Media stories about Spirit AeroSystems (NYSE:SPR) have trended somewhat positive on Sunday, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Spirit AeroSystems earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave media headlines about the aerospace company an impact score of 46.2413785561836 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- $1.70 Billion in Sales Expected for Spirit AeroSystems Holdings, Inc. (SPR) This Quarter (americanbankingnews.com)
- Zacks: Analysts Anticipate Spirit AeroSystems Holdings, Inc. (SPR) Will Post Earnings of $1.36 Per Share (americanbankingnews.com)
- Spirit AeroSystems Celebrates 10,000 737 Deliveries to Boeing (finance.yahoo.com)
- Huntington Ingalls Wins USS Fitzgerald Repair Deal Worth $77M (finance.yahoo.com)
- Spirit Chief Executive Officer and Chief Financial Officer Speaking at the J.P. Morgan Aviation, Transportation & Industrials Conference (finance.yahoo.com)
A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a research note on Wednesday, January 10th. Canaccord Genuity reissued a “buy” rating and issued a $115.00 target price on shares of Spirit AeroSystems in a research report on Monday, January 29th. Robert W. Baird reissued a “buy” rating and issued a $129.00 target price on shares of Spirit AeroSystems in a research report on Monday, January 29th. ValuEngine raised Spirit AeroSystems from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $112.00 price target on shares of Spirit AeroSystems in a report on Monday, February 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $97.11.
Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings data on Friday, February 2nd. The aerospace company reported $1.32 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.10. Spirit AeroSystems had a net margin of 5.08% and a return on equity of 34.03%. The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the prior year, the firm posted $0.89 EPS. The firm’s revenue was up 9.2% compared to the same quarter last year. sell-side analysts forecast that Spirit AeroSystems will post 6.42 earnings per share for the current fiscal year.
Spirit AeroSystems declared that its board has authorized a share repurchase program on Friday, February 2nd that permits the company to buyback $500.00 million in shares. This buyback authorization permits the aerospace company to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 9th. Shareholders of record on Monday, March 19th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Friday, March 16th. Spirit AeroSystems’s payout ratio is 13.25%.
In related news, SVP William Edward Brown sold 5,500 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $92.36, for a total transaction of $507,980.00. Following the sale, the senior vice president now directly owns 21,664 shares in the company, valued at approximately $2,000,887.04. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Stacy Cozad sold 1,100 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $91.47, for a total value of $100,617.00. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.
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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