventually takes ownership of the day-to-day operations of the company and looks to reset the mid- and long-term expectations," the analysts said.

One such opportunity is a new contract between Boeing and union employees represented by the International Association of Machinists and Aerospace Workers. The contract is slated to expire Sept. 12, although RBC said a strike is unlikely. But, a deal will provide a positive catalyst for Boeing, especially if the company plans to increase deliveries in the second half.

RBC raised price target for Boeing to $220 from $210, while reiterating outperform rating.

Read Full Story »»»

DiscoverGold
👍️0
noradio noradio 2 months ago
https://www.zerohedge.com/markets/boeing-appoints-kelly-ortberg-new-ceo-its-reports-another-catastrophic-quarter

Encouraging? They burned through 4.3 billion dollars in cash!! And after all the criminality, incompetency, dead whistleblowers I don't see any negative posts from you? And this is a company that is subsidized by the American tax payer!
👍️ 1
DiscoverGold DiscoverGold 2 months ago
Boeing Stock Rises After C-Suite Shakeup, Earnings
By: Schaeffer's Investment Research | July 31, 2024

• Boeing announced a new CEO, and the news is overshadowing an earnings whiff

• Boeing's second-quarter report were below Wall Street's estimates

Boeing Co (NYSE:BA) shares are up 1.6% to trade at $189.81 this morning, after the blue-chip aerospace manufacturer announced a new CEO and second-quarter results.

The company's loss of $2.90 per share and revenue of $16.87 billion both missed expectations, but BA is getting a boost after it was announced that Robert "Kelly" Ortberg is slated to replace Dave Calhoun as CEO. Ortberg formerly led aerospace supplier Rockwell Collins -- now part of RTX (RTX) -- and boasts more than 30 years of experience.

Options traders are chiming in following the results. So far, 15,000 calls and 8,046 puts have crossed the tape, which is triple what is typically seen at this point. Most popular is the weekly 8/2 195-strike call, followed by the 200-strike call from the same series.

Boeing stock is up off its April 25 multi-year lows of $159.70, but has been mostly range bound since early May. Though pacing for its fourth win in five sessions, BA is still down 27.4% in 2024.

Read Full Story »»»

DiscoverGold
👍️0
Jetmek_03052 Jetmek_03052 2 months ago
Boeing showing a lot of strength after missing expectations in its quarterly. Encouraging. Calhoun being replaced by Kelly Ortberg seems to be a catalyst.
👍️0
DiscoverGold DiscoverGold 2 months ago
Boeing $BA Just reported earnings
By: Evan | July 31, 2024

• Boeing $BA also just reported earnings

EPS of -$2.90 missing expectations of -$2.00
Revenue of $16.9B missing expectations of $17.4B

Boeing $BA just announced former Collins Aerospace CEO Kelly Ortberg will replace Dave Calhoun as CEO of Boeing - CNBC

Read Full Story »»»

DiscoverGold
👍️0
Jetmek_03052 Jetmek_03052 2 months ago
Boeing performing well in premarket this morning, after "challenging" quarter. Let's see what the day brings.
👍️0
DiscoverGold DiscoverGold 2 months ago
Boeing (BA) Q2 Earnings Coming Up: Should You Buy or Sell?
By: Zacks Investment Research | July 29, 2024

The Boeing Company BA is scheduled to release second-quarter 2024 results on Jul 31, before market open.

The Zacks Consensus Estimate for revenues is pegged at $17.49 billion, implying an 11.4% decline from the year-ago quarter's reported figure. The consensus mark for second-quarter earnings is pegged at a loss of 1.68 per share, suggesting a deterioration from a loss of 82 cents reported in the prior-year quarter. The bottom-line estimate declined significantly in the past 60 days.


Zacks

Boeing has a solid earnings surprise history. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed the same in one, the average surprise being 17.83%.

Earnings Whispers

Our proven model does not conclusively predict an earnings beat for Boeing this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.

BA has a Zacks Rank #4 (Sell) and an Earnings ESP of -2.98%.

You can see the complete list of today’s Zacks #1 Rank stocks here.

Key Factors to Consider

Solid Expectations From Global Services Business

We remain optimistic about Boeing Global Services’ (“BGS”) top-line performance in the second quarter, as steadily improving global commercial air travel is likely to have bolstered fleet utilization, thereby boosting commercial jet services volume.

In the first quarter, the BGS business opened a maintenance facility in Jacksonville, FL, to support Boeing’s military customers. Operational efficiencies achieved in this facility might have aided the BGS unit’s bottom-line performance in the second quarter.

The Zacks Consensus Estimate for the unit’s revenues is pegged at $5,049.3 million, indicating an improvement of 6.4% from the year-ago quarter’s reported number. The consensus mark for earnings is pinned at $947.6 million, indicating solid growth of 10.7% year over year.

Poor Commercial & Defense Deliveries to Hurt Q2 Results

Boeing’s second-quarter deliveries reflect a 32.4% decline in commercial shipments from the year-ago quarter’s reported figure. Also, defense shipments deteriorated 26.3% year over year.

For manufacturing companies like Boeing, successful deliveries of finished products play a crucial role in boosting its revenue growth.

So, the top-line results from both its commercial and defense business segments are expected to reflect a dismal year-over-year performance.

The consensus estimate for Boeing’s commercial business segment’s top line is pegged at $6,340 million, implying a 28.3% decline from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for the defense unit’s revenues is pegged at $6,305 million, indicating a decline of 2.2% year over year.

