Brokerages forecast that Spirit AeroSystems Holdings, Inc. (NYSE:SPR) will report $1.71 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Spirit AeroSystems’ earnings, with the highest EPS estimate coming in at $1.82 and the lowest estimate coming in at $1.57. Spirit AeroSystems reported earnings per share of $1.70 during the same quarter last year, which would indicate a positive year-over-year growth rate of 0.6%. The company is expected to issue its next quarterly earnings report on Wednesday, October 30th.
According to Zacks, analysts expect that Spirit AeroSystems will report full-year earnings of $6.85 per share for the current year, with EPS estimates ranging from $6.61 to $7.00. For the next year, analysts anticipate that the business will report earnings of $7.83 per share, with EPS estimates ranging from $7.02 to $8.71. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Spirit AeroSystems.
Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings data on Wednesday, July 31st. The aerospace company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.07. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.98 billion. Spirit AeroSystems had a net margin of 8.88% and a return on equity of 56.85%. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.63 earnings per share.
SPR traded up $0.03 during midday trading on Thursday, hitting $71.07. 1,021 shares of the company’s stock traded hands, compared to its average volume of 1,135,459. The stock has a market capitalization of $7.49 billion, a P/E ratio of 11.31, a PEG ratio of 1.36 and a beta of 1.26. The company’s fifty day moving average price is $76.59. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 1.47. Spirit AeroSystems has a one year low of $64.48 and a one year high of $100.34.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, September 13th. This represents a $0.48 dividend on an annualized basis and a yield of 0.68%. Spirit AeroSystems’s dividend payout ratio is currently 7.67%.
In other Spirit AeroSystems news, Director Robert D. Johnson sold 500 shares of Spirit AeroSystems stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $79.95, for a total transaction of $39,975.00. Following the sale, the director now owns 2,925 shares in the company, valued at $233,853.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.84% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of SPR. AQR Capital Management LLC lifted its holdings in shares of Spirit AeroSystems by 15.5% during the second quarter. AQR Capital Management LLC now owns 5,376,020 shares of the aerospace company’s stock valued at $431,748,000 after acquiring an additional 721,914 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in shares of Spirit AeroSystems by 24.6% during the second quarter. UBS Asset Management Americas Inc. now owns 1,842,436 shares of the aerospace company’s stock valued at $149,919,000 after acquiring an additional 363,725 shares during the period. Prudential Financial Inc. lifted its holdings in shares of Spirit AeroSystems by 57.6% during the second quarter. Prudential Financial Inc. now owns 938,924 shares of the aerospace company’s stock valued at $76,401,000 after acquiring an additional 343,033 shares during the period. Teacher Retirement System of Texas lifted its holdings in shares of Spirit AeroSystems by 453.8% during the first quarter. Teacher Retirement System of Texas now owns 400,755 shares of the aerospace company’s stock valued at $36,681,000 after acquiring an additional 328,394 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Spirit AeroSystems by 316.2% during the second quarter. Invesco Ltd. now owns 406,408 shares of the aerospace company’s stock valued at $33,070,000 after acquiring an additional 308,766 shares during the period. 95.97% of the stock is owned by institutional investors.
Spirit AeroSystems Company Profile
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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