$24.24 Billion in Sales Expected for Boeing Company (The) (BA) This Quarter

Wall Street brokerages expect that Boeing Company (The) (NYSE:BA) will announce sales of $24.24 billion for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Boeing Company (The)’s earnings. The lowest sales estimate is $23.93 billion and the highest is $24.40 billion. Boeing Company (The) posted sales of $23.29 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 4.1%. The firm is scheduled to announce its next earnings results on Wednesday, January 24th.

On average, analysts expect that Boeing Company (The) will report full-year sales of $24.24 billion for the current financial year, with estimates ranging from $91.81 billion to $92.67 billion. For the next fiscal year, analysts expect that the company will post sales of $93.50 billion per share, with estimates ranging from $91.55 billion to $95.18 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Boeing Company (The).

Boeing Company (The) (NYSE:BA) last issued its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.65 by $0.07. Boeing Company (The) had a net margin of 7.33% and a return on equity of 12,064.25%. The firm had revenue of $24.31 billion for the quarter, compared to analyst estimates of $24.09 billion. During the same quarter last year, the business posted $3.51 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis.

Several research firms recently weighed in on BA. Vetr cut shares of Boeing Company (The) from a “hold” rating to a “sell” rating and set a $223.75 price target on the stock. in a report on Wednesday, July 26th. Zacks Investment Research lowered shares of Boeing Company (The) from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Cowen and Company reissued a “buy” rating and issued a $315.00 price target on shares of Boeing Company (The) in a research report on Thursday, October 26th. ValuEngine raised shares of Boeing Company (The) from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Credit Suisse Group raised shares of Boeing Company (The) from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $200.00 to $300.00 in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $255.94.

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Boeing Company (The) 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 during the last quarter. State Street Corp raised its position in shares of Boeing Company (The) by 0.3% during the 1st quarter. State Street Corp now owns 28,433,353 shares of the aircraft producer’s stock worth $5,028,731,000 after purchasing an additional 87,850 shares during the period. Jennison Associates LLC raised its position in shares of Boeing Company (The) by 20.3% during the 3rd quarter. Jennison Associates LLC now owns 6,873,128 shares of the aircraft producer’s stock worth $1,747,218,000 after purchasing an additional 1,160,859 shares during the period. Janus Henderson Group PLC raised its position in shares of Boeing Company (The) by 7,215.0% during the 2nd quarter. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer’s stock worth $972,919,000 after purchasing an additional 4,852,679 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of Boeing Company (The) by 13.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,424,281 shares of the aircraft producer’s stock worth $870,618,000 after purchasing an additional 402,240 shares during the period. Institutional investors own 71.51% of the company’s stock.

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Shares of Boeing Company (NYSE:BA) traded down $1.85 during midday trading on Wednesday, reaching $260.85. 1,740,500 shares of the company were exchanged, compared to its average volume of 3,312,178. Boeing Company has a fifty-two week low of $144.46 and a fifty-two week high of $267.62. The company has a market capitalization of $156,458.48, a P/E ratio of 26.94, a PEG ratio of 2.00 and a beta of 1.22. The company has a debt-to-equity ratio of 8.54, a current ratio of 1.18 and a quick ratio of 0.39.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be paid a $1.42 dividend. The ex-dividend date is Thursday, November 9th. This represents a $5.68 annualized dividend and a yield of 2.18%. Boeing Company (The)’s payout ratio is currently 52.21%.

Boeing Company (The) Company Profile

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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Earnings History and Estimates for Boeing Company (The) (NYSE:BA)

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