Media stories about Boeing (NYSE:BA) have trended somewhat negative this week, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Boeing earned a media sentiment score of -0.05 on Accern’s scale. Accern also gave news coverage about the aircraft producer an impact score of 43.1506911877586 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Boeing Co (BA) Shares Bought by Sit Investment Associates Inc. (americanbankingnews.com)
- How United Technologies Makes its Money (finance.yahoo.com)
- Embraer CEO expects talks with Boeing to be concluded in 1st half (finance.yahoo.com)
- Boeing and Aeromexico Celebrate Delivery of Airline’s First 737 MAX Airplane (finance.yahoo.com)
- White House Nears Air Force One Deal With Boeing (wsj.com)
Several brokerages have recently issued reports on BA. Vetr cut Boeing from a “buy” rating to a “hold” rating and set a $369.18 price target on the stock. in a research report on Monday. Morgan Stanley reiterated an “equal weight” rating and set a $373.00 price target (up from $340.00) on shares of Boeing in a research report on Friday, February 23rd. Edward Jones upgraded Boeing from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th. Buckingham Research set a $289.00 price target on Boeing and gave the company a “hold” rating in a research report on Thursday, February 8th. Finally, Berenberg Bank set a $415.00 price target on Boeing and gave the company a “buy” rating in a research report on Monday, February 5th. Eleven research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $357.77.
Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.91 by $1.89. Boeing had a negative return on equity of 11,050.62% and a net margin of 8.78%. The business had revenue of $25.37 billion for the quarter, compared to the consensus estimate of $24.78 billion. During the same quarter in the previous year, the company posted $2.47 earnings per share. Boeing’s revenue for the quarter was up 8.9% compared to the same quarter last year. analysts anticipate that Boeing will post 14.05 EPS for the current fiscal year.
Boeing declared that its Board of Directors has authorized a share repurchase plan on Monday, December 11th that allows the company to buyback $18.00 billion in outstanding shares. This buyback authorization allows the aircraft producer to buy shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 9th will be issued a dividend of $1.71 per share. This is an increase from Boeing’s previous quarterly dividend of $1.42. The ex-dividend date is Thursday, February 8th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 1.89%. Boeing’s payout ratio is currently 58.31%.
In other news, CFO Gregory D. Smith sold 36,079 shares of Boeing stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $337.43, for a total transaction of $12,174,136.97. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.28% of the company’s stock.
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The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.
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