Zacks: Analysts Anticipate Boeing Co (BA) Will Post Quarterly Sales of $22.41 Billion

Equities analysts forecast that Boeing Co (NYSE:BA) will report sales of $22.41 billion for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Boeing’s earnings, with the lowest sales estimate coming in at $21.98 billion and the highest estimate coming in at $22.95 billion. Boeing posted sales of $20.98 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 6.8%. The firm is expected to issue its next earnings results on Wednesday, April 25th.

On average, analysts expect that Boeing will report full year sales of $22.41 billion for the current year, with estimates ranging from $96.76 billion to $97.92 billion. For the next fiscal year, analysts anticipate that the business will report sales of $102.06 billion per share, with estimates ranging from $97.53 billion to $104.33 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover 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, topping analysts’ consensus estimates of $2.91 by $1.89. The firm had revenue of $25.37 billion for the quarter, compared to analyst estimates of $24.78 billion. Boeing had a net margin of 8.78% and a negative return on equity of 11,050.62%. Boeing’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.47 earnings per share.

A number of research firms recently weighed in on BA. Vetr upgraded shares of Boeing from a “hold” rating to a “buy” rating and set a $369.18 price target on the stock in a research report on Tuesday. Edward Jones upgraded shares of Boeing from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th. Buckingham Research set a $289.00 price target on shares of Boeing and gave the stock a “hold” rating in a research report on Thursday, February 8th. Berenberg Bank set a $415.00 target price on shares of Boeing and gave the company a “buy” rating in a report on Monday, February 5th. Finally, Jefferies Group boosted their target price on shares of Boeing from $27.00 to $400.00 and gave the company a “buy” rating in a report on Monday, February 5th. Ten 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 a consensus target price of $354.25.

In other news, CFO Gregory D. Smith sold 36,079 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $337.43, for a total value of $12,174,136.97. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.28% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Riverpoint Wealth Management Holdings LLC increased its position in shares of Boeing by 0.3% in the 2nd quarter. Riverpoint Wealth Management Holdings LLC now owns 1,438 shares of the aircraft producer’s stock valued at $293,000 after purchasing an additional 4 shares during the last quarter. Arete Wealth Advisors LLC increased its position in shares of Boeing by 0.4% in the 2nd quarter. Arete Wealth Advisors LLC now owns 2,404 shares of the aircraft producer’s stock valued at $475,000 after purchasing an additional 9 shares during the last quarter. High Falls Advisors Inc increased its position in shares of Boeing by 0.3% in the 2nd quarter. High Falls Advisors Inc now owns 3,520 shares of the aircraft producer’s stock valued at $696,000 after purchasing an additional 11 shares during the last quarter. Arcus Capital Partners LLC increased its position in shares of Boeing by 0.7% in the 2nd quarter. Arcus Capital Partners LLC now owns 1,640 shares of the aircraft producer’s stock valued at $324,000 after purchasing an additional 12 shares during the last quarter. Finally, Strategic Advisors LLC increased its position in shares of Boeing by 1.0% in the 2nd quarter. Strategic Advisors LLC now owns 2,021 shares of the aircraft producer’s stock valued at $400,000 after purchasing an additional 20 shares during the last quarter. 70.88% of the stock is currently owned by hedge funds and other institutional investors.

Boeing (NYSE:BA) opened at $353.35 on Wednesday. The firm has a market cap of $208,937.59, a PE ratio of 26.23, a P/E/G ratio of 1.84 and a beta of 1.44. Boeing has a 52-week low of $173.68 and a 52-week high of $361.45. The company has a debt-to-equity ratio of 23.74, a quick ratio of 0.37 and a current ratio of 1.16.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 9th will be paid a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 1.94%. This is an increase from Boeing’s previous quarterly dividend of $1.42. The ex-dividend date is Thursday, February 8th. Boeing’s payout ratio is 50.78%.

Boeing announced that its board has initiated a share repurchase plan on Monday, December 11th that authorizes the company to repurchase $18.00 billion in outstanding shares. This repurchase authorization authorizes the aircraft producer to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

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Boeing 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 (NYSE:BA)

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