Spirit AeroSystems (NYSE:SPR) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, August 4th. Analysts expect the company to announce earnings of ($1.17) per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings data on Wednesday, May 6th. The aerospace company reported ($0.79) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.42) by $0.63. Spirit AeroSystems had a net margin of 2.92% and a return on equity of 20.46%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the business earned $1.68 earnings per share. The business’s revenue for the quarter was down 44.1% compared to the same quarter last year. On average, analysts expect Spirit AeroSystems to post $-3 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Shares of SPR opened at $19.57 on Friday. Spirit AeroSystems has a twelve month low of $13.69 and a twelve month high of $92.81. The company has a current ratio of 2.81, a quick ratio of 1.99 and a debt-to-equity ratio of 2.07. The firm has a market capitalization of $2.15 billion, a P/E ratio of 6.58 and a beta of 1.50. The firm’s 50-day moving average is $23.97 and its two-hundred day moving average is $35.31.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Monday, September 14th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.20%. The ex-dividend date is Friday, September 11th. Spirit AeroSystems’s dividend payout ratio (DPR) is 0.72%.
Several equities analysts recently issued reports on SPR shares. Canaccord Genuity reduced their price objective on Spirit AeroSystems from $30.00 to $22.00 and set a “hold” rating for the company in a report on Thursday, May 7th. Robert W. Baird reiterated a “hold” rating and issued a $23.00 price objective on shares of Spirit AeroSystems in a research report on Tuesday, June 23rd. Sanford C. Bernstein cut shares of Spirit AeroSystems from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $40.00 to $26.00 in a research note on Wednesday, July 8th. UBS Group cut their target price on shares of Spirit AeroSystems from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. Finally, TheStreet lowered shares of Spirit AeroSystems from a “c” rating to a “d” rating in a research report on Wednesday, May 6th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company’s stock. Spirit AeroSystems currently has a consensus rating of “Hold” and an average target price of $41.81.
Spirit AeroSystems Company Profile
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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