Analysts predict Spirit AeroSystems Holdings, Inc. (NYSE: SPR) will post earnings of ($ 0.66) per share for the current quarter, reports Zacks Investment Research. Four analysts have given estimates of Spirit AeroSystems’s profits. The highest EPS estimate is ($ 0.57) and the lowest is ($ 0.75). Spirit AeroSystems posted earnings per share of ($ 2.28) for the same quarter last year, indicating a positive year-over-year growth rate of 71.1%. The company is expected to announce its next earnings numbers on Tuesday, August 3rd.
On average, analysts expect Spirit AeroSystems to post full year earnings of ($ 2.60) per share for the current fiscal year, with EPS estimates between ($ 2.95 and $ 2.17). For the next fiscal year, analysts expect the company to post earnings of $ 0.05 per share, with EPS estimates ranging between ($ 1.00) and $ 0.80. Zacks’ EPS calculations are an average based on a survey of sell-side analysts covering Spirit AeroSystems.
Spirit AeroSystems (NYSE: SPR) last released its earnings results on Tuesday, May 4th. The aerospace company reported earnings per share ($ 1.22) for the quarter, missing the consensus estimate of ($ 0.86) by ($ 0.36). The company had revenue of $ 901.00 million for the quarter, compared to analyst estimates of $ 883.40 million. Spirit AeroSystems had a negative return on equity of 64.00% and a negative net margin of 27.23%. The company’s revenue for the quarter declined 16.3% year over year. For the same period last year, the company had earnings per share ($ 0.79).
Several equity analysts have commented on SPR stocks. Morgan Stanley raised its price target for Spirit AeroSystems from $ 50.00 to $ 54.00 and rated the company as “overweight” in a report on Monday March 22nd. Credit Suisse Group raised its price target for Spirit AeroSystems from USD 50.00 to USD 51.00 and rated the company as “outperform” in a report on Thursday, May 6th. Finally, Cowen raised his price target for Spirit AeroSystems from USD 60.00 to USD 70.00 and rated the company as “outperform” in a report on Tuesday, June 22nd. Two investment analysts have rated the stock with a sell rating, four with a hold rating and ten with a buy rating. Spirit AeroSystems currently has a consensus rating of “Buy” and a consensus price target of $ 44.06.
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SPR shares rose $ 1.24 during Thursday’s trading hours to hit $ 46.27. 2,718,897 shares in the company were exchanged compared to an average volume of 2,397,360. The company has a market cap of $ 4.88 billion, a P / E of -5.47, and a beta of 2.10. The company’s 50-day simple moving average is $ 47.33. Spirit AeroSystems has a 52-week low of $ 17.26 and a 52-week high of $ 53.63. The company has a debt of 5.09, a quick ratio of 1.74 and a current ratio of 2.68.
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 6th. Investors registered on Monday June 14th received a dividend of $ 0.01 per share. The ex-dividend date of this dividend was Friday June 11th. This equates to a dividend of $ 0.04 on an annual basis and a yield of 0.09%. The payout ratio of Spirit AeroSystems is -0.70%.
A number of hedge funds have recently added or reduced their stake in SPR. Amundi Asset Management US Inc. increased its stake in Spirit AeroSystems by 120.8% in the first quarter. Amundi Asset Management US Inc. now owns 2,729,865 shares in the aerospace company valued at $ 132,807,000 after purchasing an additional 1,493,791 shares in the last quarter. Norges Bank bought a new position in Spirit AeroSystems in the fourth quarter for $ 57,030,000. Amundi Pioneer Asset Management Inc. bought a new position in Spirit AeroSystems in the fourth quarter for $ 48,319,000. Artemis Investment Management LLP increased its position in Spirit AeroSystems by 93.7% in the first quarter. Artemis Investment Management LLP now owns 2,441,942 shares in the aerospace company valued at $ 118,760,000 after purchasing an additional 1,181,170 shares last quarter. Finally, SG Americas Securities LLC bought a new position in Spirit AeroSystems in the first quarter for $ 52,209,000. 75.61% of the shares are owned by hedge funds and other institutional investors.
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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