$3.52 EPS Expected for Boeing Co (BA) This Quarter
Analysts expect that Boeing Co (NYSE:BA) will post earnings per share (EPS) of $3.52 for the current quarter, according to Zacks. Five analysts have provided estimates for Boeing’s earnings, with the highest EPS estimate coming in at $3.84 and the lowest estimate coming in at $3.28. Boeing reported earnings of $2.72 per share during the same quarter last year, which suggests a positive year over year growth rate of 29.4%. The business is expected to report its next quarterly earnings report on Wednesday, October 24th.
According to Zacks, analysts expect that Boeing will report full-year earnings of $14.61 per share for the current financial year, with EPS estimates ranging from $14.44 to $14.86. For the next financial year, analysts expect that the company will post earnings of $17.32 per share, with EPS estimates ranging from $16.80 to $18.20. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Boeing.
Boeing (NYSE:BA) last released its earnings results on Wednesday, July 25th. The aircraft producer reported $3.33 earnings per share for the quarter, missing analysts’ consensus estimates of $3.45 by ($0.12). Boeing had a net margin of 9.92% and a return on equity of 2,344.87%. The company had revenue of $24.26 billion during the quarter, compared to the consensus estimate of $24.02 billion. During the same period last year, the firm posted $2.55 EPS. The company’s revenue was up 5.2% on a year-over-year basis.
Several large investors have recently made changes to their positions in BA. Summit Trail Advisors LLC raised its position in shares of Boeing by 33,457.1% in the 1st quarter. Summit Trail Advisors LLC now owns 3,700,676 shares of the aircraft producer’s stock worth $3,701,000 after acquiring an additional 3,689,648 shares in the last quarter. Cornerstone Wealth Management LLC raised its position in shares of Boeing by 33,433.9% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 2,409,747 shares of the aircraft producer’s stock worth $7,169,000 after acquiring an additional 2,402,561 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Boeing by 23.3% in the 2nd quarter. Janus Henderson Group PLC now owns 5,928,288 shares of the aircraft producer’s stock worth $1,989,009,000 after acquiring an additional 1,121,675 shares in the last quarter. FMR LLC raised its position in shares of Boeing by 16.0% in the 2nd quarter. FMR LLC now owns 7,415,662 shares of the aircraft producer’s stock worth $2,488,029,000 after acquiring an additional 1,023,959 shares in the last quarter. Finally, Boston Partners bought a new position in shares of Boeing in the 2nd quarter worth approximately $328,421,000. 69.74% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE BA traded up $4.34 during midday trading on Thursday, reaching $359.80. The company had a trading volume of 2,827,403 shares, compared to its average volume of 2,884,343. Boeing has a one year low of $246.21 and a one year high of $374.48. The company has a current ratio of 1.11, a quick ratio of 0.32 and a debt-to-equity ratio of -7.65. The firm has a market cap of $203.04 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 1.76 and a beta of 1.44.
The company also recently announced a quarterly dividend, which was paid on Friday, September 7th. Stockholders of record on Friday, August 10th were given a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Thursday, August 9th. Boeing’s dividend payout ratio is currently 56.81%.
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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