Seaport Global Securities Research Analysts Increase Earnings Estimates for Spirit AeroSystems Holdings, Inc. (SPR)

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) – Investment analysts at Seaport Global Securities lifted their Q1 2017 earnings per share (EPS) estimates for shares of Spirit AeroSystems Holdings in a report released on Monday, Zacks Investment Research reports. Seaport Global Securities analyst J. Sullivan now forecasts that the aerospace company will earn $1.16 per share for the quarter, up from their previous forecast of $1.14. Seaport Global Securities also issued estimates for Spirit AeroSystems Holdings’ FY2017 earnings at $4.82 EPS.

A number of other equities research analysts have also commented on SPR. SunTrust Banks, Inc. started coverage on shares of Spirit AeroSystems Holdings in a research note on Thursday, January 19th. They issued a “hold” rating and a $61.00 price objective on the stock. Robert W. Baird reaffirmed an “outperform” rating and issued a $64.00 price objective on shares of Spirit AeroSystems Holdings in a research note on Friday, January 20th. Standpoint Research lowered shares of Spirit AeroSystems Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, February 28th. Barclays PLC upped their price objective on shares of Spirit AeroSystems Holdings from $62.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, March 20th. Finally, Credit Suisse Group AG reiterated a “buy” rating and set a $74.00 target price on shares of Spirit AeroSystems Holdings in a research report on Friday, May 5th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $60.79.

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

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Spirit AeroSystems Holdings (NYSE:SPR) traded up 1.331% during midday trading on Wednesday, reaching $53.665. 323,489 shares of the company’s stock traded hands. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 15.130 and a beta of 1.33. Spirit AeroSystems Holdings has a 1-year low of $41.27 and a 1-year high of $62.90. The stock’s 50 day moving average price is $56.10 and its 200 day moving average price is $57.54.

Spirit AeroSystems Holdings (NYSE:SPR) last announced its quarterly earnings data on Wednesday, May 3rd. The aerospace company reported $1.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.17. Spirit AeroSystems Holdings had a net margin of 6.91% and a return on equity of 29.36%. The firm had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period last year, the firm earned $1.29 earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 10th. Stockholders of record on Monday, June 19th will be issued a $0.10 dividend. The ex-dividend date is Thursday, June 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.76%. Spirit AeroSystems Holdings’s dividend payout ratio is currently 10.84%.

Several hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue increased its stake in shares of Spirit AeroSystems Holdings by 7.5% in the third quarter. State of Alaska Department of Revenue now owns 2,979 shares of the aerospace company’s stock valued at $132,000 after buying an additional 208 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Spirit AeroSystems Holdings during the fourth quarter valued at approximately $133,000. Focused Wealth Management Inc increased its stake in shares of Spirit AeroSystems Holdings by 68.8% in the first quarter. Focused Wealth Management Inc now owns 2,700 shares of the aerospace company’s stock valued at $156,000 after buying an additional 1,100 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Spirit AeroSystems Holdings by 11.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,604 shares of the aerospace company’s stock valued at $183,000 after buying an additional 356 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Spirit AeroSystems Holdings by 14.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,132 shares of the aerospace company’s stock valued at $184,000 after buying an additional 509 shares in the last quarter.

About Spirit AeroSystems Holdings

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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