Boeing Co (NYSE:BA) Expected to Announce Earnings of $2.00 Per Share

Wall Street analysts expect Boeing Co (NYSE:BA) to post $2.00 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Boeing’s earnings, with the lowest EPS estimate coming in at $1.54 and the highest estimate coming in at $2.52. Boeing reported earnings of $5.48 per share during the same quarter last year, which would indicate a negative year over year growth rate of 63.5%. The business is expected to issue its next earnings report on Wednesday, January 29th.

According to Zacks, analysts expect that Boeing will report full year earnings of $1.02 per share for the current financial year, with EPS estimates ranging from $0.47 to $1.90. For the next fiscal year, analysts expect that the firm will report earnings of $20.23 per share, with EPS estimates ranging from $14.85 to $25.40. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Boeing.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported $1.45 earnings per share for the quarter, missing the consensus estimate of $2.04 by ($0.59). Boeing had a negative return on equity of 367.68% and a net margin of 4.37%. The business had revenue of $19.98 billion for the quarter, compared to analyst estimates of $20 billion. During the same period last year, the business posted $3.58 EPS. Boeing’s revenue was down 20.5% on a year-over-year basis.

Several brokerages have recently weighed in on BA. Wolfe Research lowered Boeing from an “outperform” rating to a “peer perform” rating and cut their target price for the stock from $404.00 to $393.00 in a research report on Thursday, July 25th. Robert W. Baird downgraded Boeing from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $445.00 to $342.00 in a research note on Monday, October 21st. UBS Group upgraded Boeing from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 23rd. Berenberg Bank restated a “buy” rating and set a $410.00 price target on shares of Boeing in a research note on Wednesday, October 30th. Finally, Goldman Sachs Group restated a “neutral” rating and set a $370.00 price target on shares of Boeing in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Boeing has a consensus rating of “Hold” and a consensus price target of $379.30.

Hedge funds have recently made changes to their positions in the business. Claraphi Advisory Network LLC grew its stake in shares of Boeing by 3.6% in the 2nd quarter. Claraphi Advisory Network LLC now owns 2,943 shares of the aircraft producer’s stock valued at $1,071,000 after purchasing an additional 103 shares during the last quarter. Dupont Capital Management Corp boosted its stake in shares of Boeing by 0.3% in the second quarter. Dupont Capital Management Corp now owns 45,420 shares of the aircraft producer’s stock valued at $16,533,000 after buying an additional 125 shares in the last quarter. Corrado Advisors LLC boosted its stake in shares of Boeing by 4.1% in the second quarter. Corrado Advisors LLC now owns 7,901 shares of the aircraft producer’s stock valued at $2,876,000 after buying an additional 310 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in shares of Boeing by 1,405.4% in the second quarter. Cubist Systematic Strategies LLC now owns 30,830 shares of the aircraft producer’s stock valued at $11,222,000 after buying an additional 28,782 shares in the last quarter. Finally, Greenleaf Trust boosted its stake in shares of Boeing by 6.3% in the second quarter. Greenleaf Trust now owns 5,782 shares of the aircraft producer’s stock valued at $2,105,000 after buying an additional 342 shares in the last quarter. Institutional investors own 67.72% of the company’s stock.

Shares of NYSE BA traded up $4.24 during midday trading on Tuesday, hitting $371.68. 5,012,690 shares of the company’s stock were exchanged, compared to its average volume of 6,171,135. The company has a debt-to-equity ratio of 48.98, a current ratio of 1.11 and a quick ratio of 0.31. Boeing has a twelve month low of $292.47 and a twelve month high of $446.01. The company has a market cap of $206.79 billion, a PE ratio of 23.22, a P/E/G ratio of 44.26 and a beta of 1.24. The firm’s fifty day simple moving average is $360.57 and its 200-day simple moving average is $358.08.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be paid a $2.055 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $8.22 annualized dividend and a dividend yield of 2.21%. Boeing’s dividend payout ratio (DPR) is currently 51.34%.

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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