Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Expected to Announce Earnings of $1.70 Per Share

Brokerages forecast that Spirit AeroSystems Holdings, Inc. (NYSE:SPR) will post $1.70 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Spirit AeroSystems’ earnings, with the highest EPS estimate coming in at $1.80 and the lowest estimate coming in at $1.61. Spirit AeroSystems reported earnings of $1.63 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 4.3%. The business is expected to report its next quarterly earnings report on Wednesday, August 7th.

On average, analysts expect that Spirit AeroSystems will report full year earnings of $7.06 per share for the current fiscal year, with EPS estimates ranging from $6.90 to $7.20. For the next year, analysts anticipate that the firm will post earnings of $8.12 per share, with EPS estimates ranging from $7.55 to $8.65. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Spirit AeroSystems.

Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings results on Wednesday, May 1st. The aerospace company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.01. The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.93 billion. Spirit AeroSystems had a net margin of 8.78% and a return on equity of 63.36%. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.10 earnings per share.

Several research firms recently issued reports on SPR. Zacks Investment Research raised shares of Spirit AeroSystems from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. Seaport Global Securities cut shares of Spirit AeroSystems from a “buy” rating to a “neutral” rating and set a $98.64 price target for the company. in a report on Tuesday, March 5th. Cowen cut shares of Spirit AeroSystems from an “outperform” rating to a “market perform” rating and set a $92.49 price target for the company. in a report on Wednesday, April 3rd. Vertical Research cut shares of Spirit AeroSystems from a “buy” rating to a “hold” rating and set a $103.00 price target for the company. in a report on Wednesday, March 6th. Finally, Barclays reissued a “buy” rating on shares of Spirit AeroSystems in a report on Wednesday, March 13th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $101.47.

NYSE SPR traded down $0.19 during trading hours on Friday, hitting $82.16. 68,897 shares of the stock were exchanged, compared to its average volume of 995,075. The stock has a market capitalization of $8.65 billion, a P/E ratio of 13.12, a P/E/G ratio of 1.54 and a beta of 1.35. 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 1.39, a current ratio of 1.95 and a debt-to-equity ratio of 1.71.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Monday, June 17th will be issued a $0.12 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.48 dividend on an annualized basis and a yield of 0.58%. Spirit AeroSystems’s dividend payout ratio (DPR) is presently 7.67%.

In other Spirit AeroSystems news, Director Robert D. Johnson sold 500 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $79.95, for a total value of $39,975.00. Following the completion of the transaction, the director now directly owns 2,925 shares of the company’s stock, valued at $233,853.75. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.84% of the company’s stock.

A number of institutional investors have recently modified their holdings of SPR. First Mercantile Trust Co. increased its holdings in Spirit AeroSystems by 43.8% in the fourth quarter. First Mercantile Trust Co. now owns 1,150 shares of the aerospace company’s stock valued at $83,000 after buying an additional 350 shares in the last quarter. Creative Planning increased its holdings in Spirit AeroSystems by 4.6% in the fourth quarter. Creative Planning now owns 4,349 shares of the aerospace company’s stock valued at $313,000 after buying an additional 190 shares in the last quarter. Jarislowsky Fraser Ltd purchased a new position in Spirit AeroSystems in the fourth quarter valued at about $583,000. Victory Capital Management Inc. increased its holdings in Spirit AeroSystems by 1.6% in the fourth quarter. Victory Capital Management Inc. now owns 44,275 shares of the aerospace company’s stock valued at $3,192,000 after buying an additional 712 shares in the last quarter. Finally, Stevens Capital Management LP purchased a new position in Spirit AeroSystems in the fourth quarter valued at about $1,642,000. 96.61% of the stock is owned by institutional investors.

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.

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