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NEW YORK (

TheStreet

)

-- Boeing

(NYSE:

BA

) has been reiterated by TheStreet Ratings as a buy with a ratings score of A. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, compelling growth in net income and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

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    Highlights from the ratings report include:

      • The revenue growth came in higher than the industry average of 5.1%. Since the same quarter one year prior, revenues rose by 30.0%. Growth in the company's revenue appears to have helped boost the earnings per share.
      • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Aerospace & Defense industry and the overall market, BOEING CO's return on equity significantly exceeds that of both the industry average and the S&P 500.
      • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Aerospace & Defense industry. The net income increased by 57.5% when compared to the same quarter one year prior, rising from $586.00 million to $923.00 million.
      • Net operating cash flow has significantly increased by 187.82% to $837.00 million when compared to the same quarter last year. In addition, BOEING CO has also vastly surpassed the industry average cash flow growth rate of 58.86%.
      • BOEING CO reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. However, we anticipate underperformance relative to this pattern in the coming year. During the past fiscal year, BOEING CO increased its bottom line by earning $5.32 versus $4.44 in the prior year. For the next year, the market is expecting a contraction of 13.6% in earnings ($4.60 versus $5.32).

      TheStreet Recommends

      The Boeing Company, together with its subsidiaries, engages in the design, development, manufacture, sale, and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company has a P/E ratio of 12.4, equal to the average aerospace/defense industry P/E ratioand below the S&P 500 P/E ratio of 17.7. Boeing has a market cap of $53.46 billion and is part of the

      industrial goods

      sector and

      aerospace/defense

      industry. Shares are down 2.7% year to date as of the close of trading on Friday.

      You can view the full

      Boeing Ratings Report

      or get investment ideas from our

      investment research center

      .

      --Written by a member of TheStreet Ratings Staff.

      TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

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