Brokerages Expect The Boeing Company (NYSE:BA) Will Post Quarterly Sales of $18.82 Billion

Equities analysts expect The Boeing Company (NYSE:BA – Get Rating) to post $18.82 billion in sales for the current quarter, according to Zacks. Four analysts have provided estimates for Boeing’s earnings, with the lowest sales estimate coming in at $17.07 billion and the highest estimate coming in at $20.39 billion. Boeing posted sales of $17.00 billion in the same quarter last year, which suggests a positive year over year growth rate of 10.7%. The company is scheduled to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Boeing will report full year sales of $76.55 billion for the current financial year, with estimates ranging from $71.51 billion to $81.77 billion. For the next fiscal year, analysts expect that the firm will report sales of $91.30 billion, with estimates ranging from $88.17 billion to $94.34 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Boeing.

Boeing (NYSE:BA – Get Rating) last posted its quarterly earnings results on Wednesday, April 27th. The aircraft producer reported ($2.75) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($2.49). The business had revenue of $13.99 billion for the quarter, compared to the consensus estimate of $15.90 billion. The company’s revenue was down 8.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.53) earnings per share.

BA has been the subject of a number of recent research reports. Zacks Investment Research lowered Boeing from a “hold” rating to a “strong sell” rating and set a $163.00 price objective for the company. in a research note on Friday, April 1st. Susquehanna Bancshares dropped their price objective on shares of Boeing from $193.00 to $192.00 and set a “positive” rating on the stock in a research note on Friday, May 20th. StockNews.com cut shares of Boeing from a “hold” rating to a “sell” rating in a research note on Friday, May 6th. Jefferies Financial Group dropped their price target on shares of Boeing from $270.00 to $225.00 and set a “buy” rating on the stock in a research report on Monday, May 2nd. Finally, Cowen cut their price objective on shares of Boeing from $265.00 to $230.00 and set an “outperform” rating for the company in a report on Monday, March 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $225.10.

NYSE BA opened at $119.40 on Wednesday. Boeing has a 1 year low of $117.08 and a 1 year high of $258.40. The company has a market capitalization of $70.64 billion, a PE ratio of -14.44 and a beta of 1.47. The company has a fifty day moving average of $165.30 and a 200 day moving average of $191.13.

A number of institutional investors have recently made changes to their positions in BA. M Holdings Securities Inc. acquired a new stake in Boeing during the 1st quarter worth approximately $977,000. Carlson Capital Management purchased a new stake in shares of Boeing during the first quarter worth $240,000. Reynolds Investment Management Inc. acquired a new stake in shares of Boeing in the first quarter valued at $481,000. Northern Oak Wealth Management Inc. boosted its holdings in Boeing by 343.5% in the first quarter. Northern Oak Wealth Management Inc. now owns 10,516 shares of the aircraft producer’s stock valued at $2,014,000 after purchasing an additional 8,145 shares during the period. Finally, Neuberger Berman Group LLC grew its stake in Boeing by 501.4% during the 1st quarter. Neuberger Berman Group LLC now owns 582,947 shares of the aircraft producer’s stock worth $111,612,000 after purchasing an additional 486,012 shares in the last quarter. Institutional investors own 53.96% 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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