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.

TRADEMARK VIOLATION NOTICE: This story was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/06/19/zacks-analysts-anticipate-boeing-co-ba-will-announce-earnings-of-2-37-per-share.html.

About Boeing

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.

Get a free copy of the Zacks research report on Boeing (BA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Boeing Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing Co and related companies with MarketBeat.com's FREE daily email newsletter.