Equities research analysts expect that Boeing Co (NYSE:BA) will report $2.73 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Boeing’s earnings, with estimates ranging from $2.21 to $3.06. Boeing reported earnings per share of $2.01 during the same quarter last year, which suggests a positive year over year growth rate of 35.8%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that Boeing will report full year earnings of $13.95 per share for the current year, with EPS estimates ranging from $12.94 to $14.27. For the next year, analysts anticipate that the firm will report earnings of $16.34 per share, with EPS estimates ranging from $14.59 to $17.20. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Boeing.
Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.91 by $1.89. The business had revenue of $25.37 billion for the quarter, compared to the consensus estimate of $24.78 billion. Boeing had a negative return on equity of 11,050.62% and a net margin of 8.78%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.47 EPS.
Several equities analysts have recently issued reports on the company. Bank of America reissued a “buy” rating and issued a $470.00 price objective (up previously from $395.00) on shares of Boeing in a report on Thursday, February 1st. Credit Suisse Group set a $443.00 price objective on Boeing and gave the company an “outperform” rating in a report on Thursday, February 1st. Canaccord Genuity boosted their price objective on Boeing from $290.00 to $345.00 and gave the company a “hold” rating in a report on Thursday, February 1st. Societe Generale set a $373.00 price objective on Boeing and gave the company a “neutral” rating in a report on Thursday, February 1st. Finally, Sanford C. Bernstein boosted their price objective on Boeing from $402.00 to $422.00 in a report on Friday, February 2nd. Ten equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $353.24.
Boeing (NYSE:BA) opened at $355.04 on Monday. The stock has a market capitalization of $208,937.59, a PE ratio of 26.36, a PEG ratio of 1.84 and a beta of 1.44. The company has a quick ratio of 0.37, a current ratio of 1.16 and a debt-to-equity ratio of 23.74. Boeing has a fifty-two week low of $170.40 and a fifty-two week high of $361.45.
Boeing declared that its board has authorized a share repurchase program on Monday, December 11th that allows the company to repurchase $18.00 billion in shares. This repurchase authorization allows the aircraft producer to reacquire shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 9th will be issued a $1.71 dividend. This is a boost from Boeing’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $6.84 dividend on an annualized basis and a yield of 1.93%. Boeing’s dividend payout ratio is presently 50.78%.
In other Boeing news, CFO Gregory D. Smith sold 36,079 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $337.43, for a total transaction of $12,174,136.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.28% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Boeing by 1.0% in the second quarter. Vanguard Group Inc. now owns 40,412,706 shares of the aircraft producer’s stock valued at $7,991,613,000 after purchasing an additional 407,511 shares in the last quarter. BlackRock Inc. grew its position in shares of Boeing by 2.1% in the fourth quarter. BlackRock Inc. now owns 35,515,544 shares of the aircraft producer’s stock valued at $10,473,889,000 after purchasing an additional 713,832 shares in the last quarter. Jennison Associates LLC grew its position in shares of Boeing by 20.3% in the third quarter. Jennison Associates LLC now owns 6,873,128 shares of the aircraft producer’s stock valued at $1,747,218,000 after purchasing an additional 1,160,859 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Boeing by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 5,811,840 shares of the aircraft producer’s stock valued at $1,710,303,000 after purchasing an additional 296,949 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of Boeing by 7,215.0% in the second quarter. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer’s stock valued at $972,919,000 after purchasing an additional 4,852,679 shares in the last quarter. 70.88% of the stock is owned by institutional investors and hedge funds.
The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.
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