Spirit Aerosystems Holdings (NYSE:SPR) Earns Coverage Optimism Score of 0.21
Media headlines about Spirit Aerosystems Holdings (NYSE:SPR) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Spirit Aerosystems Holdings earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave press coverage about the aerospace company an impact score of 45.8702653655027 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- See what the IHS Markit Score report has to say about Spirit AeroSystems Holdings Inc. (finance.yahoo.com)
- Earnings Review and Free Research Report: Rockwell Collins’ Revenue Soared 57%; Raised Sales Guidance (finance.yahoo.com)
- Spirit Aerosystems Holdings, In (SPR) Investment Increased by Norges Bank – First News 24 (firstnewspaper24.com)
- Norges Bank Marginally Raises Its Holdings in Spirit Aerosystems Holdings, In (SPR) Stock Last Quarter – First News 24 (firstnewspaper24.com)
- Spirit Aerosystems Holdings, Inc. (NYSE:SPR) Receives Outperform Rating from Cowen and Company (americanbankingnews.com)
Spirit Aerosystems Holdings (SPR) traded up 0.15% during mid-day trading on Friday, reaching $68.91. 1,976,177 shares of the company were exchanged. The company has a market capitalization of $8.15 billion, a price-to-earnings ratio of 24.74 and a beta of 1.36. The company has a 50 day moving average of $61.97 and a 200-day moving average of $58.42. Spirit Aerosystems Holdings has a 1-year low of $42.26 and a 1-year high of $73.86.
Spirit Aerosystems Holdings (NYSE:SPR) last posted its earnings results on Wednesday, August 2nd. The aerospace company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.37. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.74 billion. Spirit Aerosystems Holdings had a net margin of 4.97% and a return on equity of 30.82%. Spirit Aerosystems Holdings’s revenue was down .2% on a year-over-year basis. During the same period in the previous year, the business posted $1.21 EPS. On average, equities research analysts forecast that Spirit Aerosystems Holdings will post $5.16 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Monday, September 18th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.40 annualized dividend and a yield of 0.58%. Spirit Aerosystems Holdings’s payout ratio is 14.60%.
Spirit Aerosystems Holdings declared that its board has authorized a stock repurchase plan 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 stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
SPR has been the subject of several research reports. BidaskClub raised shares of Spirit Aerosystems Holdings from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Goldman Sachs Group, Inc. (The) raised shares of Spirit Aerosystems Holdings from a “sell” rating to a “neutral” rating and increased their price objective for the company from $54.00 to $68.00 in a report on Thursday. Canaccord Genuity increased their price objective 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. Seaport Global Securities raised shares of Spirit Aerosystems Holdings from a “neutral” rating to a “buy” rating and increased their price objective for the company from $62.00 to $83.00 in a report on Thursday, August 3rd. Finally, Cowen and Company reissued an “outperform” rating and set a $79.00 price objective (up previously from $69.00) on shares of Spirit Aerosystems Holdings in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $69.56.
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In other Spirit Aerosystems Holdings news, Director Richard A. Gephardt sold 4,247 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $58.00, for a total value of $246,326.00. Following the transaction, the director now directly owns 1,964 shares in the company, valued at approximately $113,912. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.28% 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.
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