Zacks: Analysts Anticipate Spirit AeroSystems Holdings, Inc. (SPR) Will Post Quarterly Sales of $1.65 Billion
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.
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.
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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.
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