|Bid||372.27 x 3000|
|Ask||372.24 x 1200|
|Day's range||370.68 - 376.43|
|52-week range||292.47 - 446.01|
|Beta (3Y monthly)||1.33|
|PE ratio (TTM)||21.31|
|Forward dividend & yield||8.22 (2.20%)|
|1y target est||N/A|
Ryanair's Irish pilot union on Tuesday began a ballot of members on possible strike action with results due by Aug. 9, the FORSA-IALPA union said in a statement. The ballot follows a decision by Ryanair pilots in Britain, the Irish airline's largest market, earlier this month to hold a similar ballot in a dispute over pay and conditions. Pilots at British Airways have already voted for strike action in a dispute over pay.
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 […]
Raytheon's (RTN) second-quarter 2019 results are likely to benefit from steady order growth. Yet, poor margin performance at two of its major segments might limit earnings growth.
Boeing's (BA) defense unit is likely to deliver impressive performance in second-quarter 2019, courtesy of solid order growth, increased deliveries of KC-46 tankers and expectations for improved margins.
Eaton (ETN) decides to acquire the Souriau-Sunbank Connection Technologies business from TransDigm Group for $920 million. This buyout is likely to help it expand the aerospace business.
Investors have been holding their breath for a Fed rate cut for a while now. But are they prepared in the event that that doesn't happen?
(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 firstname.lastname@example.org;Julie Johnsson in Chicago at email@example.comTo contact the editors responsible for this story: Brendan Case at firstname.lastname@example.org, 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!
Boeing and Lockheed Martin are competing for a $15 billion order. Defense spending is expected to increase as India's armed forces modernize.
The European Union is keen to work with Washington to reform the World Trade Organization and cooperate on common challenges to global trade, but will retaliate if Washington makes good on its threat to raise car tariffs, a top EU official said on Monday. Sabine Weyand, the European Commission's director general of trade and former deputy Brexit negotiatior, struck a conciliatory but firm tone in remarks during her first official visit to Washington since taking on her new role a month ago.
Investing.com – Tech stocks moved higher on Monday, but the rest of the stock market seemed to stand still.
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.
The revision, which comes on the heels of Boeing's nearly $5 billion charge related to the grounding, could potentially increase borrowing costs for the world's largest planemaker. Both the ratings agencies, however, retained their investment grade credit rating on Boeing debt, given the company's liquidity, financial flexibility and dominant position in the market. Fitch has an 'A'/'F1' rating on Boeing debt, while Moody's has an 'A2' rating.
General Dynamics (GD) has been witnessing higher interest expenses over the past few quarters, primarily due to the debt issued to finance the acquisition of CSRA Inc.
Giant market players like Facebook (FB), Alphabet (GOOGL), Boeing (BA), Amazon (AMZN) and Tesla (TSLA) will be among those reporting this week.