Spirit Aerosystems Holdings, Inc. (NYSE:SPR) updated its FY17 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $5.00-5.25 for the period, compared to the Thomson Reuters consensus estimate of $4.82.
Several brokerages recently issued reports on SPR. Cowen and Company reissued a buy rating and set a $69.00 target price on shares of Spirit Aerosystems Holdings in a research note on Wednesday, August 2nd. Credit Suisse Group reissued an outperform rating and set a $80.00 target price (up previously from $74.00) on shares of Spirit Aerosystems Holdings in a research note on Thursday, August 3rd. UBS AG raised Spirit Aerosystems Holdings from a neutral rating to a buy rating and set a $63.00 target price on the stock in a research note on Tuesday, May 9th. BidaskClub downgraded Spirit Aerosystems Holdings from a strong-buy rating to a buy rating in a research note on Thursday, July 27th. Finally, Jefferies Group LLC reissued a buy rating and set a $68.00 target price on shares of Spirit Aerosystems Holdings in a research note on Tuesday, July 25th. Two research 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. Spirit Aerosystems Holdings has an average rating of Hold and a consensus price target of $69.56.
Shares of Spirit Aerosystems Holdings, Inc. (SPR) traded up 0.15% during trading on Friday, hitting $68.91. The stock had a trading volume of 1,976,177 shares. The firm’s 50-day moving average is $61.97 and its 200 day moving average is $58.42. The firm has a market cap of $8.15 billion, a price-to-earnings ratio of 24.74 and a beta of 1.36. Spirit Aerosystems Holdings, Inc. has a 52-week low of $42.26 and a 52-week high of $73.86.
Spirit Aerosystems Holdings (NYSE:SPR) last announced its earnings results on Wednesday, August 2nd. The aerospace company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.37. The business 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 business’s revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.21 earnings per share. On average, analysts expect that Spirit Aerosystems Holdings, Inc. will post $5.16 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Monday, September 18th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.58%. Spirit Aerosystems Holdings’s dividend payout ratio (DPR) is presently 14.60%.
Spirit Aerosystems Holdings announced that its board has initiated a share repurchase plan on Wednesday, August 2nd that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the aerospace company to purchase up to 4.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.
In other news, Director Richard A. Gephardt sold 4,247 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $58.00, for a total value of $246,326.00. Following the completion of the sale, the director now directly owns 1,964 shares in the company, valued at $113,912. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.28% of the stock is owned by corporate insiders.
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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