Zacks: Analysts Anticipate Spirit AeroSystems Holdings, Inc. (SPR) Will Post Quarterly Sales of $1.95 Billion

Brokerages expect Spirit AeroSystems Holdings, Inc. (NYSE:SPR) to post sales of $1.95 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Spirit AeroSystems’ earnings, with the lowest sales estimate coming in at $1.90 billion and the highest estimate coming in at $1.99 billion. Spirit AeroSystems posted sales of $1.74 billion in the same quarter last year, which suggests a positive year over year growth rate of 12.1%. The firm is scheduled to announce its next earnings results before the market opens on Wednesday, May 1st.

On average, analysts expect that Spirit AeroSystems will report full year sales of $8.07 billion for the current financial year, with estimates ranging from $7.91 billion to $8.16 billion. For the next financial year, analysts anticipate that the firm will post sales of $8.58 billion, with estimates ranging from $8.28 billion to $8.85 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Spirit AeroSystems.

Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings data on Friday, February 1st. The aerospace company reported $1.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.07. Spirit AeroSystems had a return on equity of 55.88% and a net margin of 8.54%. The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the previous year, the business earned $1.32 EPS. Spirit AeroSystems’s revenue was up 7.0% compared to the same quarter last year.



A number of research firms recently issued reports on SPR. Seaport Global Securities cut Spirit AeroSystems from a “buy” rating to a “neutral” rating and set a $98.64 price objective for the company. in a report on Tuesday, March 5th. Vertical Research cut Spirit AeroSystems from a “buy” rating to a “hold” rating and set a $103.00 price objective for the company. in a report on Wednesday, March 6th. Barclays restated a “buy” rating on shares of Spirit AeroSystems in a report on Wednesday, March 13th. Sanford C. Bernstein restated an “outperform” rating and set a $112.00 price objective (up previously from $102.00) on shares of Spirit AeroSystems in a report on Friday, February 8th. Finally, Cowen cut Spirit AeroSystems from an “outperform” rating to a “market perform” rating and set a $92.49 price objective for the company. in a report on Wednesday, April 3rd. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Spirit AeroSystems currently has a consensus rating of “Buy” and an average target price of $101.47.

SPR opened at $87.31 on Wednesday. Spirit AeroSystems has a 52-week low of $64.48 and a 52-week high of $100.34. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.80 and a quick ratio of 1.16. The firm has a market cap of $9.04 billion, a P/E ratio of 13.95, a price-to-earnings-growth ratio of 1.49 and a beta of 1.44.

The company also recently announced a quarterly dividend, which was paid on Monday, April 8th. Shareholders of record on Monday, March 18th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, March 15th. Spirit AeroSystems’s dividend payout ratio is 7.67%.

In other Spirit AeroSystems news, Director Robert D. Johnson sold 500 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $99.60, for a total value of $49,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul E. Fulchino sold 15,000 shares of the company’s stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $92.49, for a total value of $1,387,350.00. Following the completion of the sale, the director now owns 47,234 shares of the company’s stock, valued at $4,368,672.66. The disclosure for this sale can be found here. Insiders sold a total of 53,700 shares of company stock valued at $5,032,198 over the last quarter. Company insiders own 0.84% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Spirit AeroSystems by 66.7% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 500 shares of the aerospace company’s stock worth $36,000 after buying an additional 200 shares during the period. Doyle Wealth Management bought a new position in shares of Spirit AeroSystems in the 4th quarter worth $40,000. Truvestments Capital LLC bought a new position in shares of Spirit AeroSystems in the 1st quarter worth $42,000. Bessemer Group Inc. raised its position in shares of Spirit AeroSystems by 96.7% in the 4th quarter. Bessemer Group Inc. now owns 836 shares of the aerospace company’s stock worth $60,000 after acquiring an additional 411 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in shares of Spirit AeroSystems in the 4th quarter worth $80,000. Institutional investors and hedge funds own 95.66% of the company’s stock.

About Spirit AeroSystems

Spirit AeroSystems Holdings, Inc designs, manufactures, and supplies commercial aero structures in the United States and internationally. The company operates in 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 related spares, as well as maintenance, repairs, and overhaul (MRO) services.

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