Equities analysts expect Boeing Co (NYSE:BA) to announce sales of $19.48 billion for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Boeing’s earnings. The highest sales estimate is $20.26 billion and the lowest is $18.66 billion. Boeing posted sales of $24.26 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 19.7%. The company is scheduled to issue its next earnings results on Wednesday, July 24th.
On average, analysts expect that Boeing will report full-year sales of $98.87 billion for the current financial year, with estimates ranging from $92.02 billion to $102.58 billion. For the next fiscal year, analysts expect that the business will post sales of $118.28 billion, with estimates ranging from $115.95 billion to $122.74 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Boeing.
Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $3.11 by $0.05. The business had revenue of $22.92 billion for the quarter, compared to the consensus estimate of $23.04 billion. Boeing had a net margin of 10.06% and a negative return on equity of 1,857.97%. Boeing’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period last year, the company posted $3.64 EPS.
A number of analysts recently weighed in on BA shares. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $430.00 price target on shares of Boeing in a research report on Thursday, April 25th. Tigress Financial reiterated a “buy” rating on shares of Boeing in a research report on Wednesday, March 27th. Morgan Stanley increased their price target on shares of Boeing from $450.00 to $500.00 and gave the company an “overweight” rating in a research report on Thursday, February 28th. Nord/LB reiterated a “sell” rating and issued a $300.00 price target on shares of Boeing in a research report on Wednesday, March 13th. Finally, UBS Group set a $525.00 target price on shares of Boeing and gave the stock a “buy” rating in a report on Friday, March 8th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company. Boeing currently has an average rating of “Hold” and a consensus target price of $413.01.
Hedge funds have recently made changes to their positions in the business. Lenox Wealth Management Inc. raised its holdings in shares of Boeing by 2.6% in the first quarter. Lenox Wealth Management Inc. now owns 1,089 shares of the aircraft producer’s stock valued at $415,000 after purchasing an additional 28 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of Boeing by 1.0% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 2,851 shares of the aircraft producer’s stock valued at $919,000 after purchasing an additional 29 shares during the last quarter. Wealth Architects LLC grew its stake in shares of Boeing by 4.2% in the first quarter. Wealth Architects LLC now owns 726 shares of the aircraft producer’s stock valued at $277,000 after buying an additional 29 shares in the last quarter. Cardan Capital Partners LLC grew its stake in shares of Boeing by 1.9% in the first quarter. Cardan Capital Partners LLC now owns 1,607 shares of the aircraft producer’s stock valued at $613,000 after buying an additional 30 shares in the last quarter. Finally, Howe & Rusling Inc. grew its stake in shares of Boeing by 1.3% in the fourth quarter. Howe & Rusling Inc. now owns 2,416 shares of the aircraft producer’s stock valued at $779,000 after buying an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 68.95% of the company’s stock.
Shares of NYSE:BA traded up $1.21 during mid-day trading on Thursday, reaching $355.02. The stock had a trading volume of 5,281,818 shares, compared to its average volume of 5,081,937. The company has a market capitalization of $199.74 billion, a price-to-earnings ratio of 22.17, a P/E/G ratio of 2.20 and a beta of 1.30. The company has a debt-to-equity ratio of 48.98, a current ratio of 1.07 and a quick ratio of 0.29. Boeing has a twelve month low of $292.47 and a twelve month high of $446.01.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 10th will be issued a dividend of $2.055 per share. The ex-dividend date is Thursday, May 9th. This represents a $8.22 annualized dividend and a yield of 2.32%. Boeing’s dividend payout ratio (DPR) is currently 51.34%.
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
Featured Story: How prevalent are 12b-1 fees?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.