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Stock Market & Financial Investment News

News Breaks
July 22, 2014
13:48 EDTBAEarnings Preview: Boeing shares flat since Q1 earnings report
The Boeing Company (BA) is expected to report second quarter earnings on Wednesday, July 23 before the market open with a conference call scheduled for 10:30 am ET. Boeing is a diversified aerospace company. EXPECTATIONS: Analysts are looking for earnings per share of $2.01 on revenue of $22.33B, according to First Call. The consensus range for EPS is $1.88-$2.24 on revenue of $21.68B-$23.12B. LAST QUARTER: Boeing reported first quarter core EPS of $1.76 against estimates for $1.56 on revenue of $20.46B against estimates for $20.19B. The company raised its FY14 core EPS view to $7.15-$7.35, from $7.00-$7.20 to reflect the benefit of a tax settlement to be recognized in Q2, compared to consensus of $7.38. It forecast FY14 revenue of $87.5B-$90.5B, versus consensus of $89.92B. Boeing reported a backlog of $440B at Q1-end, and continues to see FY14 commercial deliveries of 715-725. For FY14, the company expects a book-to-build ratio above 1. On May 21 at its Investor Day meeting, Boeing reported a Commercial airplanes backlog of $374B, and a Defense backlog of $67B, with approximately 30% of that being international. CEO Jim McNerney said there were "significant" opportunities ahead to add to the backlog, and the Boeing 787-9 was on track for a mid-year delivery. ANALYST REACTION: Street research has been mostly positive in the weeks leading up to Boeing's Q2 report. On May 2, Argus raised their price target on Boeing to $161 from $150 after the company reported higher than expected Q1 EPS. The firm kept a Buy rating on the stock. On May 5, CRT Capital raised their price target on Boeing to $165 from $148 and increased estimates to reflect stronger than expected Q1 earnings, operating margin improvements and buybacks. Shares were Buy rated. On June 11, RBC Capital downgraded Boeing to Sector Perform from Outperform due to valuation and maintained its $145 price target. PRICE ACTION: Boeing’s shares are trading at essentially the same levels they did prior to the company's Q1 results. In afternoon trading ahead of Wednesday's Q2 report, Boeing’s shares are up about 0.6% to $129.20.
News For BA From The Last 14 Days
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November 26, 2014
10:55 EDTBABoeing reports two new orders in weekly update
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November 25, 2014
05:19 EDTBABoeing delivers first direct purchase 737-700 to Ruili Airlines
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November 24, 2014
09:19 EDTBADefense Secretary Hagel said to be stepping down, NY Times reports
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November 20, 2014
19:31 EDTBABoeing has no plans for long-range 737 MAX, Reuters reports
Boeing has no plans to extend the range of its upcoming 737 MAX 9 jetliner after Airbus Group's announcement that it will offer a long-range version of its competing A321 aircraft, according to Reuters, citing a senior Boeing executive. Reference Link
15:35 EDTBADelta Air Lines confirms order for 25 Airbus A350-900, 25 A330neo aircraft
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13:50 EDTBABoeing confirms Kuwait Airways intent to purchase 10 777-300ERs
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07:44 EDTBADelta near deal for 50 Airbus wide-body jets, Bloomberg reports
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November 19, 2014
17:13 EDTBABoeing awarded $194.78M government contract modification
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November 17, 2014
05:12 EDTBABoeing signs agreement with Toray Industries for 777X wing composites
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November 13, 2014
12:52 EDTBABoeing reports 90 new orders since last update
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07:12 EDTBAOracle to hold a meeting
2014 OAGi Plenary Meeting is being held in Redwood City, California on November 13-14.
November 12, 2014
07:10 EDTBAFly Leasing to sell 8 Boeing 757 aircraft
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