Zacks: Brokerages Expect Boeing Company (The) (BA) to Announce $2.32 EPS
Wall Street brokerages predict that Boeing Company (The) (NYSE:BA) will post $2.32 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Boeing Company (The)’s earnings. The highest EPS estimate is $2.45 and the lowest is $2.18. Boeing Company (The) posted earnings of ($0.44) per share in the same quarter last year, which would suggest a positive year over year growth rate of 627.3%. The firm is expected to issue its next earnings results before the market opens on Wednesday, July 26th.
On average, analysts expect that Boeing Company (The) will report full-year earnings of $9.43 per share for the current year, with EPS estimates ranging from $9.20 to $9.65. For the next fiscal year, analysts anticipate that the business will post earnings of $10.23 per share, with EPS estimates ranging from $9.00 to $10.92. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow Boeing Company (The).
Boeing Company (The) (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 26th. The aircraft producer reported $2.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.91 by $0.10. The firm had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.27 billion. Boeing Company (The) had a return on equity of 495.68% and a net margin of 5.52%. The firm’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.74 earnings per share.
A number of brokerages have commented on BA. Barclays PLC restated an “overweight” rating and set a $190.00 price target (up previously from $175.00) on shares of Boeing Company (The) in a research note on Thursday, March 16th. Canaccord Genuity reaffirmed a “hold” rating and set a $162.00 target price on shares of Boeing Company (The) in a report on Friday, March 17th. Vetr raised shares of Boeing Company (The) from a “sell” rating to a “hold” rating and set a $172.03 price target on the stock in a research report on Tuesday, March 21st. Jefferies Group LLC reissued a “buy” rating and set a $200.00 price target on shares of Boeing Company (The) in a research report on Thursday, March 23rd. Finally, Berenberg Bank began coverage on shares of Boeing Company (The) in a research report on Wednesday, March 29th. They set a “buy” rating and a $202.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $179.58.
In other Boeing Company (The) news, EVP Leanne G. Caret sold 2,400 shares of the company’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $182.73, for a total value of $438,552.00. Following the completion of the sale, the executive vice president now directly owns 44,710 shares in the company, valued at approximately $8,169,858.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Gregory L. Hyslop sold 5,047 shares of the company’s stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $182.83, for a total value of $922,743.01. Following the completion of the sale, the senior vice president now owns 8,829 shares of the company’s stock, valued at $1,614,206.07. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,403 shares of company stock valued at $11,666,138. Corporate insiders own 0.28% of the company’s stock.
A number of institutional investors have recently bought and sold shares of BA. Cigna Investments Inc. New purchased a new position in Boeing Company (The) during the fourth quarter valued at about $3,339,000. CHURCHILL MANAGEMENT Corp raised its stake in Boeing Company (The) by 100.7% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 38,289 shares of the aircraft producer’s stock worth $6,772,000 after buying an additional 19,213 shares in the last quarter. GLG LLC bought a new stake in Boeing Company (The) during the fourth quarter worth about $4,988,000. American National Bank raised its stake in Boeing Company (The) by 30.6% in the first quarter. American National Bank now owns 28,410 shares of the aircraft producer’s stock worth $5,025,000 after buying an additional 6,661 shares in the last quarter. Finally, Alyeska Investment Group L.P. bought a new stake in Boeing Company (The) during the fourth quarter worth about $8,027,000. 73.11% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Boeing Company (NYSE BA) traded up 0.10% on Thursday, hitting $206.65. The company’s stock had a trading volume of 820,868 shares. Boeing Company has a 52 week low of $126.31 and a 52 week high of $207.00. The stock’s 50 day moving average price is $190.02 and its 200 day moving average price is $175.93. The stock has a market capitalization of $124.73 billion, a P/E ratio of 25.46 and a beta of 1.12.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Wednesday, August 9th. Boeing Company (The)’s payout ratio is presently 69.61%.
About Boeing Company (The)
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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