Wall Street brokerages expect Spirit AeroSystems Holdings, Inc. (NYSE:SPR) to announce $1.86 billion in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Spirit AeroSystems’ earnings, with the lowest sales estimate coming in at $1.83 billion and the highest estimate coming in at $1.90 billion. Spirit AeroSystems posted sales of $1.71 billion during the same quarter last year, which suggests a positive year over year growth rate of 8.8%. The firm is scheduled to announce its next earnings results on Friday, February 1st.
On average, analysts expect that Spirit AeroSystems will report full year sales of $7.25 billion for the current financial year, with estimates ranging from $7.22 billion to $7.29 billion. For the next year, analysts expect that the firm will report sales of $7.78 billion, with estimates ranging from $7.56 billion to $8.09 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Spirit AeroSystems.
Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings results on Wednesday, October 31st. The aerospace company reported $1.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.07. Spirit AeroSystems had a return on equity of 46.86% and a net margin of 7.92%. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same period last year, the firm posted $1.26 EPS. The business’s revenue was up 3.7% on a year-over-year basis.
SPR stock traded down $0.49 during midday trading on Friday, reaching $73.18. 800,385 shares of the company’s stock traded hands, compared to its average volume of 706,009. Spirit AeroSystems has a 1-year low of $71.70 and a 1-year high of $105.20. The stock has a market capitalization of $7.81 billion, a price-to-earnings ratio of 13.68, a P/E/G ratio of 1.54 and a beta of 1.16. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.57 and a quick ratio of 1.06.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 7th. Stockholders of record on Monday, December 17th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, December 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.66%. Spirit AeroSystems’s dividend payout ratio (DPR) is currently 8.97%.
In other news, Director Robert D. Johnson sold 500 shares of Spirit AeroSystems stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $82.90, for a total value of $41,450.00. Following the completion of the sale, the director now directly owns 1,493 shares of the company’s stock, valued at approximately $123,769.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John A. Pilla sold 9,642 shares of Spirit AeroSystems stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $84.01, for a total value of $810,024.42. Following the completion of the sale, the senior vice president now directly owns 21,866 shares of the company’s stock, valued at $1,836,962.66. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the company. Aperio Group LLC lifted its holdings in Spirit AeroSystems by 2.1% during the second quarter. Aperio Group LLC now owns 49,248 shares of the aerospace company’s stock worth $4,231,000 after acquiring an additional 990 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in Spirit AeroSystems during the second quarter worth about $222,000. Commonwealth Equity Services LLC lifted its holdings in Spirit AeroSystems by 87.1% during the second quarter. Commonwealth Equity Services LLC now owns 13,205 shares of the aerospace company’s stock worth $1,134,000 after acquiring an additional 6,149 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Spirit AeroSystems by 7.5% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 352,196 shares of the aerospace company’s stock worth $30,257,000 after acquiring an additional 24,562 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Spirit AeroSystems during the second quarter worth about $1,117,000. Institutional investors and hedge funds own 96.74% of the company’s stock.
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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