$1.00 Billion in Sales Expected for Spirit AeroSystems Holdings, Inc. (NYSE:SPR) This Quarter

Brokerages predict that Spirit AeroSystems Holdings, Inc. (NYSE: SPR) will have revenue of $ 1.00 billion for the current fiscal year, reports Zacks Investment Research. Three analysts have provided estimates for Spirit AeroSystems’ earnings, with the highest revenue estimate at $ 1.06 billion and the lowest estimate at $ 970.43 million. Spirit AeroSystems reported revenues of $ 806.30 million in the prior year quarter, indicating a positive growth rate of 24% year over year. The company is expected to release its next earnings numbers on Tuesday, November 2nd.

According to Zacks, analysts expect Spirit AeroSystems to report total annual sales of $ 4.02 billion for the current fiscal year, with estimates ranging from $ 3.96 billion to $ 4.08 billion. For the next fiscal year, analysts are forecasting sales of 4.99 billion US dollars, with estimates ranging between 4.69 billion US dollars and 5.32 billion US dollars. Zacks Investment Research’s revenue calculations are based on a survey of research companies covering Spirit AeroSystems.

Spirit AeroSystems (NYSE: SPR) last announced its earnings results on Tuesday, August 3rd. The aerospace company reported earnings per share (EPS) ($ 0.31) for the quarter, beating Zacks’ consensus estimate of $ 0.70 by $ 0.39. Spirit AeroSystems had a negative return on equity of 52.84% and a negative net margin of 21.15%. The company had revenue of $ 1 billion for the quarter, compared to analyst estimates of $ 956.45 million. In the same quarter last year, the company posted ($ 2.28) EPS. The quarterly sales of Spirit AeroSystems increased by 55.3% compared to the same quarter of the previous year.

A number of equity research analysts recently released reports on SPR stocks. Susquehanna lowered her price target for Spirit AeroSystems from $ 60.00 to $ 54.00 and gave the stock a “positive” rating in a research report on Thursday, August 5th. Cowen raised his price target for Spirit AeroSystems from USD 60.00 to USD 70.00 and rated the stock as “outperform” in a research report on Tuesday, June 22nd. Credit Suisse Group lowered its price target for Spirit AeroSystems from USD 62.00 to USD 58.00 and rated the share as “Outperform” in a research report on Thursday, August 5th. Bank of America upgraded Spirit AeroSystems from an “underperform” rating to a “buy” rating and in a research report on Friday the 6th. Finally, Zack’s investment research upgraded Spirit AeroSystems from a “sell” rating to a “sell” rating “Hold” rating and set a price target of $ 47.00 for the stock in a research report on Thursday, July 29th. Four analysts have given the share a hold rating and eleven a buy rating. Spirit AeroSystems currently has a consensus rating of “Buy” with an average price target of $ 48.27.


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Spirit AeroSystems stock opened Friday at $ 38.16. The company has a 50-day moving average price of $ 44.95. Spirit AeroSystems has a 52-week low of $ 17.26 and a 52-week high of $ 53.63. The company has a market capitalization of $ 4.02 billion, a price / earnings ratio of -5.23, and a beta of 2.10. The company has a debt of 6.34, a quick ratio of 1.62 and a current ratio of 2.48.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 4th. Shareholders of record on Monday, September 13th, will receive a dividend of $ 0.01 per share. The ex-dividend date of this dividend is Friday September 10th. This equates to an annualized dividend of $ 0.04 and a dividend yield of 0.10%. The payout ratio of Spirit AeroSystems is currently -0.70%.

Hedge funds and other institutional investors recently changed their holdings in the company. Geode Capital Management LLC increased its stake in Spirit AeroSystems by 2.4% in the first quarter. Geode Capital Management LLC now owns 1,245,696 shares in the aerospace company valued at $ 60,603,000 after purchasing an additional 29,000 shares during the period. Avitas Wealth Management LLC increased its stake in Spirit AeroSystems by 45.2% in the first quarter. Avitas Wealth Management LLC now owns 66,677 shares in the aerospace company valued at $ 3,244,000 after acquiring an additional 20,753 shares during the reporting period. Ameriprise Financial Inc. increased its stake in Spirit AeroSystems by 50.1% in the first quarter. Ameriprise Financial Inc. now owns 770,135 shares of the aerospace company valued at $ 37,466,000 after acquiring an additional 256,914 shares during the period. Penn Davis Mcfarland Inc. increased its stake in Spirit AeroSystems by 3.1% in the first quarter. Penn Davis Mcfarland Inc. now owns 489,151 shares in the aerospace company valued at $ 23,797,000 after purchasing an additional 14,497 shares during the period. Finally, Occudo Quantitative Strategies LP increased its stake in Spirit AeroSystems by 6.5% in the first quarter. Occudo Quantitative Strategies LP now owns 21,593 shares in the aerospace company valued at $ 1,050,000 after purchasing an additional 1,310 shares during the reporting period. Institutional investors own 73.06% of the company’s stock.

About Spirit AeroSystems

Spirit AeroSystems Holdings, Inc. designs and manufactures commercial aircraft structures worldwide. It operates in three segments: fuselage systems, propulsion systems and wing systems. The Fuselage Systems segment develops, produces and markets front, middle and rear fuselage sections and systems primarily for aircraft manufacturers (OEMs); and other structural components of the fuselage, such as floor beams.

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Earnings history and estimates for Spirit AeroSystems (NYSE: SPR)

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