$24.74 Billion in Sales Expected for Boeing Co (BA) This Quarter
Analysts expect that Boeing Co (NYSE:BA) will post $24.74 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Boeing’s earnings, with the lowest sales estimate coming in at $24.24 billion and the highest estimate coming in at $25.46 billion. Boeing reported sales of $23.29 billion in the same quarter last year, which would suggest a positive year over year growth rate of 6.2%. The company is scheduled to issue its next quarterly earnings results before the market opens on Wednesday, January 31st.
According to Zacks, analysts expect that Boeing will report full-year sales of $24.74 billion for the current year, with estimates ranging from $92.21 billion to $93.48 billion. For the next year, analysts anticipate that the firm will report sales of $92.72 billion per share, with estimates ranging from $90.73 billion to $94.79 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover 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, topping analysts’ consensus estimates of $2.65 by $0.07. The company had revenue of $24.31 billion for the quarter, compared to the consensus estimate of $24.09 billion. Boeing had a net margin of 7.33% and a return on equity of 12,064.25%. The firm’s revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted $3.51 earnings per share.
Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Boeing by 1.0% during the second quarter. Vanguard Group Inc. now owns 40,412,706 shares of the aircraft producer’s stock valued at $7,991,613,000 after buying an additional 407,511 shares during the last quarter. Jennison Associates LLC raised its position in shares of Boeing by 20.3% during the third quarter. Jennison Associates LLC now owns 6,873,128 shares of the aircraft producer’s stock valued at $1,747,218,000 after buying an additional 1,160,859 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Boeing by 7,215.0% during the second quarter. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer’s stock valued at $972,919,000 after buying an additional 4,852,679 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Boeing by 13.3% during the third quarter. Ameriprise Financial Inc. now owns 3,424,281 shares of the aircraft producer’s stock valued at $870,618,000 after buying an additional 402,240 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in Boeing by 3.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 3,275,519 shares of the aircraft producer’s stock worth $965,756,000 after purchasing an additional 122,278 shares during the last quarter. Hedge funds and other institutional investors own 70.87% of the company’s stock.
Boeing (NYSE BA) opened at $348.38 on Thursday. The company has a quick ratio of 0.39, a current ratio of 1.18 and a debt-to-equity ratio of 8.54. The stock has a market cap of $209,050.00, a P/E ratio of 32.05, a P/E/G ratio of 2.27 and a beta of 1.23. Boeing has a 1-year low of $156.75 and a 1-year high of $352.23.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 9th will be issued a dividend of $1.71 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $6.84 annualized dividend and a yield of 1.96%. This is an increase from Boeing’s previous quarterly dividend of $1.42. Boeing’s payout ratio is currently 52.25%.
Boeing declared that its Board of Directors has authorized a stock repurchase plan on Monday, December 11th that permits the company to buyback $18.00 billion in outstanding shares. This buyback authorization permits the aircraft producer to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
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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