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Boeing sets cash flow record, lifts 2017 forecast for jet output

Boeing sets cash flow record, lifts 2017 forecast for jet output

Boeing Co. (BA) was off to an bad start in 2016, as the stock was down approximately 25% within the starting two months. Old Mutual Global Investors UK Ltd. increased its stake in 3M Company by 248.0% in the second quarter.

Boeing Company (NYSE:BA) opened at 167.36 on Thursday. The stock has a market cap of $106.30 billion, a PE ratio of 22.28 and a beta of 1.05. The company has a 50 day moving average of $152.79 and a 200-day moving average of $137.93.

Boeing CEO Dennis Muilenburg projects revenue to be approximately flat year over year in 2017.

With this, investors should pay attention to Boeing's formal guidance in the earnings report and management's comments about the cost-cutting program on the succeeding earnings call. The consensus estimate was $2.38 per diluted share, according to Bloomberg.

Boeing Co. on Wednesday reported a 59 percent surge in fourth-quarter earnings and a "robust" multi-year order backlog. Boeing expects that 39,600 commercial airplanes will be sold over the next 20 years, if the company manages to get a 45% market share over that time frame that would mean about 890 airplanes each year - Boeing thus has substantial room to grow its production (and thus also its revenues, earnings and cash flows) further. Stockholders of record on Friday, February 10th will be paid a $1.42 dividend.

On 5/2/2016 Boeing Company (The) announced a quarterly dividend of $1.09 3.29% with an ex dividend date of 5/11/2016 which will be payable on 6/3/2016.

-Revenue Change (Y-o-Y): -1.2%.

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"Overall we have a favorable long-term outlook on the aerospace sector, and I think Boeing is well-positioned to participate in that growth", Edward Jones analyst Jeff Windau said in a phone interview. Since Boeing has very low debt levels (no net debt at all, with $10 billion in cash and $10 billion in debt) the company can easily choose to return all of its cash flows to its owners (or could theoretically also make meaningful acquisitions if a compelling takeover target is found).

The quarterly report received a positive reception on Wall Street: Boeing's share price was up more than 4 percent at midday.

Photo at top: The Boeing logo is seen at company headquarters in Chicago, Jan. 21, 2017. They now have a $182.00 target price on the aircraft producer's stock.

Baird reaffirmed their outperform rating on shares of Boeing Company (The) (NYSE:BA) in a research report report published on Friday. Finally, Zacks Investment Research lowered shares of Boeing Company (The) from a "buy" rating to a "hold" rating in a report on Monday, October 3rd. Seven analysts have rated the stock with a sell rating, seven have issued a hold rating and sixteen have given a buy rating to the company's stock. The company has a consensus rating of Hold and a consensus target price of $151.51. The shares were sold at an average price of $142.46, for a total transaction of $28,599,414.84.

In fact, while 90 percent of Boeing's employment resides in the USA, 75 percent of its product gets delivered outside the country, helping create a positive trade balance for the US aerospace industry as a whole.

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