Wall Street brokerages expect Boeing Co (NYSE:BA) to report earnings per share of $1.81 for the current quarter, according to Zacks. Four analysts have issued estimates for Boeing’s earnings, with the highest EPS estimate coming in at $2.39 and the lowest estimate coming in at $1.38. Boeing reported earnings per share of $3.33 in the same quarter last year, which would suggest a negative year over year growth rate of 45.6%. The company is scheduled to issue its next earnings report on Wednesday, July 24th.

On average, analysts expect that Boeing will report full year earnings of $14.43 per share for the current financial year, with EPS estimates ranging from $11.85 to $16.37. For the next financial year, analysts expect that the firm will report earnings of $21.43 per share, with EPS estimates ranging from $16.80 to $23.55. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Boeing.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, April 24th. The aircraft producer reported $3.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.11 by $0.05. Boeing had a negative return on equity of 1,857.97% and a net margin of 10.06%. The firm had revenue of $22.92 billion during the quarter, compared to analyst estimates of $23.04 billion. During the same period in the previous year, the company earned $3.64 EPS. The company’s revenue for the quarter was down 2.0% on a year-over-year basis.

BA has been the subject of several analyst reports. Morgan Stanley boosted their target price on Boeing from $450.00 to $500.00 and gave the stock an “overweight” rating in a report on Thursday, February 28th. Goldman Sachs Group set a $393.00 price target on Boeing and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Nord/LB reiterated a “sell” rating and set a $300.00 price target on shares of Boeing in a report on Wednesday, March 13th. Edward Jones lowered Boeing from a “buy” rating to a “hold” rating in a report on Monday, March 11th. Finally, Citigroup started coverage on Boeing in a report on Wednesday, March 27th. They set a “buy” rating for the company. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Boeing currently has a consensus rating of “Hold” and an average target price of $407.97.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Paragon Capital Management LLC bought a new stake in Boeing in the first quarter valued at $25,000. Essex Investment Management Co. LLC bought a new stake in Boeing in the first quarter valued at $28,000. Nordea Investment Management AB grew its position in Boeing by 128.1% in the first quarter. Nordea Investment Management AB now owns 73 shares of the aircraft producer’s stock valued at $28,000 after acquiring an additional 41 shares during the period. WealthBridge Capital Management LLC grew its position in Boeing by 236.0% in the first quarter. WealthBridge Capital Management LLC now owns 84 shares of the aircraft producer’s stock valued at $30,000 after acquiring an additional 59 shares during the period. Finally, Ironwood Financial llc bought a new stake in Boeing in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 68.04% of the company’s stock.

BA traded down $2.30 on Wednesday, hitting $347.03. The company had a trading volume of 2,320,875 shares, compared to its average volume of 6,190,047. Boeing has a 1-year low of $292.47 and a 1-year high of $446.01. The company has a debt-to-equity ratio of 48.98, a quick ratio of 0.29 and a current ratio of 1.07. The firm has a market cap of $196.14 billion, a P/E ratio of 21.68, a price-to-earnings-growth ratio of 2.19 and a beta of 1.31.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 10th were given a dividend of $2.055 per share. This represents a $8.22 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend was Thursday, May 9th. Boeing’s dividend payout ratio is presently 51.34%.

About Boeing

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.

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Earnings History and Estimates for Boeing (NYSE:BA)

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