Brokerages Anticipate The Boeing Company (NYSE:BA) Will Post Quarterly Sales of $15.50 Billion

Equities research analysts predict that The Boeing Company (NYSE:BAGet Rating) will announce sales of $15.50 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Boeing’s earnings. The lowest sales estimate is $14.14 billion and the highest is $16.32 billion. Boeing posted sales of $15.22 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 1.8%. The company is scheduled to report its next quarterly earnings report before the market opens on Monday, January 1st.

On average, analysts expect that Boeing will report full-year sales of $81.58 billion for the current fiscal year, with estimates ranging from $78.24 billion to $84.27 billion. For the next financial year, analysts forecast that the business will post sales of $92.12 billion, with estimates ranging from $87.66 billion to $96.26 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Boeing.

Boeing (NYSE:BAGet Rating) last issued its quarterly earnings data on Wednesday, January 26th. The aircraft producer reported ($7.69) EPS for the quarter, missing the consensus estimate of ($0.09) by ($7.60). The company had revenue of $14.79 billion for the quarter, compared to the consensus estimate of $16.66 billion. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($15.25) earnings per share.

Several equities analysts recently commented on BA shares. Langenberg & Company started coverage on shares of Boeing in a research note on Wednesday, March 9th. They set a “buy” rating for the company. StockNews.com cut shares of Boeing from a “hold” rating to a “sell” rating in a research note on Wednesday. UBS Group set a $290.00 price objective on shares of Boeing in a research note on Tuesday, March 22nd. Morgan Stanley reduced their price objective on shares of Boeing from $288.00 to $230.00 and set an “overweight” rating for the company in a research note on Friday, April 8th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $306.00 target price on shares of Boeing in a research report on Wednesday, April 6th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $251.20.

Shares of NYSE:BA opened at $182.87 on Thursday. The company has a 50 day moving average of $193.12 and a 200 day moving average of $205.05. Boeing has a 12 month low of $167.58 and a 12 month high of $258.40.

In other news, Director Steven M. Mollenkopf purchased 480 shares of the stock in a transaction that occurred on Tuesday, February 1st. The stock was bought at an average cost of $208.39 per share, for a total transaction of $100,027.20. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Lawrence W. Kellner purchased 5,000 shares of the stock in a transaction that occurred on Monday, February 14th. The shares were purchased at an average price of $208.91 per share, with a total value of $1,044,550.00. The disclosure for this purchase can be found here. Insiders own 0.11% of the company’s stock.

Large investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in Boeing by 0.4% during the 4th quarter. BlackRock Inc. now owns 30,786,905 shares of the aircraft producer’s stock valued at $6,198,021,000 after purchasing an additional 136,818 shares during the period. Loomis Sayles & Co. L P increased its position in Boeing by 19.8% during the 4th quarter. Loomis Sayles & Co. L P now owns 13,367,929 shares of the aircraft producer’s stock valued at $2,691,231,000 after purchasing an additional 2,210,908 shares during the period. Geode Capital Management LLC increased its position in Boeing by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 8,616,520 shares of the aircraft producer’s stock valued at $1,729,452,000 after purchasing an additional 207,904 shares during the period. Northern Trust Corp increased its position in Boeing by 4.0% during the 4th quarter. Northern Trust Corp now owns 5,013,641 shares of the aircraft producer’s stock valued at $1,009,346,000 after purchasing an additional 193,777 shares during the period. Finally, Bank of Montreal Can increased its position in Boeing by 165.0% during the 4th quarter. Bank of Montreal Can now owns 4,377,572 shares of the aircraft producer’s stock valued at $1,015,817,000 after purchasing an additional 2,725,602 shares during the period. Institutional investors own 54.00% of the company’s stock.

About Boeing (Get Rating)

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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