Analysts Anticipate Boeing Co (BA) Will Post Quarterly Sales of $25.32 Billion

Equities research analysts expect Boeing Co (NYSE:BA) to report $25.32 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Boeing’s earnings. The lowest sales estimate is $24.44 billion and the highest is $26.11 billion. Boeing reported sales of $23.38 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.3%. The firm is expected to issue its next earnings results on Wednesday, April 24th.

According to Zacks, analysts expect that Boeing will report full-year sales of $111.16 billion for the current fiscal year, with estimates ranging from $110.92 billion to $111.42 billion. For the next fiscal year, analysts anticipate that the company will post sales of $117.62 billion, with estimates ranging from $115.95 billion to $120.12 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Boeing.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, January 30th. The aircraft producer reported $5.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.52 by $0.96. Boeing had a net margin of 10.34% and a negative return on equity of 4,286.60%. The company had revenue of $28.34 billion during the quarter, compared to analysts’ expectations of $26.76 billion. During the same period in the previous year, the company earned $3.04 EPS. The business’s quarterly revenue was up 14.4% compared to the same quarter last year.



Several analysts have recently issued reports on BA shares. Morgan Stanley raised shares of Boeing from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $400.00 to $450.00 in a research note on Wednesday, January 9th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a price target on shares of Boeing in a research report on Wednesday, January 30th. Jefferies Financial Group upped their price target on shares of Boeing to $448.00 and gave the stock a “buy” rating in a research report on Monday, February 4th. ValuEngine raised shares of Boeing from a “hold” rating to a “buy” rating in a research report on Wednesday, January 2nd. Finally, Tigress Financial reaffirmed a “buy” rating on shares of Boeing in a research report on Monday, November 26th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eighteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $409.94.

Shares of NYSE BA traded up $5.69 during trading on Friday, hitting $378.99. 26,667,883 shares of the company traded hands, compared to its average volume of 6,646,387. Boeing has a 1 year low of $292.47 and a 1 year high of $446.01. The stock has a market capitalization of $212.10 billion, a PE ratio of 23.67, a P/E/G ratio of 1.37 and a beta of 1.36. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 25.99.

Boeing declared that its Board of Directors has approved a share repurchase program on Monday, December 17th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the aircraft producer to buy up to 11.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 8th were issued a $2.055 dividend. The ex-dividend date of this dividend was Thursday, February 7th. This represents a $8.22 dividend on an annualized basis and a yield of 2.17%. This is a positive change from Boeing’s previous quarterly dividend of $1.71. Boeing’s payout ratio is currently 51.34%.

In other Boeing news, CFO Gregory D. Smith sold 19,500 shares of the business’s stock in a transaction on Friday, February 8th. The shares were sold at an average price of $401.38, for a total value of $7,826,910.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Heidi B. Capozzi sold 2,916 shares of the business’s stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $410.84, for a total transaction of $1,198,009.44. The disclosure for this sale can be found here. Insiders sold a total of 72,247 shares of company stock worth $28,922,977 in the last quarter. 0.24% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of the company. Oregon Public Employees Retirement Fund raised its stake in shares of Boeing by 21,969.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 40,328,303 shares of the aircraft producer’s stock valued at $125,000 after purchasing an additional 40,145,567 shares in the last quarter. Newport Trust Co raised its stake in shares of Boeing by 4.2% in the 4th quarter. Newport Trust Co now owns 33,492,259 shares of the aircraft producer’s stock valued at $10,801,254,000 after purchasing an additional 1,363,909 shares in the last quarter. FMR LLC raised its stake in shares of Boeing by 2.3% in the 4th quarter. FMR LLC now owns 8,730,206 shares of the aircraft producer’s stock valued at $2,815,492,000 after purchasing an additional 194,957 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Boeing by 3.2% in the 4th quarter. Jennison Associates LLC now owns 7,817,279 shares of the aircraft producer’s stock valued at $2,521,073,000 after purchasing an additional 245,100 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Boeing by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 6,262,103 shares of the aircraft producer’s stock valued at $2,015,856,000 after purchasing an additional 214,945 shares in the last quarter. Institutional investors and hedge funds own 69.78% of the company’s stock.

About Boeing

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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