Wall Street brokerages expect that Boeing Co (NYSE:BA) will report sales of $20.71 billion for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Boeing’s earnings, with estimates ranging from $20.45 billion to $21.27 billion. Boeing posted sales of $25.15 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 17.7%. The firm is scheduled to report its next quarterly earnings report on Wednesday, October 23rd.

On average, analysts expect that Boeing will report full-year sales of $85.61 billion for the current year, with estimates ranging from $81.61 billion to $88.62 billion. For the next fiscal year, analysts expect that the company will post sales of $122.88 billion, with estimates ranging from $117.85 billion to $128.59 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Boeing.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 EPS for the quarter, topping the consensus estimate of $1.85 by $1.07. The firm had revenue of $15.75 billion for the quarter, compared to the consensus estimate of $15.05 billion. Boeing had a net margin of 5.42% and a negative return on equity of 632.24%. The business’s quarterly revenue was down 35.1% on a year-over-year basis. During the same period last year, the company posted $3.33 EPS.

Several equities research analysts recently commented on the stock. Cowen set a $460.00 price objective on shares of Boeing and gave the company a “buy” rating in a research report on Tuesday. Zacks Investment Research upgraded Boeing from a “strong sell” rating to a “hold” rating and set a $301.00 target price for the company in a report on Monday, June 10th. Berenberg Bank restated a “buy” rating and issued a $400.00 price target on shares of Boeing in a report on Tuesday, August 6th. ValuEngine upgraded Boeing from a “hold” rating to a “buy” rating in a report on Tuesday, July 23rd. Finally, UBS Group set a $470.00 price objective on Boeing and gave the stock a “buy” rating in a research report on Monday. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $402.65.

Shares of BA stock traded up $13.45 during trading hours on Friday, hitting $382.94. 8,405,711 shares of the company were exchanged, compared to its average volume of 5,601,433. Boeing has a 52 week low of $292.47 and a 52 week high of $446.01. The company has a current ratio of 1.03, a quick ratio of 0.29 and a debt-to-equity ratio of 48.98. The business has a 50 day moving average of $347.54 and a two-hundred day moving average of $366.44. The company has a market capitalization of $201.89 billion, a PE ratio of 23.92, a PEG ratio of 10.62 and a beta of 1.25.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 9th were issued a $2.055 dividend. This represents a $8.22 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Thursday, August 8th. Boeing’s payout ratio is 51.34%.

A number of hedge funds have recently bought and sold shares of the business. NuWave Investment Management LLC grew its position in shares of Boeing by 554.5% in the 2nd quarter. NuWave Investment Management LLC now owns 72 shares of the aircraft producer’s stock valued at $26,000 after acquiring an additional 61 shares during the period. Nordea Investment Management AB raised its holdings in shares of Boeing by 128.1% in the 1st quarter. Nordea Investment Management AB now owns 73 shares of the aircraft producer’s stock valued at $28,000 after purchasing an additional 41 shares during the period. Guidant Wealth Advisors bought a new position in Boeing during the second quarter worth about $28,000. Transamerica Financial Advisors Inc. bought a new position in Boeing during the second quarter worth about $40,000. Finally, Next Capital Management LLC acquired a new position in Boeing during the second quarter worth approximately $42,000. Hedge funds and other institutional investors own 67.98% of the company’s stock.

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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