Wall Street brokerages expect that Boeing Co (NYSE:BA) will report $2.87 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Boeing’s earnings. The lowest EPS estimate is $2.72 and the highest is $3.06. Boeing reported earnings of $2.47 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 16.2%. The business is scheduled to report its next earnings results before the market opens on Wednesday, January 31st.
According to Zacks, analysts expect that Boeing will report full-year earnings of $10.11 per share for the current fiscal year, with EPS estimates ranging from $9.93 to $10.35. For the next financial year, analysts forecast that the company will report earnings of $11.05 per share, with EPS estimates ranging from $10.50 to $11.85. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Boeing.
Boeing (NYSE:BA) last released its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.65 by $0.07. The company had revenue of $24.31 billion for the quarter, compared to the consensus estimate of $24.09 billion. Boeing had a net margin of 7.33% and a return on equity of 12,064.25%. The company’s revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company posted $3.51 EPS.
A number of analysts recently weighed in on BA shares. Jefferies Group reiterated a “buy” rating and issued a $275.00 price target on shares of Boeing in a research report on Saturday, September 16th. Deutsche Bank increased their price target on shares of Boeing to $300.00 and gave the company a “buy” rating in a research report on Thursday, September 14th. Vetr downgraded shares of Boeing from a “strong-buy” rating to a “buy” rating and set a $269.69 price target on the stock. in a research report on Wednesday, September 13th. Cowen reiterated a “buy” rating and issued a $300.00 price target on shares of Boeing in a research report on Tuesday, September 12th. Finally, ValuEngine upgraded shares of Boeing from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $272.81.
Shares of Boeing (BA) traded down $1.44 during trading hours on Friday, hitting $294.91. 1,824,057 shares of the company were exchanged, compared to its average volume of 3,484,795. The firm has a market cap of $176,499.69, a P/E ratio of 27.11, a price-to-earnings-growth ratio of 2.25 and a beta of 1.24. The company has a quick ratio of 0.39, a current ratio of 1.18 and a debt-to-equity ratio of 8.54. Boeing has a 1-year low of $154.96 and a 1-year high of $299.33.
Boeing announced that its board has initiated a share repurchase program on Monday, December 11th that allows the company to buyback $18.00 billion in shares. This buyback authorization allows the aircraft producer to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 9th will be paid a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 2.32%. This is a boost from Boeing’s previous quarterly dividend of $1.42. The ex-dividend date is Thursday, February 8th. Boeing’s dividend payout ratio is presently 52.21%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Lipe & Dalton bought a new position in shares of Boeing during the 3rd quarter worth approximately $100,000. Burt Wealth Advisors bought a new position in shares of Boeing during the 3rd quarter worth approximately $100,000. Clear Perspective Advisors LLC grew its stake in shares of Boeing by 31.0% during the 2nd quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock worth $113,000 after acquiring an additional 135 shares in the last quarter. CWH Capital Management Inc. bought a new position in shares of Boeing during the 2nd quarter worth approximately $134,000. Finally, Catamount Wealth Management bought a new position in shares of Boeing during the 2nd quarter worth approximately $138,000. 70.84% of the stock is owned by institutional investors and hedge funds.
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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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