Zacks: Brokerages Anticipate Boeing Company (The) (BA) Will Announce Earnings of $2.59 Per Share

Wall Street brokerages expect Boeing Company (The) (NYSE:BA) to announce earnings of $2.59 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Boeing Company (The)’s earnings, with the lowest EPS estimate coming in at $2.34 and the highest estimate coming in at $2.79. Boeing Company (The) reported earnings per share of $3.51 during the same quarter last year, which indicates a negative year over year growth rate of 26.2%. The company is expected to announce its next earnings results on Wednesday, October 25th.

According to Zacks, analysts expect that Boeing Company (The) will report full year earnings of $9.97 per share for the current fiscal year, with EPS estimates ranging from $9.80 to $10.15. For the next year, analysts anticipate that the business will report earnings of $10.74 per share, with EPS estimates ranging from $10.20 to $11.34. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Boeing Company (The).

Boeing Company (The) (NYSE:BA) last released its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.32 by $0.23. The business had revenue of $22.74 billion during the quarter, compared to the consensus estimate of $22.97 billion. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. The business’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.44) EPS.

Several research analysts have recently issued reports on BA shares. Canaccord Genuity restated a “hold” rating and issued a $215.00 price objective (up from $200.00) on shares of Boeing Company (The) in a research note on Sunday, July 30th. Argus restated a “buy” rating and issued a $270.00 price objective on shares of Boeing Company (The) in a research note on Tuesday, August 1st. Buckingham Research upgraded Boeing Company (The) from an “underperform” rating to a “neutral” rating in a research note on Friday, July 28th. Vetr upgraded Boeing Company (The) from a “hold” rating to a “buy” rating and set a $253.33 price objective for the company in a research note on Monday, August 7th. Finally, Wells Fargo & Company restated a “market perform” rating on shares of Boeing Company (The) in a research note on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $232.08.

Boeing Company (NYSE:BA) traded up 1.05% during midday trading on Friday, hitting $238.78. The company’s stock had a trading volume of 3,404,151 shares. Boeing Company has a one year low of $126.31 and a one year high of $246.49. The company’s 50-day moving average is $235.67 and its 200 day moving average is $198.82. The company has a market cap of $141.14 billion, a price-to-earnings ratio of 20.92 and a beta of 1.18.

The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 11th were paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date was Wednesday, August 9th. Boeing Company (The)’s dividend payout ratio is presently 49.74%.

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In related news, Chairman Dennis A. Muilenburg sold 56,838 shares of Boeing Company (The) stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $243.46, for a total transaction of $13,837,779.48. Following the transaction, the chairman now owns 127,778 shares in the company, valued at $31,108,831.88. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Thomas J. Downey sold 134 shares of Boeing Company (The) stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $241.20, for a total value of $32,320.80. The disclosure for this sale can be found here. Insiders sold 83,468 shares of company stock worth $20,353,814 over the last ninety days. Corporate insiders own 0.28% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Riverpoint Wealth Management Holdings LLC lifted its position in Boeing Company (The) by 0.3% during the second quarter. Riverpoint Wealth Management Holdings LLC now owns 1,438 shares of the aircraft producer’s stock worth $293,000 after buying an additional 4 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. lifted its position in Boeing Company (The) by 0.3% during the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 2,131 shares of the aircraft producer’s stock worth $421,000 after buying an additional 6 shares in the last quarter. Accredited Investors Inc. lifted its position in Boeing Company (The) by 0.4% during the second quarter. Accredited Investors Inc. now owns 1,643 shares of the aircraft producer’s stock worth $325,000 after buying an additional 6 shares in the last quarter. GWM Advisors LLC lifted its position in Boeing Company (The) by 0.6% during the first quarter. GWM Advisors LLC now owns 1,324 shares of the aircraft producer’s stock worth $233,000 after buying an additional 8 shares in the last quarter. Finally, Silicon Valley Capital Partners lifted its position in Boeing Company (The) by 0.7% during the second quarter. Silicon Valley Capital Partners now owns 1,240 shares of the aircraft producer’s stock worth $245,000 after buying an additional 9 shares in the last quarter. Hedge funds and other institutional investors own 72.30% of the company’s stock.

About Boeing Company (The)

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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Earnings History and Estimates for Boeing Company (The) (NYSE:BA)

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