Analysts Set Expectations for Boeing Co’s FY2017 Earnings (BA)

Boeing Co (NYSE:BA) – Investment analysts at Seaport Global Securities boosted their FY2017 EPS estimates for shares of Boeing in a research note issued to investors on Wednesday. Seaport Global Securities analyst J. Sullivan now expects that the aircraft producer will earn $10.28 per share for the year, up from their previous estimate of $10.22. Seaport Global Securities has a “Buy” rating and a $430.00 price target on the stock. Seaport Global Securities also issued estimates for Boeing’s Q4 2017 earnings at $3.00 EPS.

Several other equities analysts have also recently issued reports on the company. Royal Bank of Canada set a $290.00 price objective on Boeing and gave the stock a “hold” rating in a report on Wednesday, November 15th. Jefferies Group lifted their price objective on Boeing from $300.00 to $312.00 and gave the stock a “buy” rating in a 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 report on Tuesday, December 12th. Zacks Investment Research raised Boeing from a “hold” rating to a “buy” rating and set a $289.00 price objective for the company in a 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 equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $304.10.

Boeing (BA) opened at $340.16 on Friday. The stock has a market capitalization of $202,590.00, a price-to-earnings ratio of 31.29, a P/E/G ratio of 2.33 and a beta of 1.23. Boeing has a 1-year low of $157.29 and a 1-year high of $352.23. The company has a current ratio of 1.18, a quick ratio of 0.39 and a debt-to-equity ratio of 8.54.

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 consensus estimate of $2.65 by $0.07. The firm had revenue of $24.31 billion during the quarter, compared to analysts’ expectations of $24.09 billion. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. Boeing’s revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm posted $3.51 earnings per share.

Several large investors have recently made changes to their positions in the company. Riverpoint Wealth Management Holdings LLC grew 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 purchasing an additional 4 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. grew 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 purchasing an additional 6 shares during the period. Accredited Investors Inc. grew 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 purchasing an additional 6 shares during the period. Silicon Valley Capital Partners grew 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 purchasing an additional 9 shares during the period. Finally, Arete Wealth Advisors LLC grew its position in shares of Boeing by 0.4% in the second quarter. Arete Wealth Advisors LLC now owns 2,404 shares of the aircraft producer’s stock valued at $475,000 after purchasing an additional 9 shares during the period. 70.87% of the stock is owned by institutional investors and hedge funds.

Boeing announced that its board has initiated a share buyback plan on Monday, December 11th that permits the company to buyback $18.00 billion in shares. This buyback authorization permits the aircraft producer to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

The firm 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 $1.71 dividend. The ex-dividend date is Thursday, February 8th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 2.01%. This is an increase from Boeing’s previous quarterly dividend of $1.42. Boeing’s payout ratio is currently 52.25%.

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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.

Earnings History and Estimates for Boeing (NYSE:BA)

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