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.

Spirit AeroSystems Trading Down 0.1 %

SPR Stock traded down $0.02 during midday trading on Friday, reaching $30.40. The company's stock had a trading volume of 2,171,118 shares, compared to its average volume of 2,302,756. Spirit AeroSystems has a 52 week low of $26.18 and a 52 week high of $53.31. The stock has a market cap of $3.19 billion, a PE ratio of -7.76 and a beta of 1.69. The company has a quick ratio of 1.22, a current ratio of 1.98 and a debt-to-equity ratio of 9.77. The business's 50-day simple moving average is $31.29 and its 200-day simple moving average is $39.08.

Spirit AeroSystems (NYSE:SPR - Get Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The aerospace company reported ($1.21) earnings per share for the quarter, missing analysts' consensus estimates of ($0.21) by ($1.00). The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.29 billion. Spirit AeroSystems had a negative return on equity of 78.49% and a negative net margin of 9.12%. The company's revenue for the quarter was up 25.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.31) earnings per share. As a group, sell-side analysts expect that Spirit AeroSystems will post -0.93 EPS for the current year.

Spirit AeroSystems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Monday, September 12th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, September 9th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.13%. Spirit AeroSystems's dividend payout ratio is -1.02%.

Wall Street Analysts Forecast Growth

SPR has been the topic of several research analyst reports. Robert W. Baird decreased their price target on shares of Spirit AeroSystems from $53.00 to $43.00 in a research note on Thursday. TheStreet cut shares of Spirit AeroSystems from a "c-" rating to a "d+" rating in a research note on Wednesday, June 1st. Morgan Stanley decreased their price target on shares of Spirit AeroSystems from $54.00 to $51.00 and set an "overweight" rating on the stock in a research note on Thursday. Sanford C. Bernstein decreased their price target on shares of Spirit AeroSystems from $66.00 to $58.00 in a research note on Thursday, May 5th. Finally, Susquehanna decreased their price target on shares of Spirit AeroSystems from $50.00 to $41.00 in a research note on Thursday. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $54.33.