Analysts expect Spirit AeroSystems Holdings, Inc. (NYSE:SPR) to post $1.86 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Spirit AeroSystems’ earnings. The lowest sales estimate is $1.83 billion and the highest is $1.90 billion. Spirit AeroSystems posted sales of $1.71 billion during the same quarter last year, which would indicate a positive year over year growth rate of 8.8%. The business is expected to announce its next earnings results on Friday, February 1st.
On average, analysts expect that Spirit AeroSystems will report full-year sales of $7.25 billion for the current fiscal year, with estimates ranging from $7.22 billion to $7.29 billion. For the next year, analysts expect that the firm will post sales of $7.78 billion, with estimates ranging from $7.56 billion to $8.09 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Spirit AeroSystems.
Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings results on Wednesday, October 31st. The aerospace company reported $1.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.07. Spirit AeroSystems had a return on equity of 46.86% and a net margin of 7.92%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the prior year, the company posted $1.26 EPS. The company’s quarterly revenue was up 3.7% on a year-over-year basis.
Several equities research analysts recently issued reports on the company. UBS Group assumed coverage on Spirit AeroSystems in a report on Wednesday, August 15th. They issued a “buy” rating and a $110.00 price objective on the stock. Standpoint Research upgraded Spirit AeroSystems from a “hold” rating to a “buy” rating in a report on Friday, October 12th. Bank of America upgraded Spirit AeroSystems from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $100.00 to $105.00 in a report on Thursday, November 8th. Credit Suisse Group boosted their price objective on Spirit AeroSystems from $102.00 to $103.00 and gave the company an “outperform” rating in a report on Thursday, November 1st. Finally, Wells Fargo & Co set a $105.00 price objective on Spirit AeroSystems and gave the company a “buy” rating in a report on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $106.27.
In other Spirit AeroSystems news, SVP John A. Pilla sold 9,642 shares of the company’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $84.01, for a total transaction of $810,024.42. Following the sale, the senior vice president now owns 21,866 shares in the company, valued at approximately $1,836,962.66. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert D. Johnson sold 500 shares of the company’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $82.90, for a total value of $41,450.00. Following the sale, the director now owns 1,493 shares in the company, valued at approximately $123,769.70. The disclosure for this sale can be found here. 0.87% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of SPR. Capital Guardian Trust Co. purchased a new stake in Spirit AeroSystems during the 3rd quarter worth about $105,000. Truvestments Capital LLC purchased a new stake in Spirit AeroSystems during the 3rd quarter worth about $154,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Spirit AeroSystems during the 2nd quarter worth about $222,000. Global Financial Private Capital LLC purchased a new stake in Spirit AeroSystems during the 2nd quarter worth about $329,000. Finally, Mackenzie Financial Corp increased its holdings in Spirit AeroSystems by 20.1% during the 3rd quarter. Mackenzie Financial Corp now owns 3,741 shares of the aerospace company’s stock worth $343,000 after purchasing an additional 625 shares during the period. Institutional investors own 96.74% of the company’s stock.
Shares of Spirit AeroSystems stock opened at $75.42 on Friday. Spirit AeroSystems has a 52 week low of $74.97 and a 52 week high of $105.20. The firm has a market capitalization of $8.47 billion, a PE ratio of 14.10, a price-to-earnings-growth ratio of 1.67 and a beta of 1.16. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 1.67.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 7th. Investors of record on Monday, December 17th will be issued a $0.12 dividend. The ex-dividend date is Friday, December 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.64%. Spirit AeroSystems’s dividend payout ratio is presently 8.97%.
About Spirit AeroSystems
Spirit AeroSystems Holdings, Inc, through its subsidiaries, designs, manufactures, and supplies commercial aero structures worldwide. It operates through three segments: Fuselage Systems, Propulsion Systems, and Wing Systems. The Fuselage Systems segment develops, produces, and markets forward, mid, and rear fuselage sections and systems primarily to aircraft original equipment manufacturers (OEMs); and offers related spares and maintenance, repairs, and overhaul (MRO) services.
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