Spirit Aerosystems Holdings, Inc. (NYSE:SPR) – Analysts at Seaport Global Securities boosted their Q3 2017 earnings per share estimates for Spirit Aerosystems Holdings in a research report issued on Monday. Seaport Global Securities analyst J. Sullivan now expects that the aerospace company will post earnings of $1.27 per share for the quarter, up from their previous forecast of $1.19. Seaport Global Securities currently has a “Buy” rating and a $83.00 target price on the stock. Seaport Global Securities also issued estimates for Spirit Aerosystems Holdings’ Q4 2017 earnings at $1.24 EPS and FY2017 earnings at $5.25 EPS.

Spirit Aerosystems Holdings (NYSE:SPR) last announced its earnings results on Wednesday, August 2nd. The aerospace company reported $1.57 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.37. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Spirit Aerosystems Holdings had a return on equity of 30.82% and a net margin of 4.97%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.21 EPS.

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A number of other equities research analysts have also issued reports on SPR. BidaskClub upgraded Spirit Aerosystems Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 13th. Jefferies Group LLC set a $68.00 price target on Spirit Aerosystems Holdings and gave the company a “buy” rating in a research report on Thursday, June 22nd. Morgan Stanley restated an “overweight” rating and issued a $66.00 price target (down from $67.00) on shares of Spirit Aerosystems Holdings in a research report on Thursday, July 13th. Cowen and Company restated a “buy” rating and issued a $69.00 price target on shares of Spirit Aerosystems Holdings in a research report on Wednesday, August 2nd. Finally, Credit Suisse Group restated an “outperform” rating and issued a $80.00 price target (up from $74.00) on shares of Spirit Aerosystems Holdings in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. Spirit Aerosystems Holdings has a consensus rating of “Hold” and an average price target of $75.61.

Spirit Aerosystems Holdings (NYSE SPR) opened at 79.58 on Tuesday. Spirit Aerosystems Holdings has a one year low of $45.04 and a one year high of $79.84. The stock has a 50 day moving average price of $76.03 and a 200-day moving average price of $63.30. The stock has a market cap of $9.42 billion, a PE ratio of 28.57 and a beta of 1.36.

Spirit Aerosystems Holdings declared that its board has approved a stock repurchase program on Wednesday, August 2nd that permits the company to buyback $400.00 million in shares. This buyback authorization permits the aerospace company to purchase up to 4.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 10th. Investors of record on Monday, September 18th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, September 15th. This represents a $0.40 annualized dividend and a yield of 0.50%. Spirit Aerosystems Holdings’s payout ratio is 14.60%.

In related news, SVP John A. Pilla sold 10,088 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $74.60, for a total value of $752,564.80. Following the completion of the transaction, the senior vice president now directly owns 93,258 shares in the company, valued at $6,957,046.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles L. Chadwell sold 6,600 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was 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 owns 23,828 shares of the company’s stock, valued at $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 institutional investors have recently modified their holdings of the stock. Perpetual Ltd purchased a new position in Spirit Aerosystems Holdings in the second quarter worth approximately $3,590,000. Koch Industries Inc. purchased a new position in shares of Spirit Aerosystems Holdings during the second quarter worth $524,000. ZPR Investment Management boosted its position in shares of Spirit Aerosystems Holdings by 95.3% during the second quarter. ZPR Investment Management now owns 21,920 shares of the aerospace company’s stock worth $1,270,000 after buying an additional 10,695 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Spirit Aerosystems Holdings by 19.0% during the second quarter. The Manufacturers Life Insurance Company now owns 4,422 shares of the aerospace company’s stock worth $257,000 after buying an additional 705 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Spirit Aerosystems Holdings by 48.6% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 45,949 shares of the aerospace company’s stock worth $2,632,000 after buying an additional 15,030 shares during the period. Institutional investors own 98.66% of the company’s stock.

Spirit Aerosystems Holdings Company Profile

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.

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

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