Equities research analysts expect that Spirit AeroSystems Holdings, Inc. (NYSE:SPR) will post sales of $1.98 billion for the current quarter, according to Zacks. Five analysts have provided estimates for Spirit AeroSystems’ earnings. The highest sales estimate is $2.05 billion and the lowest is $1.87 billion. Spirit AeroSystems posted sales of $1.81 billion during the same quarter last year, which suggests a positive year over year growth rate of 9.4%. The company is scheduled to report its next quarterly earnings results on Wednesday, October 30th.

According to Zacks, analysts expect that Spirit AeroSystems will report full-year sales of $7.95 billion for the current year, with estimates ranging from $7.85 billion to $8.10 billion. For the next year, analysts anticipate that the firm will report sales of $8.22 billion, with estimates ranging from $7.64 billion to $8.56 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 data on Wednesday, July 31st. The aerospace company reported $1.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.07. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.98 billion. Spirit AeroSystems had a return on equity of 56.85% and a net margin of 8.88%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.63 EPS.

Several research firms have issued reports on SPR. ValuEngine upgraded shares of Spirit AeroSystems from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Zacks Investment Research cut shares of Spirit AeroSystems from a “hold” rating to a “sell” rating and set a $84.00 price target for the company. in a research note on Monday, July 8th. Cowen reissued a “hold” rating and set a $90.00 price objective on shares of Spirit AeroSystems in a research report on Monday, July 8th. Barclays restated a “buy” rating and issued a $95.00 price objective on shares of Spirit AeroSystems in a research note on Sunday, August 4th. Finally, Jefferies Financial Group lowered shares of Spirit AeroSystems from a “buy” rating to a “hold” rating and dropped their price objective for the company from $106.00 to $85.00 in a research note on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $94.43.

Shares of NYSE SPR traded up $1.74 during mid-day trading on Friday, reaching $86.24. The company had a trading volume of 761,524 shares, compared to its average volume of 1,018,381. The firm has a 50 day simple moving average of $76.90 and a two-hundred day simple moving average of $83.48. Spirit AeroSystems has a 52-week low of $64.48 and a 52-week high of $100.34. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 1.47. The stock has a market cap of $8.62 billion, a P/E ratio of 13.78, a PEG ratio of 1.57 and a beta of 1.18.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 7th. Stockholders of record on Monday, September 16th will be given a $0.12 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.48 annualized dividend and a dividend yield of 0.56%. Spirit AeroSystems’s dividend payout ratio is currently 7.67%.

In related news, Director Robert D. Johnson sold 500 shares of Spirit AeroSystems stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $79.58, for a total transaction of $39,790.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.84% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Nuveen Asset Management LLC purchased a new position in shares of Spirit AeroSystems in the second quarter valued at $109,904,000. AQR Capital Management LLC boosted its stake in Spirit AeroSystems by 15.5% during the 2nd quarter. AQR Capital Management LLC now owns 5,376,020 shares of the aerospace company’s stock valued at $431,748,000 after acquiring an additional 721,914 shares during the last quarter. Boston Partners boosted its stake in Spirit AeroSystems by 48.3% during the 2nd quarter. Boston Partners now owns 1,703,347 shares of the aerospace company’s stock valued at $138,550,000 after acquiring an additional 554,842 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in Spirit AeroSystems by 24.6% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,842,436 shares of the aerospace company’s stock worth $149,919,000 after acquiring an additional 363,725 shares in the last quarter. Finally, Prudential Financial Inc. lifted its position in shares of Spirit AeroSystems by 57.6% during the second quarter. Prudential Financial Inc. now owns 938,924 shares of the aerospace company’s stock worth $76,401,000 after purchasing an additional 343,033 shares during the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

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

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