Analysts Expect Boeing Co (NYSE:BA) Will Post Earnings of $2.05 Per Share

Wall Street analysts predict that Boeing Co (NYSE:BA) will report $2.05 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Boeing’s earnings. The lowest EPS estimate is $1.54 and the highest is $2.52. Boeing posted earnings of $5.48 per share in the same quarter last year, which would suggest a negative year over year growth rate of 62.6%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, January 29th.

According to Zacks, analysts expect that Boeing will report full year earnings of $1.05 per share for the current fiscal year, with EPS estimates ranging from $0.60 to $1.90. For the next financial year, analysts forecast that the company will report earnings of $19.58 per share, with EPS estimates ranging from $14.85 to $21.21. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Boeing.

Boeing (NYSE:BA) last released its quarterly 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 firm had revenue of $19.98 billion during the quarter, compared to the consensus estimate of $20 billion. During the same period in the previous year, the company posted $3.58 EPS. The company’s revenue for the quarter was down 20.5% compared to the same quarter last year.

BA has been the topic of a number of research analyst reports. Goldman Sachs Group restated a “neutral” rating and issued a $370.00 target price on shares of Boeing in a research note on Wednesday, October 23rd. Credit Suisse Group downgraded Boeing from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $416.00 to $323.00 in a research report on Monday, October 21st. Robert W. Baird lowered Boeing from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $445.00 to $342.00 in a report on Monday, October 21st. Canaccord Genuity cut their price objective on Boeing from $380.00 to $370.00 and set a “hold” rating for the company in a report on Thursday, October 24th. Finally, Berenberg Bank restated a “buy” rating and issued a $410.00 price objective on shares of Boeing in a research report on Wednesday, October 30th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $379.30.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Resources Management Corp CT ADV purchased a new position in Boeing in the 3rd quarter worth approximately $694,000. Metropolitan Life Insurance Co NY boosted its stake in shares of Boeing by 1.2% during the third quarter. Metropolitan Life Insurance Co NY now owns 105,606 shares of the aircraft producer’s stock valued at $40,180,000 after purchasing an additional 1,205 shares during the period. Soros Fund Management LLC purchased a new stake in shares of Boeing during the third quarter valued at approximately $2,093,000. Symmetry Peak Management LLC bought a new position in shares of Boeing in the third quarter worth approximately $380,000. Finally, Vectors Research Management LLC grew its holdings in shares of Boeing by 115.2% in the third quarter. Vectors Research Management LLC now owns 355 shares of the aircraft producer’s stock worth $135,000 after purchasing an additional 190 shares during the last quarter. Institutional investors and hedge funds own 68.64% of the company’s stock.

NYSE:BA opened at $354.09 on Thursday. Boeing has a 52-week low of $292.47 and a 52-week high of $446.01. The stock has a fifty day moving average of $356.02 and a 200 day moving average of $358.36. The company has a debt-to-equity ratio of 48.98, a quick ratio of 0.31 and a current ratio of 1.11. The firm has a market capitalization of $194.55 billion, a price-to-earnings ratio of 26.57, a P/E/G ratio of 40.13 and a beta of 1.24.

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 8th were given a $2.055 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $8.22 dividend on an annualized basis and a yield of 2.32%. Boeing’s payout ratio is 51.34%.

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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Earnings History and Estimates for Boeing (NYSE:BA)

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