375.99 +2.92 (0.78%)
After hours: 7:54PM EDT
|Bid||374.00 x 3000|
|Ask||375.99 x 1200|
|Day's Range||370.68 - 376.43|
|52 Week Range||292.47 - 446.01|
|Beta (3Y Monthly)||1.33|
|PE Ratio (TTM)||21.36|
|Earnings Date||Jul 24, 2019|
|Forward Dividend & Yield||8.22 (2.20%)|
|1y Target Est||413.57|
The embattled industrial giant is scheduled to release second-quarter earnings results ahead of the opening bell, and all of the attention will be on the troubled 737 MAX jets and Boeing’s full-year outlook.
Earnings growth to slow down Southwest Airlines (LUV) plans to report its fiscal 2019 second-quarter results on July 25. Analysts estimate that the earnings growth rate could slow down in the quarter.
American Airlines (AAL) will report its fiscal 2019 second-quarter earnings results on July 25. Analysts expect its revenue and earnings to mark significant YoY (year-over-year) improvement despite Boeing’s (BA) grounded 737 MAX jets. Wall Street expects AAL to report EPS of $1.80, a YoY increase of 10.1%. Wall Street's earnings growth predictions suggest a sharp […]
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The S&P 500 climbed toward a record high on Monday, supported by expectations of lower interest rates, while investors awaited quarterly earnings from marquee companies Facebook, Alphabet and Amazon later this week. Facebook Inc rallied 2.0% ahead of its report due out after the bell on Wednesday, while Amazon.com Inc and Google-parent Alphabet Inc were each up more than 0.7% ahead of their reports on Thursday. Investors' reactions to the reports of these top-tier growth companies could affect broader market sentiment, with the S&P 500 about 1% below its July 15 record high close.
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(Bloomberg) -- Boeing Co.’s credit rating is at risk as the grounding of the company’s 737 Max jetliner drags into a fifth month, with Moody’s Investors Service joining Fitch Ratings in sounding a warning.The planemaker faces a $5 billion cash-flow drain this year as it continues to churn out aircraft it can’t deliver until regulators around the globe clear the Max to resume commercial flights, Moody’s said in a statement Monday. Like Fitch, Moody’s affirmed Boeing’s rating at the sixth-highest level of investment quality while cutting the outlook to negative.“Financial risk relative to the company’s pre-grounding profile has meaningfully increased, and the resolution and ultimate impact for Boeing, both financially and reputationally, remain unknown,” Moody’s said.The grounding of Boeing’s best-selling jet will clip operating margins for years to come, while posing a significant public-relations challenge that will linger into next year and beyond, Fitch said earlier in the day. Uncertainty around the return to service of the Max and the “growing logistical challenge” of getting parked planes back in the air threaten Boeing’s credit, Fitch said. There’s also a risk that the company will have to make costlier concessions to airlines.Boeing’s bonds were unchanged after the Fitch and Moody’s reports. The cost to protect its debt against default for five years rose 1.6 basis points, according to data provider CMA.The manufacturer’s benchmark 10-year bond has traded higher since the March 10 crash of an Ethiopian Airlines jet, the second Max accident in a five-month span. The notes were last quoted at 103 cents on the dollar, according to Trace. Boeing was able to sell $3.5 billion of new debt in April, boosting the size of the transaction amid strong demand.Share DeclineThe shares fell 1% to $373.42 at the close in New York.Regulators around the world banned the Max from flying in March after the Ethiopia crash. A total of 346 people died in the two accidents.Boeing last week disclosed a $4.9 billion after-tax charge to cover potential consideration for Max customers forced to cancel thousands of flights or line up replacement aircraft. S&P Global Ratings said last week that the charge, which is $5.6 billion on a pretax basis, wouldn’t affect Boeing’s credit ratings. But S&P warned that more damaging effects to the company’s finances or a “substantial loss” in market share to the 737 could warrant a downgrade.Like S&P, Fitch rates Boeing as an A. Moody’s grades it at an equivalent level of A2.To contact the reporters on this story: Molly Smith in New York at email@example.com;Julie Johnsson in Chicago at firstname.lastname@example.orgTo contact the editors responsible for this story: Brendan Case at email@example.com, Susan WarrenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The aircraft maker and its CEO, Dennis Muilenburg, are weathering a storm, but for investors, there's no need to grab your parachute just yet!
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Boeing's (BA) lackluster delivery performance and after-tax charges pertaining to the 737 MAX grounding and associated delivery delays are expected to dampen its bottom line in second-quarter 2019.
Lockheed Martin's (LMT) second-quarter 2019 results are likely to benefit from the projected higher volume of F-35 deliveries.