The Boeing Company (NYSE:BA) Expected to Post Earnings of $0.10 Per Share

Equities analysts predict that The Boeing Company (NYSE:BAGet Rating) will report earnings per share of $0.10 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Boeing’s earnings, with the highest EPS estimate coming in at $0.29 and the lowest estimate coming in at ($0.31). Boeing reported earnings of $0.40 per share during the same quarter last year, which would suggest a negative year over year growth rate of 75%. The business is expected to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Boeing will report full-year earnings of $0.38 per share for the current fiscal year, with EPS estimates ranging from ($2.15) to $3.50. For the next fiscal year, analysts anticipate that the business will post earnings of $5.39 per share, with EPS estimates ranging from $3.75 to $7.08. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that cover Boeing.

Boeing (NYSE:BAGet Rating) last posted its quarterly earnings results on Wednesday, April 27th. The aircraft producer reported ($2.75) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($2.48). The company had revenue of $13.99 billion during the quarter, compared to analyst estimates of $15.90 billion. During the same period in the prior year, the firm earned ($1.53) EPS. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year.

A number of research firms recently commented on BA. Royal Bank of Canada reduced their price target on Boeing from $265.00 to $220.00 in a report on Thursday, April 28th. Wells Fargo & Company cut their price objective on shares of Boeing from $250.00 to $214.00 in a research report on Thursday, April 28th. The Goldman Sachs Group set a $300.00 price objective on shares of Boeing and gave the stock a “buy” rating in a research report on Wednesday, January 26th. Citigroup cut their price objective on shares of Boeing from $240.00 to $238.00 in a research report on Thursday, January 20th. Finally, Jefferies Financial Group cut their price objective on shares of Boeing from $270.00 to $225.00 and set a “buy” rating for the company in a research report on Monday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $229.24.

Boeing stock opened at $156.97 on Monday. Boeing has a 52 week low of $143.38 and a 52 week high of $258.40. The stock has a 50-day simple moving average of $180.73 and a 200 day simple moving average of $199.39.

In other news, Director Lawrence W. Kellner acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 14th. The shares were acquired at an average cost of $208.91 per share, with a total value of $1,044,550.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.11% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. CastleArk Alternatives LLC bought a new stake in shares of Boeing during the third quarter worth $3,761,000. Cubist Systematic Strategies LLC grew its stake in shares of Boeing by 47.0% during the third quarter. Cubist Systematic Strategies LLC now owns 55,867 shares of the aircraft producer’s stock worth $12,287,000 after buying an additional 17,869 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Boeing by 13.0% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 23,486 shares of the aircraft producer’s stock worth $5,166,000 after buying an additional 2,700 shares during the last quarter. Allworth Financial LP grew its stake in shares of Boeing by 11.3% during the fourth quarter. Allworth Financial LP now owns 10,140 shares of the aircraft producer’s stock worth $2,041,000 after buying an additional 1,029 shares during the last quarter. Finally, Wealthspire Advisors LLC grew its stake in shares of Boeing by 13.6% during the third quarter. Wealthspire Advisors LLC now owns 5,009 shares of the aircraft producer’s stock worth $1,102,000 after buying an additional 600 shares during the last quarter. 53.96% of the stock is currently owned by institutional investors and hedge funds.

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.

Read More

Get a free copy of the Zacks research report on Boeing (BA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Boeing (NYSE:BA)

Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.