Spirit AeroSystems Holdings, Inc. (NYSE:SPR) – Jefferies Group boosted their Q1 2018 earnings per share (EPS) estimates for Spirit AeroSystems in a report issued on Sunday. Jefferies Group analyst S. Kahyaoglu now forecasts that the aerospace company will post earnings of $1.36 per share for the quarter, up from their prior estimate of $1.31. Jefferies Group currently has a “Buy” rating and a $112.00 target price on the stock. Jefferies Group also issued estimates for Spirit AeroSystems’ Q2 2018 earnings at $1.50 EPS and Q3 2018 earnings at $1.58 EPS.
Other analysts have also issued research reports about the stock. Canaccord Genuity restated a “buy” rating and issued a $86.00 target price on shares of Spirit AeroSystems in a research report on Tuesday, October 31st. Zacks Investment Research upgraded shares of Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research report on Wednesday, October 11th. ValuEngine lowered shares of Spirit AeroSystems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 5th. Berenberg Bank started coverage on shares of Spirit AeroSystems in a research report on Tuesday, November 7th. They issued a “buy” rating and a $100.00 target price on the stock. Finally, Seaport Global Securities restated a “buy” rating and issued a $120.00 target price on shares of Spirit AeroSystems in a research report on Thursday, January 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $95.50.
Spirit AeroSystems (NYSE:SPR) last issued its earnings results on Friday, February 2nd. The aerospace company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.10. Spirit AeroSystems had a net margin of 5.08% and a return on equity of 33.80%. The firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter last year, the business posted $0.89 earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 9th. Stockholders of record on Monday, March 19th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.44%. Spirit AeroSystems’s dividend payout ratio (DPR) is presently 13.25%.
Spirit AeroSystems announced that its board has approved a stock repurchase program on Friday, February 2nd that allows the company to buyback $500.00 million in shares. This buyback authorization allows the aerospace company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.
In other news, Director Robert D. Johnson sold 500 shares of Spirit AeroSystems stock in a transaction on Friday, December 1st. The shares were sold at an average price of $84.13, for a total transaction of $42,065.00. Following the transaction, the director now owns 1,964 shares in the company, valued at $165,231.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.28% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Rational Advisors LLC acquired a new position in Spirit AeroSystems in the fourth quarter valued at $1,503,000. Candriam Luxembourg S.C.A. acquired a new position in Spirit AeroSystems in the fourth quarter valued at $234,000. LS Investment Advisors LLC acquired a new position in Spirit AeroSystems in the fourth quarter valued at $208,000. KBC Group NV lifted its holdings in Spirit AeroSystems by 2.6% in the fourth quarter. KBC Group NV now owns 208,743 shares of the aerospace company’s stock valued at $18,213,000 after buying an additional 5,254 shares during the period. Finally, Swiss National Bank increased its stake in Spirit AeroSystems by 115.3% in the fourth quarter. Swiss National Bank now owns 436,500 shares of the aerospace company’s stock valued at $38,085,000 after purchasing an additional 233,800 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.
Spirit AeroSystems 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.
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