Spirit AeroSystems Holdings, Inc. (NYSE:SPR) – Research analysts at Seaport Global Securities boosted their Q1 2018 earnings estimates for shares of Spirit AeroSystems in a report released on Thursday. Seaport Global Securities analyst J. Sullivan now anticipates that the aerospace company will post earnings of $1.52 per share for the quarter, up from their prior estimate of $1.31. Seaport Global Securities has a “Buy” rating and a $120.00 price objective on the stock. Seaport Global Securities also issued estimates for Spirit AeroSystems’ Q1 2019 earnings at $1.79 EPS, Q2 2019 earnings at $1.86 EPS, Q3 2019 earnings at $2.02 EPS, Q4 2019 earnings at $2.09 EPS and FY2019 earnings at $7.74 EPS.
Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings results on Wednesday, November 1st. The aerospace company reported $1.26 earnings per share for the quarter, hitting the consensus estimate of $1.26. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.74 billion. Spirit AeroSystems had a return on equity of 31.14% and a net margin of 4.98%. Spirit AeroSystems’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 earnings per share.
SPR has been the topic of several other research reports. Zacks Investment Research cut Spirit AeroSystems from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Jefferies Group raised their price objective on Spirit AeroSystems from $84.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, September 28th. Citigroup restated a “buy” rating and set a $85.00 price objective on shares of Spirit AeroSystems in a report on Tuesday, September 26th. Berenberg Bank initiated coverage on Spirit AeroSystems in a report on Tuesday, November 7th. They set a “buy” rating and a $100.00 price objective on the stock. Finally, ValuEngine cut Spirit AeroSystems from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $87.78.
Spirit AeroSystems (NYSE:SPR) opened at $98.61 on Friday. Spirit AeroSystems has a 1 year low of $51.85 and a 1 year high of $99.42. The company has a current ratio of 1.56, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $11,291.84, a price-to-earnings ratio of 34.72, a price-to-earnings-growth ratio of 1.57 and a beta of 1.16.
The company also recently announced a quarterly dividend, which was paid on Monday, January 8th. Investors of record on Monday, December 18th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date was Friday, December 15th. Spirit AeroSystems’s payout ratio is currently 14.08%.
In related news, SVP Duane F. Hawkins sold 5,000 shares of Spirit AeroSystems stock in a transaction on Monday, November 6th. The stock was sold at an average price of $83.04, for a total value of $415,200.00. Following the transaction, the senior vice president now owns 39,374 shares in the company, valued at $3,269,616.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert D. Johnson sold 500 shares of Spirit AeroSystems stock in a transaction on Friday, December 1st. The shares were sold at an average price of $84.13, for a total value of $42,065.00. Following the completion of the transaction, the director now owns 1,964 shares in the company, valued at approximately $165,231.32. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the stock. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Spirit AeroSystems in the fourth quarter valued at $166,000. Nine Chapters Capital Management LLC acquired a new position in Spirit AeroSystems in the third quarter valued at $218,000. Quantitative Systematic Strategies LLC acquired a new position in Spirit AeroSystems in the third quarter valued at $227,000. Commonwealth Equity Services Inc acquired a new position in Spirit AeroSystems in the third quarter valued at $228,000. Finally, Invictus RG boosted its holdings in Spirit AeroSystems by 54.5% in the third quarter. Invictus RG now owns 3,300 shares of the aerospace company’s stock valued at $256,000 after acquiring an additional 1,164 shares during the last quarter. Hedge funds and other institutional investors own 96.18% of the company’s stock.
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About Spirit AeroSystems
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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