Spirit AeroSystems (SPR) Scheduled to Post Earnings on Tuesday
Spirit AeroSystems (NYSE:SPR) will release its earnings data on Tuesday, January 30th. Spirit AeroSystems has set its FY17 guidance at $5.00-5.25 EPS.
Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings results on Wednesday, November 1st. The aerospace company reported $1.26 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.26. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Spirit AeroSystems had a return on equity of 31.14% and a net margin of 4.98%. Spirit AeroSystems’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.16 EPS. On average, analysts expect Spirit AeroSystems to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Spirit AeroSystems (SPR) opened at $100.05 on Tuesday. The firm has a market capitalization of $11,570.00, a P/E ratio of 35.23, a price-to-earnings-growth ratio of 1.56 and a beta of 1.16. Spirit AeroSystems has a fifty-two week low of $51.85 and a fifty-two week high of $100.08. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.56 and a quick ratio of 0.85.
In other Spirit AeroSystems news, Director Robert D. Johnson sold 500 shares of the stock in a transaction 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 sale, the director now directly owns 1,964 shares of the company’s stock, valued at $165,231.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Duane F. Hawkins sold 5,000 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $83.04, for a total value of $415,200.00. Following the completion of the sale, the senior vice president now directly owns 39,374 shares in the company, valued at $3,269,616.96. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.
A number of research firms have weighed in on SPR. Cowen restated a “buy” rating and issued a $110.00 price target on shares of Spirit AeroSystems in a report on Monday. Seaport Global Securities reaffirmed a “buy” rating and issued a $120.00 target price on shares of Spirit AeroSystems in a research report on Thursday, January 18th. Wells Fargo & Co raised Spirit AeroSystems from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 16th. Zacks Investment Research raised Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Wednesday, January 10th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $93.00 target price on shares of Spirit AeroSystems in a research report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Spirit AeroSystems currently has an average rating of “Buy” and a consensus price target of $89.00.
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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