Wall Street analysts expect Spirit AeroSystems (NYSE:SPR) to announce $1.70 billion in sales for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Spirit AeroSystems’ earnings, with the highest sales estimate coming in at $1.73 billion and the lowest estimate coming in at $1.66 billion. Spirit AeroSystems posted sales of $1.69 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 0.6%. The company is scheduled to report its next earnings results on Wednesday, May 2nd.

According to Zacks, analysts expect that Spirit AeroSystems will report full-year sales of $7.18 billion for the current financial year, with estimates ranging from $7.14 billion to $7.24 billion. For the next fiscal year, analysts forecast that the business will report sales of $7.57 billion per share, with estimates ranging from $7.47 billion to $7.75 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Spirit AeroSystems.

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Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings data on Friday, February 2nd. The aerospace company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.10. Spirit AeroSystems had a return on equity of 34.03% and a net margin of 5.08%. The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same period last year, the firm earned $0.89 EPS. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis.

A number of analysts have weighed in on SPR shares. Seaport Global Securities reaffirmed a “buy” rating and set a $120.00 price objective on shares of Spirit AeroSystems in a research report on Thursday, January 18th. ValuEngine raised Spirit AeroSystems from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Morgan Stanley increased their price objective on Spirit AeroSystems from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Vertical Research raised Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a research report on Monday, March 19th. Finally, Royal Bank of Canada set a $100.00 target price on Spirit AeroSystems and gave the stock a “sell” rating in a research note on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Spirit AeroSystems presently has an average rating of “Buy” and an average target price of $99.84.

Spirit AeroSystems stock opened at $79.37 on Friday. Spirit AeroSystems has a twelve month low of $51.85 and a twelve month high of $105.20. The company has a quick ratio of 0.74, a current ratio of 1.64 and a debt-to-equity ratio of 0.62. The company has a market cap of $9,007.99, a price-to-earnings ratio of 14.74, a P/E/G ratio of 1.13 and a beta of 1.48.

Spirit AeroSystems declared that its board has authorized a stock repurchase plan on Friday, February 2nd that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the aerospace company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 9th. Investors of record on Monday, March 19th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Friday, March 16th. Spirit AeroSystems’s payout ratio is currently 7.48%.

In related news, SVP William Edward Brown sold 5,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $92.36, for a total value of $507,980.00. Following the completion of the transaction, the senior vice president now directly owns 21,664 shares of the company’s stock, valued at approximately $2,000,887.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Stacy Cozad sold 1,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $91.47, for a total value of $100,617.00. The disclosure for this sale can be found here. Company insiders own 0.87% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Spirit AeroSystems by 18.7% in the 4th quarter. BlackRock Inc. now owns 7,616,743 shares of the aerospace company’s stock valued at $664,561,000 after purchasing an additional 1,200,213 shares in the last quarter. LSV Asset Management increased its stake in Spirit AeroSystems by 19.5% in the 4th quarter. LSV Asset Management now owns 5,080,842 shares of the aerospace company’s stock valued at $443,303,000 after purchasing an additional 827,943 shares in the last quarter. Bank of New York Mellon Corp increased its position in Spirit AeroSystems by 1.1% during the fourth quarter. Bank of New York Mellon Corp now owns 1,277,294 shares of the aerospace company’s stock worth $111,443,000 after buying an additional 13,957 shares in the last quarter. Wedge Capital Management L L P NC increased its position in Spirit AeroSystems by 8.9% during the fourth quarter. Wedge Capital Management L L P NC now owns 729,881 shares of the aerospace company’s stock worth $63,682,000 after buying an additional 59,956 shares in the last quarter. Finally, Cornerstone Investment Partners LLC increased its position in Spirit AeroSystems by 72.8% during the fourth quarter. Cornerstone Investment Partners LLC now owns 599,820 shares of the aerospace company’s stock worth $52,334,000 after buying an additional 252,642 shares in the last quarter. 97.35% of the stock is owned by hedge funds and other institutional investors.

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About Spirit AeroSystems

Spirit AeroSystems Holdings, Inc, through its subsidiaries, designs, manufactures, and supplies commercial aero structures worldwide. It operates through 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 offers related spares and maintenance, repairs, and overhaul (MRO) services.

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

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