$24.24 Billion in Sales Expected for Boeing Co (BA) This Quarter

Equities analysts expect Boeing Co (NYSE:BA) to post $24.24 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Boeing’s earnings, with the highest sales estimate coming in at $24.40 billion and the lowest estimate coming in at $23.93 billion. Boeing reported sales of $23.29 billion during the same quarter last year, which indicates a positive year over year growth rate of 4.1%. The company is expected to issue its next earnings results before the market opens on Wednesday, January 31st.

According to Zacks, analysts expect that Boeing will report full year sales of $24.24 billion for the current financial year, with estimates ranging from $91.81 billion to $92.67 billion. For the next financial year, analysts anticipate that the firm will post sales of $93.50 billion per share, with estimates ranging from $91.55 billion to $95.18 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Boeing.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $24.31 billion for the quarter, compared to the consensus estimate of $24.09 billion. During the same period last year, the company earned $3.51 earnings per share. The firm’s revenue was up 1.7% compared to the same quarter last year.

A number of analysts have recently issued reports on the stock. Cowen reiterated a “buy” rating and issued a $320.00 price objective on shares of Boeing in a report on Monday. J P Morgan Chase & Co set a $325.00 price objective on shares of Boeing and gave the company a “buy” rating in a report on Tuesday. Bank of America set a $320.00 price objective on shares of Boeing and gave the company a “buy” rating in a report on Tuesday. Wells Fargo & Company reiterated a “market perform” rating and issued a $290.00 price objective (up from $270.00) on shares of Boeing in a report on Tuesday. Finally, Vetr upgraded shares of Boeing from a “sell” rating to a “hold” rating and set a $288.75 price objective on the stock in a report on Monday. Eleven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Boeing currently has a consensus rating of “Buy” and an average target price of $266.73.

Boeing (NYSE:BA) traded up $2.04 during midday trading on Friday, hitting $293.88. 3,913,400 shares of the stock were exchanged, compared to its average volume of 3,300,766. The company has a quick ratio of 0.39, a current ratio of 1.18 and a debt-to-equity ratio of 8.54. Boeing has a 12 month low of $153.06 and a 12 month high of $296.82. The firm has a market capitalization of $173,813.63, a P/E ratio of 29.93, a PEG ratio of 2.22 and a beta of 1.24.

Boeing declared that its board has approved a share buyback program on Monday, December 11th that authorizes the company to buyback $18.00 billion in shares. This buyback authorization authorizes the aircraft producer to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 9th will be paid a $1.71 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This is a boost from Boeing’s previous quarterly dividend of $1.42. This represents a $6.84 annualized dividend and a dividend yield of 2.33%. Boeing’s dividend payout ratio (DPR) is currently 52.21%.

A number of hedge funds have recently added to or reduced their stakes in the business. Riverpoint Wealth Management Holdings LLC boosted its position in shares of Boeing by 0.3% in the second quarter. Riverpoint Wealth Management Holdings LLC now owns 1,438 shares of the aircraft producer’s stock valued at $293,000 after acquiring an additional 4 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. boosted its position in shares of Boeing by 0.3% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 2,131 shares of the aircraft producer’s stock valued at $421,000 after acquiring an additional 6 shares during the period. Accredited Investors Inc. boosted its position in shares of Boeing by 0.4% in the second quarter. Accredited Investors Inc. now owns 1,643 shares of the aircraft producer’s stock valued at $325,000 after acquiring an additional 6 shares during the period. GWM Advisors LLC boosted its position in shares of Boeing by 0.6% in the first quarter. GWM Advisors LLC now owns 1,324 shares of the aircraft producer’s stock valued at $233,000 after acquiring an additional 8 shares during the period. Finally, Silicon Valley Capital Partners boosted its position in shares of Boeing by 0.7% in the second quarter. Silicon Valley Capital Partners now owns 1,240 shares of the aircraft producer’s stock valued at $245,000 after acquiring an additional 9 shares during the period. 70.97% of the stock is owned by hedge funds and other institutional investors.

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Boeing 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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Earnings History and Estimates for Boeing (NYSE:BA)

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