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.

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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.

Earnings History for Spirit Aerosystems Holdings (NYSE:SPR)

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