Zacks: Brokerages Anticipate Boeing Co (BA) to Post $1.81 Earnings Per Share

Equities analysts expect Boeing Co (NYSE:BA) to post earnings of $1.81 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Boeing’s earnings, with estimates ranging from $1.38 to $2.39. Boeing posted earnings of $3.33 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 45.6%. The firm is scheduled to announce its next earnings report on Wednesday, July 24th.

According to Zacks, analysts expect that Boeing will report full-year earnings of $14.43 per share for the current fiscal year, with EPS estimates ranging from $11.85 to $16.37. For the next year, analysts anticipate that the business will report earnings of $21.70 per share, with EPS estimates ranging from $16.80 to $23.55. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Boeing.

Boeing (NYSE:BA) last released its earnings results on Wednesday, April 24th. The aircraft producer reported $3.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.11 by $0.05. Boeing had a negative return on equity of 1,857.97% and a net margin of 10.06%. The business had revenue of $22.92 billion during the quarter, compared to the consensus estimate of $23.04 billion. During the same period last year, the business posted $3.64 earnings per share. The business’s revenue for the quarter was down 2.0% on a year-over-year basis.

A number of research firms have issued reports on BA. Goldman Sachs Group reissued a “neutral” rating and issued a $393.00 target price on shares of Boeing in a research report on Monday, April 8th. Berenberg Bank set a $430.00 target price on Boeing and gave the stock a “buy” rating in a research report on Thursday, April 25th. ValuEngine downgraded Boeing from a “buy” rating to a “hold” rating in a research report on Monday. Cowen reissued a “buy” rating and issued a $460.00 target price on shares of Boeing in a research report on Monday, April 8th. Finally, Zacks Investment Research downgraded Boeing from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $413.01.

Institutional investors have recently bought and sold shares of the company. Lenox Wealth Management Inc. lifted its stake in Boeing by 2.6% during the first quarter. Lenox Wealth Management Inc. now owns 1,089 shares of the aircraft producer’s stock worth $415,000 after purchasing an additional 28 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in Boeing by 1.0% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 2,851 shares of the aircraft producer’s stock worth $919,000 after purchasing an additional 29 shares during the last quarter. Wealth Architects LLC lifted its stake in Boeing by 4.2% during the first quarter. Wealth Architects LLC now owns 726 shares of the aircraft producer’s stock worth $277,000 after purchasing an additional 29 shares during the last quarter. Cardan Capital Partners LLC lifted its stake in Boeing by 1.9% during the first quarter. Cardan Capital Partners LLC now owns 1,607 shares of the aircraft producer’s stock worth $613,000 after purchasing an additional 30 shares during the last quarter. Finally, Howe & Rusling Inc. lifted its stake in Boeing by 1.3% during the fourth quarter. Howe & Rusling Inc. now owns 2,416 shares of the aircraft producer’s stock worth $779,000 after purchasing an additional 31 shares during the last quarter. 68.95% of the stock is owned by hedge funds and other institutional investors.

NYSE:BA opened at $353.81 on Tuesday. The company has a debt-to-equity ratio of 48.98, a current ratio of 1.07 and a quick ratio of 0.29. Boeing has a 1 year low of $292.47 and a 1 year high of $446.01. The firm has a market capitalization of $194.47 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 2.13 and a beta of 1.30.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 10th will be issued a $2.055 dividend. This represents a $8.22 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, May 9th. Boeing’s payout ratio 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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