Boeing (BA) Set to Announce Earnings on Wednesday

Boeing (NYSE:BA) will be releasing its earnings data before the market opens on Wednesday, October 23rd. Analysts expect Boeing to post earnings of $2.33 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Boeing (NYSE:BA) last released its earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.85 by $1.07. Boeing had a negative return on equity of 632.24% and a net margin of 5.42%. The business had revenue of $15.75 billion during the quarter, compared to the consensus estimate of $15.05 billion. During the same period last year, the business posted $3.33 earnings per share. The business’s revenue for the quarter was down 35.1% on a year-over-year basis. On average, analysts expect Boeing to post $3 EPS for the current fiscal year and $21 EPS for the next fiscal year.

NYSE:BA opened at $344.00 on Monday. The company has a debt-to-equity ratio of 48.98, a current ratio of 1.03 and a quick ratio of 0.29. The business has a fifty day simple moving average of $373.16 and a two-hundred day simple moving average of $362.44. Boeing has a 1 year low of $292.47 and a 1 year high of $446.01. The company has a market capitalization of $207.67 billion, a P/E ratio of 21.49, a P/E/G ratio of 12.51 and a beta of 1.25.

A number of research firms have recently commented on BA. Buckingham Research set a $395.00 price target on Boeing and gave the stock a “hold” rating in a report on Tuesday, October 8th. Canaccord Genuity dropped coverage on Boeing in a report on Friday. Jefferies Financial Group cut their price target on Boeing from $448.00 to $420.00 and set a “buy” rating for the company in a report on Friday, July 19th. Morgan Stanley set a $500.00 price target on Boeing and gave the stock a “buy” rating in a report on Thursday, September 12th. Finally, Cowen set a $460.00 price target on Boeing and gave the stock a “buy” rating in a report on Friday, October 11th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $402.42.

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 for Boeing (NYSE:BA)

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