Overall Picture

Considering the fact that Boeing’s military and commercial revenues accounted for almost 76% of its total revenues as of 2023-end, the notable decline in delivery figures for both the commercial and defense shipments is likely to have hurt the company’s overall second-quarter top-line performance, outweighing the positive revenue contribution from the BGS unit.

On the bottom-line front, abnormal costs in relation to inspections and rework costs on inventoried 787 aircraft, along with the adverse impacts of supply-chain challenges, are likely to have hurt BA’s quarterly earnings.

Price Performance & Valuation

Boeing’s shares have exhibited a downward trend, losing a notable percentage over the year-to-date period. Specifically, the stock plunged 28.3% year to date, underperforming the Zacks aerospace-defense industry’s decline of 6.1%.

Boeing’s YTD Performance

As evident from the image, other notable stocks from the same industry outperformed BA’s performance. Shares of Lockheed LMT and Embraer ERJ rallied 15.7% and 58.7%, respectively, year to date, while that of Airbus EADSY lost 8.1%.

From a valuation perspective, Boeing is trading at a discount when compared to its industry. Currently, BA is trading at 1.32X forward 12 months earnings, which is lower than the industry’s forward earnings multiple of 1.56X. The stock is also trading lower than its five-year median of 1.44.

Price-to-Sales (forward 12 Months)

Investment Thesis

Despite commercial air travel statistics currently being in favor of jet makers like Boeing, persistent quality control issues with its 737 program have been putting a big dent in the company’s quarterly results lately. Subsequent inspections and quality checks for this model of aircraft, along with supplier shortages of a few key parts of 787 jets, are likely to have played the role of major growth deterrents for this jet giant in the second quarter.

The only silver lining among these adversities is the growth expectation from its global service business. However, this unit alone does not boast the capacity to take Boeing on a swift ride.

The poor delivery performance of its commercial and defense units is also taking a toll on its cash balance, thereby limiting its financial prowess. This is evident from its return on invested capital
ROIC
compared to that of its industry.

Should You Buy or Sell BA?

With Boeing’s current ROIC being a negative, indicating that its investments are not generating sufficient returns to cover its costs, investors should refrain from buying the stock before Wednesday. Investors have already been losing confidence in this stock, as evident from its year-to-date price performance. Its second-quarter results are not expected to make any major upturn, considering the downward revision in its earnings estimates as well as a negative Earnings ESP.

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Jetmek_03052 Jetmek_03052 2 months ago
Boeing Provides Digital Flight Operations Solution for Ryanair

https://ih.advfn.com/stock-market/NYSE/boeing-BA/stock-news/94243845/boeing-provides-digital-flight-operations-solution
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Jetmek_03052 Jetmek_03052 2 months ago
Boeing doing pretty well in front of this plea agreement. The 20 plane order from Qatar Airways is a nice bonus.
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DiscoverGold DiscoverGold 2 months ago
Boeing and DOJ Finalize and File Plea Agreement Related to Fatal 737 MAX Crashes
By: MT Newswires | July 25, 2024

Boeing BA and the US Department of Justice have finalized a plea agreement related to two fatal 737 MAX crashes, and filed it in court Wednesday.

Under the proposed plea agreement, filed in the US District Court for the Northern District of Texas, Boeing agrees to plead guilty to conspiracy to defraud the US, pay a $243.6 million fine and to invest at least $455 million in its compliance, quality and safety programs.

The court is asked by both the DOJ and Boeing to determine 'whether and in what amount restitution is owed to the families, whom the Court previously determined were directly and proximately harmed by Boeing's conduct as charged.'

Boeing confirmed to MT Newswires Thursday the company and the DOJ filed the plea agreement, subject to court approval.

"We will continue to work transparently with our regulators as we take significant actions across Boeing to further strengthen our safety, quality and compliance programs," Boeing said.

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DiscoverGold DiscoverGold 3 months ago
Qatar Airways orders 20 more Boeing 777-9 planes
By: Reuters | July 23, 2024

Qatar Airways has ordered 20 more Boeing BA 777-9 planes, expanding its order book for the U.S. planemaker's 777X family of jets to almost 100, the companies said at the Farnborough Airshow on Tuesday.

The order was finalised this year and was listed on Boeing's orders and deliveries website as from an unidentified customer.

The deal is worth around $4 billion, according to estimated delivery prices from Cirium Ascend.

Qatar Airways said earlier on Tuesday it would decide on a "sizeable" new order of wide-body jets around the end of this year or in the first quarter of 2025.

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DiscoverGold DiscoverGold 3 months ago
Boeing $BA looking ready to begin it descent soon...
By: TrendSpider | July 22, 2024

• $BA looking ready to begin it descent soon...



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DiscoverGold DiscoverGold 3 months ago
US DOJ Nears Completion of Boeing Plea Agreement, Filing Expected by July 24
By: MT Newswires | July 19, 2024

The US Justice Department has made significant progress in finalizing a plea agreement with Boeing BA, Reuters reported late Thursday, citing the agency.

The report said the DOJ plans to file a factual statement supporting its breach determination with the plea deal. Originally expected to be filed by Friday, the filing is now expected to be completed by July 24.

Boeing had agreed earlier in the month to plead guilty to a criminal fraud conspiracy charge and pay a $243.6 million fine after the Justice Department found it had violated a deferred prosecution agreement from 2021, Reuters reported.

Boeing has not immediately responded to MT Newswires' request for comment.

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