$3.65 Earnings Per Share Expected for Boeing Co (BA) This Quarter

Wall Street analysts expect that Boeing Co (NYSE:BA) will report earnings of $3.65 per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Boeing’s earnings, with the highest EPS estimate coming in at $3.85 and the lowest estimate coming in at $3.35. Boeing posted earnings of $2.72 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 34.2%. The firm is expected to announce its next earnings report on Wednesday, October 24th.

On average, analysts expect that Boeing will report full-year earnings of $14.63 per share for the current year, with EPS estimates ranging from $14.44 to $14.86. For the next financial year, analysts forecast that the firm will post earnings of $17.31 per share, with EPS estimates ranging from $16.80 to $18.20. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Boeing.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, July 25th. The aircraft producer reported $3.33 EPS for the quarter, missing the consensus estimate of $3.45 by ($0.12). The firm had revenue of $24.26 billion for the quarter, compared to analysts’ expectations of $24.02 billion. Boeing had a net margin of 9.92% and a return on equity of 2,344.87%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.55 EPS.

BA has been the subject of several analyst reports. Cowen restated a “buy” rating and set a $430.00 price target on shares of Boeing in a report on Wednesday, July 25th. UBS Group raised their price target on Boeing from $325.00 to $357.00 and gave the company a “neutral” rating in a report on Thursday, July 26th. Credit Suisse Group restated a “buy” rating and set a $455.00 price target on shares of Boeing in a report on Thursday, July 26th. Canaccord Genuity restated a “hold” rating and set a $350.00 price target on shares of Boeing in a report on Wednesday, May 2nd. Finally, Goldman Sachs Group set a $375.00 price target on Boeing and gave the company a “neutral” rating in a report on Wednesday, July 25th. Six analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Boeing presently has a consensus rating of “Buy” and a consensus target price of $395.78.

Institutional investors have recently added to or reduced their stakes in the business. CSat Investment Advisory L.P. bought a new stake in shares of Boeing during the 2nd quarter valued at about $101,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in shares of Boeing by 220.0% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 320 shares of the aircraft producer’s stock valued at $105,000 after buying an additional 220 shares in the last quarter. Mount Yale Investment Advisors LLC purchased a new position in shares of Boeing during the 1st quarter valued at about $108,000. Advisors Preferred LLC purchased a new position in shares of Boeing during the 1st quarter valued at about $111,000. Finally, Icon Wealth Partners LLC purchased a new position in shares of Boeing during the 2nd quarter valued at about $125,000. Institutional investors and hedge funds own 69.77% of the company’s stock.

Boeing stock traded up $4.36 on Monday, hitting $353.74. 2,279,488 shares of the stock traded hands, compared to its average volume of 4,647,868. The company has a current ratio of 1.11, a quick ratio of 0.32 and a debt-to-equity ratio of -7.65. The firm has a market capitalization of $200.72 billion, a P/E ratio of 29.38, a P/E/G ratio of 1.74 and a beta of 1.46. Boeing has a 1 year low of $234.29 and a 1 year high of $374.48.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 7th. Shareholders of record on Friday, August 10th will be paid a dividend of $1.71 per share. The ex-dividend date is Thursday, August 9th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 1.93%. Boeing’s dividend payout ratio is currently 56.81%.

Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Earnings History and Estimates for Boeing (NYSE:BA)

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