Zacks: Analysts Anticipate Boeing Co (BA) Will Announce Quarterly Sales of $22.41 Billion
Brokerages expect that Boeing Co (NYSE:BA) will report sales of $22.41 billion for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Boeing’s earnings, with the highest sales estimate coming in at $22.95 billion and the lowest estimate coming in at $21.98 billion. Boeing reported sales of $20.98 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.8%. The business is scheduled to issue its next quarterly earnings report on Wednesday, April 25th.
On average, analysts expect that Boeing will report full year sales of $22.41 billion for the current fiscal year, with estimates ranging from $96.76 billion to $97.92 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $103.16 billion per share, with estimates ranging from $101.48 billion to $104.33 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover Boeing.
Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.91 by $1.89. The business had revenue of $25.37 billion during the quarter, compared to analyst estimates of $24.78 billion. Boeing had a net margin of 8.78% and a negative return on equity of 11,050.62%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.47 earnings per share.
In other Boeing news, CFO Gregory D. Smith sold 36,079 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $337.43, for a total transaction of $12,174,136.97. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.28% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Stonehearth Capital Management LLC bought a new stake in shares of Boeing in the fourth quarter valued at approximately $105,000. Solaris Asset Management LLC bought a new stake in shares of Boeing in the fourth quarter valued at approximately $111,000. Lipe & Dalton bought a new stake in shares of Boeing in the third quarter valued at approximately $100,000. Burt Wealth Advisors bought a new stake in shares of Boeing in the third quarter valued at approximately $100,000. Finally, Welch Group LLC bought a new stake in shares of Boeing in the fourth quarter valued at approximately $120,000. Institutional investors own 76.55% of the company’s stock.
Boeing (NYSE:BA) traded down $8.41 during midday trading on Friday, hitting $330.26. 13,052,082 shares of the stock were exchanged, compared to its average volume of 6,280,000. The company has a quick ratio of 0.37, a current ratio of 1.16 and a debt-to-equity ratio of 23.74. The stock has a market capitalization of $194,350.00, a price-to-earnings ratio of 28.16, a price-to-earnings-growth ratio of 1.78 and a beta of 1.37. Boeing has a 1-year low of $173.75 and a 1-year high of $371.60.
Boeing declared that its Board of Directors has approved a stock repurchase plan on Monday, December 11th that authorizes the company to buyback $18.00 billion in outstanding shares. This buyback authorization authorizes the aircraft producer to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
Boeing Company Profile
The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.
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