Equities analysts expect that Spirit AeroSystems Holdings, Inc. (NYSE:SPR) will post $1.92 billion in sales for the current quarter, Zacks reports. Five analysts have made estimates for Spirit AeroSystems’ earnings. The highest sales estimate is $1.97 billion and the lowest is $1.86 billion. Spirit AeroSystems reported sales of $1.84 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 4.3%. The firm is expected to issue its next earnings report on Friday, February 7th.
According to Zacks, analysts expect that Spirit AeroSystems will report full year sales of $7.83 billion for the current year, with estimates ranging from $7.77 billion to $7.88 billion. For the next fiscal year, analysts expect that the company will post sales of $8.06 billion, with estimates ranging from $7.42 billion to $8.75 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 issued its earnings results on Thursday, October 31st. The aerospace company reported $1.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.67 by ($0.29). The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.98 billion. Spirit AeroSystems had a return on equity of 49.21% and a net margin of 8.27%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.70 EPS.
NYSE SPR traded down $1.01 during trading on Friday, hitting $90.70. 870,261 shares of the company’s stock were exchanged, compared to its average volume of 975,988. The company has a current ratio of 2.06, a quick ratio of 1.51 and a debt-to-equity ratio of 1.35. The company has a market cap of $9.49 billion, a PE ratio of 14.49, a P/E/G ratio of 2.03 and a beta of 1.18. Spirit AeroSystems has a fifty-two week low of $64.48 and a fifty-two week high of $100.34. The stock’s 50 day moving average price is $83.16 and its two-hundred day moving average price is $80.86.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 16th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.53%. The ex-dividend date is Friday, December 13th. Spirit AeroSystems’s dividend payout ratio is currently 7.67%.
In other news, Director Robert D. Johnson sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $79.58, for a total value of $39,790.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.84% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Ellevest Inc. acquired a new stake in Spirit AeroSystems during the 2nd quarter valued at approximately $28,000. Capital Bank & Trust Co acquired a new stake in Spirit AeroSystems during the 2nd quarter valued at approximately $33,000. Parallel Advisors LLC increased its position in Spirit AeroSystems by 1,685.2% during the 2nd quarter. Parallel Advisors LLC now owns 482 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 455 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in Spirit AeroSystems during the 2nd quarter valued at approximately $40,000. Finally, Doyle Wealth Management acquired a new stake in Spirit AeroSystems during the 2nd quarter valued at approximately $46,000. 98.10% of the stock is owned by institutional investors.
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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