Spirit Aerosystems Stake, Inc. (SPR) Issues Revenue Results

Spirit Aerosystems Stake, Inc. (SPR) Issues  Revenue Results

Spirit Aerosystems Holdings, Inc. (NYSE:SPR) announced its earnings results on Wednesday. The company reported $0.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.03 by $0.14. Spirit Aerosystems Holdings had a net margin of 7.32% and a return on equity of 29.92%. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same period in the prior year, the business posted $0.95 EPS. Spirit Aerosystems Holdings’s revenue for the quarter was down 2.4% on a year-over-year basis. Spirit Aerosystems Holdings updated its FY17 guidance to $4.60-4.85 EPS.

Spirit Aerosystems Holdings (NYSE:SPR) opened at 60.05 on Wednesday. The company’s 50 day moving average is $58.64 and its 200-day moving average is $51.00. The stock has a market cap of $7.31 billion, a PE ratio of 15.75 and a beta of 1.35. Spirit Aerosystems Holdings has a 1-year low of $40.03 and a 1-year high of $61.55.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 10th. Investors of record on Monday, March 20th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, March 16th. Spirit Aerosystems Holdings’s dividend payout ratio (DPR) is 10.50%.

A number of brokerages have weighed in on SPR. Robert W. Baird reaffirmed an “outperform” rating and set a $64.00 target price on shares of Spirit Aerosystems Holdings in a research note on Friday, January 20th. SunTrust Banks, Inc. began coverage on shares of Spirit Aerosystems Holdings in a research note on Thursday, January 19th. They set a “hold” rating and a $61.00 target price for the company. Bank of America Corporation downgraded shares of Spirit Aerosystems Holdings from a “neutral” rating to an “underperform” rating and raised their target price for the company from $50.00 to $55.00 in a research note on Tuesday, January 17th. RBC Capital Markets began coverage on shares of Spirit Aerosystems Holdings in a research note on Thursday, January 12th. They set an “underperform” rating and a $55.00 target price for the company. Finally, Royal Bank Of Canada began coverage on shares of Spirit Aerosystems Holdings in a research report on Thursday, January 12th. They set an “underperform” rating and a $55.00 price target for the company. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. Spirit Aerosystems Holdings has a consensus rating of “Hold” and a consensus target price of $59.00.

In related news, Director John L. Plueger purchased 2,000 shares of the business’s stock in a transaction on Tuesday, December 13th. The shares were acquired at an average price of $59.49 per share, for a total transaction of $118,980.00. Following the purchase, the director now owns 2,000 shares of the company’s stock, valued at approximately $118,980. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.41% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its position in shares of Spirit Aerosystems Holdings by 65.4% in the second quarter. PNC Financial Services Group Inc. now owns 2,441 shares of the company’s stock worth $105,000 after buying an additional 965 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Spirit Aerosystems Holdings by 351.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,511 shares of the company’s stock worth $108,000 after buying an additional 1,955 shares during the last quarter. Advisor Group Inc. bought a new position in shares of Spirit Aerosystems Holdings during the second quarter worth about $125,000. State of Alaska Department of Revenue raised its position in shares of Spirit Aerosystems Holdings by 7.5% in the third quarter. State of Alaska Department of Revenue now owns 2,979 shares of the company’s stock worth $132,000 after buying an additional 208 shares during the last quarter. Finally, American International Group Inc. raised its position in shares of Spirit Aerosystems Holdings by 5.4% in the second quarter. American International Group Inc. now owns 3,831 shares of the company’s stock worth $165,000 after buying an additional 196 shares during the last quarter.

About Spirit Aerosystems Holdings

Spirit AeroSystems Holdings, Inc is a non-original equipment manufacturer (OEM) aircraft parts designer and manufacturer of commercial aero-structures. The Company is a supplier of aero-structures to The Boeing Company (Boeing) and Airbus SAS (Airbus). The Company operates through three segments: Fuselage Systems, Propulsion Systems and Wing Systems.

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