$1.36 Earnings Per Share Expected for Spirit AeroSystems Holdings, Inc. (SPR) This Quarter

Wall Street brokerages expect Spirit AeroSystems Holdings, Inc. (NYSE:SPR) to announce $1.36 earnings per share for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Spirit AeroSystems’ earnings. The highest EPS estimate is $1.50 and the lowest is $1.20. Spirit AeroSystems posted earnings of $1.17 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 16.2%. The company is scheduled to report its next quarterly earnings results on Wednesday, May 2nd.

On average, analysts expect that Spirit AeroSystems will report full year earnings of $6.30 per share for the current year, with EPS estimates ranging from $5.29 to $6.55. For the next financial year, analysts expect that the business will report earnings of $7.14 per share, with EPS estimates ranging from $6.85 to $7.46. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Spirit AeroSystems.

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Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings results on Friday, February 2nd. The aerospace company reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.10. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.66 billion. Spirit AeroSystems had a net margin of 5.08% and a return on equity of 34.03%. Spirit AeroSystems’s revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.89 earnings per share.

A number of equities analysts have weighed in on SPR shares. ValuEngine downgraded shares of Spirit AeroSystems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 5th. Jefferies Group reissued a “buy” rating and issued a $112.00 target price on shares of Spirit AeroSystems in a research note on Monday, February 5th. Cowen reissued a “buy” rating and issued a $110.00 target price on shares of Spirit AeroSystems in a research note on Monday, February 5th. Canaccord Genuity reissued a “buy” rating and issued a $115.00 target price on shares of Spirit AeroSystems in a research note on Monday, January 29th. Finally, Robert W. Baird reissued a “buy” rating and issued a $129.00 target price on shares of Spirit AeroSystems in a research note on Monday, January 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $98.89.

Spirit AeroSystems (NYSE:SPR) traded up $2.22 during trading hours on Monday, reaching $85.40. 506,328 shares of the company’s stock were exchanged, compared to its average volume of 1,116,999. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.74 and a current ratio of 1.64. The stock has a market capitalization of $9,523.20, a P/E ratio of 28.28, a P/E/G ratio of 1.20 and a beta of 1.45. Spirit AeroSystems has a 12 month low of $51.85 and a 12 month high of $105.20.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 9th. Investors of record on Monday, March 19th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Friday, March 16th. Spirit AeroSystems’s payout ratio is 13.25%.

Spirit AeroSystems announced that its board has authorized a share buyback plan on Friday, February 2nd that permits the company to buyback $500.00 million in shares. This buyback authorization permits the aerospace company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

In related news, SVP William Edward Brown sold 5,500 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $92.36, for a total transaction of $507,980.00. Following the completion of the sale, the senior vice president now directly owns 21,664 shares of the company’s stock, valued at approximately $2,000,887.04. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Stacy Cozad sold 1,100 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $91.47, for a total transaction of $100,617.00. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. grew its holdings in Spirit AeroSystems by 7.4% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 17,800 shares of the aerospace company’s stock worth $1,553,000 after acquiring an additional 1,227 shares in the last quarter. Xact Kapitalforvaltning AB acquired a new position in Spirit AeroSystems during the 4th quarter worth $970,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in Spirit AeroSystems during the 4th quarter worth $4,179,000. Tuttle Tactical Management LLC acquired a new position in Spirit AeroSystems during the 4th quarter worth $1,503,000. Finally, William Blair Investment Management LLC grew its holdings in Spirit AeroSystems by 32.0% during the 4th quarter. William Blair Investment Management LLC now owns 14,053 shares of the aerospace company’s stock worth $1,226,000 after acquiring an additional 3,404 shares in the last quarter. 97.48% of the stock is owned by institutional investors and hedge funds.

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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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