Spirit AeroSystems Holdings, Inc. (NYSE: SPR) – Research analysts at Jefferies Financial Group gave an in on Wednesday the 18th. Jefferies Financial Group analyst S. Kahyaoglu, now believes the aerospace company Will earn $ 2.70 per share for the year, up from its previous estimate of $ 2.75.
A number of other brokerage firms have also looked at SPR. Credit Suisse Group lowered its price target for Spirit AeroSystems from USD 62.00 to USD 58.00 and determined an “outperform” rating for the company in a research report on Thursday, August 5th. Cowen raised his price target for Spirit AeroSystems from 60.00 US dollars to 70.00 US dollars and rated the company as “outperform” in a research report on Tuesday, June 22nd. Susquehanna cut her price target on Spirit AeroSystems from $ 60.00 to $ 54.00 and rated the company as “positive” in a research report on Thursday, August 5th. Bank of America upgraded Spirit AeroSystems from an “underperform” rating to a “buy” rating and set a price target of USD 50.00 for the company in a research report on Friday, August 6th. Finally, Zack’s Investment Research Spirit upgraded AeroSystems from a “sell” rating to a “hold” rating and set a price target of $ 47.00 for the company in a research report on Thursday, July 29th. Four research analysts for stocks have given the stock a hold rating and eleven a buy rating. Spirit AeroSystems currently has an average rating of “Buy” and an average price target of $ 48.27.
SPR stock opened at $ 40.28 on Thursday. Spirit AeroSystems has a 52-week low of $ 17.26 and a 52-week high of $ 53.63. The company has a debt of 6.34, a current metric of 2.48 and a quick ratio of 1.62. The company has a market capitalization of $ 4.25 billion, a price / earnings ratio of -5.52, and a beta of 2.10. The company’s 50-day simple moving average is $ 45.20. Spirit AeroSystems (NYSE: SPR) last announced its earnings results on Tuesday, August 3rd. The aerospace company reported ($ 0.31) EPS for the quarter, beating Zacks’ 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 return on equity of 52.84% and a negative net margin of 21.15%. The company’s quarterly revenue increased 55.3% year over year. In the same quarter last year, the company generated ($ 2.28) EPS.
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Institutional investors recently bought and sold shares in the company. 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 purchasing an additional 241 shares last quarter. Rocky Mountain Advisers LLC increased its stake in Spirit AeroSystems by 1,141.3% in the first quarter. Rocky Mountain Advisers LLC now owns 571 shares of the aerospace company valued at $ 28,000 after purchasing an additional 525 shares during the reporting period. Wealthcare Advisory Partners LLC took a new position in Spirit AeroSystems shares valued at approximately $ 35,000 during the first quarter. Captrust Financial Advisors took a new position in Spirit AeroSystems shares valued at approximately $ 54,000 in the first quarter. Finally, Patriot Financial Group Insurance Agency LLC acquired a new position in Spirit AeroSystems shares valued at approximately $ 60,000 in the second quarter. Institutional investors and hedge funds own 73.06% of the company’s stock.
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 is Friday, September 10th. This equates to an annualized dividend of $ 0.04 and a yield of 0.10%. The payout ratio of Spirit AeroSystems is currently -0.70%.
Spirit AeroSystems company profile
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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