Brokerages expect that Spirit Aerosystems Holdings, Inc. (NYSE:SPR) will post $1.71 billion in sales for the current quarter, Zacks reports. Six analysts have provided estimates for Spirit Aerosystems Holdings’ earnings, with estimates ranging from $1.67 billion to $1.75 billion. Spirit Aerosystems Holdings also posted sales of $1.71 billion in the same quarter last year. The company is expected to issue its next earnings report on Tuesday, November 7th.

According to Zacks, analysts expect that Spirit Aerosystems Holdings will report full-year sales of $1.71 billion for the current financial year, with estimates ranging from $6.81 billion to $7.00 billion. For the next financial year, analysts expect that the company will post sales of $7.08 billion per share, with estimates ranging from $6.83 billion to $7.27 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Spirit Aerosystems Holdings.

Spirit Aerosystems Holdings (NYSE:SPR) last released its quarterly earnings results on Wednesday, August 2nd. The aerospace company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.37. Spirit Aerosystems Holdings had a net margin of 4.97% and a return on equity of 30.82%. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the company earned $1.21 earnings per share. The business’s quarterly revenue was down .2% compared to the same quarter last year.

Several research analysts have commented on the company. BidaskClub downgraded Spirit Aerosystems Holdings from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. 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. Cowen and Company reaffirmed a “buy” rating and issued a $69.00 price target on shares of Spirit Aerosystems Holdings in a research report on Wednesday, August 2nd. UBS AG reaffirmed a “buy” rating and issued a $81.00 price target (up from $63.00) on shares of Spirit Aerosystems Holdings in a research report on Monday, August 21st. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $66.00 price target (down from $67.00) on shares of Spirit Aerosystems Holdings in a research report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $72.94.

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Shares of Spirit Aerosystems Holdings (NYSE:SPR) opened at 75.32 on Thursday. The firm has a market cap of $8.91 billion, a P/E ratio of 27.04 and a beta of 1.31. Spirit Aerosystems Holdings has a 52-week low of $42.26 and a 52-week high of $76.15. The stock’s 50 day moving average is $69.99 and its 200-day moving average is $60.64.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Monday, September 18th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, September 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.53%. Spirit Aerosystems Holdings’s dividend payout ratio is currently 14.60%.

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

In other news, SVP John A. Pilla sold 10,088 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $74.60, for a total value of $752,564.80. Following the transaction, the senior vice president now owns 93,258 shares of the company’s stock, valued at $6,957,046.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.28% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Spirit Aerosystems Holdings by 5.6% in the first quarter. Vanguard Group Inc. now owns 11,549,361 shares of the aerospace company’s stock worth $668,939,000 after purchasing an additional 616,129 shares during the period. BlackRock Inc. increased its holdings in shares of Spirit Aerosystems Holdings by 2.4% in the second quarter. BlackRock Inc. now owns 6,280,205 shares of the aerospace company’s stock worth $363,874,000 after purchasing an additional 148,240 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Spirit Aerosystems Holdings by 6.5% in the first quarter. Goldman Sachs Group Inc. now owns 5,008,637 shares of the aerospace company’s stock worth $290,100,000 after purchasing an additional 305,946 shares during the period. AQR Capital Management LLC increased its holdings in shares of Spirit Aerosystems Holdings by 12.7% in the first quarter. AQR Capital Management LLC now owns 3,883,585 shares of the aerospace company’s stock worth $224,937,000 after purchasing an additional 436,784 shares during the period. Finally, LSV Asset Management increased its holdings in shares of Spirit Aerosystems Holdings by 9.8% in the second quarter. LSV Asset Management now owns 3,468,615 shares of the aerospace company’s stock worth $200,971,000 after purchasing an additional 308,900 shares during the period. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

Spirit Aerosystems Holdings Company Profile

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.

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

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