Equities analysts expect Spirit Aerosystems Holdings, Inc. (NYSE:SPR) to report $1.24 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Spirit Aerosystems Holdings’ earnings. The highest EPS estimate is $1.27 and the lowest is $1.19. Spirit Aerosystems Holdings reported earnings per share of $1.16 during the same quarter last year, which indicates a positive year-over-year growth rate of 6.9%. The business is scheduled to report its next quarterly earnings report on Tuesday, November 7th.
According to Zacks, analysts expect that Spirit Aerosystems Holdings will report full-year earnings of $5.23 per share for the current financial year, with EPS estimates ranging from $5.17 to $5.30. For the next fiscal year, analysts forecast that the business will report earnings of $5.34 per share, with EPS estimates ranging from $4.88 to $5.60. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Spirit Aerosystems Holdings.
Spirit Aerosystems Holdings (NYSE:SPR) last announced its quarterly earnings results on Wednesday, August 2nd. The aerospace company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.37. Spirit Aerosystems Holdings had a return on equity of 30.82% and a net margin of 4.97%. The company had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the previous year, the firm earned $1.21 earnings per share. The business’s quarterly revenue was down .2% compared to the same quarter last year.
SPR has been the subject of several analyst reports. BidaskClub upgraded Spirit Aerosystems Holdings from a “hold” rating to a “buy” rating in a report on Saturday. Canaccord Genuity raised their price objective on Spirit Aerosystems Holdings from $65.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. Seaport Global Securities upgraded Spirit Aerosystems Holdings from a “neutral” rating to a “buy” rating and raised their price objective for the company from $62.00 to $83.00 in a report on Thursday, August 3rd. Cowen and Company restated an “outperform” rating and issued a $79.00 price objective (up previously from $69.00) on shares of Spirit Aerosystems Holdings in a report on Tuesday. Finally, Morgan Stanley raised their price objective on Spirit Aerosystems Holdings from $66.00 to $81.00 and gave the company an “overweight” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $68.80.
In other Spirit Aerosystems Holdings news, Director Richard A. Gephardt sold 4,247 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $58.00, for a total transaction of $246,326.00. Following the completion of the sale, the director now directly owns 1,964 shares in the company, valued at $113,912. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.28% of the company’s stock.
Large investors have recently modified their holdings of the company. Clearbridge Investments LLC increased its stake in shares of Spirit Aerosystems Holdings by 0.4% in the first quarter. Clearbridge Investments LLC now owns 8,863 shares of the aerospace company’s stock valued at $513,000 after buying an additional 36 shares during the period. Homrich & Berg increased its stake in shares of Spirit Aerosystems Holdings by 0.5% in the second quarter. Homrich & Berg now owns 7,325 shares of the aerospace company’s stock valued at $424,000 after buying an additional 38 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. increased its stake in shares of Spirit Aerosystems Holdings by 0.7% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 13,700 shares of the aerospace company’s stock valued at $794,000 after buying an additional 100 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Spirit Aerosystems Holdings by 4.7% in the first quarter. State of Alaska Department of Revenue now owns 3,317 shares of the aerospace company’s stock valued at $192,000 after buying an additional 149 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of Spirit Aerosystems Holdings by 9.5% in the first quarter. Nomura Asset Management Co. Ltd. now owns 1,840 shares of the aerospace company’s stock valued at $106,000 after buying an additional 160 shares during the period. Hedge funds and other institutional investors own 98.51% of the company’s stock.
Shares of Spirit Aerosystems Holdings (NYSE SPR) opened at 70.75 on Friday. The firm has a market cap of $8.37 billion, a PE ratio of 25.37 and a beta of 1.36. Spirit Aerosystems Holdings has a 12 month low of $42.26 and a 12 month high of $73.86. The firm has a 50 day moving average price of $60.19 and a 200-day moving average price of $57.94.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Monday, September 18th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.40 annualized dividend and a yield of 0.57%. Spirit Aerosystems Holdings’s dividend payout ratio (DPR) is presently 14.60%.
Spirit Aerosystems Holdings announced that its Board of Directors has initiated a stock buyback program on Wednesday, August 2nd that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the aerospace company to repurchase up to 4.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.
Spirit Aerosystems Holdings 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
What are top analysts saying about Spirit Aerosystems Holdings Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Spirit Aerosystems Holdings Inc. and related companies.