Boeing (BA) Scheduled to Post Quarterly Earnings on Tuesday
Boeing (NYSE:BA) will announce its earnings results before the market opens on Tuesday, January 23rd. Analysts expect the company to announce earnings of $2.86 per share for the quarter. Boeing has set its FY17 guidance at $9.90-10.10 EPS.
Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.65 by $0.07. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. The company had revenue of $24.31 billion during 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. On average, analysts expect Boeing to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.
Boeing (NYSE BA) opened at $336.21 on Tuesday. Boeing has a 1 year low of $156.75 and a 1 year high of $336.88. The company has a debt-to-equity ratio of 8.54, a quick ratio of 0.39 and a current ratio of 1.18. The stock has a market capitalization of $200,240.00, a PE ratio of 30.93, a PEG ratio of 2.28 and a beta of 1.23.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 9th will be given a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a dividend yield of 2.03%. This is an increase from Boeing’s previous quarterly dividend of $1.42. The ex-dividend date is Thursday, February 8th. Boeing’s dividend payout ratio (DPR) is 52.25%.
A number of equities analysts have recently issued reports on BA shares. Royal Bank of Canada set a $290.00 price objective on Boeing and gave the stock a “hold” rating in a research report on Wednesday, November 15th. Jefferies Group raised their price objective on Boeing from $300.00 to $312.00 and gave the stock a “buy” rating in a research report on Tuesday, November 21st. JPMorgan Chase & Co. set a $325.00 price objective on Boeing and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Zacks Investment Research upgraded Boeing from a “hold” rating to a “buy” rating and set a $289.00 price objective for the company in a research report on Tuesday, October 10th. Finally, ValuEngine downgraded Boeing from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $280.74.
Hedge funds have recently modified their holdings of the business. Clear Perspective Advisors LLC increased its holdings in shares of Boeing by 31.0% during the second quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock valued at $113,000 after acquiring an additional 135 shares in the last quarter. CWH Capital Management Inc. bought a new stake in shares of Boeing during the second quarter valued at approximately $134,000. Mountain Capital Investment Advisors Inc bought a new stake in shares of Boeing during the second quarter valued at approximately $196,000. Private Advisory Group LLC bought a new stake in shares of Boeing during the second quarter valued at approximately $202,000. Finally, AIMZ Investment Advisors LLC bought a new stake in shares of Boeing during the second quarter valued at approximately $202,000. Institutional investors and hedge funds own 70.87% of the company’s stock.
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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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