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Stock Update (NYSE:BA): Boeing Board Approves Quarterly Dividend

[PR Newswire] – CHICAGO, June 27, 2016 /PRNewswire/ — Boeing Chairman, President and Chief Executive Officer Dennis Muilenburg reports that the board of directors today declared a regular quarterly dividend … Read more on this. The Boeing Company (BA) , with a current value of $78.16B, opened at $125.68. Looking at the equity, the company’s one day range is $122.35 to $125.75 and has traded between $102.10 and $150.59 over the past 12 months. BA shares are currently priced at 14.90x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 26.10x forward p/e ratio. And for dividend hunters, the company pays shareholders $4.36 per share annually in dividends, yielding 3.45%. According to a consensus of 16 analysts, the earnings estimate of $2.15 per share would be $0.53 better than the year-ago quarter and a $0.03 sequential increase. The full-year EPS estimate is $8.49 which would be a $0.77 better than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $23.22 Billion. If realized, that would be a 5.38% decrease over the year-ago quarter. In terms of ratings, Morgan Stanley Initiated BA at Overweight (Jun 23, 2016). Previously, BofA/Merrill downgraded BA from Neutral to Underperform. When considering if the stock is under or overvalued, the average price target is $148.33, which is 18.02% above where the stock opened this morning. See more in (NYSE:BA) Similar Articles: Market Update: The Boeing Company (NYSE:BA) – INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Investors of Class Action Lawsuit Against The Boeing Company and Its Board of Directors and a Lead Plaintiff Deadline of April 22, 2016 Market Update: The Boeing Company (NYSE:BA) – INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Investors of Class Action Lawsuit Against The Boeing Company and Its Board of Directors and a Lead Plaintiff Deadline of April 22, 2016 – BA Stock Update: The Boeing Company (NYSE:BA) – FAA orders checks on fuel valves in Boeing planes
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