Equities analysts expect Boeing Co (NYSE:BA) to announce $19.48 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Boeing’s earnings, with estimates ranging from $18.66 billion to $20.26 billion. Boeing posted sales of $24.26 billion in the same quarter last year, which would indicate a negative year over year growth rate of 19.7%. The firm is expected to report its next quarterly earnings results on Wednesday, July 24th.

On average, analysts expect that Boeing will report full year sales of $98.87 billion for the current fiscal year, with estimates ranging from $92.02 billion to $102.58 billion. For the next year, analysts anticipate that the firm will report sales of $118.28 billion, with estimates ranging from $115.95 billion to $122.74 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Boeing.

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

Several research analysts have commented on BA shares. Morgan Stanley raised their target price on shares of Boeing from $450.00 to $500.00 and gave the stock an “overweight” rating in a report on Thursday, February 28th. Goldman Sachs Group set a $393.00 target price on shares of Boeing and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Nord/LB reiterated a “sell” rating and issued a $300.00 target price on shares of Boeing in a report on Wednesday, March 13th. Edward Jones cut shares of Boeing from a “buy” rating to a “hold” rating in a report on Monday, March 11th. Finally, Citigroup started coverage on shares of Boeing in a report on Wednesday, March 27th. They issued a “buy” rating for the company. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $407.97.

Shares of BA traded down $2.30 during midday trading on Friday, hitting $347.03. The stock had a trading volume of 2,320,875 shares, compared to its average volume of 6,190,047. Boeing has a fifty-two week low of $292.47 and a fifty-two week high of $446.01. The stock has a market cap of $196.14 billion, a price-to-earnings ratio of 21.68, a PEG ratio of 2.19 and a beta of 1.31. The company has a debt-to-equity ratio of 48.98, a current ratio of 1.07 and a quick ratio of 0.29.

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 10th were given a $2.055 dividend. This represents a $8.22 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date was Thursday, May 9th. Boeing’s dividend payout ratio (DPR) is 51.34%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund raised its holdings in Boeing by 21,969.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 40,328,303 shares of the aircraft producer’s stock worth $125,000 after purchasing an additional 40,145,567 shares during the last quarter. FMR LLC raised its holdings in Boeing by 26.5% during the 1st quarter. FMR LLC now owns 11,041,836 shares of the aircraft producer’s stock worth $4,211,577,000 after purchasing an additional 2,311,630 shares during the last quarter. Newport Trust Co grew its position in shares of Boeing by 4.2% during the 4th quarter. Newport Trust Co now owns 33,492,259 shares of the aircraft producer’s stock worth $10,801,254,000 after buying an additional 1,363,909 shares during the period. Egerton Capital UK LLP acquired a new position in shares of Boeing during the 1st quarter worth about $347,625,000. Finally, BlackRock Inc. grew its position in shares of Boeing by 2.7% during the 1st quarter. BlackRock Inc. now owns 33,817,227 shares of the aircraft producer’s stock worth $12,898,566,000 after buying an additional 896,673 shares during the period. 68.04% of the stock is owned by institutional investors and hedge funds.

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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