Spirit Aerosystems Holdings, Inc. (NYSE:SPR) Issues FY17 Earnings Guidance

Spirit Aerosystems Holdings, Inc. (NYSE:SPR) updated its FY17 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $5.00-5.25 for the period, compared to the Thomson Reuters consensus estimate of $5.26. The company issued revenue guidance of $6.8-6.9 billion, compared to the consensus revenue estimate of $6.93 billion.

SPR has been the subject of a number of research reports. Cowen and Company reiterated an outperform rating and set a $79.00 target price (up previously from $69.00) on shares of Spirit Aerosystems Holdings in a report on Tuesday, August 8th. Canaccord Genuity reissued a buy rating and issued a $80.00 price objective (up from $65.00) on shares of Spirit Aerosystems Holdings in a research note on Wednesday, August 9th. Robert W. Baird restated a buy rating and set a $86.00 price target on shares of Spirit Aerosystems Holdings in a research note on Friday, September 8th. Sanford C. Bernstein reiterated an in-line rating and issued a $98.00 price target (up from $87.00) on shares of Spirit Aerosystems Holdings in a research note on Thursday, November 2nd. Finally, Credit Suisse Group lifted their price target on shares of Spirit Aerosystems Holdings from $88.00 to $97.00 and gave the company an outperform rating in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company. Spirit Aerosystems Holdings currently has an average rating of Hold and an average price target of $79.57.

Shares of Spirit Aerosystems Holdings, Inc. (SPR) opened at $80.70 on Friday. Spirit Aerosystems Holdings, Inc. has a 52-week low of $51.85 and a 52-week high of $84.75. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.56 and a quick ratio of 0.89. The firm has a market cap of $9,548.50, a P/E ratio of 16.50, a price-to-earnings-growth ratio of 1.43 and a beta of 1.16.

Spirit Aerosystems Holdings (NYSE:SPR) last released its earnings results on Wednesday, November 1st. The aerospace company reported $1.26 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.26. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Spirit Aerosystems Holdings had a net margin of 4.98% and a return on equity of 31.14%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.16 earnings per share. equities research analysts expect that Spirit Aerosystems Holdings, Inc. will post 5.22 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 8th. Shareholders of record on Monday, December 18th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, December 15th. This represents a $0.40 annualized dividend and a yield of 0.50%. Spirit Aerosystems Holdings’s payout ratio is currently 14.08%.

Spirit Aerosystems Holdings announced that its board has approved a stock buyback program on Wednesday, August 2nd that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the aerospace company to purchase up to 4.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

In other news, SVP Duane F. Hawkins sold 5,000 shares of Spirit Aerosystems Holdings stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $83.04, for a total value of $415,200.00. Following the completion of the sale, the senior vice president now directly owns 39,374 shares in the company, valued at $3,269,616.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP John A. Pilla sold 10,088 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $74.60, for a total transaction of $752,564.80. Following the completion of the transaction, the senior vice president now directly owns 93,258 shares in the company, valued at approximately $6,957,046.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,688 shares of company stock valued at $1,672,599. Corporate insiders own 0.28% of the company’s stock.

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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.

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

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