Brokerages expect Spirit Aerosystems Holdings, Inc. (NYSE:SPR) to post $1.71 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Spirit Aerosystems Holdings’ earnings, with the lowest sales estimate coming in at $1.67 billion and the highest estimate coming in at $1.75 billion. Spirit Aerosystems Holdings also reported sales of $1.71 billion during the same quarter last year. The business is scheduled to announce its next quarterly earnings report on Tuesday, November 7th.

According to Zacks, analysts expect that Spirit Aerosystems Holdings will report full year sales of $1.71 billion for the current year, with estimates ranging from $6.81 billion to $7.00 billion. For the next year, analysts anticipate that the business will post sales of $7.08 billion per share, with estimates ranging from $6.83 billion to $7.27 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Spirit Aerosystems Holdings.

Spirit Aerosystems Holdings (NYSE:SPR) last issued its quarterly earnings results on Wednesday, August 2nd. The aerospace company reported $1.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.37. Spirit Aerosystems Holdings had a return on equity of 30.82% and a net margin of 4.97%. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the company posted $1.21 earnings per share. The company’s revenue was down .2% compared to the same quarter last year.

Several equities analysts have recently commented on SPR shares. Buckingham Research boosted their target price on shares of Spirit Aerosystems Holdings from $53.00 to $66.00 and gave the stock a “neutral” rating in a report on Thursday. BidaskClub raised shares of Spirit Aerosystems Holdings from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. Goldman Sachs Group, Inc. (The) raised shares of Spirit Aerosystems Holdings from a “sell” rating to a “neutral” rating and raised their target price for the company from $54.00 to $68.00 in a research note on Thursday, August 10th. Cowen and Company reiterated an “outperform” rating and issued a $88.00 price target (up from $79.00) on shares of Spirit Aerosystems Holdings in a report on Thursday. Finally, Canaccord Genuity lifted their price target on shares of Spirit Aerosystems Holdings from $65.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $75.28.

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Spirit Aerosystems Holdings (SPR) opened at 77.72 on Monday. The stock has a market capitalization of $9.20 billion, a PE ratio of 27.91 and a beta of 1.31. The stock has a 50 day moving average price of $72.33 and a 200-day moving average price of $61.20. Spirit Aerosystems Holdings has a 12-month low of $43.94 and a 12-month high of $79.29.

Spirit Aerosystems Holdings announced that its board has authorized a share buyback program on Wednesday, August 2nd that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the aerospace company to purchase up to 4.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Monday, September 18th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.51%. Spirit Aerosystems Holdings’s dividend payout ratio is presently 14.60%.

In related news, SVP John A. Pilla sold 10,088 shares of the business’s stock in a transaction 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 owns 93,258 shares in the company, valued at approximately $6,957,046.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Charles L. Chadwell sold 6,600 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $76.49, for a total value of $504,834.00. Following the completion of the transaction, the director now directly owns 23,828 shares in the company, valued at approximately $1,822,603.72. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. lifted its position in shares of Spirit Aerosystems Holdings by 9.5% during the first quarter. Nomura Asset Management Co. Ltd. now owns 1,840 shares of the aerospace company’s stock worth $106,000 after purchasing an additional 160 shares during the last quarter. Raymond James Trust N.A. purchased a new stake in shares of Spirit Aerosystems Holdings during the second quarter valued at $200,000. State of Alaska Department of Revenue boosted its stake in shares of Spirit Aerosystems Holdings by 6.7% during the second quarter. State of Alaska Department of Revenue now owns 3,539 shares of the aerospace company’s stock valued at $205,000 after purchasing an additional 222 shares during the period. Parametrica Management Ltd purchased a new stake in shares of Spirit Aerosystems Holdings during the second quarter valued at $217,000. Finally, Hillsdale Investment Management Inc. boosted its stake in shares of Spirit Aerosystems Holdings by 23.2% during the second quarter. Hillsdale Investment Management Inc. now owns 3,930 shares of the aerospace company’s stock valued at $228,000 after purchasing an additional 740 shares during the period. Institutional investors and hedge funds own 98.61% of the company’s stock.

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.

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

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