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Company Update: The Boeing Company (NYSE:BA) – Lockheed-Boeing venture orders 20 more Russian rocket engines

[Reuters] – United Launch Alliance, a joint venture of Lockheed Martin Corp and Boeing Co , on Wednesday said it ordered 20 additional RD-180 rocket engines from Russia, on top of 29 engines still being delivered. … Read more on this. The Boeing Company (BA) , valued at $96.52B, started trading this morning at $143.08. Today’s price range has been between $142.81 and $144.07 per share and has traded between $115.14 and $158.83 over the past year. Priced at 17.26x this year’s forecasted earnings, BA shares are relatively inexpensive compared to the industry’s 43.45x forward p/e ratio. The company pays shareholders $3.64 per share in dividend income per year, for a current yield of 2.61%. According to a consensus of 17 analysts, the earnings estimate of $2.17 per share would be $0.14 worse than the year-ago quarter and a $0.15 sequential decrease. Investors should also note that the full-year EPS estimate of $8.25 is a $0.35 worse 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 $23.35 Billion. If realized, that would be a 4.58% decrease over the year-ago quarter. In terms of ratings, Wells Fargo downgraded BA from Outperform to Market Perform (Dec 18, 2015). Previously, Standpoint Research Initiated BA at to Buy. Investors should keep in mind is that the average price target is $163.78, which is 14.47% above where the stock opened this morning. See more in (NYSE:BA) Similar Articles: Stock Update: The Boeing Company (NYSE:BA) – Boeing Business Jets Announces Four New BBJ MAX 8 Orders Company Update: The Boeing Company (NYSE:BA) – Lockheed-Boeing launch venture wins $882 mln U.S. contract Stock Update: The Boeing Company (NYSE:BA) – Boeing rejects Aerojet Rocketdyne bid for ULA launch venture
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