Spirit AeroSystems (SPR) Updates FY18 Earnings Guidance

Spirit AeroSystems (NYSE:SPR) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share guidance of $6.10-6.35 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.22. The company issued revenue guidance of $7.20-7.30 billion, compared to the consensus revenue estimate of $7.26 billion.

Several research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Spirit AeroSystems from a buy rating to a hold rating in a report on Wednesday, July 11th. ValuEngine upgraded shares of Spirit AeroSystems from a hold rating to a buy rating in a report on Wednesday, July 18th. Credit Suisse Group lowered their price objective on shares of Spirit AeroSystems from $112.00 to $102.00 and set an outperform rating on the stock in a report on Thursday, August 2nd. UBS Group assumed coverage on shares of Spirit AeroSystems in a report on Wednesday, August 15th. They set a buy rating and a $110.00 price objective on the stock. Finally, Bank of America lowered their price objective on shares of Spirit AeroSystems from $110.00 to $100.00 and set a neutral rating on the stock in a report on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. Spirit AeroSystems presently has a consensus rating of Buy and an average target price of $103.88.

Shares of NYSE SPR traded up $1.51 during trading on Wednesday, hitting $84.01. The stock had a trading volume of 2,201,454 shares, compared to its average volume of 1,093,592. Spirit AeroSystems has a 12 month low of $76.00 and a 12 month high of $105.20. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.52 and a quick ratio of 1.04. The firm has a market cap of $8.75 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 1.19 and a beta of 1.26.

Spirit AeroSystems (NYSE:SPR) last posted its earnings results on Wednesday, October 31st. The aerospace company reported $1.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.07. Spirit AeroSystems had a net margin of 7.68% and a return on equity of 39.74%. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the prior year, the business posted $1.26 EPS. The business’s revenue was up 3.7% compared to the same quarter last year. On average, research analysts anticipate that Spirit AeroSystems will post 6.2 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 7th. Investors of record on Monday, December 17th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, December 14th. This represents a $0.48 annualized dividend and a yield of 0.57%. Spirit AeroSystems’s payout ratio is currently 8.97%.

In related news, Director Charles L. Chadwell sold 11,500 shares of the stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $87.33, for a total transaction of $1,004,295.00. Following the completion of the transaction, the director now owns 13,821 shares in the company, valued at $1,206,987.93. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert D. Johnson sold 500 shares of the stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $85.37, for a total transaction of $42,685.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,920 shares of company stock valued at $1,644,796. 0.87% of the stock is owned by company insiders.

Spirit AeroSystems Company Profile

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

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