Company Update – The Boeing Company (NYSE:BA) – Vote on Boeing Contract Highlights Rift in Machinists’ Union

The Boeing Company (NYSE:BA) [at New York Times] – International and local union leaders are sharply divided over a vote set for Friday on Boeing’s revised contract offer to machinists in Washington State.
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The Boeing Company (BA), with a current value of $102.57B, started the session at $136.16.
 
Shares have traded today between $135.74 and $137.05 per share and has traded between $72.68 and $142.00 over the past 12 months.
 
BA shares are currently priced at 20.08x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 22.33x forward p/e ratio.
 
The company pays shareholders $2.92 per share annually in dividends, yielding 2.10%.
 
In a review of the consensus earnings estimate this quarter, 21 sell-side analysts are looking at $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 $6.73 is a $1.62 better when compared to the previous year’s annual results.
 
The quarterly earnings estimate is predicated on a consensus revenue forecast of $22.41 Billion. If reported, that would be a 0.49% increase over the year-ago quarter.
 
More recently, 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 by the analysts covering the stock is $150.13, which is 10.26% 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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