The Plancorp LLC Has $8155000 Position in Boeing Company (The) (BA)

Boeing Co., which has been in the midst of cost-cutting efforts in its commercial planes division, beat analysts' estimates with fourth-quarter revenue of $23.3 billion and said it plans to deliver between 760 and 765 commercial planes this year - roughly a dozen more than it brought to customers last year.

The aerospace firm posted core earnings, a non-GAAP measure, of $2.47 per share, compared with the prior-year period's $ 1.60 per share.

The company said its bottom line rose to $2.06 billion, or $2.47 per share.

It forecast 2017 core earnings of between $9.10 and $9.30 a share, which exclude some pension and other costs, on revenue of $90.5 billion to $92.5 billion. According to these analysts, the Low Revenue Estimate for Kellogg Company is 3 Billion and the High Revenue Estimate is 3.15 Billion.

Both big plane makers have order backlogs that will last for years.

Plancorp LLC boosted its position in Boeing Company (The) (NYSE:BA) by 5.8% during the third quarter, Holdings Channel reports. Commercial revenues are forecast at $62.5 billion to $63.5 billion for 2017, compared with $65.07 billion in 2016.

The quarterly report received a positive reception on Wall Street: Boeing's share price was up more than 4 percent at midday.

Boeing's deferred production costs on the 787 program fell to $27.31 billion, down by $210 million sequentially.

In Muilenburg's view, more business with China resulting from partnerships such as the 737 completions center means more USA manufacturing jobs.

Boeing has had to make modifications to the tanker design in the course of development - but Dennis Muilenburg, the company's chairman, president and CEO, said the KC-46 will be "a great long-term franchise program".

-Earnings (Q4): $2.06 Bln. vs. $1.26 Bln. previous year. The Company operates in five segments: Commercial airplanes; Defense, Space & Security (BDS) business, such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). Year-to-date, BA has gained 3.13%, versus a 1.82% rise in the benchmark S&P 500 index during the same period.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 3rd. This represents a $5.68 dividend on an annualized basis and a yield of 3.65%. The stock's market capitalization is 97.41B, it has a 52-week low of 102.10 and a 52-week high of 160.30. Vetr upgraded Boeing Company (The) from a "sell" rating to a "hold" rating and set a $153.66 price target on the stock in a research note on Thursday, December 22nd.


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