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.

Related:

  • Japan's military launches first communications satellite

    The ministry says it is the first of three satellites that will replace three civilian ones now used by Japan's military. The satellite is now able to operate above Pacific Ocean, where as Kirameki-3 satellite will operate over japan .

    Madonna applies to adopt two children from Malawi

    She founded the non-profit group Raising Malawi in 2006 to provide health and education programmes aimed mostly at girls. Although, it's pretty much just a waiting game now to see if the 58-year-old's petition is approved.

    Tiger Woods signs on with TaylorMade

    Woods odds to win this week are 30/1, the same odds as rival Phil Mickelson and only worse than nine other players in the field. The 27-year old Londoner earned his PGA Tour card by qualifying late last year via the finals of the secondary Web.Com Tour.
  • Dow hits 20000 for first time ever

    The Russell 2000 of smaller stocks is up an astounding 38.6 percent over the last 12 months, versus 26.3 percent for the Dow. Corporate earnings added to the bullish sentiment, with Boeing the latest company to post results that topped expectations.
    At least eight dead after Somali hotel assault

    At least eight dead after Somali hotel assault

    Abukar Osman with the Somali Police Force. "We have rescued the people and concluded the operation at Dayah hotel", he said. Dr Duniye Mohamed, a doctor at Madina hospital, said some of the people taken there were very seriously wounded.

    Dayton expected to address questions over health after fainting episode

    The 69-year-old Democrat is home with his family and plans to present his 2017 budget Tuesday morning as planned. Gazelka also thinks Dayton's budget calls for too much new spending.
  • The Rising Stars Challenge lineups again pits the U.S. against global players

    Milwaukee Bucks guard Malcolm Brogdon has made the Team USA roster for the Rising Stars all-star game. Team, which features the likes of Karl-Anthony Towns , Brandon Ingram , and D'Angelo Russell.
    Bob Evans Farms sells restaurants as they go private

    Bob Evans Farms sells restaurants as they go private

    Bob Evans Farms Inc says that cash proceeds after taxes and transaction costs will range from $475 million to $485 million . The investment firm also thinks Golden Gate may explore a sale-leaseback arrangement with Bob Evans.
    Senate confirms Haley as United Nations  ambassador

    Senate confirms Haley as United Nations ambassador

    Haley is one of two minority women Trump nominated amid a pool of largely white men for Cabinet posts. She is being succeeded as South Carolina's governor by Republican Lieutenant Governor Henry McMaster.
  • The difference between the Chiefs and Patriots against the Steelers

    While relatively quiet for most of the game , LeGarrett Blount picked up a touchdown on 47 yards rushing. Now, six years later, Hogan is a key contributor on the Super Bowl 51 bound New England Patriots.

    Weekly US oil inventories jump sharply

    The American Petroleum Institute, an industry group, had reported a 2.9 million barrel increase in crude stockpiles late Tuesday. However, gasoline stocks surged 6.8 million barrels, compared with expectations in a Reuters poll for a 498,000-barrel gain.
    'The New Edition Story': BET's Movie Cast Members

    'The New Edition Story': BET's Movie Cast Members

    New Edition: The Movie Part I airs Tuesday, January 24 at 8pm on BET . Tank: My young thunder cat Luke James ( who plays Johnny Gill ).

Comments

Other news