Spirit Aerosystems Holdings, Inc. (SPR) Expected to Post Earnings of $1.21 Per Share

Brokerages predict that Spirit Aerosystems Holdings, Inc. (NYSE:SPR) will announce earnings per share (EPS) of $1.21 for the current quarter, Zacks reports. Six analysts have made estimates for Spirit Aerosystems Holdings’ earnings, with estimates ranging from $1.15 to $1.30. Spirit Aerosystems Holdings also reported earnings per share of $1.21 in the same quarter last year. The firm is expected to announce its next earnings report on Wednesday, August 2nd.

According to Zacks, analysts expect that Spirit Aerosystems Holdings will report full year earnings of $4.80 per share for the current fiscal year, with EPS estimates ranging from $4.75 to $4.90. For the next year, analysts anticipate that the business will post earnings of $5.21 per share, with EPS estimates ranging from $4.86 to $5.55. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover Spirit Aerosystems Holdings.

Spirit Aerosystems Holdings (NYSE:SPR) last posted its quarterly earnings data on Wednesday, May 3rd. The aerospace company reported $1.17 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.17. The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Spirit Aerosystems Holdings had a return on equity of 28.51% and a net margin of 6.46%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm earned $1.29 EPS.

A number of equities analysts recently commented on the stock. Standpoint Research downgraded shares of Spirit Aerosystems Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, February 28th. Barclays PLC upped their price objective on shares of Spirit Aerosystems Holdings from $62.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, March 20th. BidaskClub upgraded shares of Spirit Aerosystems Holdings from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 13th. Jefferies Group LLC set a $68.00 price objective on shares of Spirit Aerosystems Holdings and gave the company a “buy” rating in a research note on Thursday. Finally, Credit Suisse Group restated a “buy” rating and issued a $74.00 price objective on shares of Spirit Aerosystems Holdings in a research note on Friday, May 5th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $62.23.

Spirit Aerosystems Holdings (SPR) traded down 1.08% during mid-day trading on Wednesday, hitting $56.08. The stock had a trading volume of 3,416,060 shares. Spirit Aerosystems Holdings has a 52-week low of $41.27 and a 52-week high of $62.90. The stock has a market cap of $6.76 billion, a P/E ratio of 15.81 and a beta of 1.35. The firm has a 50-day moving average of $55.43 and a 200-day moving average of $57.63.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 10th. Stockholders of record on Monday, June 19th will be issued a $0.10 dividend. The ex-dividend date is Thursday, June 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.71%. Spirit Aerosystems Holdings’s payout ratio is 11.20%.

In other news, Director Richard A. Gephardt sold 4,247 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $58.00, for a total value of $246,326.00. Following the completion of the sale, the director now directly owns 1,964 shares of the company’s stock, valued at $113,912. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.28% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the stock. Focused Wealth Management Inc boosted its stake in shares of Spirit Aerosystems Holdings by 68.8% in the first quarter. Focused Wealth Management Inc now owns 2,700 shares of the aerospace company’s stock worth $156,000 after buying an additional 1,100 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Spirit Aerosystems Holdings by 11.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,604 shares of the aerospace company’s stock worth $183,000 after buying an additional 356 shares during the last quarter. State of Alaska Department of Revenue boosted 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 worth $192,000 after buying an additional 149 shares during the last quarter. Seven Eight Capital LP acquired a new stake in shares of Spirit Aerosystems Holdings during the fourth quarter worth approximately $210,000. Finally, Keybank National Association OH acquired a new stake in shares of Spirit Aerosystems Holdings during the fourth quarter worth approximately $229,000. 99.52% of the stock is owned by institutional investors and hedge funds.

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About Spirit Aerosystems Holdings

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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