383.25 +0.45 (0.12%)
After hours: 7:49PM EDT
|Bid||382.12 x 1800|
|Ask||382.05 x 900|
|Day's Range||372.76 - 384.80|
|52 Week Range||292.47 - 446.01|
|Beta (3Y Monthly)||1.43|
|PE Ratio (TTM)||21.45|
|Earnings Date||Jul 23, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||8.22 (2.16%)|
|1y Target Est||426.14|
Boeing stock is up Thursday following a steep drop in the company's first quarter earnings due largely to the grounding of its 737 MAX jets. The plane maker only made vague references to the litigation linked to the crashes of two of those jets. Yahoo Finance's Alexis Keenan tells us more about the lawsuits filed against Boeing.
3M stock plunging after the company reported a lower-than-expected quarterly profit, slashed its forecast, and said it would cut 2,000 jobs. 3M is seen as a proxy for the health of the economy, but operating income fell in all 5 business units of 3M in its 1st quarter. Yahoo Finance's Brian Cheung joins Seana Smith.
CNBC's "Power Lunch" hosts the 2019 Stock Draft. Former NFL defensive end Jarvis Green, entrepreneur and author Bethenny Franke and former NFL player Nick Lowery make their first round picks. This year's participants include former NFL defensive end Jarvis Green, entrepreneur and author Bethenny Frankel and former NFL player Nick Lowery, Seymour Asset Management founder Tim Seymour, O'Shares ETFs chairman Kevin O'Leary, Wall Street mentalist Oz Pearlman, and the Beardstown Ladies.
NEW YORK, NY / ACCESSWIRE / April 25, 2019 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of shareholders of the following companies. If you suffered a loss you ...
Bernstein Liebhard LLP announced that approximately six weeks remain to make a motion for lead plaintiff in a class action pending in the United States District Court for the Northern District of Illinois on behalf of all persons or entities (the “Class”) who purchased the securities of Boeing, Inc. (“Boeing” or the “Company”) (BA) during the period of January 8, 2019 through March 21, 2019 (the “Class Period”). The complaint alleges that Defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. If you wish to serve as lead plaintiff in the Boeing class action, you must move the court no later than June 10, 2019.
We gauge the performance of certain ETFs with exposure to five major players in U.S. Aerospace and Defense industry post their earnings releases.
Southwest Airlines might have had a “blowout” quarter, if not for two major operational disruptions that severely hampered its ability to deliver customers to their destinations, CEO Gary Kelly said Thursday. For the first quarter, which ended March 31, Southwest canceled more than 10,000 flights, or roughly 4 percent of its published schedule. It was […] The post Why Southwest Canceled 10,000 Flights in the First Quarter appeared first on Skift.
Southwest Airlines earnings beat Q1 views but fell on the Boeing 737 Max grounding and more. Shares rose. Spirit Airlines fell on Q1 results. American Airlines earnings are Friday.
This week, two Chicago companies will come together to host a special event focused on the next generation of tech talent. On Friday, April 26, the Motorola Solutions Foundation (MSI) and Boeing (BA) will host the annual Chicago Science, Technology, Engineering and Mathematics (STEM) “Signing Day” event to celebrate students from across the Chicagoland area as they make commitments to attend some of the country’s top technical schools, colleges and universities, including Northwestern University, University of Missouri and University of Washington. During the event at Chicago’s City Hall, students will sign STEM “letters of intent” as part of a ceremony attended by elected officials as well as business and community leaders.
The No. 4 U.S. carrier is the biggest user of the Boeing Co aircraft that were grounded worldwide in March following two fatal crashes on other airlines. Southwest's 34 737 MAX aircraft represent less than 5 percent of daily flights on its fleet of 753 aircraft, but the grounding has forced the cancellation of thousands of flights and weighed on costs. Southwest has taken the MAX out of its flying schedule through Aug. 5 as it waits for Boeing to submit a software fix and new training guidelines to global regulators for review.
Southwest Co Chief Executive Gary Kelly said on Thursday the company was sticking with its plan to keep growing its fleet with the 737 MAX made by Boeing Co and does not plan to order different aircraft ...
What came to light for this reporter in a darkened hanger at O'Hare Airport as United Airlines revealed a new paint job.
The low-fare carrier's unit costs have ballooned in the first half of 2019 due to a huge number of flight cancellations.
Thousands of flights have been canceled since all of Boeing's 737 Max airplanes were grounded on March 13. Here are some tips to ensure a smooth trip.
Boeing CEO Dennis Muilenburg said this week that pilots will play a critical role in giving the public confidence to fly on the 737 MAX.
The U.S. Federal Aviation Administration said Thursday it is inviting top civil aviation officials from around the world to a May 23 meeting to discuss the now-grounded Boeing 737 MAX. The aircraft has been involved in two deadly crashes since October. The FAA, which did not disclose where the meeting will take place, said that at the May 23 meeting it will "provide safety experts to answer any questions participants have related to their respective decisions to return the fleet to service." It will not include Boeing at the meeting.
