The Boeing Company Announces Quarterly Dividend of $0.73 (BA)
The Boeing Company (NYSE:BA) announced a quarterly dividend on Monday, June 23rd, Analyst RN reports. Shareholders of record on Friday, August 8th will be paid a dividend of 0.73 per share on Friday, September 5th. This represents a $2.92 annualized dividend and a dividend yield of 2.21%.
Several analysts have recently commented on the stock. Analysts at RBC Capital downgraded shares of The Boeing Company from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, June 11th. They now have a $145.00 price target on the stock, up previously from $137.25. They noted that the move was a valuation call. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of The Boeing Company in a research note on Friday, June 6th. They now have a $144.00 price target on the stock. Finally, analysts at Sterne Agee reiterated a “buy” rating on shares of The Boeing Company in a research note on Monday, June 2nd. They now have a $164.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The Boeing Company presently has an average rating of “Buy” and a consensus price target of $152.32.
The Boeing Company (NYSE:BA) traded down 0.95% during mid-day trading on Monday, hitting $130.85. 2,645,822 shares of the company’s stock traded hands. The Boeing Company has a 1-year low of $96.31 and a 1-year high of $144.57. The stock’s 50-day moving average is $133. and its 200-day moving average is $131.1. The company has a market cap of $95.419 billion and a price-to-earnings ratio of 22.77.
The Boeing Company (NYSE:BA) last released its earnings data on Wednesday, April 23rd. The company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.20. The company had revenue of $20.47 billion for the quarter, compared to the consensus estimate of $20.56 billion. During the same quarter in the previous year, the company posted $1.73 earnings per share. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. Analysts expect that The Boeing Company will post $7.63 EPS for the current fiscal year.
The Boeing Company (NYSE:BA), is an aerospace company.
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