Spirit AeroSystems Holdings, Inc. (NYSE: SPR) – Jefferies Financial Group lowered its EPS estimates for FY 2022 for Spirit AeroSystems in a report released Monday, October 4th. Jefferies Financial Group analyst S. Kahyaoglu now expects the aerospace company to post earnings per share of $ 0.50 for the year, up from its previous forecast of $ 0.55. Jefferies Financial Group also released estimates for Spirit AeroSystems’ fiscal 2023 earnings of $ 2.55 per share. Spirit AeroSystems (NYSE: SPR) last released its earnings results on Tuesday, August 3rd. The aerospace company reported ($ 0.31) EPS for the quarter, beating Thomson Reuters’ consensus estimate of ($ 0.70) by $ 0.39. The company had revenue of $ 1 billion for the quarter, compared to analyst expectations of $ 956.45 million. Spirit AeroSystems had a negative net margin of 21.15% and a negative return on equity of 52.84%. The company’s quarterly sales increased 55.3% compared to the same quarter last year. In the same period last year, the company generated ($ 2.28) EPS.
A number of other brokerage firms have also recently published reports on SPR. Susquehanna cut her price target on Spirit AeroSystems stock from $ 60.00 to $ 54.00 and rated the company “positive” in a research note on Thursday, August 5th. Cowen raised his price target for Spirit AeroSystems shares from USD 60.00 to USD 70.00 and rated the shares as “outperform” in a report on Tuesday, June 22nd. Sanford C. Bernstein upgraded the shares of Spirit AeroSystems from a “Market Perform” rating to an “Outperform” rating and their price target for the stock from $ 53.00 to 66 in a report dated Wednesday, September 29th Raised $ .00. Zacks Investment Research upgraded Spirit AeroSystems’ shares from a “sell” rating to a “hold” rating and set a price target of $ 47.00 on the stock in a report dated Thursday, July 29th. Finally, Credit Suisse Group lowered its price target on Spirit AeroSystems shares from $ 62.00 to $ 58.00 and stated an “outperform” rating for the stock in a report dated Thursday, August 5th. Four research analysts have given the share a hold rating and twelve with a buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $ 49.38.
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SPR stock opened Tuesday at $ 46.71. Spirit AeroSystems has a 52-week low of $ 17.60 and a 52-week high of $ 53.63. The stock has a market capitalization of $ 4.92 billion, a price to earnings ratio of -6.40, and a beta of 2.09. The company has a debt of 6.34, a quick ratio of 1.62 and a current ratio of 2.48. The company has a fifty-day moving average of $ 41.14 and a 200-day moving average of $ 44.90.
A number of hedge funds have recently bought and sold shares in SPR. Parkside Financial Bank & Trust increased its stake in Spirit AeroSystems by 84.3% in the second quarter. Parkside Financial Bank & Trust now owns 527 shares in the aerospace company, valued at $ 25,000, after buying an additional 241 shares last quarter. Captrust Financial Advisors acquired a new position at Spirit AeroSystems worth approximately $ 54,000 in the first quarter. Patriot Financial Group Insurance Agency LLC acquired a new position at Spirit AeroSystems worth approximately $ 60,000 in the second quarter. Fifth Third Bancorp increased its stake in Spirit AeroSystems by 40.3% in the second quarter. Fifth Third Bancorp now owns 2,011 shares in the aerospace company valued at $ 95,000 after buying an additional 578 shares last quarter. Finally, Deseret Mutual Benefit Administrators acquired a new position at Spirit AeroSystems in the second quarter valued at approximately $ 131,000. 74.80% of the shares are owned by institutional investors and hedge funds.
The company also recently announced a quarterly dividend, which was paid on Monday, October 4th. Shareholders of record on Monday, September 13th, received a dividend of $ 0.01 per share. This equates to an annual dividend of $ 0.04 and a dividend yield of 0.09%. The ex-dividend date of this dividend was Friday September 10th. The payout ratio of Spirit AeroSystems is currently -0.70%.
Spirit AeroSystems company profile
Spirit AeroSystems Holdings, Inc. designs and manufactures aircraft structures for commercial and defense aircraft. It operates in the following segments: Fuselage Systems, Propulsion Systems, Wing Systems, and All Others. The torso systems segment develops, produces and markets front, middle and rear fuselage sections and systems.
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