Company Update (NYSE:BA): Boeing, Air Europa Celebrate Delivery of the Airline’s First 787 Dreamliner

[PR Newswire] – MADRID, March 15, 2016 /PRNewswire/ — Boeing [NYSE: BA], Air Europa and SMBC Aviation Capital are celebrating the delivery of the carrier’s first Boeing 787 Dreamliner today. Air Europa leased its first 787 through an agreement with SMBC Aviation Capital. The delivery is also the first Dreamliner to SMBC Aviation Capital. Read more on this. The Boeing Company (BA) , valued at $83.42B, opened at $125.50. Looking at today’s market, BA one day range is $124.21 to $126.06 with a trailing 52-week range being $102.10 to $155.99. BA shares are currently priced at 14.88x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.64x earnings multiple for the same period. The company pays shareholders $4.36 per share annually in dividends, yielding 3.50%. In a review of the consensus earnings estimate this quarter, 16 sell-side analysts are looking at $1.85 per share, which would be $0.12 worse than the year-ago quarter and a $0.34 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $8.49 is a $0.77 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $21.94 Billion. If reported, that would be a 0.95% decrease over the year-ago quarter. In terms of ratings, Canaccord Genuity downgraded BA from Buy to Hold (Mar 3, 2016). Previously, Buckingham Research upgraded BA from Underperform to Neutral. The average price target for BA shares is $137.95, which is 9.92% above where the stock opened this morning. See more in (NYSE:BA) Similar Articles: Company Update: The Boeing Company (NYSE:BA) – UTC Aerospace Systems and Boeing celebrate the first flight of the 737 MAX Company Update: The Boeing Company (NYSE:BA) – Boeing says China Postal Airlines orders 10 737-800 converted freighters Company Update: The Boeing Company (NYSE:BA) – Boeing, Cathay Pacific Airways Celebrate Milestone 70th 777 Delivery