Analysts expect Spirit AeroSystems Holdings, Inc. (NYSE: SPR) to post earnings of ($ 0.74) per share for the current quarter, reports Zacks Investment Research. Three analysts have published estimates of Spirit AeroSystems’ profits. The lowest EPS estimate is ($ 1.43) and the highest is ($ 0.47). Spirit AeroSystems reported earnings per share of ($ 1.34) for the same quarter last year, suggesting a positive year-over-year growth rate of 44.8%. The company is expected to release its next earnings results before the market opens on Wednesday, November 3rd.
On average, analysts expect Spirit AeroSystems to post full year earnings of ($ 2.73) per share for the current fiscal year, with EPS estimates between (3.65) and ($ 2.24). For the next fiscal year, analysts expect the company to post earnings of $ 0.07 per share, with EPS estimates ranging between ($ 0.40) and $ 0.50. Zacks Investment Research’s average earnings per share is an average based on a survey of sell-side analysts covering Spirit AeroSystems.
Spirit AeroSystems (NYSE: SPR) last released its quarterly earnings data 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 return on equity of 52.84% and a negative net margin of 21.15%. The company had revenue of $ 1 billion for the quarter, compared to analyst expectations of $ 956.45 million. For the same period last year, the company achieved ($ 2.28) EPS. Sales of Spirit AeroSystems increased by 55.3% compared to the same quarter of the previous year.
Several brokerage firms recently looked at SPR. Credit Suisse Group lowered its price target for Spirit AeroSystems from USD 62.00 to USD 58.00 and rated the company as “outperforming” in a research report on Thursday, August 5th. Cowen raised his price target on Spirit AeroSystems shares from $ 60.00 to $ 70.00 and rated the company 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. Zacks Investment Research upgraded Spirit AeroSystems’ shares from a “sell” rating to a “hold” rating and in a report dated Thursday, July 29th, set a price target of $ 47.00 on the stock. Eventually, Bank of America upgraded Spirit AeroSystems from an “underperform” rating to a “buy” rating and in a report on Friday, August 6, set a price target of $ 50.00 for the company. Four research analysts have given the share a hold rating and twelve with a buy rating. According to data from MarketBeat.com, Spirit AeroSystems currently has an average rating of “Buy” and a consensus price target of $ 49.38.
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SPR stock rose $ 0.03 during Friday’s trading to hit $ 44.20. 2,273,747 shares were exchanged compared to an average volume of 2,089,519. The company has a current metric of 2.48, a fast metric of 1.62, and a debt of 6.34. The company has a market capitalization of $ 4.66 billion, a price / earnings ratio of -6.05, and a beta of 2.09. The company has a 50-day moving average price of $ 41.88 and a 200-day moving average price of $ 44.84. Spirit AeroSystems has a 1-year low of $ 17.72 and a 1-year high of $ 53.63.
The company also recently announced a quarterly dividend, which was paid on Monday, October 4th. Investors registered on Monday, September 13th, received a dividend of $ 0.01 per share. The ex-dividend date of this dividend was Friday September 10th. This equates to an annualized dividend of $ 0.04 and a yield of 0.09%. Spirit AeroSystems’ dividend payout ratio (DPR) is -0.70%.
Hedge funds and other institutional investors recently changed their holdings in the company. Russell Investments Group Ltd. increased its stake in Spirit AeroSystems shares by 57.7% in the first quarter. Russell Investments Group Ltd. now owns 51,883 shares in the aerospace company valued at $ 2,523,000 after buying an additional 18,976 shares last quarter. Teacher Retirement System of Texas increased his position in Spirit AeroSystems by 22.5% in the first quarter. Texas-based Teacher Retirement System now owns 11,808 shares in the aerospace company, valued at $ 574,000, after purchasing an additional 2,172 shares last quarter. Brinker Capital Investments LLC acquired a new stake in Spirit AeroSystems worth $ 443,000 in the first quarter. Panagora Asset Management Inc. increased its stake in Spirit AeroSystems shares by 59.0% in the first quarter. Panagora Asset Management Inc. now owns 6,519 shares of the aerospace company valued at $ 317,000 after purchasing an additional 2,420 shares last quarter. Finally, JPMorgan Chase & Co. increased its position in Spirit AeroSystems stocks by 74.5% in the first quarter. JPMorgan Chase & Co. now owns 1,637,075 shares in the aerospace company valued at $ 79,644,000 after purchasing an additional 699,111 shares during the period. Institutional investors and hedge funds own 74.80% of the company’s stock.
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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