Spirit Aerosystems Holdings, Inc. (NYSE:SPR) – Investment analysts at Jefferies Group upped their FY2017 earnings per share estimates for shares of Spirit Aerosystems Holdings in a research report issued to clients and investors on Thursday. Jefferies Group analyst H. Rubel now forecasts that the aerospace company will post earnings of $5.30 per share for the year, up from their prior forecast of $4.90. Jefferies Group currently has a “Buy” rating and a $68.00 target price on the stock. Jefferies Group also issued estimates for Spirit Aerosystems Holdings’ Q4 2017 earnings at $1.28 EPS, FY2018 earnings at $5.55 EPS, FY2019 earnings at $5.90 EPS and FY2020 earnings at $6.30 EPS.

Spirit Aerosystems Holdings (NYSE:SPR) last announced its earnings results on Wednesday, August 2nd. The aerospace company reported $1.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.37. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.74 billion. Spirit Aerosystems Holdings had a net margin of 4.97% and a return on equity of 30.43%. Spirit Aerosystems Holdings’s revenue was down .2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.21 earnings per share. ILLEGAL ACTIVITY NOTICE: “FY2017 Earnings Estimate for Spirit Aerosystems Holdings, Inc. Issued By Jefferies Group (SPR)” was published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/08/07/fy2017-earnings-estimate-for-spirit-aerosystems-holdings-inc-issued-by-jefferies-group-spr.html.

SPR has been the subject of a number of other research reports. Cowen and Company reaffirmed a “buy” rating and set a $69.00 price objective on shares of Spirit Aerosystems Holdings in a research note on Wednesday, August 2nd. Credit Suisse Group reaffirmed an “outperform” rating and set a $80.00 price objective (up previously from $74.00) on shares of Spirit Aerosystems Holdings in a research note on Thursday. UBS AG raised shares of Spirit Aerosystems Holdings from a “neutral” rating to a “buy” rating and set a $63.00 price objective for the company in a research note on Tuesday, May 9th. BidaskClub downgraded shares of Spirit Aerosystems Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Finally, Morgan Stanley reissued an “overweight” rating and set a $66.00 target price (down previously from $67.00) on shares of Spirit Aerosystems Holdings in a research report on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the stock. Spirit Aerosystems Holdings has a consensus rating of “Hold” and a consensus target price of $67.13.

Spirit Aerosystems Holdings (SPR) opened at 71.38 on Monday. The stock has a 50 day moving average of $58.97 and a 200 day moving average of $57.64. The stock has a market cap of $8.45 billion, a price-to-earnings ratio of 25.59 and a beta of 1.36. Spirit Aerosystems Holdings has a 1-year low of $42.26 and a 1-year high of $72.43.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Monday, September 18th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Friday, September 15th. Spirit Aerosystems Holdings’s dividend payout ratio is presently 14.60%.

Spirit Aerosystems Holdings declared that its board has authorized a share buyback program on Wednesday, August 2nd that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the aerospace company to reacquire up to 4.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

In other Spirit Aerosystems Holdings news, Director Richard A. Gephardt sold 4,247 shares of the company’s stock in a transaction that occurred on 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.28% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. boosted its position in Spirit Aerosystems Holdings by 9.5% in the first quarter. Nomura Asset Management Co. Ltd. now owns 1,840 shares of the aerospace company’s stock worth $106,000 after buying an additional 160 shares in the last quarter. Focused Wealth Management Inc boosted its position in Spirit Aerosystems Holdings by 68.8% in the first quarter. Focused Wealth Management Inc now owns 2,700 shares of the aerospace company’s stock worth $156,000 after buying an additional 1,100 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Spirit Aerosystems Holdings by 4.7% in the first quarter. State of Alaska Department of Revenue now owns 3,317 shares of the aerospace company’s stock worth $192,000 after buying an additional 149 shares in the last quarter. Parametrica Management Ltd bought a new position in Spirit Aerosystems Holdings during the second quarter worth $217,000. Finally, PNC Financial Services Group Inc. boosted its position in Spirit Aerosystems Holdings by 20.1% in the first quarter. PNC Financial Services Group Inc. now owns 4,248 shares of the aerospace company’s stock worth $247,000 after buying an additional 710 shares in the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

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.

Earnings History and Estimates for Spirit Aerosystems Holdings (NYSE:SPR)

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.