Spirit AeroSystems (NYSE:SPR) released its earnings results on Wednesday. The aerospace company reported $1.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.07, MarketWatch Earnings reports. Spirit AeroSystems had a net margin of 7.68% and a return on equity of 39.74%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same period in the prior year, the firm earned $1.26 earnings per share. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. Spirit AeroSystems updated its FY18 guidance to $6.10-6.35 EPS.
SPR stock opened at $84.01 on Thursday. The company has a market capitalization of $8.79 billion, a PE ratio of 15.70, a PEG ratio of 1.23 and a beta of 1.26. Spirit AeroSystems has a twelve month low of $76.00 and a twelve month high of $105.20. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.52 and a quick ratio of 1.04.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 7th. Shareholders 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 yield of 0.57%. Spirit AeroSystems’s dividend payout ratio is currently 8.97%.
SPR has been the topic of a number of recent research reports. Standpoint Research upgraded shares of Spirit AeroSystems from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. ValuEngine lowered shares of Spirit AeroSystems from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Bank of America dropped their price target on shares of Spirit AeroSystems from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Thursday, August 2nd. Credit Suisse Group dropped their price target on shares of Spirit AeroSystems from $112.00 to $102.00 and set an “outperform” rating on the stock in a research note on Thursday, August 2nd. Finally, Cowen reiterated a “buy” rating and issued a $100.00 price target on shares of Spirit AeroSystems in a research note on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. Spirit AeroSystems has an average rating of “Buy” and an average price target of $103.88.
In other news, Director Robert D. Johnson sold 500 shares of the stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $85.37, for a total value of $42,685.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles L. Chadwell sold 11,500 shares of the stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $87.33, for a total value of $1,004,295.00. Following the completion of the sale, the director now directly owns 13,821 shares of the company’s stock, valued at $1,206,987.93. The disclosure for this sale can be found here. Insiders sold 18,920 shares of company stock valued at $1,644,796 over the last three months. Corporate insiders own 0.87% 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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