Equities research analysts forecast that Spirit AeroSystems Holdings, Inc. (NYSE:SPR) will report sales of $1.65 billion for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Spirit AeroSystems’ earnings, with the highest sales estimate coming in at $1.70 billion and the lowest estimate coming in at $1.63 billion. Spirit AeroSystems reported sales of $1.57 billion during the same quarter last year, which would suggest a positive year over year growth rate of 5.1%. The business is scheduled to report its next quarterly earnings results on Wednesday, February 7th.

According to Zacks, analysts expect that Spirit AeroSystems will report full year sales of $1.65 billion for the current financial year, with estimates ranging from $6.84 billion to $7.02 billion. For the next year, analysts forecast that the firm will report sales of $7.11 billion per share, with estimates ranging from $6.98 billion to $7.26 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Spirit AeroSystems.

Spirit AeroSystems (NYSE:SPR) last issued its earnings results on Wednesday, November 1st. The aerospace company reported $1.26 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.26. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.74 billion. Spirit AeroSystems had a return on equity of 31.14% and a net margin of 4.98%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the business posted $1.16 EPS.

A number of brokerages recently issued reports on SPR. Buckingham Research raised their target price on Spirit AeroSystems from $53.00 to $66.00 and gave the stock a “neutral” rating in a research note on Thursday, September 28th. Canaccord Genuity restated a “buy” rating and issued a $86.00 target price (up previously from $80.00) on shares of Spirit AeroSystems in a research note on Thursday, September 28th. Jefferies Group raised their target price on Spirit AeroSystems from $84.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, September 28th. Wells Fargo & Company restated a “market perform” rating and issued a $85.00 target price (up previously from $78.00) on shares of Spirit AeroSystems in a research note on Thursday, November 2nd. Finally, ValuEngine lowered Spirit AeroSystems from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $81.68.

In other news, SVP Duane F. Hawkins sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $83.04, for a total transaction of $415,200.00. Following the sale, the senior vice president now directly owns 39,374 shares in the company, valued at approximately $3,269,616.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert D. Johnson sold 500 shares of the firm’s stock in a transaction dated 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 owns 1,964 shares in the company, valued at $165,231.32. The disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.

Large investors have recently bought and sold shares of the company. Nine Chapters Capital Management LLC acquired a new stake in shares of Spirit AeroSystems during the 3rd quarter valued at about $218,000. Quantitative Systematic Strategies LLC acquired a new stake in Spirit AeroSystems in the 3rd quarter worth about $227,000. Commonwealth Equity Services Inc acquired a new stake in Spirit AeroSystems in the 3rd quarter worth about $228,000. Invictus RG boosted its holdings in Spirit AeroSystems by 54.5% in the 3rd quarter. Invictus RG now owns 3,300 shares of the aerospace company’s stock worth $256,000 after buying an additional 1,164 shares during the last quarter. Finally, Raymond James Trust N.A. acquired a new stake in Spirit AeroSystems in the 2nd quarter worth about $200,000. Hedge funds and other institutional investors own 96.21% of the company’s stock.

Shares of Spirit AeroSystems (NYSE SPR) traded up $0.77 during mid-day trading on Friday, reaching $85.39. The company had a trading volume of 1,070,000 shares, compared to its average volume of 1,206,560. The stock has a market cap of $9,874.29, a price-to-earnings ratio of 17.46, a price-to-earnings-growth ratio of 1.51 and a beta of 1.16. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.56 and a quick ratio of 0.85. Spirit AeroSystems has a one year low of $51.85 and a one year high of $85.77.

The business 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 dividend of $0.10 per share. The ex-dividend date is Friday, December 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.47%. Spirit AeroSystems’s payout ratio is currently 14.08%.

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About Spirit AeroSystems

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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