Spirit AeroSystems Holdings, Inc. (NYSE:SPR) – Equities researchers at SunTrust Banks cut their FY2018 earnings estimates for Spirit AeroSystems in a research note issued to investors on Wednesday, September 12th. SunTrust Banks analyst M. Ciarmoli now expects that the aerospace company will earn $6.13 per share for the year, down from their previous estimate of $6.36.

Spirit AeroSystems (NYSE:SPR) last released its earnings results on Wednesday, August 1st. The aerospace company reported $1.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.12. Spirit AeroSystems had a return on equity of 39.74% and a net margin of 7.68%. The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the previous year, the firm posted $1.57 EPS. The firm’s quarterly revenue was up .6% on a year-over-year basis.

SPR has been the topic of several other research reports. Zacks Investment Research cut Spirit AeroSystems from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. ValuEngine upgraded Spirit AeroSystems from a “hold” rating to a “buy” rating in a research report on Wednesday, July 18th. Credit Suisse Group lowered their price target on Spirit AeroSystems from $112.00 to $102.00 and set an “outperform” rating on the stock in a report on Thursday, August 2nd. UBS Group began coverage on Spirit AeroSystems in a report on Wednesday, August 15th. They issued a “buy” rating and a $110.00 price target on the stock. Finally, Bank of America lowered their price target on Spirit AeroSystems from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $101.21.

NYSE SPR opened at $88.22 on Monday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.04 and a current ratio of 1.52. Spirit AeroSystems has a 12-month low of $76.00 and a 12-month high of $105.20. The company has a market cap of $9.28 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 1.28 and a beta of 1.28.

Hedge funds have recently bought and sold shares of the stock. Barings LLC lifted its stake in Spirit AeroSystems by 43.3% in the 2nd quarter. Barings LLC now owns 21,500 shares of the aerospace company’s stock valued at $1,847,000 after buying an additional 6,500 shares in the last quarter. Mackay Shields LLC lifted its stake in Spirit AeroSystems by 18.7% in the 2nd quarter. Mackay Shields LLC now owns 150,714 shares of the aerospace company’s stock valued at $12,947,000 after buying an additional 23,691 shares in the last quarter. Chilton Investment Co. LLC purchased a new stake in Spirit AeroSystems in the 2nd quarter valued at approximately $3,196,000. Gideon Capital Advisors Inc. purchased a new stake in Spirit AeroSystems in the 1st quarter valued at approximately $752,000. Finally, Rhumbline Advisers lifted its stake in Spirit AeroSystems by 7.6% in the 2nd quarter. Rhumbline Advisers now owns 123,619 shares of the aerospace company’s stock valued at $10,620,000 after buying an additional 8,691 shares in the last quarter.

In related news, Director Charles L. Chadwell sold 11,500 shares of the company’s stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $87.33, for a total value of $1,004,295.00. Following the sale, the director now owns 13,821 shares of the company’s stock, valued at approximately $1,206,987.93. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert D. Johnson sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $85.37, for a total value of $42,685.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,920 shares of company stock worth $1,644,796. Insiders own 0.87% of the company’s stock.

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

About Spirit AeroSystems

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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