Equities analysts expect that Spirit AeroSystems Holdings, Inc. (NYSE:SPR) will report $1.22 earnings per share (EPS) for the current quarter, Zacks reports. Six analysts have issued estimates for Spirit AeroSystems’ earnings. The lowest EPS estimate is $1.19 and the highest is $1.26. Spirit AeroSystems posted earnings of $0.89 per share during the same quarter last year, which would indicate a positive year over year growth rate of 37.1%. The firm is expected to issue its next earnings report on Wednesday, February 7th.

According to Zacks, analysts expect that Spirit AeroSystems will report full-year earnings of $5.23 per share for the current year, with EPS estimates ranging from $5.19 to $5.25. For the next year, analysts anticipate that the business will post earnings of $5.48 per share, with EPS estimates ranging from $5.26 to $5.95. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover Spirit AeroSystems.

Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings results on Wednesday, November 1st. The aerospace company reported $1.26 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.26. Spirit AeroSystems had a net margin of 4.98% and a return on equity of 31.14%. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the prior year, the firm earned $1.16 earnings per share. Spirit AeroSystems’s revenue was up 2.2% compared to the same quarter last year.

Several research firms have recently commented on SPR. Robert W. Baird reissued a “buy” rating and set a $86.00 price target on shares of Spirit AeroSystems in a research note on Friday, September 8th. Cowen reissued an “outperform” rating and set a $88.00 price target (up from $79.00) on shares of Spirit AeroSystems in a research note on Thursday, September 28th. ValuEngine cut shares of Spirit AeroSystems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 5th. Zacks Investment Research cut shares of Spirit AeroSystems from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $86.00 price objective on shares of Spirit AeroSystems in a research note on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $81.68.

In other Spirit AeroSystems news, Director Robert D. Johnson sold 500 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $84.13, for a total value of $42,065.00. Following the sale, the director now directly owns 1,964 shares in the company, valued at $165,231.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Duane F. Hawkins sold 5,000 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $83.04, for a total transaction of $415,200.00. Following the completion of the sale, the senior vice president now owns 39,374 shares in the company, valued at $3,269,616.96. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of SPR. UBS Asset Management Americas Inc. raised its holdings in Spirit AeroSystems by 1,425.0% in the second quarter. UBS Asset Management Americas Inc. now owns 2,255,618 shares of the aerospace company’s stock worth $130,691,000 after purchasing an additional 2,107,710 shares during the period. Boston Partners raised its holdings in Spirit AeroSystems by 74.5% in the third quarter. Boston Partners now owns 4,230,462 shares of the aerospace company’s stock worth $328,791,000 after purchasing an additional 1,806,228 shares during the period. Wedge Capital Management L L P NC acquired a new stake in Spirit AeroSystems in the third quarter worth $52,067,000. Koch Industries Inc. acquired a new stake in shares of Spirit AeroSystems during the second quarter worth $524,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Spirit AeroSystems by 79.9% during the third quarter. JPMorgan Chase & Co. now owns 745,016 shares of the aerospace company’s stock worth $57,813,000 after acquiring an additional 330,903 shares during the period. Institutional investors own 96.21% of the company’s stock.

Shares of Spirit AeroSystems (SPR) opened at $84.72 on Friday. Spirit AeroSystems has a 52 week low of $51.85 and a 52 week high of $85.77. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 1.56. The company has a market cap of $9,789.88, a P/E ratio of 17.32, a PEG ratio of 1.50 and a beta of 1.16.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 8th. Shareholders of record on Monday, December 18th will be paid a $0.10 dividend. The ex-dividend date is Friday, December 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.47%. Spirit AeroSystems’s payout ratio is presently 14.08%.

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Spirit AeroSystems 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 (NYSE:SPR)

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