Equities research analysts expect that Spirit AeroSystems Holdings, Inc. (NYSE:SPR) will post sales of $1.86 billion for the current quarter, according to Zacks. Five analysts have provided estimates for Spirit AeroSystems’ earnings. The highest sales estimate is $1.90 billion and the lowest is $1.83 billion. Spirit AeroSystems posted sales of $1.71 billion during the same quarter last year, which suggests a positive year over year growth rate of 8.8%. The company is scheduled to report its next quarterly earnings results on Friday, February 1st.

According to Zacks, analysts expect that Spirit AeroSystems will report full-year sales of $7.25 billion for the current year, with estimates ranging from $7.22 billion to $7.29 billion. For the next year, analysts anticipate that the firm will report sales of $7.78 billion, with estimates ranging from $7.56 billion to $8.09 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Spirit AeroSystems.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings results on Wednesday, October 31st. The aerospace company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.07. Spirit AeroSystems had a return on equity of 46.86% and a net margin of 7.92%. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same period in the previous year, the firm posted $1.26 EPS. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year.

A number of brokerages have recently commented on SPR. UBS Group began coverage on Spirit AeroSystems in a research report on Wednesday, August 15th. They issued a “buy” rating and a $110.00 price target on the stock. Credit Suisse Group boosted their price target on Spirit AeroSystems from $102.00 to $103.00 and gave the stock an “outperform” rating in a research report on Thursday, November 1st. Wells Fargo & Co set a $105.00 price target on Spirit AeroSystems and gave the stock a “buy” rating in a research report on Thursday, November 1st. Bank of America raised Spirit AeroSystems from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $100.00 to $105.00 in a research report on Thursday, November 8th. Finally, Standpoint Research raised Spirit AeroSystems from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $106.27.

Shares of SPR traded down $0.40 during mid-day trading on Friday, reaching $73.67. The company had a trading volume of 841,791 shares, compared to its average volume of 1,055,149. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 1.67. Spirit AeroSystems has a 52 week low of $73.09 and a 52 week high of $105.20. The stock has a market cap of $7.82 billion, a P/E ratio of 13.77, a P/E/G ratio of 1.54 and a beta of 1.16.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 7th. Investors of record on Monday, December 17th will be given a $0.12 dividend. The ex-dividend date is Friday, December 14th. This represents a $0.48 annualized dividend and a yield of 0.65%. Spirit AeroSystems’s dividend payout ratio (DPR) is presently 8.97%.

In related news, SVP John A. Pilla sold 9,642 shares of the company’s stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $84.01, for a total value of $810,024.42. Following the transaction, the senior vice president now directly owns 21,866 shares of the company’s stock, valued at approximately $1,836,962.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert D. Johnson sold 500 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $82.90, for a total value of $41,450.00. Following the completion of the transaction, the director now directly owns 1,493 shares in the company, valued at $123,769.70. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Capital Guardian Trust Co. bought a new position in Spirit AeroSystems in the 3rd quarter valued at approximately $105,000. Truvestments Capital LLC purchased a new stake in Spirit AeroSystems during the 3rd quarter valued at $154,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Spirit AeroSystems during the 2nd quarter valued at $222,000. Global Financial Private Capital LLC purchased a new stake in Spirit AeroSystems during the 2nd quarter valued at $329,000. Finally, Mackenzie Financial Corp raised its stake in Spirit AeroSystems by 20.1% during the 3rd quarter. Mackenzie Financial Corp now owns 3,741 shares of the aerospace company’s stock valued at $343,000 after buying an additional 625 shares during the last quarter. 96.74% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Spirit AeroSystems (NYSE:SPR)

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