Boeing Company (The) (BA) to Release Earnings on Wednesday
Boeing Company (The) (NYSE:BA) will release its earnings data before the market opens on Wednesday, July 26th. Analysts expect Boeing Company (The) to post earnings of $2.32 per share for the quarter. Boeing Company (The) has set its FY17 guidance at $9.20-9.40 EPS.
Boeing Company (The) (NYSE:BA) last announced its earnings results on Wednesday, April 26th. The aircraft producer reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.10. The company had revenue of $20.98 billion for the quarter, compared to analyst estimates 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 company earned $1.74 earnings per share. On average, analysts expect Boeing Company (The) to post $9.38 EPS for the current fiscal year and $10.25 EPS for the next fiscal year.
Shares of Boeing Company (NYSE:BA) opened at 208.24 on Wednesday. The stock has a market cap of $125.69 billion, a price-to-earnings ratio of 25.66 and a beta of 1.12. Boeing Company has a 12 month low of $126.31 and a 12 month high of $209.72. The firm has a 50-day moving average price of $197.32 and a 200-day moving average price of $180.45.
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. The ex-dividend date is Wednesday, August 9th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.73%. Boeing Company (The)’s dividend payout ratio (DPR) is presently 69.61%.
BA has been the topic of a number of research analyst reports. Vetr upgraded shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $183.96 price target on the stock in a report on Wednesday, April 12th. Gabelli reissued a “buy” rating on shares of Boeing Company (The) in a research note on Friday, April 7th. Berenberg Bank started coverage on shares of Boeing Company (The) in a research note on Wednesday, March 29th. They issued a “buy” rating and a $202.00 target price on the stock. Jefferies Group LLC reissued a “buy” rating and issued a $200.00 target price on shares of Boeing Company (The) in a research note on Thursday, March 23rd. Finally, Deutsche Bank AG raised their target price on shares of Boeing Company (The) from $205.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company. Boeing Company (The) currently has a consensus rating of “Hold” and a consensus price target of $183.45.
In other news, EVP Leanne G. Caret sold 2,400 shares of Boeing Company (The) stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $182.73, for a total value of $438,552.00. Following the completion of the transaction, the executive vice president now directly owns 44,710 shares of the company’s stock, valued at approximately $8,169,858.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP J Michael Luttig sold 7,986 shares of Boeing Company (The) stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 39,251 shares of the company’s stock, valued at $7,213,548.78. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,403 shares of company stock valued at $11,666,138. 0.28% of the stock is owned by company insiders.
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Boeing Company (The) Company Profile
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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