Spirit AeroSystems - SPR Stock Forecast, Price & News

Spirit AeroSystems Holdings, Inc. designs, engineers, manufactures, and markets commercial aerostructures worldwide. It operates through three segments: Commercial, Defense & Space, and Aftermarket. The Commercial segment offers forward, mid, and rear fuselage sections and systems, struts/pylons, nacelles, and related engine structural components; and wings and wing components, including flight control surfaces, as well as other structural parts. This segment primarily serves the aircraft original equipment manufacturers (OEMs) or engine OEMs of large commercial aircraft and/or business/regional jet programs. The Defense & Space segment provides fuselage, strut, nacelle, and wing aerostructures primarily for U.S. Government defense programs, including Boeing P-8, C40, and KC-46 Tanker. This segment also engages in the fabrication, bonding, assembly, testing, tooling, processing, engineering analysis, and training on fixed wing aircraft aerostructures, missiles, and hypersonics works, such as solid rocket motor throats, nozzles, re-entry vehicle thermal protections systems, forward cockpit and cabin, and fuselage work on rotorcraft aerostructures. The Aftermarket segment offers spare parts and MRO services, repairs for flight control surfaces and nacelles, radome repairs, rotable assets, engineering services, advanced composite repairs, and other repair and overhaul services. Spirit AeroSystems Holdings, Inc. has a strategic partnership with Sierra Space to enhance access to commercial space economy of the future. The company was formerly known as Mid-Western Aircraft Systems Holdings, Inc. Spirit AeroSystems Holdings, Inc. was founded in 1927 and is headquartered in Wichita, Kansas.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Sanford C. Bernstein dropped their target price on shares of Spirit AeroSystems from $66.00 to $58.00 in a research report on Thursday, May 5th. Cowen cut their target price on shares of Spirit AeroSystems from $70.00 to $55.00 and set an "outperform" rating for the company in a research report on Monday, August 8th. Truist Financial reduced their target price on Spirit AeroSystems from $70.00 to $60.00 in a research note on Tuesday, July 19th. StockNews.com raised Spirit AeroSystems from a "sell" rating to a "hold" rating in a research note on Wednesday. Finally, Morgan Stanley reduced their price objective on Spirit AeroSystems from $54.00 to $51.00 and set an "overweight" rating on the stock in a research report on Thursday, August 4th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $54.40.

Spirit AeroSystems Price Performance

SPR traded down $1.15 on Wednesday, hitting $33.62. 25,688 shares of the company were exchanged, compared to its average volume of 2,447,936. The company has a debt-to-equity ratio of 15.16, a current ratio of 1.47 and a quick ratio of 0.86. The firm has a fifty day simple moving average of $31.35 and a two-hundred day simple moving average of $38.60. Spirit AeroSystems has a 12 month low of $26.18 and a 12 month high of $53.31.

Spirit AeroSystems (NYSE:SPR - Get Rating) last issued its earnings results on Wednesday, August 3rd. The aerospace company reported ($1.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($1.00). Spirit AeroSystems had a negative return on equity of 88.69% and a negative net margin of 9.12%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the business posted ($0.31) EPS. The firm's revenue for the quarter was up 25.5% on a year-over-year basis. Equities research analysts forecast that Spirit AeroSystems will post -1.62 earnings per share for the current year.

Spirit AeroSystems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Monday, September 12th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend is Friday, September 9th. Spirit AeroSystems's dividend payout ratio (DPR) is -1.02%.