FY2018 EPS Estimates for Spirit AeroSystems Holdings, Inc. (SPR) Cut by Seaport Global Securities
Spirit AeroSystems Holdings, Inc. (NYSE:SPR) – Research analysts at Seaport Global Securities dropped their FY2018 EPS estimates for shares of Spirit AeroSystems Holdings in a report issued on Wednesday. Seaport Global Securities analyst J. Sullivan now expects that the aerospace company will post earnings per share of $5.29 for the year, down from their prior estimate of $5.59.
Spirit AeroSystems Holdings (NYSE:SPR) last released its quarterly earnings data on Wednesday, May 3rd. The aerospace company reported $1.17 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.17. Spirit AeroSystems Holdings had a return on equity of 29.36% and a net margin of 6.91%. The company earned $1.69 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the firm posted $1.29 earnings per share. The firm’s revenue was up .7% compared to the same quarter last year.
TRADEMARK VIOLATION NOTICE: “FY2018 EPS Estimates for Spirit AeroSystems Holdings, Inc. (SPR) Cut by Seaport Global Securities” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was copied illegally and reposted in violation of international copyright and trademark laws. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/05/08/fy2018-eps-estimates-for-spirit-aerosystems-holdings-inc-spr-cut-by-seaport-global-securities.html.
A number of other equities analysts have also recently commented on SPR. Barclays PLC lifted their price target on Spirit AeroSystems Holdings from $62.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, March 20th. Standpoint Research cut Spirit AeroSystems Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, February 28th. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $74.00 price target on shares of Spirit AeroSystems Holdings in a research note on Friday. Robert W. Baird reaffirmed an “outperform” rating and issued a $64.00 price target on shares of Spirit AeroSystems Holdings in a research note on Friday, January 20th. Finally, Zacks Investment Research cut Spirit AeroSystems Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, January 12th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $60.79.
Spirit AeroSystems Holdings (NYSE:SPR) opened at 53.93 on Monday. The firm has a market cap of $6.51 billion, a P/E ratio of 15.21 and a beta of 1.33. Spirit AeroSystems Holdings has a 1-year low of $41.27 and a 1-year high of $62.90. The stock has a 50 day moving average price of $57.04 and a 200 day moving average price of $57.22.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 10th. Investors of record on Monday, June 19th will be paid a $0.10 dividend. The ex-dividend date is Thursday, June 15th. This represents a $0.40 annualized dividend and a yield of 0.74%. Spirit AeroSystems Holdings’s payout ratio is 10.84%.
A number of large investors have recently modified their holdings of the company. Scopia Capital Management LP purchased a new stake in shares of Spirit AeroSystems Holdings during the third quarter valued at $564,617,000. Russell Investments Group Ltd. purchased a new stake in shares of Spirit AeroSystems Holdings during the fourth quarter valued at $116,814,000. LSV Asset Management boosted its stake in shares of Spirit AeroSystems Holdings by 85.6% in the first quarter. LSV Asset Management now owns 3,159,715 shares of the aerospace company’s stock valued at $183,010,000 after buying an additional 1,457,025 shares during the last quarter. Norges Bank purchased a new stake in shares of Spirit AeroSystems Holdings during the fourth quarter valued at $72,764,000. Finally, Two Sigma Investments LP boosted its stake in shares of Spirit AeroSystems Holdings by 921.2% in the fourth quarter. Two Sigma Investments LP now owns 939,302 shares of the aerospace company’s stock valued at $54,808,000 after buying an additional 847,324 shares during the last quarter.
About Spirit AeroSystems Holdings
Spirit AeroSystems Holdings, Inc is a non-original equipment manufacturer (OEM), aircraft parts designer and manufacturer of commercial aero-structures. The Company is also a supplier of aero-structures. The Company operates through three segments: Fuselage Systems, Propulsion Systems and Wing Systems.
Receive News & Ratings for Spirit AeroSystems Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirit AeroSystems Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.