Deutsche Bank analyst Myles Walton expects Boeing's board to announce the outcome of their annual capital deployment meeting on December 14. He believes the company will boost its dividend by 15% and increase its outstanding share repurchase authorization to $12B from the around $5B remaining. Walton views the capital deployment decision as a year-end catalyst for Boeing shares. He keeps a Buy rating on the name with a $175 price target.
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Reports Q1 revenue $16.6B, consensus $15.22B. "Our first quarter results reflect the immediate actions we've taken to slow down 737 production to drive improvements in quality," said Dave Calhoun, Boeing president and CEO. "We will take the time necessary to strengthen our quality and safety management systems and this work will position us for a stronger and more stable future."
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
Boeing (BA) is expected to report results on its fiscal first quarter on Wednesday, April 24, with a conference call scheduled for 10:30 am EDT. What to watch... To see the rest of the story go to thefly.com. See Story Here
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here