Wall Street brokerages forecast that Boeing (NYSE:BA) will report earnings of $3.44 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Boeing’s earnings. The lowest EPS estimate is $3.17 and the highest is $3.59. Boeing posted earnings per share of $2.55 in the same quarter last year, which suggests a positive year-over-year growth rate of 34.9%. The company is expected to report its next quarterly earnings report on Wednesday, July 25th.

On average, analysts expect that Boeing will report full-year earnings of $14.37 per share for the current year, with EPS estimates ranging from $13.90 to $15.05. For the next year, analysts anticipate that the business will post earnings of $16.76 per share, with EPS estimates ranging from $16.20 to $17.55. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Boeing.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, April 25th. The aircraft producer reported $3.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $1.05. The firm had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $22.22 billion. Boeing had a return on equity of 3,774.27% and a net margin of 9.63%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.01 EPS.

Several research firms have recently weighed in on BA. Canaccord Genuity increased their price target on Boeing from $290.00 to $345.00 and gave the stock a “hold” rating in a research note on Thursday, February 1st. Wells Fargo reiterated a “market perform” rating and set a $365.00 price target (up previously from $330.00) on shares of Boeing in a research note on Thursday, February 1st. ValuEngine upgraded Boeing from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Morgan Stanley reiterated an “equal weight” rating and set a $373.00 price target (up previously from $340.00) on shares of Boeing in a research note on Friday, February 23rd. Finally, Royal Bank of Canada set a $363.00 price target on Boeing and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. Seven investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $374.03.

In related news, CFO Gregory D. Smith sold 36,079 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $337.43, for a total transaction of $12,174,136.97. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.24% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in BA. Lipe & Dalton bought a new position in Boeing during the 3rd quarter worth approximately $100,000. Burt Wealth Advisors bought a new position in Boeing during the 3rd quarter worth approximately $100,000. Stonehearth Capital Management LLC bought a new position in Boeing during the 4th quarter worth approximately $105,000. Solaris Asset Management LLC bought a new position in Boeing during the 4th quarter worth approximately $111,000. Finally, Clear Perspective Advisors LLC grew its position in Boeing by 31.0% during the 2nd quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock worth $113,000 after acquiring an additional 135 shares during the last quarter. 70.78% of the stock is currently owned by institutional investors.

BA stock opened at $340.88 on Friday. The company has a quick ratio of 0.37, a current ratio of 1.15 and a debt-to-equity ratio of 8.07. The firm has a market cap of $201,769.78, a PE ratio of 28.31, a PEG ratio of 1.73 and a beta of 1.39. Boeing has a fifty-two week low of $175.47 and a fifty-two week high of $371.60.

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 in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Earnings History and Estimates for Boeing (NYSE:BA)

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