Wall Street analysts forecast that Spirit AeroSystems Holdings, Inc. (NYSE:SPR) will announce sales of $1.65 billion for the current quarter, according to Zacks. 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 company is scheduled to announce its next 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 $6.89 billion to $7.04 billion. For the next year, analysts expect that the firm will report sales of $7.12 billion per share, with estimates ranging from $6.98 billion to $7.21 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Spirit AeroSystems.

Spirit AeroSystems (NYSE:SPR) last released its earnings results on Wednesday, November 1st. The aerospace company reported $1.26 earnings per share (EPS) for the quarter, meeting 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 company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.16 earnings per share.

A number of analysts have recently issued reports on the company. Seaport Global Securities restated a “buy” rating and issued a $120.00 target price on shares of Spirit AeroSystems in a report on Thursday. Buckingham Research increased their price objective on Spirit AeroSystems from $53.00 to $66.00 and gave the stock a “neutral” rating in a report on Thursday, September 28th. Canaccord Genuity reiterated a “buy” rating and set a $86.00 price objective (up from $80.00) on shares of Spirit AeroSystems in a report on Thursday, September 28th. Jefferies Group increased their price objective on Spirit AeroSystems from $84.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, September 28th. Finally, Zacks Investment Research upgraded Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the stock. Spirit AeroSystems has an average rating of “Buy” and a consensus price target of $87.78.

Shares of Spirit AeroSystems (NYSE:SPR) opened at $97.66 on Friday. The stock has a market capitalization of $11,300.00, a price-to-earnings ratio of 34.39, a PEG ratio of 1.59 and a beta of 1.16. Spirit AeroSystems has a 1-year low of $51.85 and a 1-year high of $99.34. The company has a quick ratio of 0.85, a current ratio of 1.56 and a debt-to-equity ratio of 0.60.

The business also recently announced a quarterly dividend, which was paid on Monday, January 8th. Shareholders of record on Monday, December 18th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, December 15th. This represents a $0.40 annualized dividend and a yield of 0.41%. Spirit AeroSystems’s dividend payout ratio (DPR) is currently 14.08%.

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 value of $415,200.00. Following the sale, the senior vice president now directly owns 39,374 shares of the company’s stock, valued at $3,269,616.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 completion of the sale, the director now directly owns 1,964 shares in the company, valued at $165,231.32. The disclosure for this sale can be found here. 0.28% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of the company. D.A. Davidson & CO. grew its position in shares of Spirit AeroSystems by 6.5% in the second quarter. D.A. Davidson & CO. now owns 5,498 shares of the aerospace company’s stock valued at $318,000 after purchasing an additional 336 shares during the last quarter. Comerica Bank grew its position in shares of Spirit AeroSystems by 8.8% in the third quarter. Comerica Bank now owns 7,484 shares of the aerospace company’s stock valued at $602,000 after purchasing an additional 608 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Spirit AeroSystems by 15.7% in the second quarter. PNC Financial Services Group Inc. now owns 4,915 shares of the aerospace company’s stock valued at $284,000 after purchasing an additional 667 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Spirit AeroSystems by 19.0% in the second quarter. The Manufacturers Life Insurance Company now owns 4,422 shares of the aerospace company’s stock valued at $257,000 after purchasing an additional 705 shares during the last quarter. Finally, Hillsdale Investment Management Inc. grew its position in shares of Spirit AeroSystems by 23.2% in the second quarter. Hillsdale Investment Management Inc. now owns 3,930 shares of the aerospace company’s stock valued at $228,000 after purchasing an additional 740 shares during the last quarter. 96.18% of the stock is currently owned by institutional investors.

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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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