Zacks: Analysts Anticipate Boeing Co (BA) Will Announce Earnings of $2.87 Per Share
Equities research analysts expect Boeing Co (NYSE:BA) to post earnings of $2.87 per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Boeing’s earnings, with the highest EPS estimate coming in at $3.06 and the lowest estimate coming in at $2.72. Boeing reported earnings of $2.47 per share in the same quarter last year, which indicates a positive year over year growth rate of 16.2%. The firm is expected to announce its next earnings report on Wednesday, January 24th.
On average, analysts expect that Boeing will report full-year earnings of $10.11 per share for the current fiscal year, with EPS estimates ranging from $9.93 to $10.35. For the next year, analysts forecast that the business will post earnings of $11.11 per share, with EPS estimates ranging from $10.50 to $11.85. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Boeing.
Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, topping the consensus estimate of $2.65 by $0.07. Boeing had a net margin of 7.33% and a return on equity of 12,064.25%. The business had revenue of $24.31 billion for the quarter, compared to analysts’ expectations of $24.09 billion. During the same quarter last year, the company posted $3.51 earnings per share. The company’s quarterly revenue was up 1.7% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently bought and sold shares of BA. Vanguard Group Inc. boosted its stake in Boeing by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 40,412,706 shares of the aircraft producer’s stock worth $7,991,613,000 after purchasing an additional 407,511 shares during the period. Jennison Associates LLC boosted its stake in Boeing by 20.3% in the 3rd quarter. Jennison Associates LLC now owns 6,873,128 shares of the aircraft producer’s stock worth $1,747,218,000 after purchasing an additional 1,160,859 shares during the period. Janus Henderson Group PLC boosted its stake in Boeing by 7,215.0% in the 2nd quarter. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer’s stock worth $972,919,000 after purchasing an additional 4,852,679 shares during the period. Ameriprise Financial Inc. boosted its stake in Boeing by 13.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,424,281 shares of the aircraft producer’s stock worth $870,618,000 after purchasing an additional 402,240 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in Boeing by 2.8% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 3,153,241 shares of the aircraft producer’s stock worth $801,586,000 after purchasing an additional 86,722 shares during the period. Institutional investors and hedge funds own 70.97% of the company’s stock.
Boeing (NYSE BA) opened at $289.94 on Wednesday. The company has a debt-to-equity ratio of 8.54, a quick ratio of 0.39 and a current ratio of 1.18. Boeing has a 12-month low of $153.06 and a 12-month high of $292.80. The company has a market cap of $168,644.00, a PE ratio of 29.04, a PEG ratio of 2.16 and a beta of 1.24.
Boeing declared that its board has approved a share buyback plan on Monday, December 11th that authorizes the company to buyback $18.00 billion in outstanding shares. This buyback authorization authorizes the aircraft producer to buy shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 9th will be paid a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Thursday, February 8th. This is a positive change from Boeing’s previous quarterly dividend of $1.42. Boeing’s dividend payout ratio (DPR) is currently 52.21%.
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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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