Spirit Aerosystems Holdings, Inc. (SPR) Set to Announce Quarterly Earnings on Tuesday
Spirit Aerosystems Holdings, Inc. (NYSE:SPR) is set to issue its quarterly earnings data on Tuesday, August 1st. Analysts expect the company to announce earnings of $1.21 per share for the quarter. Spirit Aerosystems Holdings has set its FY17 guidance at $4.60-4.85 EPS.
Spirit Aerosystems Holdings (NYSE:SPR) last posted its earnings results on Wednesday, May 3rd. The aerospace company reported $1.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.17. Spirit Aerosystems Holdings had a return on equity of 28.51% and a net margin of 6.46%. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the company earned $1.29 earnings per share. Spirit Aerosystems Holdings’s revenue was up .7% on a year-over-year basis. On average, analysts expect Spirit Aerosystems Holdings to post $4.82 EPS for the current fiscal year and $5.21 EPS for the next fiscal year.
Spirit Aerosystems Holdings, Inc. (NYSE:SPR) opened at 60.93 on Tuesday. The company has a market cap of $7.35 billion, a P/E ratio of 17.18 and a beta of 1.35. The firm has a 50-day moving average price of $58.13 and a 200-day moving average price of $57.55. Spirit Aerosystems Holdings, Inc. has a 12-month low of $42.26 and a 12-month high of $62.90.
The company also recently declared a quarterly dividend, which was paid on Monday, July 10th. Shareholders of record on Monday, June 19th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, June 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.66%. Spirit Aerosystems Holdings’s dividend payout ratio is currently 11.20%.
In related news, Director Richard A. Gephardt sold 4,247 shares of Spirit Aerosystems Holdings stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $58.00, for a total value of $246,326.00. Following the completion of the transaction, the director now owns 1,964 shares in the company, valued at approximately $113,912. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.28% of the company’s stock.
A number of analysts have commented on the company. UBS AG raised Spirit Aerosystems Holdings from a “neutral” rating to a “buy” rating and set a $63.00 price target for the company in a research report on Tuesday, May 9th. BidaskClub raised Spirit Aerosystems Holdings from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Morgan Stanley reaffirmed an “overweight” rating and set a $66.00 price target (down previously from $67.00) on shares of Spirit Aerosystems Holdings in a research report on Thursday, July 13th. Jefferies Group LLC set a $68.00 price target on Spirit Aerosystems Holdings and gave the stock a “buy” rating in a research report on Thursday, June 22nd. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $74.00 price target on shares of Spirit Aerosystems Holdings in a research report on Friday, May 5th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $62.93.
ILLEGAL ACTIVITY WARNING: This report was first reported by American Banking News and is the property of of American Banking News. If you are viewing this report on another domain, it was copied illegally and reposted in violation of U.S. & international copyright law. The correct version of this report can be accessed at https://www.americanbankingnews.com/2017/07/25/spirit-aerosystems-holdings-inc-spr-set-to-announce-quarterly-earnings-on-tuesday.html.
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.