A NASA safety panel said on Thursday that Saturday's accident on a SpaceX astronaut capsule happened after eight engines were test fired, but offered scant details on what caused the mishap or the extent of the damage. NASA's Aerospace Safety Advisory Panel (ASAP) told reporters Elon Musk's rocket company continues to investigate the cause of the 'anomaly' during a test of engines designed to propel the crew to safety at Cape Canaveral Air Force Station in Florida. Orange smoke was seen rising above SpaceX's facilities by a photographer working for local newspaper Florida Today.
Boeing (BA) had a very rough quarter due to ongoing issues related to the Boeing 737 MAX grounding following two incidences where the planes crashed. The company reported revenue and dil. EPS of $22.9 billion and $3.16 respectively. The company’s results missed analyst consensus estimates of $23.51 billion and $3.33 dil. EPS for Q1’19. The revenue and earnings miss were driven by lower Boeing 737 deliveries, and timing of receipts versus expenditures.The company didn’t offer financial guidance for next quarter financial results, and without financial guidance, it’s difficult to anticipate next quarter results. According to Boeing, “The previously issued 2019 financial guidance does not reflect 737 MAX impacts. Due to the uncertainty of the timing and conditions surrounding return to service of the 737 MAX fleet, new guidance will be issued at a future date.”Lack of financial guidance along with both a revenue and earnings miss should translate to weak stock performance, however, the negative reports of the 737 MAX, and delay of deliveries were already priced-into the stock, as it’s down nearly 16% year-to-date.Despite some weak commentary tied to the 737, order backlog remained healthy with 5,600 airplanes valued at $399 billion. In Q1’19, Boeing also disclosed that they delivered 149 airplanes versus 184 airplanes from Q1’18, representing a 19% drop in total deliveries. Dennis Muilenburg, CEO and Chairman mentioned, “across the company, we are focused on safety, returning the 737 MAX to service, and earning and re-earning the trust and confidence of customers, regulators and the flying public.”Given the massive order backlog, and the rate at which Boeing delivers planes the business still remains fundamentally sound, as it would take several years for the company to get anywhere near close to delivering 5,600 airplanes cumulatively. So, the short-term hiccup in terms of deliveries and financial results, isn’t reflective of the long-term narrative where passenger airline travel will continue to trend higher, thus expanding the aerospace opportunity for Boeing.Not to mention, passenger airlines wouldn’t want to cancel their orders, because it just means that it will take an extremely long amount of time for Boeing to produce airplanes for them, because they would fall further back into the delivery queue.Boeing mentioned that the issues to the 737 MAX were related to software, “Boeing is making steady progress on the path to final certification for a software update for the 737 MAX, with over 135 test and production flights of the software update complete. The company continues to work closely with global regulators and our airline partners to comprehensively test the software and finalize a robust package of training and educational resources.”Given Boeing’s track-record, and their ability to identify the problem, it’s very likely that the issues will be resolved, and production of the 737 MAX will continue. Although, the negative press associated with the company will raise suspicions among passengers related to safety, it’s unlikely to alter consumer behavior by much.Bottom lineBoeing won’t experience long-term repercussions from the grounding of the 737 MAX, as they work out the technical issues. They have a number of other planes they can market more aggressively in the meantime, such as the 747, 787, 777X, and so forth. When the 737 MAX returns to service, and deliveries resume, Boeing’s results will improve, and the stock price will also recover. Anticipating when this will occur is somewhat difficult, but it does create an opportunity for those who see the recent pullback as an opportunity to buy on the dip, and then capitalize on the eventual announcement of the 737 MAX return to service and continued production.Disclosure: The author has no position in Boeing stock. Read more on BA: * Merrill Lynch Has Turned Sour on Boeing (BA) Stock * Will Boeing’s (BA) 737 Software Fix Drew Investors Back to Stock? * J.P. Morgan Still Sees 20% Upside for Boeing (BA) Stock More recent articles from Smarter Analyst: * Last Minute Thought: Buy or Sell Amazon (AMZN) Stock Before Q1’19 Earnings? * China Worries Aside, Top Analyst Bullish on Starbucks (SBUX) Stock Ahead of Earnings * Will Q1 Earnings Hold a Surprise for Intel (INTC) Stock Tonight? * Facebook (FB) Stock: The Turnaround Is Real
Although analysts had widely expected the aircraft manufacturer to report poor numbers, the actual results were even worse than expected, with both revenue and earnings per share missing expectations significantly, as the worldwide grounding of the 737-MAX weighed heavily on the company. Warning! GuruFocus has detected 1 Warning Sign with GH. First quarter earnigns per share were $3.16, down 13% year-on-year and missing consensus expectations of $3.25.