$19.48 Billion in Sales Expected for Boeing Co (BA) This Quarter
Wall Street brokerages expect Boeing Co (NYSE:BA) to announce $19.48 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Boeing’s earnings, with estimates ranging from $18.66 billion to $20.26 billion. Boeing posted sales of $24.26 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 19.7%. The business is scheduled to report its next earnings results on Wednesday, July 24th.
On average, analysts expect that Boeing will report full year sales of $98.87 billion for the current fiscal year, with estimates ranging from $92.02 billion to $102.58 billion. For the next financial year, analysts anticipate that the company will post sales of $118.28 billion, with estimates ranging from $115.95 billion to $122.74 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Boeing.
Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported $3.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.11 by $0.05. The firm had revenue of $22.92 billion during the quarter, compared to analysts’ expectations of $23.04 billion. Boeing had a net margin of 10.06% and a negative return on equity of 1,857.97%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the company posted $3.64 EPS.
NYSE:BA opened at $345.64 on Thursday. The company has a debt-to-equity ratio of 48.98, a current ratio of 1.07 and a quick ratio of 0.29. The company has a market cap of $189.81 billion, a P/E ratio of 21.59, a P/E/G ratio of 2.08 and a beta of 1.30. Boeing has a fifty-two week low of $292.47 and a fifty-two week high of $446.01.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 10th will be issued a dividend of $2.055 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $8.22 dividend on an annualized basis and a yield of 2.38%. Boeing’s dividend payout ratio (DPR) is presently 51.34%.
Institutional investors have recently added to or reduced their stakes in the business. Paragon Capital Management LLC purchased a new position in shares of Boeing in the 1st quarter valued at $25,000. Essex Investment Management Co. LLC purchased a new position in shares of Boeing in the 1st quarter valued at $28,000. WealthBridge Capital Management LLC grew its position in shares of Boeing by 236.0% in the 1st quarter. WealthBridge Capital Management LLC now owns 84 shares of the aircraft producer’s stock valued at $30,000 after buying an additional 59 shares during the last quarter. Ironwood Financial llc purchased a new position in shares of Boeing in the 4th quarter valued at $32,000. Finally, Next Capital Management LLC purchased a new position in shares of Boeing in the 4th quarter valued at $32,000. Institutional investors own 68.95% of the company’s stock.
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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