Spirit Aerosystems Holdings, Inc. (SPR) Set to Announce Earnings on Monday
Spirit Aerosystems Holdings, Inc. (NYSE:SPR) will be releasing its earnings data on Monday, October 30th. Analysts expect Spirit Aerosystems Holdings to post earnings of $1.23 per share for the quarter. Spirit Aerosystems Holdings has set its FY17 guidance at $5.00-5.25 EPS.
Spirit Aerosystems Holdings (NYSE:SPR) last issued its earnings results on Wednesday, August 2nd. The aerospace company reported $1.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 period last year, the business posted $1.21 EPS. Spirit Aerosystems Holdings’s revenue was down .2% on a year-over-year basis. On average, analysts expect Spirit Aerosystems Holdings to post $5.25 EPS for the current fiscal year and $5.43 EPS for the next fiscal year.
Shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) opened at 80.96 on Monday. The company has a 50-day moving average of $77.72 and a 200 day moving average of $64.46. The firm has a market capitalization of $9.58 billion, a P/E ratio of 29.07 and a beta of 1.36. Spirit Aerosystems Holdings, Inc. has a 52 week low of $47.73 and a 52 week high of $81.05.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 10th. Shareholders of record on Monday, September 18th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend was Friday, September 15th. Spirit Aerosystems Holdings’s payout ratio is 14.60%.
Spirit Aerosystems Holdings declared that its board has authorized a share buyback plan on Wednesday, August 2nd that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the aerospace company to repurchase up to 4.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
In other Spirit Aerosystems Holdings news, Director Charles L. Chadwell sold 6,600 shares of the stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $76.49, for a total transaction of $504,834.00. Following the completion of the sale, the director now owns 23,828 shares of the company’s stock, valued at approximately $1,822,603.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP John A. Pilla sold 10,088 shares of the stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $74.60, for a total transaction of $752,564.80. Following the sale, the senior vice president now directly owns 93,258 shares of the company’s stock, valued at approximately $6,957,046.80. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.
A number of research firms have weighed in on SPR. Zacks Investment Research upgraded shares of Spirit Aerosystems Holdings from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research note on Wednesday, October 11th. Citigroup Inc. reiterated a “buy” rating and issued a $91.00 target price (up from $85.00) on shares of Spirit Aerosystems Holdings in a research note on Monday, October 9th. ValuEngine cut shares of Spirit Aerosystems Holdings from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Buckingham Research upped their price target on shares of Spirit Aerosystems Holdings from $53.00 to $66.00 and gave the company a “neutral” rating in a research note on Thursday, September 28th. Finally, Canaccord Genuity restated a “buy” rating and set a $86.00 price target (up from $80.00) on shares of Spirit Aerosystems Holdings in a research note on Thursday, September 28th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $76.17.
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.
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