Spirit AeroSystems Holdings, Inc. (NYSE:SPR) – Investment analysts at SunTrust Banks decreased their Q3 2019 earnings per share (EPS) estimates for Spirit AeroSystems in a research report issued on Monday, October 21st. SunTrust Banks analyst M. Ciarmoli now anticipates that the aerospace company will post earnings per share of $1.63 for the quarter, down from their prior forecast of $1.65. SunTrust Banks also issued estimates for Spirit AeroSystems’ Q4 2019 earnings at $1.63 EPS and FY2019 earnings at $6.64 EPS.
Several other brokerages also recently weighed in on SPR. ValuEngine raised Spirit AeroSystems from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Zacks Investment Research downgraded Spirit AeroSystems from a “hold” rating to a “sell” rating and set a $84.00 target price on the stock. in a research note on Monday, July 8th. Robert W. Baird downgraded Spirit AeroSystems from an “outperform” rating to a “neutral” rating and cut their target price for the company from $89.00 to $80.00 in a research note on Tuesday. Cowen reaffirmed a “hold” rating and set a $90.00 target price on shares of Spirit AeroSystems in a research note on Monday, July 8th. Finally, Morgan Stanley lifted their target price on Spirit AeroSystems from $100.00 to $103.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $93.24.
Shares of Spirit AeroSystems stock opened at $78.46 on Wednesday. The business’s fifty day moving average price is $82.43 and its two-hundred day moving average price is $81.09. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.96 and a quick ratio of 1.42. The company has a market capitalization of $7.82 billion, a P/E ratio of 12.53, a PEG ratio of 1.44 and a beta of 1.18. Spirit AeroSystems has a 1-year low of $64.48 and a 1-year high of $100.34.
Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings data on Wednesday, July 31st. The aerospace company reported $1.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.07. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.98 billion. Spirit AeroSystems had a return on equity of 56.85% and a net margin of 8.88%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.63 EPS.
Several institutional investors and hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC raised its stake in shares of Spirit AeroSystems by 15.5% in the 2nd quarter. AQR Capital Management LLC now owns 5,376,020 shares of the aerospace company’s stock worth $431,748,000 after buying an additional 721,914 shares in the last quarter. Scopia Capital Management LP raised its position in shares of Spirit AeroSystems by 12.5% during the second quarter. Scopia Capital Management LP now owns 2,564,326 shares of the aerospace company’s stock worth $208,659,000 after purchasing an additional 284,043 shares during the period. D. E. Shaw & Co. Inc. raised its position in shares of Spirit AeroSystems by 6.4% during the second quarter. D. E. Shaw & Co. Inc. now owns 2,388,071 shares of the aerospace company’s stock worth $194,317,000 after purchasing an additional 143,225 shares during the period. UBS Asset Management Americas Inc. raised its position in shares of Spirit AeroSystems by 24.6% during the second quarter. UBS Asset Management Americas Inc. now owns 1,842,436 shares of the aerospace company’s stock worth $149,919,000 after purchasing an additional 363,725 shares during the period. Finally, Boston Partners raised its position in shares of Spirit AeroSystems by 48.3% during the second quarter. Boston Partners now owns 1,703,347 shares of the aerospace company’s stock worth $138,550,000 after purchasing an additional 554,842 shares during the period. 97.58% of the stock is currently owned by institutional investors.
In other news, Director Robert D. Johnson sold 500 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.58, for a total value of $39,790.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.84% of the stock is currently owned by insiders.
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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