Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Expected to Post Quarterly Sales of $863.69 Million

Brokerages predict that Spirit AeroSystems Holdings, Inc. (NYSE:SPR) will announce sales of $863.69 million for the current quarter, according to Zacks. Four analysts have made estimates for Spirit AeroSystems’ earnings. The lowest sales estimate is $728.50 million and the highest is $957.50 million. Spirit AeroSystems posted sales of $2.02 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 57.2%. The company is expected to issue its next quarterly earnings report on Wednesday, July 29th.

On average, analysts expect that Spirit AeroSystems will report full year sales of $3.94 billion for the current financial year, with estimates ranging from $3.68 billion to $4.11 billion. For the next financial year, analysts expect that the company will post sales of $4.53 billion, with estimates ranging from $3.86 billion to $5.34 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Spirit AeroSystems.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings data on Wednesday, May 6th. The aerospace company reported ($0.79) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $1 billion. During the same quarter in the previous year, the firm posted $1.68 EPS. The company’s revenue for the quarter was down 44.1% compared to the same quarter last year.

SPR has been the subject of several recent analyst reports. SunTrust Banks dropped their target price on shares of Spirit AeroSystems from $16.00 to $14.00 and set a “sell” rating for the company in a report on Thursday, May 7th. Benchmark initiated coverage on shares of Spirit AeroSystems in a report on Tuesday, February 18th. They issued a “hold” rating for the company. ValuEngine raised shares of Spirit AeroSystems from a “sell” rating to a “hold” rating in a report on Friday, April 17th. Cowen reissued a “hold” rating and set a $25.00 price objective on shares of Spirit AeroSystems in a report on Wednesday, May 6th. Finally, TheStreet downgraded shares of Spirit AeroSystems from a “c” rating to a “d” rating in a report on Wednesday, May 6th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $50.47.

Institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its position in Spirit AeroSystems by 1.8% in the 4th quarter. Bank of America Corp DE now owns 339,492 shares of the aerospace company’s stock worth $24,742,000 after purchasing an additional 6,149 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Spirit AeroSystems by 12.3% during the fourth quarter. Alliancebernstein L.P. now owns 455,355 shares of the aerospace company’s stock valued at $33,186,000 after purchasing an additional 49,959 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Spirit AeroSystems by 12.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 58,690 shares of the aerospace company’s stock valued at $4,277,000 after purchasing an additional 6,500 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Spirit AeroSystems by 37.3% during the fourth quarter. First Trust Advisors LP now owns 74,567 shares of the aerospace company’s stock valued at $5,434,000 after purchasing an additional 20,244 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Spirit AeroSystems by 4.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 674,493 shares of the aerospace company’s stock valued at $49,158,000 after purchasing an additional 28,418 shares in the last quarter. 92.46% of the stock is currently owned by institutional investors.

Shares of SPR stock traded up $0.33 during mid-day trading on Monday, reaching $20.95. 3,607,639 shares of the company’s stock traded hands, compared to its average volume of 4,999,171. Spirit AeroSystems has a 12 month low of $13.69 and a 12 month high of $92.81. The firm has a 50 day moving average price of $20.00 and a two-hundred day moving average price of $55.06. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.99 and a current ratio of 2.81. The firm has a market capitalization of $2.18 billion, a PE ratio of 6.67 and a beta of 1.50.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date is Friday, June 12th. Spirit AeroSystems’s dividend payout ratio (DPR) is currently 0.72%.

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.

Further Reading: Trading Penny Stocks

Get a free copy of the Zacks research report on Spirit AeroSystems (SPR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Spirit AeroSystems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirit AeroSystems and related companies with MarketBeat.com's FREE daily email newsletter.