$1.70 Billion in Sales Expected for Spirit AeroSystems (SPR) This Quarter

Wall Street analysts expect that Spirit AeroSystems (NYSE:SPR) will report $1.70 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Spirit AeroSystems’ earnings, with estimates ranging from $1.66 billion to $1.73 billion. Spirit AeroSystems reported sales of $1.69 billion during the same quarter last year, which indicates a positive year over year growth rate of 0.6%. The company is scheduled to report its next earnings results on Wednesday, May 2nd.

On average, analysts expect that Spirit AeroSystems will report full-year sales of $7.18 billion for the current year, with estimates ranging from $7.14 billion to $7.24 billion. For the next financial year, analysts expect that the business will report sales of $7.57 billion per share, with estimates ranging from $7.47 billion to $7.75 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Spirit AeroSystems.

Spirit AeroSystems (NYSE:SPR) last issued its earnings results on Friday, February 2nd. The aerospace company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.10. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.66 billion. Spirit AeroSystems had a return on equity of 34.03% and a net margin of 5.08%. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.89 EPS.



A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a report on Wednesday, January 10th. Canaccord Genuity reiterated a “buy” rating and issued a $115.00 target price on shares of Spirit AeroSystems in a report on Monday, January 29th. Jefferies Group reiterated a “buy” rating and issued a $112.00 target price on shares of Spirit AeroSystems in a report on Monday, February 5th. Cowen reiterated a “buy” rating and issued a $110.00 target price on shares of Spirit AeroSystems in a report on Monday, February 5th. Finally, Barclays assumed coverage on Spirit AeroSystems in a report on Thursday, March 29th. They issued an “overweight” rating and a $117.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the stock. Spirit AeroSystems currently has an average rating of “Buy” and an average price target of $99.84.

In other Spirit AeroSystems news, SVP Stacy Cozad sold 1,100 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $91.47, for a total transaction of $100,617.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP William Edward Brown sold 5,500 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $92.36, for a total value of $507,980.00. Following the transaction, the senior vice president now owns 21,664 shares in the company, valued at approximately $2,000,887.04. The disclosure for this sale can be found here. Company insiders own 0.87% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Macquarie Group Ltd. grew its holdings in Spirit AeroSystems by 14.0% during the fourth quarter. Macquarie Group Ltd. now owns 183,200 shares of the aerospace company’s stock valued at $15,984,000 after purchasing an additional 22,430 shares during the last quarter. Toronto Dominion Bank acquired a new position in Spirit AeroSystems during the fourth quarter valued at approximately $609,000. Parametric Portfolio Associates LLC grew its holdings in Spirit AeroSystems by 42.7% during the third quarter. Parametric Portfolio Associates LLC now owns 405,366 shares of the aerospace company’s stock valued at $31,505,000 after purchasing an additional 121,294 shares during the last quarter. Candriam Luxembourg S.C.A. acquired a new position in Spirit AeroSystems during the fourth quarter valued at approximately $234,000. Finally, Maverick Capital Ltd. grew its holdings in Spirit AeroSystems by 56.2% during the fourth quarter. Maverick Capital Ltd. now owns 108,600 shares of the aerospace company’s stock valued at $9,475,000 after purchasing an additional 39,080 shares during the last quarter. Institutional investors own 97.48% of the company’s stock.

Shares of SPR opened at $78.68 on Friday. The stock has a market capitalization of $9,064.09, a PE ratio of 14.71, a price-to-earnings-growth ratio of 1.14 and a beta of 1.48. Spirit AeroSystems has a fifty-two week low of $51.85 and a fifty-two week high of $105.20. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.74 and a current ratio of 1.64.

Spirit AeroSystems declared that its board has approved a share repurchase program on Friday, February 2nd that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the aerospace company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 9th. Investors of record on Monday, March 19th were issued a $0.10 dividend. The ex-dividend date was Friday, March 16th. This represents a $0.40 dividend on an annualized basis and a yield of 0.51%. Spirit AeroSystems’s dividend payout ratio is currently 7.48%.

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Spirit AeroSystems Company Profile

Spirit AeroSystems Holdings, Inc, through its subsidiaries, designs, manufactures, and supplies commercial aero structures worldwide. It operates through three segments: Fuselage Systems, Propulsion Systems, and Wing Systems. The Fuselage Systems segment develops, produces, and markets forward, mid, and rear fuselage sections and systems primarily to aircraft original equipment manufacturers (OEMs); and offers related spares and maintenance, repairs, and overhaul (MRO) services.

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Earnings History and Estimates for Spirit AeroSystems (NYSE:SPR)

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