Brokerages expect that Spirit AeroSystems Holdings, Inc. (NYSE:SPR) will report $1.65 earnings per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Spirit AeroSystems’ earnings. The highest EPS estimate is $1.74 and the lowest is $1.60. Spirit AeroSystems reported earnings per share of $1.26 during the same quarter last year, which indicates a positive year over year growth rate of 31%. The business is scheduled to report its next earnings report on Wednesday, November 7th.

On average, analysts expect that Spirit AeroSystems will report full year earnings of $6.25 per share for the current year, with EPS estimates ranging from $6.13 to $6.40. For the next fiscal year, analysts anticipate that the business will report earnings of $7.16 per share, with EPS estimates ranging from $6.50 to $7.52. Zacks’ EPS 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, August 1st. The aerospace company reported $1.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.51 by $0.12. Spirit AeroSystems had a net margin of 7.68% and a return on equity of 39.74%. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the firm earned $1.57 earnings per share. The business’s quarterly revenue was up .6% on a year-over-year basis.

Several equities research analysts have recently issued reports on SPR shares. ValuEngine downgraded shares of Spirit AeroSystems from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Bank of America lowered their price objective on shares of Spirit AeroSystems from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Thursday, August 2nd. Credit Suisse Group lowered their price objective on shares of Spirit AeroSystems from $112.00 to $102.00 and set an “outperform” rating for the company in a research report on Thursday, August 2nd. Cowen reissued a “buy” rating and set a $100.00 price objective on shares of Spirit AeroSystems in a research report on Wednesday, August 1st. Finally, Morgan Stanley lowered their price objective on shares of Spirit AeroSystems from $110.00 to $107.00 and set an “overweight” rating for the company in a research report on Thursday, July 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. Spirit AeroSystems currently has an average rating of “Buy” and a consensus target price of $101.21.

In related news, SVP Duane F. Hawkins sold 3,500 shares of the stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $85.50, for a total transaction of $299,250.00. Following the completion of the transaction, the senior vice president now owns 41,191 shares in the company, valued at $3,521,830.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert D. Johnson sold 500 shares of the stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $85.37, for a total transaction of $42,685.00. The disclosure for this sale can be found here. Insiders have sold 18,920 shares of company stock valued at $1,644,796 in the last 90 days. 0.87% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mount Yale Investment Advisors LLC acquired a new position in Spirit AeroSystems during the first quarter worth $101,000. Atria Investments LLC acquired a new position in Spirit AeroSystems during the second quarter worth $201,000. Lucia Wealth Services LLC acquired a new position in Spirit AeroSystems during the first quarter worth $211,000. Raymond James Financial Services Advisors Inc. acquired a new position in Spirit AeroSystems during the second quarter worth $222,000. Finally, Point72 Asia Hong Kong Ltd acquired a new position in Spirit AeroSystems during the first quarter worth $232,000.

Shares of NYSE:SPR opened at $88.22 on Friday. Spirit AeroSystems has a 52 week low of $76.00 and a 52 week high of $105.20. The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 1.95. The company has a market capitalization of $9.32 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 1.29 and a beta of 1.28.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 9th. Investors of record on Monday, September 17th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Friday, September 14th. Spirit AeroSystems’s payout ratio is 8.97%.

Spirit AeroSystems Company Profile

Spirit AeroSystems Holdings, Inc, through its subsidiaries, designs, manufactures, and supplies commercial aero structures worldwide. It operates through 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 offers related spares and maintenance, repairs, and overhaul (MRO) services.

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

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