Boeing Co (NYSE:BA) Expected to Announce Quarterly Sales of $20.71 Billion – TechNewsObserver
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 financial year, analysts anticipate that the business will post sales of $122.88 billion, with estimates ranging from $117.85 billion to $128.59 billion. The firm had revenue of $15.75 billion during the quarter, compared to the consensus estimate of $15.05 billion. Finally, JPMorgan Chase & Co. cut their price objective on Boeing from $430.00 to $425.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Price T Rowe Associates Inc. MD now owns 35,740,551 shares of the aircraft producer’s stock valued at $13,009,918,000 after buying an additional 2,607,364 shares in the last quarter.