Brokerages anticipate that Spirit AeroSystems Holdings, Inc. (NYSE: SPR) will report revenue of $ 993.31 million for the current fiscal quarter, according to Zacks. Three analysts have given estimates of Spirit AeroSystems’s profits. The lowest revenue estimate is $ 970.43 million and the highest is $ 1.03 billion. Spirit AeroSystems achieved sales of USD 806.30 million in the same quarter of the previous year, which indicates a positive growth rate of 23.2% compared to the previous year. The company is expected to release its next quarterly results on Tuesday, November 2nd.
According to Zacks, analysts expect Spirit AeroSystems to report total annual sales of $ 4.00 billion for the current fiscal year, with estimates ranging from $ 3.96 billion to $ 4.03 billion. For the next fiscal year, analysts expect sales of 4.91 billion US dollars, with estimates ranging between 4.69 billion US dollars and 5.26 billion US dollars. Zacks’ Selling Average is an average average based on a survey of research analysts who follow Spirit AeroSystems.
Spirit AeroSystems (NYSE: SPR) last released its quarterly earnings data on Tuesday, August 3rd. The aerospace company reported earnings per share ($ 0.31) for the quarter, beating analysts’ consensus estimate of ($ 0.70) by $ 0.39. The company had revenue of $ 1 billion for the quarter, compared to the consensus estimate 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 sales increased 55.3% compared to the same quarter of the previous year. For the same quarter last year, the company had earnings per share ($ 2.28).
A number of research analysts rated the stock. Credit Suisse Group lowered its price target for Spirit AeroSystems shares from USD 62.00 to USD 58.00 and rated the company as “outperform” in a research report on Thursday, August 5th. Bank of America upgraded the shares of 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 . 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 research report on Tuesday, June 22nd. Susquehanna lowered her price target on Spirit AeroSystems shares from USD 60.00 to USD 54.00 and rated the company as “positive” in a research report on Thursday, August 5th. Finally, Zacks Investment Research upgraded the stock of Spirit AeroSystems from a “sell” rating to a “hold” rating and in a research report on Thursday, July 29th, set a price target of $ 47.00 for the company fixed. Four investment analysts have given the share a hold rating and eleven a buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $ 48.27.
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Institutional investors recently added or reduced their stake 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 of the aerospace company, valued at $ 25,000, after buying an additional 241 shares last quarter. Captrust Financial Advisors acquired a new stake in Spirit AeroSystems worth $ 54,000 in the first quarter. Patriot Financial Group Insurance Agency LLC acquired a new stake in Spirit AeroSystems worth USD 60,000 in the second quarter. Fifth Third Bancorp increased its stake in Spirit AeroSystems shares by 119.4% in the first quarter. Fifth Third Bancorp now owns 1,433 shares of the aerospace company valued at $ 70,000 after buying an additional 780 shares last quarter. Ultimately, Deseret Mutual Benefit Administrators acquired a new stake in Spirit AeroSystems stock valued at $ 131,000 in the second quarter. Institutional investors own 74.80% of the company’s shares.
Spirit AeroSystems stock opened Tuesday at $ 44.21. The company has a 50-day simple moving average of $ 40.99 and a 200-day simple moving average of $ 45.08. The company has a market cap of $ 4.66 billion, a P / E of -6.06, and a beta of 2.09. Spirit AeroSystems has a 52-week low of $ 17.60 and a 52-week high of $ 53.63. 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 a dividend of $ 0.04 on an annual basis and a yield of 0.09%. Spirit AeroSystems’s dividend payout ratio (DPR) 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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