Somewhat Positive Press Coverage Very Unlikely to Impact Boeing (BA) Share Price

Media stories about Boeing (NYSE:BA) have been trending somewhat positive this week, InfoTrie Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Boeing earned a daily sentiment score of 0.77 on their scale. InfoTrie also assigned press coverage about the aircraft producer an news buzz score of 2 out of 10, meaning that recent news coverage is very unlikely to have an impact on the company’s share price in the near term.

Here are some of the news articles that may have effected Boeing’s score:

Get Boeing alerts: Boeing lands huge British Airways order after A380’s demise (news.yahoo.com) SpaceX to launch capsule to space station in key milestone (finance.yahoo.com) Why This MiG-21 Vs. F-16 Dogfight Heats Up A $15 Billion Fighter Contest (finance.yahoo.com) U.S. Air Force grounds Boeing’s KC-46 tankers over debris issue (feeds.reuters.com) Boeing Lands Big British Airways Order for New 777-9 Jetliner (laht.com)

Several research analysts recently issued reports on BA shares. JPMorgan Chase & Co. reissued a “buy” rating and set a price target on shares of Boeing in a report on Wednesday, January 30th. UBS Group reissued a “buy” rating on shares of Boeing in a report on Wednesday, January 9th. ValuEngine raised shares of Boeing from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. Credit Suisse Group reissued a “buy” rating and set a $456.00 price target on shares of Boeing in a report on Tuesday, December 18th. Finally, Cowen reissued a “buy” rating and set a $445.00 price target on shares of Boeing in a report on Tuesday, December 18th. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $416.13.

Shares of Boeing stock opened at $440.62 on Friday. Boeing has a 12-month low of $292.47 and a 12-month high of $446.01. The company has a debt-to-equity ratio of 25.99, a current ratio of 1.08 and a quick ratio of 0.31. The stock has a market capitalization of $239.58 billion, a price-to-earnings ratio of 27.52, a P/E/G ratio of 1.55 and a beta of 1.31.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, January 30th. The aircraft producer reported $5.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.52 by $0.96. Boeing had a net margin of 10.34% and a negative return on equity of 4,286.60%. The company had revenue of $28.34 billion during the quarter, compared to analysts’ expectations of $26.76 billion. During the same period last year, the company posted $3.04 earnings per share. The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. As a group, sell-side analysts predict that Boeing will post 20.13 earnings per share for the current year.

Boeing announced that its board has approved a stock repurchase plan on Monday, December 17th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the aircraft producer to purchase up to 11.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 8th were given a $2.055 dividend. The ex-dividend date of this dividend was Thursday, February 7th. This is a positive change from Boeing’s previous quarterly dividend of $1.71. This represents a $8.22 annualized dividend and a dividend yield of 1.87%. Boeing’s dividend payout ratio is currently 51.34%.

In other news, CFO Gregory D. Smith sold 19,500 shares of the stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $401.38, for a total value of $7,826,910.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Timothy John Keating sold 26,557 shares of the stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $395.47, for a total transaction of $10,502,496.79. The disclosure for this sale can be found here. Insiders sold 72,247 shares of company stock worth $28,922,977 over the last quarter. Company insiders own 0.24% of the company’s stock.

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Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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