Spirit AeroSystems Holdings, Inc. (NYSE:SPR) – Stock analysts at Jefferies Financial Group cut their FY2019 earnings per share estimates for Spirit AeroSystems in a research report issued to clients and investors on Sunday, November 3rd. Jefferies Financial Group analyst S. Kahyaoglu now anticipates that the aerospace company will post earnings per share of $6.30 for the year, down from their previous estimate of $6.90. Jefferies Financial Group also issued estimates for Spirit AeroSystems’ FY2021 earnings at $7.40 EPS.
SPR has been the subject of a number of other research reports. Credit Suisse Group cut Spirit AeroSystems from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $101.00 to $83.00 in a report on Monday, July 15th. Morgan Stanley increased their target price on Spirit AeroSystems from $100.00 to $103.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Robert W. Baird cut Spirit AeroSystems from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $89.00 to $80.00 in a report on Tuesday, October 22nd. Barclays reissued a “buy” rating and set a $95.00 target price on shares of Spirit AeroSystems in a report on Sunday, August 4th. Finally, ValuEngine raised Spirit AeroSystems from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $92.40.
NYSE SPR opened at $86.44 on Wednesday. The stock has a 50-day moving average of $81.82 and a 200 day moving average of $80.69. Spirit AeroSystems has a twelve month low of $64.48 and a twelve month high of $100.34. The stock has a market capitalization of $8.60 billion, a price-to-earnings ratio of 13.81, a PEG ratio of 1.74 and a beta of 1.18. The company has a current ratio of 2.06, a quick ratio of 1.51 and a debt-to-equity ratio of 1.35.
Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings results on Thursday, October 31st. The aerospace company reported $1.38 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.29). The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.98 billion. Spirit AeroSystems had a return on equity of 49.21% and a net margin of 8.27%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.70 EPS.
Several hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC grew its position in shares of Spirit AeroSystems by 15.5% in the second quarter. AQR Capital Management LLC now owns 5,376,020 shares of the aerospace company’s stock valued at $431,748,000 after purchasing an additional 721,914 shares in the last quarter. Scopia Capital Management LP grew its position in shares of Spirit AeroSystems by 12.5% in the second quarter. Scopia Capital Management LP now owns 2,564,326 shares of the aerospace company’s stock valued at $208,659,000 after purchasing an additional 284,043 shares in the last quarter. D. E. Shaw & Co. Inc. grew its position in shares of Spirit AeroSystems by 6.4% in the second quarter. D. E. Shaw & Co. Inc. now owns 2,388,071 shares of the aerospace company’s stock valued at $194,317,000 after purchasing an additional 143,225 shares in the last quarter. UBS Asset Management Americas Inc. grew its position in shares of Spirit AeroSystems by 24.6% in the second quarter. UBS Asset Management Americas Inc. now owns 1,842,436 shares of the aerospace company’s stock valued at $149,919,000 after purchasing an additional 363,725 shares in the last quarter. Finally, Boston Partners grew its position in shares of Spirit AeroSystems by 48.3% in the second quarter. Boston Partners now owns 1,703,347 shares of the aerospace company’s stock valued at $138,550,000 after purchasing an additional 554,842 shares in the last quarter. Institutional investors and hedge funds own 97.11% of the company’s stock.
In other news, Director Robert D. Johnson sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $79.58, for a total value of $39,790.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.84% of the stock is owned by corporate insiders.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 16th will be given a $0.12 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.56%. Spirit AeroSystems’s dividend payout ratio (DPR) is presently 7.67%.
About Spirit AeroSystems
Spirit AeroSystems Holdings, Inc designs, manufactures, and supplies commercial aero structures in the United States and internationally. The company operates in 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 related spares, as well as maintenance, repairs, and overhaul (MRO) services.
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