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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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April 17, 2015
11:50 EDTBABoeing says IAM withdraws petition to unionize in South Carolina
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08:36 EDTBAGE CEO says U.S. economy getting 'a little better every day'
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April 16, 2015
11:07 EDTBABoeing reports one new order in weekly update
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08:49 EDTBAFly Leasing acquires Boeing 737-800 aircraft
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April 15, 2015
17:19 EDTBABoeing awarded $321.8M government contract
Boeing was awarded a $321.8M cost-plus-incentive-fee undefinitized contract to complete development of the base line Apache attack helicopter, and for the integration of modifications. Work will be performed in Mesa, Arizona, with an estimated completion date of March 31, 2018. Bids were solicited with one received. FY15 research, development, testing, and evaluation funds in the amount of $51.46M were obligated at the time of the award.
April 14, 2015
19:48 EDTBABoeing union may cancel vote to unionize South Carolina workers, WSJ says
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09:08 EDTBASouthwest selects seat for future Boeing aircraft
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07:10 EDTBAAviation Week to hold a conference
MRO Americas 2015 is being held in Miami Beach on April 14-16.
06:15 EDTBABoeing, Lockheed Martin JV unveils Vulcan rocket with reusable engine
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April 10, 2015
09:02 EDTBACopa Airlines and Boeing announce airplane order
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07:09 EDTBABoeing acquires motion imagery processing software maker 2d3 Sensing
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06:22 EDTBADoD enacts stricter rules on research spending by contractors, WSJ says
The Department of Defense is enacting stricter rules on how defense companies can spent $4B of the department's research budget, following a report that explained that much of the budget was used to increase contractors' bids or to develop their own proprietary technology, reports the Wall Street Journal. Publicly traded companies in the space include BAE Systems (BAESY), Boeing (BA), General Dynamics (GD), Lockheed Martin (LMT), Northrop Grumman (NOC), Raytheon (RTN) and United Technologies (UTX).
April 9, 2015
18:02 EDTBABoeing awarded $173.5M government contract
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April 7, 2015
14:56 EDTBADelta flight with emergency issue lands safely, AirLive.net reports
LaGuardia Delta (DAL) GJS6248 just landed safely, according to AirLive.net, citing Twitter user @News_Executive. Reference Link
14:53 EDTBADelta flight into New York reporting emergency, Breaking911 says
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10:20 EDTBABoeing Q1 deliveries top rival Airbus, Reuters reports
Boeing (BA) last week reported 184 first quarter deliveries, up from 161 a year ago in the same period, while rival Airbus (EADSY) reported that its Q1 deliveries slipped to 134 planes from 141 in the same period of last year, reported Reuters. Airbus also trailed Boeing with net orders for 101 aircraft in Q1, compared to 110 for Boeing, Reuters added. Reference Link

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