Spirit AeroSystems Holdings, Inc. (NYSE: SPR) – Truist Securiti equity analysts lowered their earnings per share (EPS) estimates for Spirit AeroSystems for the third quarter of 2021 in a report released Wednesday, August 4th. Truist Securiti analyst M. Ciarmoli now expects the aerospace company to earn $ 0.51 per share for the quarter, up from its previous estimate ($ 0.38). Truist Securiti also gave estimates for Spirit AeroSystems’ FY2021 earnings at ($ 2.24) EPS and FY2022 earnings at $ 0.05 EPS. Spirit AeroSystems (NYSE: SPR) last released its earnings results on Tuesday, August 3rd. The aerospace company reported earnings per share (EPS) ($ 0.31) for the quarter, beating Thomson Reuters’ consensus estimate of ($ 0.70) by $ 0.39. Spirit AeroSystems had a negative net margin of 27.23% and a negative return on equity of 64.00%. The company had revenue of $ 1 billion for the quarter, compared to analyst expectations of $ 956.45 million. For the same quarter last year, the company had earnings per share ($ 2.28). The company’s sales increased 55.3% compared to the same quarter of the previous year.
Several other analysts have also commented on the stock. Bank of America upgraded the stock of Spirit AeroSystems from an “underperform” rating to a “buy” rating and set a price target of USD 50.00 for the stock in a research report on Friday. Susquehanna lowered her price target for Spirit AeroSystems shares from USD 60.00 to USD 54.00 and rated the shares as “positive” in a research report on Thursday. Cowen raised his price target for Spirit AeroSystems shares from USD 60.00 to USD 70.00 and rated the company as “outperform” in a research report on Tuesday, June 22nd. 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 research report on Thursday, July 29th. Finally, Credit Suisse Group lowered its price target for Spirit AeroSystems shares from USD 62.00 to USD 58.00 and rated the shares as “Outperform” in a research report on Thursday. Four research analysts have given the share a hold rating and eleven a buy rating. The company currently has an average rating of “Buy” and an average price target of $ 48.27.
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Spirit AeroSystems stock opened Monday at $ 42.33. The company has a current metric of 2.68, a quick ratio of 1.74 and debt of 5.09. The fifty day simple moving average of the company is $ 46.67. Spirit AeroSystems has a 1-year low of $ 17.26 and a 1-year high of $ 53.63. The stock has a market cap of $ 4.46 billion, a P / E of -5.00, and a beta of 2.10.
A number of institutional investors and hedge funds have recently bought and sold shares in the stock. Deseret Mutual Benefit Administrators took on a new position at Spirit AeroSystems in the second quarter valued at approximately $ 131,000. Parkside Financial Bank & Trust increased its position 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. 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 purchasing an additional 578 shares during the period. American Century Companies Inc. increased its stake in Spirit AeroSystems by 5.7% in the second quarter. American Century Companies Inc. now owns 799,969 shares in the aerospace company valued at $ 37,751,000 after purchasing an additional 43,051 shares during the period. Eventually, Platform Technology Partners acquired a new position at Spirit AeroSystems in the second quarter valued at approximately $ 224,000. Hedge funds and other institutional investors own 75.61% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 4th. Investors 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%. 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 hull, such as floor beams.
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