Analysts forecast that Spirit AeroSystems Holdings, Inc. (NYSE:SPR) will announce sales of $1.65 billion for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Spirit AeroSystems’ earnings, with the highest sales estimate coming in at $1.70 billion and the lowest estimate coming in at $1.63 billion. Spirit AeroSystems posted sales of $1.57 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.1%. The firm is expected to issue its next earnings report on Wednesday, February 7th.

On average, analysts expect that Spirit AeroSystems will report full year sales of $1.65 billion for the current financial year, with estimates ranging from $6.89 billion to $7.04 billion. For the next financial year, analysts expect that the firm will report sales of $7.12 billion per share, with estimates ranging from $6.98 billion to $7.21 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Spirit AeroSystems.

Spirit AeroSystems (NYSE:SPR) last issued its earnings results on Wednesday, November 1st. The aerospace company reported $1.26 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.26. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.74 billion. Spirit AeroSystems had a return on equity of 31.14% and a net margin of 4.98%. Spirit AeroSystems’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.16 earnings per share.

Several research firms have commented on SPR. Seaport Global Securities restated a “buy” rating and issued a $120.00 price objective on shares of Spirit AeroSystems in a research report on Thursday. Wells Fargo & Co upgraded Spirit AeroSystems from a “market perform” rating to an “outperform” rating in a research report on Tuesday. Zacks Investment Research upgraded Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research report on Wednesday, January 10th. SunTrust Banks restated a “hold” rating and issued a $93.00 price objective on shares of Spirit AeroSystems in a research report on Tuesday, January 9th. Finally, Berenberg Bank began coverage on Spirit AeroSystems in a research report on Tuesday, November 7th. They issued a “buy” rating and a $100.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $87.78.

Shares of Spirit AeroSystems (SPR) opened at $97.66 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.56 and a quick ratio of 0.85. Spirit AeroSystems has a 52-week low of $51.85 and a 52-week high of $99.34. The company has a market capitalization of $11,300.00, a P/E ratio of 34.39, a price-to-earnings-growth ratio of 1.59 and a beta of 1.16.

The firm also recently announced a quarterly dividend, which was paid on Monday, January 8th. Stockholders of record on Monday, December 18th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend was Friday, December 15th. Spirit AeroSystems’s payout ratio is 14.08%.

In other news, SVP Duane F. Hawkins sold 5,000 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 39,374 shares of the company’s stock, valued at approximately $3,269,616.96. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert D. Johnson sold 500 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $84.13, for a total value of $42,065.00. Following the transaction, the director now directly owns 1,964 shares of the company’s stock, valued at $165,231.32. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Alliancebernstein L.P. grew its holdings in Spirit AeroSystems by 128.7% in the 2nd quarter. Alliancebernstein L.P. now owns 289,464 shares of the aerospace company’s stock valued at $16,772,000 after buying an additional 162,894 shares in the last quarter. Raymond James Trust N.A. purchased a new position in shares of Spirit AeroSystems during the 2nd quarter worth $200,000. Ameriprise Financial Inc. grew its holdings in shares of Spirit AeroSystems by 18.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 561,199 shares of the aerospace company’s stock worth $32,516,000 after purchasing an additional 88,542 shares during the period. BlackRock Inc. grew its holdings in shares of Spirit AeroSystems by 2.4% during the 2nd quarter. BlackRock Inc. now owns 6,280,205 shares of the aerospace company’s stock worth $363,874,000 after purchasing an additional 148,240 shares during the period. Finally, Amalgamated Bank grew its holdings in shares of Spirit AeroSystems by 24.4% during the 2nd quarter. Amalgamated Bank now owns 21,943 shares of the aerospace company’s stock worth $1,271,000 after purchasing an additional 4,304 shares during the period. 96.18% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece can be accessed at https://theolympiareport.com/2018/01/19/zacks-analysts-anticipate-spirit-aerosystems-holdings-inc-spr-will-post-quarterly-sales-of-1-65-billion.html.

About Spirit AeroSystems

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.

Get a free copy of the Zacks research report on Spirit AeroSystems (SPR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Spirit AeroSystems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirit AeroSystems and related companies with MarketBeat.com's FREE daily email newsletter.