Zacks: Brokerages Expect Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Will Announce Earnings of -$0.74 Per Share

Brokerages expect Spirit AeroSystems Holdings, Inc. (NYSE:SPR) to report earnings of ($0.74) per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Spirit AeroSystems’ earnings, with the lowest EPS estimate coming in at ($1.43) and the highest estimate coming in at ($0.47). Spirit AeroSystems posted earnings per share of ($1.34) during the same quarter last year, which would indicate a positive year over year growth rate of 44.8%. The company is scheduled to report its next earnings report on Tuesday, November 2nd.

On average, analysts expect that Spirit AeroSystems will report full-year earnings of ($2.73) per share for the current financial year, with EPS estimates ranging from ($3.65) to ($2.24). For the next fiscal year, analysts expect that the company will report earnings of $0.08 per share, with EPS estimates ranging from ($0.40) to $0.55. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that follow Spirit AeroSystems.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings data on Tuesday, August 3rd. The aerospace company reported ($0.31) EPS for the quarter, beating analysts’ consensus estimates of ($0.70) by $0.39. Spirit AeroSystems had a negative return on equity of 52.84% and a negative net margin of 21.15%. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $956.45 million. During the same period in the prior year, the firm posted ($2.28) EPS. The company’s revenue for the quarter was up 55.3% on a year-over-year basis.

A number of research analysts have commented on SPR shares. Bank of America raised Spirit AeroSystems from an “underperform” rating to a “buy” rating and set a $50.00 price objective on the stock in a report on Friday, August 6th. Credit Suisse Group reduced their target price on Spirit AeroSystems from $62.00 to $58.00 and set an “outperform” rating on the stock in a report on Thursday, August 5th. Susquehanna reduced their target price on Spirit AeroSystems from $60.00 to $54.00 and set a “positive” rating on the stock in a report on Thursday, August 5th. Zacks Investment Research raised Spirit AeroSystems from a “sell” rating to a “hold” rating and set a $47.00 target price on the stock in a report on Thursday, July 29th. Finally, Cowen increased their target price on Spirit AeroSystems from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Tuesday, June 22nd. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $48.27.

Shares of NYSE SPR opened at $42.57 on Friday. The company has a debt-to-equity ratio of 6.34, a current ratio of 2.48 and a quick ratio of 1.62. The stock’s fifty day moving average price is $40.88 and its two-hundred day moving average price is $45.15. Spirit AeroSystems has a one year low of $17.60 and a one year high of $53.63. The firm has a market cap of $4.49 billion, a price-to-earnings ratio of -5.83 and a beta of 2.09.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 4th. Shareholders of record on Monday, September 13th will be given a $0.01 dividend. The ex-dividend date is Friday, September 10th. This represents a $0.04 annualized dividend and a yield of 0.09%. Spirit AeroSystems’s dividend payout ratio is presently -0.70%.

A number of institutional investors have recently bought and sold shares of the business. Virtu Financial LLC bought a new position in Spirit AeroSystems in the second quarter valued at about $309,000. Marshall Wace North America L.P. raised its position in Spirit AeroSystems by 2.2% in the second quarter. Marshall Wace North America L.P. now owns 2,360,862 shares of the aerospace company’s stock valued at $111,409,000 after purchasing an additional 51,622 shares during the last quarter. Strategic Wealth Partners Ltd. raised its position in Spirit AeroSystems by 14.8% in the second quarter. Strategic Wealth Partners Ltd. now owns 11,410 shares of the aerospace company’s stock valued at $538,000 after purchasing an additional 1,472 shares during the last quarter. HM Payson & Co. increased its stake in shares of Spirit AeroSystems by 1.7% in the second quarter. HM Payson & Co. now owns 26,913 shares of the aerospace company’s stock valued at $1,270,000 after buying an additional 450 shares during the period. Finally, Metropolitan Life Insurance Co NY acquired a new stake in shares of Spirit AeroSystems in the second quarter valued at about $172,000. Hedge funds and other institutional investors own 74.80% of the company’s stock.

About Spirit AeroSystems

Spirit AeroSystems Holdings, Inc engages in the design and manufacture of aero structures for commercial and defense aircraft. It operates through the following segments: Fuselage Systems, Propulsion Systems, Wing Systems, and All Other. The Fuselage Systems segment develops, produces, and markets forward, mid, and rear fuselage sections and systems.

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

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