Spirit Aerosystems Holdings, Inc. (NYSE:SPR) – Equities research analysts at Jefferies Group issued their FY2017 earnings estimates for Spirit Aerosystems Holdings in a report issued on Wednesday, Zacks Investment Research reports. Jefferies Group analyst S. Kahyaoglu expects that the aerospace company will post earnings per share of $5.20 for the year. Jefferies Group currently has a “Buy” rating and a $90.00 target price on the stock. Jefferies Group also issued estimates for Spirit Aerosystems Holdings’ Q4 2017 earnings at $1.20 EPS, Q1 2018 earnings at $1.31 EPS, Q2 2018 earnings at $1.44 EPS, Q3 2018 earnings at $1.44 EPS, Q4 2018 earnings at $1.37 EPS, FY2018 earnings at $5.55 EPS, FY2019 earnings at $5.90 EPS and FY2020 earnings at $6.30 EPS.
Several other equities analysts also recently issued reports on SPR. Berenberg Bank began coverage on Spirit Aerosystems Holdings in a research report on Tuesday, November 7th. They set a “buy” rating and a $100.00 price objective for the company. Seaport Global Securities upgraded Spirit Aerosystems Holdings from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $62.00 to $83.00 in a research report on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) upgraded Spirit Aerosystems Holdings from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $54.00 to $68.00 in a research report on Thursday, August 10th. Zacks Investment Research upgraded Spirit Aerosystems Holdings from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a research report on Thursday, August 10th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $80.00 price objective (up from $65.00) on shares of Spirit Aerosystems Holdings in a research report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company’s stock. Spirit Aerosystems Holdings presently has an average rating of “Hold” and a consensus target price of $79.95.
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Spirit Aerosystems Holdings (NYSE:SPR) opened at $80.85 on Monday. The company has a current ratio of 1.56, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $9,278.83, a P/E ratio of 16.41, a PEG ratio of 1.42 and a beta of 1.16. Spirit Aerosystems Holdings has a 52-week low of $51.85 and a 52-week high of $84.75.
Spirit Aerosystems Holdings (NYSE:SPR) last issued its quarterly earnings data on Wednesday, November 1st. The aerospace company reported $1.26 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.26. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.74 billion. Spirit Aerosystems Holdings had a return on equity of 31.14% and a net margin of 4.98%. The business’s revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.16 earnings per share.
A number of large investors have recently modified their holdings of the stock. Clearbridge Investments LLC boosted its holdings in Spirit Aerosystems Holdings by 0.4% in the first quarter. Clearbridge Investments LLC now owns 8,863 shares of the aerospace company’s stock worth $513,000 after purchasing an additional 36 shares in the last quarter. Homrich & Berg boosted its holdings in Spirit Aerosystems Holdings by 0.5% in the second quarter. Homrich & Berg now owns 7,325 shares of the aerospace company’s stock worth $424,000 after purchasing an additional 38 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. boosted its holdings in Spirit Aerosystems Holdings by 0.7% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 13,700 shares of the aerospace company’s stock worth $794,000 after purchasing an additional 100 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Spirit Aerosystems Holdings by 9.5% in the first quarter. Nomura Asset Management Co. Ltd. now owns 1,840 shares of the aerospace company’s stock worth $106,000 after purchasing an additional 160 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in Spirit Aerosystems Holdings by 6.7% in the second quarter. State of Alaska Department of Revenue now owns 3,539 shares of the aerospace company’s stock worth $205,000 after purchasing an additional 222 shares in the last quarter. Hedge funds and other institutional investors own 99.59% of the company’s stock.
In related news, SVP John A. Pilla sold 10,088 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $74.60, for a total value of $752,564.80. Following the completion of the sale, the senior vice president now directly owns 93,258 shares in the company, valued at $6,957,046.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Duane F. Hawkins sold 5,000 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $83.04, for a total transaction of $415,200.00. Following the completion of the sale, the senior vice president now owns 39,374 shares of the company’s stock, valued at $3,269,616.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,688 shares of company stock worth $1,672,599. 0.28% of the stock is currently owned by corporate insiders.
Spirit Aerosystems Holdings announced that its board has initiated a share buyback plan on Wednesday, August 2nd that permits the company to buyback $400.00 million in shares. This buyback authorization permits the aerospace company to purchase up to 4.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 8th. Stockholders of record on Monday, December 18th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Friday, December 15th. Spirit Aerosystems Holdings’s dividend payout ratio is currently 14.08%.
About Spirit Aerosystems Holdings
Spirit AeroSystems Holdings, Inc is a non-original equipment manufacturer (OEM), aircraft parts designer and manufacturer of commercial aero-structures. The Company is also a supplier of aero-structures. The Company operates through three segments: Fuselage Systems, Propulsion Systems and Wing Systems.
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