Zacks: Brokerages Expect The Boeing Company (NYSE:BA) Will Post Earnings of $0.06 Per Share

Equities analysts predict that The Boeing Company (NYSE:BA) will announce $0.06 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Boeing’s earnings, with the highest EPS estimate coming in at $0.37 and the lowest estimate coming in at ($0.34). Boeing reported earnings of ($15.25) per share in the same quarter last year, which indicates a positive year over year growth rate of 100.4%. The firm is expected to report its next earnings results on Wednesday, January 26th.

According to Zacks, analysts expect that Boeing will report full-year earnings of ($1.56) per share for the current year, with EPS estimates ranging from ($2.05) to ($1.00). For the next year, analysts anticipate that the business will report earnings of $4.09 per share, with EPS estimates ranging from $3.00 to $5.35. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Boeing.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, October 26th. The aircraft producer reported ($0.60) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.40). The firm had revenue of $15.28 billion during the quarter, compared to analyst estimates of $16.27 billion. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.39) EPS.

BA has been the subject of several recent research reports. UBS Group dropped their price target on Boeing from $310.00 to $290.00 and set a “buy” rating for the company in a research report on Tuesday, September 7th. Susquehanna decreased their target price on Boeing from $300.00 to $267.00 and set a “positive” rating for the company in a report on Thursday, October 28th. JPMorgan Chase & Co. set a $275.00 price objective on shares of Boeing in a research note on Wednesday. Vertical Research restated a “hold” rating and set a $250.00 price objective on shares of Boeing in a research note on Thursday, September 16th. Finally, Wells Fargo & Company upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $224.00 to $272.00 in a research note on Wednesday, November 17th. Three analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $264.15.

In related news, SVP Edward Lee Dandridge sold 990 shares of the business’s stock in a transaction that occurred on Friday, November 5th. The shares were sold at an average price of $221.87, for a total transaction of $219,651.30. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.16% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Baldrige Asset Management LLC acquired a new position in shares of Boeing during the 2nd quarter worth $26,000. PFG Private Wealth Management LLC acquired a new stake in shares of Boeing in the third quarter worth about $26,000. Albion Financial Group UT acquired a new position in shares of Boeing during the 2nd quarter valued at about $34,000. Cypress Capital LLC raised its stake in shares of Boeing by 143.9% in the 1st quarter. Cypress Capital LLC now owns 161 shares of the aircraft producer’s stock valued at $41,000 after acquiring an additional 95 shares in the last quarter. Finally, Smith Asset Management Group LP acquired a new stake in Boeing in the 2nd quarter worth approximately $43,000. 53.44% of the stock is currently owned by hedge funds and other institutional investors.

BA traded up $1.47 on Friday, hitting $210.60. 5,437,620 shares of the company were exchanged, compared to its average volume of 12,375,479. The business’s fifty day moving average is $218.16 and its 200 day moving average is $226.58. The firm has a market capitalization of $123.77 billion, a P/E ratio of -14.27 and a beta of 1.52. Boeing has a fifty-two week low of $191.85 and a fifty-two week high of $278.57.

About Boeing

The Boeing Co is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space and security systems. It operates through the following segments: Commercial Airplanes; Defense, Space and Security; Global Services; and Boeing Capital. The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide.

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