Boeing (BA) Set to Announce Earnings on Wednesday
Boeing (NYSE:BA) is set to post its quarterly earnings results before the market opens on Wednesday, October 24th. Analysts expect Boeing to post earnings of $3.49 per share for the quarter. Boeing has set its FY18 guidance at $14.30-14.50 EPS.
Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, July 25th. The aircraft producer reported $3.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.45 by ($0.12). The company had revenue of $24.26 billion during the quarter, compared to analyst estimates of $24.02 billion. Boeing had a net margin of 9.92% and a return on equity of 2,344.87%. The business’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.55 EPS. On average, analysts expect Boeing to post $15 EPS for the current fiscal year and $17 EPS for the next fiscal year.
Shares of BA stock opened at $368.25 on Wednesday. The stock has a market capitalization of $213.66 billion, a P/E ratio of 30.02, a P/E/G ratio of 1.85 and a beta of 1.39. Boeing has a 52-week low of $254.50 and a 52-week high of $394.28. The company has a debt-to-equity ratio of -7.65, a quick ratio of 0.32 and a current ratio of 1.11.
An institutional investor recently raised its position in Boeing stock. Argent Trust Co lifted its position in shares of Boeing Co (NYSE:BA) by 5.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,625 shares of the aircraft producer’s stock after acquiring an additional 271 shares during the quarter. Argent Trust Co’s holdings in Boeing were worth $1,659,000 at the end of the most recent quarter. 69.71% of the stock is currently 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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