Spirit AeroSystems Holdings, Inc. (NYSE:SPR) – Research analysts at SunTrust Banks reduced their Q2 2019 EPS estimates for shares of Spirit AeroSystems in a research note issued to investors on Wednesday, May 1st. SunTrust Banks analyst M. Ciarmoli now anticipates that the aerospace company will earn $1.64 per share for the quarter, down from their previous estimate of $1.77. SunTrust Banks has a “In-Line” rating and a $96.00 price objective on the stock. SunTrust Banks also issued estimates for Spirit AeroSystems’ Q3 2019 earnings at $1.82 EPS, Q4 2019 earnings at $1.84 EPS, FY2019 earnings at $6.98 EPS and FY2020 earnings at $8.07 EPS.
Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings data on Wednesday, May 1st. The aerospace company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.01. Spirit AeroSystems had a return on equity of 55.88% and a net margin of 8.54%. The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the firm earned $1.10 EPS. The company’s quarterly revenue was up 13.3% compared to the same quarter last year.
Shares of NYSE:SPR opened at $88.81 on Friday. Spirit AeroSystems has a one year low of $64.48 and a one year high of $100.34. The firm has a market cap of $9.21 billion, a PE ratio of 14.19, a P/E/G ratio of 1.52 and a beta of 1.38. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.80 and a quick ratio of 1.16.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Monday, June 17th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Friday, June 14th. Spirit AeroSystems’s dividend payout ratio (DPR) is currently 7.67%.
In other Spirit AeroSystems news, SVP Stacy Cozad sold 3,200 shares of the business’s stock in a transaction on Friday, February 8th. The shares were sold at an average price of $93.39, for a total transaction of $298,848.00. Following the sale, the senior vice president now directly owns 21,036 shares of the company’s stock, valued at approximately $1,964,552.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Paul E. Fulchino sold 15,000 shares of the business’s stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $92.49, for a total transaction of $1,387,350.00. Following the sale, the director now directly owns 47,234 shares in the company, valued at $4,368,672.66. The disclosure for this sale can be found here. Over the last three months, insiders have sold 53,700 shares of company stock worth $5,032,198. Company insiders own 0.84% of the company’s stock.
A number of large investors have recently made changes to their positions in SPR. Nissay Asset Management Corp Japan ADV increased its stake in shares of Spirit AeroSystems by 2.2% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 11,013 shares of the aerospace company’s stock worth $1,008,000 after acquiring an additional 237 shares during the last quarter. Optimum Investment Advisors acquired a new position in shares of Spirit AeroSystems in the first quarter worth $415,000. Advisors Preferred LLC acquired a new position in shares of Spirit AeroSystems in the first quarter worth $76,000. Candriam Luxembourg S.C.A. increased its stake in shares of Spirit AeroSystems by 37.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 141,797 shares of the aerospace company’s stock worth $12,979,000 after acquiring an additional 38,942 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of Spirit AeroSystems by 2.8% in the first quarter. State of New Jersey Common Pension Fund D now owns 330,000 shares of the aerospace company’s stock worth $30,205,000 after acquiring an additional 9,000 shares during the last quarter. 95.77% of the stock is currently owned by institutional investors.
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.
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