Equities research analysts expect Spirit AeroSystems Holdings, Inc. (NYSE:SPR) to report sales of $832.19 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Spirit AeroSystems’ earnings. The highest sales estimate is $957.50 million and the lowest is $602.50 million. Spirit AeroSystems posted sales of $2.02 billion in the same quarter last year, which suggests a negative year over year growth rate of 58.8%. The firm is expected to issue its next earnings report on Wednesday, July 29th.

According to Zacks, analysts expect that Spirit AeroSystems will report full-year sales of $3.81 billion for the current year, with estimates ranging from $3.34 billion to $4.11 billion. For the next financial year, analysts expect that the business will report sales of $4.32 billion, with estimates ranging from $3.54 billion to $5.34 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Spirit AeroSystems.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings data on Wednesday, May 6th. The aerospace company reported ($0.79) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.42) by $0.63. Spirit AeroSystems had a return on equity of 20.46% and a net margin of 2.92%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the company posted $1.68 earnings per share. Spirit AeroSystems’s revenue was down 44.1% compared to the same quarter last year.

SPR has been the subject of several research analyst reports. Berenberg Bank lowered Spirit AeroSystems from a “buy” rating to a “hold” rating and set a $25.00 price objective for the company. in a report on Tuesday, June 23rd. TheStreet downgraded Spirit AeroSystems from a “c” rating to a “d” rating in a research report on Wednesday, May 6th. Robert W. Baird reiterated a “hold” rating and set a $23.00 target price on shares of Spirit AeroSystems in a research report on Tuesday, June 23rd. ValuEngine upgraded Spirit AeroSystems from a “hold” rating to a “buy” rating in a research report on Monday, June 8th. Finally, UBS Group lowered their target price on Spirit AeroSystems from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. Spirit AeroSystems has an average rating of “Hold” and a consensus target price of $45.50.

Several hedge funds have recently modified their holdings of SPR. Comerica Bank increased its stake in Spirit AeroSystems by 5.2% during the fourth quarter. Comerica Bank now owns 4,644 shares of the aerospace company’s stock worth $302,000 after acquiring an additional 228 shares during the last quarter. Global Financial Private Capital Inc bought a new stake in Spirit AeroSystems during the fourth quarter worth approximately $61,000. KBC Group NV increased its stake in Spirit AeroSystems by 36.2% during the fourth quarter. KBC Group NV now owns 132,434 shares of the aerospace company’s stock worth $9,652,000 after acquiring an additional 35,218 shares during the last quarter. MUFG Securities EMEA plc bought a new stake in Spirit AeroSystems during the fourth quarter worth approximately $3,025,000. Finally, Schroder Investment Management Group increased its stake in Spirit AeroSystems by 19.3% during the fourth quarter. Schroder Investment Management Group now owns 83,079 shares of the aerospace company’s stock worth $6,055,000 after acquiring an additional 13,419 shares during the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SPR traded up $0.39 during trading hours on Wednesday, hitting $24.02. The stock had a trading volume of 3,534,301 shares, compared to its average volume of 4,003,435. The company has a debt-to-equity ratio of 2.07, a current ratio of 2.81 and a quick ratio of 1.99. Spirit AeroSystems has a 12 month low of $13.69 and a 12 month high of $92.81. The firm has a market capitalization of $2.49 billion, a PE ratio of 12.32 and a beta of 1.50. The stock has a fifty day moving average price of $25.02 and a 200 day moving average price of $42.30.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.17%. Spirit AeroSystems’s dividend payout ratio (DPR) is 0.72%.

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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