The Boeing Company (NYSE:BA) – Boeing, ILFC Announce New 787 Operator Neos

The Boeing Company (NYSE:BA) [PR Newswire] – MILAN, May 13, 2014 /PRNewswire/ — Boeing (BA) and International Lease Finance Corporation (ILFC) today announced that two 787-8 Dreamliners will be leased by ILFC to the Italian carrier Neos. Based at Milan Malpensa Airport in northern Italy, Neos will become the country’s first 787 operator when it takes delivery of the airplane in 2018. ILFC is Boeing’s largest 787 customer with orders for 74 of the airplane type.
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The Boeing Company (BA), currently valued at $97.48B, started the session at $133.01.
 
During today’s session, BA traded between $132.84 to $133.83 with a one year range of $94.10 to $144.57.
 
BA shares are currently priced at 17.36x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 18.88x earnings multiple for the same period.
 
The company pays shareholders $2.92 per share in dividend income per year, for a current yield of 2.20%.
 
Consensus earnings for the current quarter by the 21 sell-side analysts covering the stock is an estimate of $1.98 per share, which would be $0.31 better than the year-ago quarter and a $0.13 sequential increase. The full-year EPS estimate is $7.64 which would be a $0.57 better than last year’s full-year earnings.
 
The quarterly earnings estimate is predicated on a consensus revenue forecast of $22.47 Billion. If reported, that would be a 2.98% 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.
 
When considering if the stock is under or overvalued, the average price target is $153.95, which is 15.74% above where the stock opened this morning.
 
Summary (NYSE:BA) :  The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in five segments: Commercial Airplanes, Boeing Military Aircraft, Network & Space Systems, Global Services & Support, and Boeing Capital. The Commercial Airplanes segment develops, produces, and markets commercial jet aircraft for various passenger and cargo requirements, as well as provides related support services to the commercial airline industry. This segment also provides aviation services support, aircraft modifications, spares, training, maintenance documents, and technical advice to commercial and government customers. The Boeing Military Aircraft segment is involved in the research, development, production, and modification of manned and unmanned military aircraft and weapons systems for the global strike and vertical lift, mobility, surveillance, and engagement. The Network & Space Systems segment is engaged in the research, development, production, and modification of electronics and information solutions; strategic missile and defense systems; space and intelligence systems; and space exploration products. The Global Services and Support segment offers a range of products and services comprising integrated logistics, including supply chain management and engineering support; maintenance, modification, and upgrades for aircraft; and training systems and government services, such as pilot and maintenance training. The Boeing Capital segment facilitates, arranges, structures, and provides financing solutions, such as equipment under operating leases, finance leases, notes and other receivables, assets held for sale or re-lease, and investments for its commercial airplanes customers. The Boeing Company was founded in 1916 and is based in Chicago, Illinois.
 
Tag Helper ~ Stock Code: BA | Common Company name: Boeing | Full Company name: The Boeing Company (NYSE:BA) .

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