Company Update – The Boeing Company (NYSE:BA) – BlackBerry says making headway with corporate, gov’t clients

The Boeing Company (NYSE:BA) [Reuters] – The number of large business and government clients that have installed or are testing BlackBerry Ltd’s mobile device management service has risen roughly 20 percent over the past six months, the embattled smartphone maker said on Tuesday. BlackBerry, which recently halted plans to sell itself and shook up its management team, said large customers such as Morgan Stanley and Boeing Co are currently running and testing its BlackBerry Enterprise Service 10 (BES). The product allows such companies to securely manage devices that run on Apple’s iOS operating system and Google’s Android operating system as well as BlackBerry devices on their internal networks. Apple and Android devices have eclipsed BlackBerry and now dominate the smartphone market.
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The Boeing Company (BA), with a current value of $99.60B, started trading this morning at $133.93.
Looking at today’s market, BA one day range is $131.93 to $133.90 and has traded between $72.68 and $142.00 over the past 12 months.
 
BA shares are currently priced at 19.96x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 19.03x earnings multiple for the same period.
The company pays shareholders $1.94 per share annually in dividends, yielding 1.40%.
 
Consensus earnings for the current quarter by the 21 sell-side analysts covering the stock is an estimate of $1.55 per share, which would be $0.27 better than the year-ago quarter and a $0.03 sequential decrease. Investors should also note that the full-year EPS estimate of $6.72 is a $1.61 improvement when compared to the previous year’s annual results.
 
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $22.41 Billion. If realized, that would be a 0.49% increase over the year-ago quarter.
In terms of ratings, Oppenheimer downgraded BA from Outperform to Perform (Nov 20, 2013). Previously, BB&T Capital Mkts upgraded BA from Hold to Buy.
The average price target for BA shares is $146.39, which is 9.30% above where the stock opened this morning.
 
The Boeing Company (NYSE:BA), together with its subsidiaries, engages in the design, development, manufacture, sale and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems and services worldwide.
 
Tag Helper ~ Stock Code: BA | Common Company name: Boeing | Full Company name: The Boeing Company (NYSE:BA) .

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