Zacks: Analysts Anticipate Boeing Co (BA) Will Announce Earnings of $2.37 Per Share
Equities analysts expect that Boeing Co (NYSE:BA) will report earnings per share of $2.37 for the current quarter, Zacks reports. Five analysts have made estimates for Boeing’s earnings. The highest EPS estimate is $2.57 and the lowest is $2.29. Boeing posted earnings of ($0.44) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 638.6%. The firm is expected to report its next quarterly earnings results on Wednesday, July 26th.
According to Zacks, analysts expect that Boeing will report full year earnings of $9.41 per share for the current financial year, with EPS estimates ranging from $9.25 to $9.65. For the next year, analysts anticipate that the firm will report earnings of $10.23 per share, with EPS estimates ranging from $9.00 to $10.92. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Boeing.
Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, April 26th. The aircraft producer reported $2.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.91 by $0.10. The business had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.27 billion. Boeing had a net margin of 6.92% and a return on equity of 1,274.55%. The firm’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.74 earnings per share.
Several equities analysts have recently commented on the stock. Vetr lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $202.94 price objective on the stock. in a report on Thursday. Cowen and Company reiterated an “outperform” rating and set a $215.00 target price on shares of Boeing in a report on Tuesday, June 13th. ValuEngine upgraded shares of Boeing from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Barclays PLC increased their target price on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, May 22nd. Finally, Deutsche Bank AG increased their target price on shares of Boeing from $205.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Six research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company. Boeing currently has an average rating of “Hold” and a consensus price target of $167.65.
Shares of Boeing (NYSE BA) traded up 1.34% during mid-day trading on Monday, reaching $199.07. 1,315,741 shares of the company’s stock traded hands. The company’s 50-day moving average price is $186.13 and its 200-day moving average price is $172.90. The stock has a market capitalization of $120.15 billion, a PE ratio of 24.53 and a beta of 1.14. Boeing has a 12-month low of $122.35 and a 12-month high of $199.47. Boeing also was the recipient of unusually large options trading activity on Friday. Stock investors bought 3,818 call options on the stock. This represents an increase of 270% compared to the average volume of 1,031 call options.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 2nd. Shareholders of record on Friday, May 12th were given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 2.89%. The ex-dividend date was Wednesday, May 10th. Boeing’s payout ratio is currently 69.61%.
In other Boeing news, EVP J Michael Luttig sold 7,986 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $183.78, for a total transaction of $1,467,667.08. Following the transaction, the executive vice president now directly owns 39,251 shares of the company’s stock, valued at approximately $7,213,548.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Bertrand Marc Allen sold 15,470 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $183.62, for a total transaction of $2,840,601.40. Following the transaction, the senior vice president now directly owns 43,801 shares in the company, valued at $8,042,739.62. The disclosure for this sale can be found here. Insiders have sold a total of 63,403 shares of company stock worth $11,666,138 over the last three months. 0.28% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in shares of Boeing during the fourth quarter valued at about $106,000. Thomas J. Herzfeld Advisors Inc. acquired a new position in shares of Boeing during the fourth quarter valued at about $109,000. Proficio Capital Partners LLC increased its position in shares of Boeing by 181.9% in the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock valued at $115,000 after buying an additional 402 shares during the last quarter. MCF Advisors LLC increased its position in shares of Boeing by 9.5% in the first quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock valued at $126,000 after buying an additional 62 shares during the last quarter. Finally, SRS Capital Advisors Inc. increased its position in shares of Boeing by 16.9% in the first quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock valued at $131,000 after buying an additional 107 shares during the last quarter. 73.13% of the stock is currently owned by institutional investors.
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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