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 brokerages have recently commented on BA. Wells Fargo & Company reaffirmed a “hold” rating and set a $255.00 price target (up previously from $240.00) on shares of Boeing in a research report on Wednesday, September 20th. Zacks Investment Research cut shares of Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Vetr cut shares of Boeing from a “strong-buy” rating to a “buy” rating and set a $266.88 target price on the stock. in a report on Wednesday, August 16th. Bank of America set a $320.00 target price on shares of Boeing and gave the stock a “buy” rating in a report on Tuesday. Finally, J P Morgan Chase & Co set a $325.00 target price on shares of Boeing and gave the stock a “buy” rating in a report on Tuesday. Eleven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Boeing currently has an average rating of “Buy” and an average target price of $266.73.

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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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.

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Earnings History and Estimates for Boeing (NYSE:BA)

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