Spirit Aerosystems Holdings, Inc. (SPR) to Post FY2017 Earnings of $5.20 Per Share, Jefferies Group Forecasts

Spirit Aerosystems Holdings, Inc. (NYSE:SPR) – Analysts at Jefferies Group issued their FY2017 earnings per share estimates for Spirit Aerosystems Holdings in a report released on Wednesday. Jefferies Group analyst S. Kahyaoglu anticipates that the aerospace company will post earnings per share of $5.20 for the year. Jefferies Group currently has a “Buy” rating and a $90.00 target price on the stock. Jefferies Group also issued estimates for Spirit Aerosystems Holdings’ Q4 2017 earnings at $1.20 EPS, Q1 2018 earnings at $1.31 EPS, Q2 2018 earnings at $1.44 EPS, Q3 2018 earnings at $1.44 EPS, Q4 2018 earnings at $1.37 EPS, FY2018 earnings at $5.55 EPS, FY2019 earnings at $5.90 EPS and FY2020 earnings at $6.30 EPS.

Other equities analysts have also issued reports about the company. Seaport Global Securities raised Spirit Aerosystems Holdings from a “neutral” rating to a “buy” rating and boosted their price target for the company from $62.00 to $83.00 in a research note on Thursday, August 3rd. Cowen and Company reissued a “buy” rating and issued a $69.00 price target on shares of Spirit Aerosystems Holdings in a research note on Wednesday, August 2nd. BidaskClub lowered Spirit Aerosystems Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Zacks Investment Research raised Spirit Aerosystems Holdings from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research note on Thursday, August 10th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $80.00 price target (up from $65.00) on shares of Spirit Aerosystems Holdings in a research note on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $78.55.

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Spirit Aerosystems Holdings (NYSE:SPR) opened at $82.40 on Monday. Spirit Aerosystems Holdings has a 12 month low of $51.85 and a 12 month high of $83.13. The company has a quick ratio of 0.89, a current ratio of 1.61 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $9,749.65, a P/E ratio of 16.85, a price-to-earnings-growth ratio of 1.46 and a beta of 1.16.

Spirit Aerosystems Holdings (NYSE:SPR) last posted its quarterly earnings data on Wednesday, November 1st. The aerospace company reported $1.26 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.26. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.74 billion. Spirit Aerosystems Holdings had a return on equity of 30.53% and a net margin of 4.98%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.16 earnings per share.

A number of institutional investors have recently made changes to their positions in SPR. Boston Partners bought a new stake in Spirit Aerosystems Holdings during the second quarter worth $140,460,000. UBS Asset Management Americas Inc. grew its holdings in Spirit Aerosystems Holdings by 1,425.0% during the second quarter. UBS Asset Management Americas Inc. now owns 2,255,618 shares of the aerospace company’s stock worth $130,691,000 after buying an additional 2,107,710 shares in the last quarter. Wedge Capital Management L L P NC bought a new stake in Spirit Aerosystems Holdings during the third quarter worth $52,067,000. Koch Industries Inc. bought a new stake in Spirit Aerosystems Holdings during the second quarter worth $524,000. Finally, State of New Jersey Common Pension Fund D bought a new stake in Spirit Aerosystems Holdings during the second quarter worth $21,437,000. Institutional investors and hedge funds own 98.96% of the company’s stock.

In related news, SVP John A. Pilla sold 10,088 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $74.60, for a total transaction of $752,564.80. Following the completion of the sale, the senior vice president now owns 93,258 shares in the company, valued at $6,957,046.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Charles L. Chadwell sold 6,600 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $76.49, for a total value of $504,834.00. Following the sale, the director now owns 23,828 shares of the company’s stock, valued at approximately $1,822,603.72. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 8th. Investors of record on Monday, December 18th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.40 annualized dividend and a yield of 0.49%. Spirit Aerosystems Holdings’s dividend payout ratio (DPR) is currently 14.08%.

Spirit Aerosystems Holdings declared that its Board of Directors has initiated a share repurchase plan on Wednesday, August 2nd that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the aerospace company to buy up to 4.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are 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.

Earnings History and Estimates for Spirit Aerosystems Holdings (NYSE:SPR)

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