Boeing Co (NYSE:BA) – Equities researchers at Seaport Global Securities upped their FY2017 EPS estimates for Boeing in a research note issued to investors on Wednesday. Seaport Global Securities analyst J. Sullivan now forecasts that the aircraft producer will earn $10.22 per share for the year, up from their prior estimate of $10.00.
Boeing (NYSE:BA) last released its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.07. The firm had revenue of $24.31 billion during the quarter, compared to the consensus estimate of $24.09 billion. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.51 earnings per share.
Shares of Boeing (BA) opened at $297.80 on Thursday. The firm has a market capitalization of $177,360.00, a P/E ratio of 27.40, a price-to-earnings-growth ratio of 2.08 and a beta of 1.23. The company has a debt-to-equity ratio of 8.54, a current ratio of 1.18 and a quick ratio of 0.39. Boeing has a 52-week low of $156.67 and a 52-week high of $299.33.
A number of large investors have recently made changes to their positions in the business. Riverpoint Wealth Management Holdings LLC increased its stake 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 worth $293,000 after acquiring an additional 4 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its stake 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 worth $421,000 after acquiring an additional 6 shares during the last quarter. Accredited Investors Inc. boosted its holdings in Boeing by 0.4% in the second quarter. Accredited Investors Inc. now owns 1,643 shares of the aircraft producer’s stock worth $325,000 after purchasing an additional 6 shares in the last quarter. Silicon Valley Capital Partners boosted its holdings in Boeing by 0.7% in the second quarter. Silicon Valley Capital Partners now owns 1,240 shares of the aircraft producer’s stock worth $245,000 after purchasing an additional 9 shares in the last quarter. Finally, Arete Wealth Advisors LLC boosted its holdings in Boeing by 0.4% in the second quarter. Arete Wealth Advisors LLC now owns 2,404 shares of the aircraft producer’s stock worth $475,000 after purchasing an additional 9 shares in the last quarter. 70.84% of the stock is currently owned by institutional investors.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 9th will be paid a dividend of $1.71 per share. This is an increase from Boeing’s previous quarterly dividend of $1.42. This represents a $6.84 annualized dividend and a yield of 2.30%. The ex-dividend date is Thursday, February 8th. Boeing’s payout ratio is 52.25%.
Boeing announced that its Board of Directors has initiated a share buyback program on Monday, December 11th that allows the company to repurchase $18.00 billion in shares. This repurchase authorization allows the aircraft producer to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.
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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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