Brokerages expect Spirit AeroSystems Holdings, Inc. (NYSE:SPR) to post earnings of $1.71 per share for the current quarter, Zacks reports. Five analysts have provided estimates for Spirit AeroSystems’ earnings. The highest EPS estimate is $1.80 and the lowest is $1.61. Spirit AeroSystems reported earnings per share of $1.63 in the same quarter last year, which indicates a positive year over year growth rate of 4.9%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, August 7th.

On average, analysts expect that Spirit AeroSystems will report full year earnings of $7.09 per share for the current financial year, with EPS estimates ranging from $6.90 to $7.43. For the next fiscal year, analysts forecast that the business will post earnings of $8.23 per share, with EPS estimates ranging from $7.55 to $9.23. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Spirit AeroSystems.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings results on Wednesday, May 1st. The aerospace company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.01. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.93 billion. Spirit AeroSystems had a return on equity of 63.36% and a net margin of 8.78%. The company’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the company earned $1.10 earnings per share.

Several equities research analysts have weighed in on the company. Zacks Investment Research raised Spirit AeroSystems from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. Seaport Global Securities downgraded Spirit AeroSystems from a “buy” rating to a “neutral” rating and set a $98.64 price target for the company. in a report on Tuesday, March 5th. Credit Suisse Group reissued an “outperform” rating and issued a $103.00 price target (up previously from $96.00) on shares of Spirit AeroSystems in a report on Monday, February 4th. Sanford C. Bernstein reissued an “outperform” rating and issued a $112.00 price target (up previously from $102.00) on shares of Spirit AeroSystems in a report on Friday, February 8th. Finally, Cowen downgraded Spirit AeroSystems from an “outperform” rating to a “market perform” rating and set a $92.49 price target for the company. in a report on Wednesday, April 3rd. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Spirit AeroSystems presently has an average rating of “Buy” and a consensus price target of $101.47.

Shares of NYSE SPR opened at $82.37 on Thursday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.95 and a quick ratio of 1.39. The stock has a market capitalization of $8.37 billion, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 1.47 and a beta of 1.38. Spirit AeroSystems has a fifty-two week low of $64.48 and a fifty-two week high of $100.34.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Monday, June 17th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Friday, June 14th. Spirit AeroSystems’s payout ratio is 7.67%.

In other news, Director Paul E. Fulchino sold 20,000 shares of the firm’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $95.33, for a total value of $1,906,600.00. Following the completion of the transaction, the director now directly owns 12,234 shares in the company, valued at $1,166,267.22. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert D. Johnson sold 500 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $99.60, for a total value of $49,800.00. The disclosure for this sale can be found here. Company insiders own 0.84% of the company’s stock.

Several large investors have recently made changes to their positions in SPR. JPMorgan Chase & Co. raised its position in Spirit AeroSystems by 35.4% during the third quarter. JPMorgan Chase & Co. now owns 491,948 shares of the aerospace company’s stock valued at $45,096,000 after acquiring an additional 128,587 shares in the last quarter. Retirement Systems of Alabama raised its position in Spirit AeroSystems by 26.2% during the fourth quarter. Retirement Systems of Alabama now owns 41,652 shares of the aerospace company’s stock valued at $3,003,000 after acquiring an additional 8,637 shares in the last quarter. DNB Asset Management AS raised its position in Spirit AeroSystems by 21.9% during the fourth quarter. DNB Asset Management AS now owns 19,456 shares of the aerospace company’s stock valued at $1,403,000 after acquiring an additional 3,489 shares in the last quarter. Oakbrook Investments LLC purchased a new position in Spirit AeroSystems during the fourth quarter valued at approximately $407,000. Finally, Nisa Investment Advisors LLC raised its position in Spirit AeroSystems by 21.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 12,877 shares of the aerospace company’s stock valued at $928,000 after acquiring an additional 2,301 shares in the last quarter. Hedge funds and other institutional investors own 95.85% of the company’s stock.

Spirit AeroSystems Company Profile

Spirit AeroSystems Holdings, Inc designs, manufactures, and supplies commercial aero structures in the United States and internationally. The company operates in 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 related spares, as well as maintenance, repairs, and overhaul (MRO) services.

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

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