Boeing (NYSE:BA) Announces Quarterly Earnings Results

Boeing (NYSE:BA) posted its quarterly earnings data on Wednesday. The aircraft producer reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.68) by $0.48, FiscalAI reports. The business had revenue of $22.22 billion during the quarter, compared to analysts’ expectations of $22.15 billion. During the same period in the prior year, the firm posted ($0.49) EPS. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis.

Here are the key takeaways from Boeing’s conference call:

• Boeing has stabilized 737 production at 42 airplanes per month and plans to ramp to 47 per month this summer, with a later increase toward 52 per month enabled by the new Everett North Line.
• Progress on certifications continued — final-phase work on the 737-7/737-10, FAA approval of a 777-9 test phase (TIA 4A), and a supplier-identified engine root cause being addressed — plus FAA approval raising 787-9/787-10 MTOW.
• Defense and services are strong drivers, with BDS revenue growth, a record $86 billion backlog, KC-46 delivery increases, MQ-25 test milestones, and BGS posting record backlog and large order intake.
• Operational issues persist — the company reworked 25 737 airplanes after a wiring nonconformance (pushing some deliveries into Q2), 787 deliveries were delayed by seat-certification and engine timing, and Spirit integration is dilutive with an expected ~$1 billion cash drag this year.
• Balance sheet and cash outlook are mixed — Q1 free cash flow was a –$1.5 billion use, cash ended at $20.9 billion and debt fell to $47.2 billion, while management reiterates full-year FCF guidance of $1–$3 billion and a longer-term target of $10+ billion.

Boeing Stock Performance

Shares of BA opened at $234.29 on Friday. The firm has a market cap of $184.00 billion, a PE ratio of 113.73 and a beta of 1.13. The stock’s fifty day moving average price is $218.21 and its two-hundred day moving average price is $216.97. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.18 and a quick ratio of 0.40. Boeing has a 1 year low of $169.00 and a 1 year high of $254.35.

Insider Transactions at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 1,503 shares of the business’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $233.78, for a total value of $351,371.34. Following the sale, the executive vice president directly owned 19,015 shares in the company, valued at $4,445,326.70. The trade was a 7.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Ann M. Schmidt sold 6,281 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $243.37, for a total value of $1,528,606.97. Following the completion of the sale, the senior vice president owned 13,978 shares in the company, valued at approximately $3,401,825.86. The trade was a 31.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 21,012 shares of company stock valued at $4,980,687. Corporate insiders own 0.10% of the company’s stock.

Institutional Trading of Boeing

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Strive Financial Group LLC bought a new stake in shares of Boeing during the 4th quarter valued at $25,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Boeing during the 3rd quarter valued at $25,000. CrossGen Wealth LLC bought a new stake in shares of Boeing during the 4th quarter valued at $26,000. Swiss RE Ltd. bought a new stake in shares of Boeing during the 4th quarter valued at $30,000. Finally, Acumen Wealth Advisors LLC bought a new stake in shares of Boeing during the 4th quarter valued at $31,000. 64.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BA has been the topic of several research analyst reports. Jefferies Financial Group reissued a “buy” rating on shares of Boeing in a research report on Wednesday, March 4th. Morgan Stanley boosted their price objective on Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Thursday. Citigroup cut their price objective on Boeing from $290.00 to $256.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Tigress Financial boosted their price objective on Boeing from $275.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Finally, Weiss Ratings raised Boeing from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $259.35.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Q1 beats and delivery momentum: Boeing reported stronger?than?expected Q1 results (revenue ~$22.2B, narrower non?GAAP loss) and higher deliveries, lifting confidence in the turnaround. Boeing Shares Up After Earnings
• Positive Sentiment: Record backlog and rising production optionality: Backlog hit a record (~$695B) and management signaled the 737 MAX production can be increased, supporting revenue visibility. Production Increase Story
• Positive Sentiment: Bullish positioning in options: Unusually large call?option buying and elevated call volumes suggest short?term speculative and institutional bullish bets. Large Call Option Volume
• Positive Sentiment: Analyst support: Some firms raised targets/maintained buy views (e.g., Morgan Stanley raised its target), reinforcing upside expectations. Price Target Raise Note
• Neutral Sentiment: Retail and long?term bullish narratives: Multiple outlets and community theses highlight BA as a long?term recovery play — helpful for sentiment but not a near?term catalyst by itself. Bullish Thesis Summary
• Neutral Sentiment: Management optimism on China orders: CEO comments express confidence a US?China summit could unlock major Chinese airline orders — a potential upside that depends on politics/diplomacy. CEO China Orders Comment
• Negative Sentiment: Cash?flow and leverage remain concerns: Despite improvement, operating/free cash flow is still pressured and the firm carries high leverage — these fundamentals cap valuation and increase sensitivity to execution slips. Cash Strain Analysis
• Negative Sentiment: Order/certification and geopolitical risk: Some larger orders depend on political/diplomatic developments and key certifications (and spare?parts access) — risks that could delay revenue recognition. Order Dependency Risk

Boeing Company Profile

Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.

Boeing’s principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.