Spirit AeroSystems Holdings, Inc. (NYSE:SPR) – Equities research analysts at Jefferies Financial Group lowered their FY2018 earnings per share (EPS) estimates for shares of Spirit AeroSystems in a report released on Wednesday, October 31st. Jefferies Financial Group analyst S. Kahyaoglu now expects that the aerospace company will post earnings of $6.25 per share for the year, down from their prior forecast of $6.40. Jefferies Financial Group also issued estimates for Spirit AeroSystems’ Q4 2018 earnings at $1.82 EPS, Q1 2019 earnings at $1.66 EPS, Q2 2019 earnings at $1.88 EPS, Q3 2019 earnings at $1.94 EPS and Q4 2019 earnings at $1.98 EPS.
Other equities analysts also recently issued reports about the stock. Wells Fargo & Co set a $105.00 target price on shares of Spirit AeroSystems and gave the stock a “buy” rating in a research note on Thursday. Standpoint Research raised shares of Spirit AeroSystems from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. UBS Group started coverage on shares of Spirit AeroSystems in a research note on Wednesday, August 15th. They issued a “buy” rating and a $110.00 target price for the company. Cowen reissued a “buy” rating and set a $100.00 price target on shares of Spirit AeroSystems in a research note on Wednesday, August 1st. Finally, ValuEngine raised shares of Spirit AeroSystems from a “hold” rating to a “buy” rating in a research note on Wednesday, July 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $105.12.
Shares of NYSE SPR opened at $87.15 on Friday. Spirit AeroSystems has a 1-year low of $77.54 and a 1-year high of $105.20. The stock has a market capitalization of $8.79 billion, a price-to-earnings ratio of 16.29, a P/E/G ratio of 1.23 and a beta of 1.26. The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 1.95.
Spirit AeroSystems (NYSE:SPR) last announced its earnings results on Wednesday, October 31st. The aerospace company reported $1.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.07. Spirit AeroSystems had a net margin of 7.68% and a return on equity of 39.74%. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the previous year, the firm posted $1.26 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently modified their holdings of SPR. LPL Financial LLC grew its holdings in Spirit AeroSystems by 33.1% during the first quarter. LPL Financial LLC now owns 14,029 shares of the aerospace company’s stock valued at $1,174,000 after purchasing an additional 3,490 shares during the period. Allianz Asset Management GmbH grew its holdings in Spirit AeroSystems by 8.0% during the first quarter. Allianz Asset Management GmbH now owns 530,755 shares of the aerospace company’s stock valued at $44,424,000 after purchasing an additional 39,242 shares during the period. DnB Asset Management AS grew its holdings in Spirit AeroSystems by 7.3% during the second quarter. DnB Asset Management AS now owns 14,700 shares of the aerospace company’s stock valued at $1,263,000 after purchasing an additional 1,000 shares during the period. IFM Investors Pty Ltd grew its holdings in Spirit AeroSystems by 40.5% during the second quarter. IFM Investors Pty Ltd now owns 5,235 shares of the aerospace company’s stock valued at $450,000 after purchasing an additional 1,509 shares during the period. Finally, State of Alaska Department of Revenue grew its holdings in Spirit AeroSystems by 51.3% during the second quarter. State of Alaska Department of Revenue now owns 13,750 shares of the aerospace company’s stock valued at $1,181,000 after purchasing an additional 4,660 shares during the period.
In related news, Director Robert D. Johnson sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $85.37, for a total transaction of $42,685.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles L. Chadwell sold 11,500 shares of the business’s stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $87.33, for a total transaction of $1,004,295.00. Following 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. Over the last three months, insiders have sold 18,920 shares of company stock valued at $1,644,796. 0.87% of the stock is currently owned by insiders.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 7th. Investors of record on Monday, December 17th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Friday, December 14th. Spirit AeroSystems’s dividend payout ratio (DPR) is 8.97%.
About Spirit AeroSystems
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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