Zacks: Analysts Anticipate Spirit AeroSystems Holdings, Inc. (NYSE:SPR) to Announce $1.67 Earnings Per Share

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Wall Street brokerages predict that Spirit AeroSystems Holdings, Inc. (NYSE:SPR) will report earnings of $1.67 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Spirit AeroSystems’ earnings, with estimates ranging from $1.53 to $1.76. Spirit AeroSystems posted earnings of $1.85 per share in the same quarter last year, which suggests a negative year over year growth rate of 9.7%. The firm is expected to report its next quarterly earnings report on Friday, February 7th.

According to Zacks, analysts expect that Spirit AeroSystems will report full year earnings of $6.44 per share for the current financial year, with EPS estimates ranging from $6.30 to $6.52. For the next fiscal year, analysts expect that the business will report earnings of $7.23 per share, with EPS estimates ranging from $6.60 to $7.96. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Spirit AeroSystems.

Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings data on Thursday, October 31st. The aerospace company reported $1.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.29). The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Spirit AeroSystems had a net margin of 8.27% and a return on equity of 49.21%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.70 EPS.

A number of research firms have recently issued reports on SPR. UBS Group lowered shares of Spirit AeroSystems from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $92.00 to $88.00 in a research note on Monday, October 21st. Cowen restated a “hold” rating on shares of Spirit AeroSystems in a research note on Thursday, October 31st. Robert W. Baird downgraded shares of Spirit AeroSystems from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $89.00 to $80.00 in a report on Tuesday, October 22nd. Morgan Stanley lifted their price objective on shares of Spirit AeroSystems from $100.00 to $103.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, ValuEngine downgraded shares of Spirit AeroSystems from a “hold” rating to a “sell” rating in a report on Thursday, November 21st. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $91.76.

In other Spirit AeroSystems news, Director Robert D. Johnson sold 500 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $86.99, for a total transaction of $43,495.00. Following the transaction, the director now owns 1,432 shares in the company, valued at $124,569.68. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.84% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of SPR. Steward Partners Investment Advisory LLC bought a new position in Spirit AeroSystems during the second quarter worth about $40,000. SG Americas Securities LLC raised its position in shares of Spirit AeroSystems by 1,394.3% during the second quarter. SG Americas Securities LLC now owns 48,908 shares of the aerospace company’s stock worth $3,980,000 after purchasing an additional 45,635 shares during the period. Highland Capital Management LLC acquired a new stake in shares of Spirit AeroSystems during the second quarter worth about $889,000. Fisher Asset Management LLC raised its position in shares of Spirit AeroSystems by 11.6% during the second quarter. Fisher Asset Management LLC now owns 121,487 shares of the aerospace company’s stock worth $9,885,000 after purchasing an additional 12,669 shares during the period. Finally, Aperio Group LLC raised its position in Spirit AeroSystems by 34.6% in the 2nd quarter. Aperio Group LLC now owns 71,769 shares of the aerospace company’s stock valued at $5,840,000 after buying an additional 18,453 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Shares of SPR traded up $0.26 during mid-day trading on Friday, reaching $80.14. 1,045,479 shares of the stock traded hands, compared to its average volume of 728,698. The firm has a market cap of $8.43 billion, a price-to-earnings ratio of 12.80, a P/E/G ratio of 1.63 and a beta of 1.17. The stock has a fifty day simple moving average of $85.60 and a 200 day simple moving average of $81.11. Spirit AeroSystems has a 12-month low of $64.48 and a 12-month high of $100.34. The company has a quick ratio of 1.51, a current ratio of 2.06 and a debt-to-equity ratio of 1.35.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 16th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.60%. The ex-dividend date is Friday, December 13th. Spirit AeroSystems’s dividend payout ratio is 7.67%.

Spirit AeroSystems Company Profile

Spirit AeroSystems Holdings, Inc designs, manufactures, and supplies commercial aero structures in the United States and internationally. The company operates in 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 related spares, as well as maintenance, repairs, and overhaul (MRO) services.

Read More: Neutral Rating

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Earnings History and Estimates for Spirit AeroSystems (NYSE:SPR)

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