Equities analysts expect The Boeing Company (NYSE:BA) to report sales of $19.23 billion for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for The Boeing’s earnings, with estimates ranging from $17.21 billion to $20.94 billion. The Boeing reported sales of $11.81 billion during the same quarter last year, which would suggest a positive year over year growth rate of 62.8%. The firm is expected to report its next quarterly earnings results on Wednesday, August 4th.
On average, analysts expect that The Boeing will report full-year sales of $80.75 billion for the current fiscal year, with estimates ranging from $74.36 billion to $85.88 billion. For the next year, analysts anticipate that the business will post sales of $91.31 billion, with estimates ranging from $88.73 billion to $94.25 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover The Boeing.
The Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, April 27th. The aircraft producer reported ($1.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.36). The company had revenue of $15.22 billion for the quarter, compared to analyst estimates of $15.95 billion. During the same period in the previous year, the business earned ($1.70) EPS. The business’s revenue was down 10.0% compared to the same quarter last year.
Several research analysts recently commented on the stock. Susquehanna Bancshares raised their price objective on shares of The Boeing from $250.00 to $300.00 and gave the stock a “positive” rating in a report on Friday, March 19th. JPMorgan Chase & Co. lifted their price target on The Boeing from $230.00 to $260.00 and gave the company a “neutral” rating in a research report on Wednesday, April 14th. Susquehanna increased their price objective on The Boeing from $250.00 to $300.00 and gave the stock a “positive” rating in a report on Thursday, March 25th. Wells Fargo & Company initiated coverage on The Boeing in a research note on Tuesday. They issued an “equal weight” rating and a $244.00 target price for the company. Finally, Sanford C. Bernstein upgraded The Boeing from an “underperform” rating to a “market perform” rating and upped their price target for the company from $196.00 to $229.00 in a research report on Monday, May 10th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $246.04.
In other The Boeing news, insider Carol J. Hibbard sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 13th. The stock was sold at an average price of $224.97, for a total transaction of $449,940.00. Following the completion of the transaction, the insider now owns 7,462 shares of the company’s stock, valued at approximately $1,678,726.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.16% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. CFO4Life Group LLC purchased a new stake in The Boeing in the fourth quarter worth $216,000. North Star Investment Management Corp. increased its stake in shares of The Boeing by 6.7% in the 4th quarter. North Star Investment Management Corp. now owns 4,693 shares of the aircraft producer’s stock worth $1,005,000 after acquiring an additional 295 shares in the last quarter. HBW Advisory Services LLC lifted its position in The Boeing by 35.0% during the 4th quarter. HBW Advisory Services LLC now owns 1,668 shares of the aircraft producer’s stock valued at $357,000 after acquiring an additional 432 shares during the period. First Hawaiian Bank lifted its position in The Boeing by 12.1% during the 4th quarter. First Hawaiian Bank now owns 6,445 shares of the aircraft producer’s stock valued at $1,380,000 after acquiring an additional 695 shares during the period. Finally, CX Institutional boosted its stake in The Boeing by 69.2% during the fourth quarter. CX Institutional now owns 675 shares of the aircraft producer’s stock worth $144,000 after acquiring an additional 276 shares in the last quarter. Institutional investors own 51.41% of the company’s stock.
NYSE:BA traded up $3.23 during trading hours on Thursday, reaching $227.65. The stock had a trading volume of 9,161,488 shares, compared to its average volume of 15,243,357. The stock has a market cap of $133.13 billion, a P/E ratio of -28.85, a price-to-earnings-growth ratio of 101.91 and a beta of 1.65. The stock has a 50 day simple moving average of $240.44 and a 200 day simple moving average of $221.89. The Boeing has a 12-month low of $135.78 and a 12-month high of $278.57.
The 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 through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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