Spirit AeroSystems Holdings, Inc., through its subsidiaries, designs, manufactures, and supplies commercial aero structures worldwide. It operates through 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 offers related spares and maintenance, repairs, and overhaul (MRO) services. The Propulsion Systems segment offers struts/pylons; nacelles, including thrust reversers; and related engine structural components primarily to aircraft or engine OEMs, as well as related spares and MRO services. The Wing Systems provides wings and wing components, such as flight control surfaces; and other miscellaneous structural parts primarily to aircraft OEMs, as well as related spares and MRO services. It also offers low observables comprising radar absorbent and translucent materials; rotorcrafts that include forward cockpits and cabins; and other military services, which comprise fabrication, bonding, assembly, testing, tooling, processing, engineering analysis, and training. 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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Aircraft parts & equipment, not elsewhere classified
Sub-IndustryAerospace & Defense
SectorAerospace
SymbolNYSE:SPR
CUSIP84857410
Phone316-526-9000
Debt
Debt-to-Equity Ratio0.71
Current Ratio1.53
Quick Ratio0.98
Price-To-Earnings
Trailing P/E Ratio16.84
Forward P/E Ratio14.37
P/E Growth1.32
Sales & Book Value
Annual Sales$6.98 billion
Price / Sales1.47
Cash Flow$7.4772 per share
Price / Cash12.05
Book Value$15.74 per share
Price / Book5.72
Profitability
EPS (Most Recent Fiscal Year)$5.35
Net Income$354.90 million
Net Margins4.82%
Return on Equity35.11%
Return on Assets11.27%
Miscellaneous
Employees13,700
Outstanding Shares113,790,000
Market Cap$10,162.14
Spirit AeroSystems (NYSE:SPR) Frequently Asked Questions
What is Spirit AeroSystems' stock symbol?
Spirit AeroSystems trades on the New York Stock Exchange (NYSE) under the ticker symbol "SPR."
How often does Spirit AeroSystems pay dividends? What is the dividend yield for Spirit AeroSystems?
Spirit AeroSystems announced a quarterly dividend on Thursday, April 26th. Stockholders of record on Monday, June 18th will be given a dividend of $0.12 per share on Monday, July 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date is Friday, June 15th. This is a boost from Spirit AeroSystems's previous quarterly dividend of $0.10. View Spirit AeroSystems' Dividend History.
How will Spirit AeroSystems' stock buyback program work?
Spirit AeroSystems announced that its Board of Directors has initiated a stock repurchase plan on Sunday, February 4th 2018, which permits the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its stock is undervalued.
How were Spirit AeroSystems' earnings last quarter?
Spirit AeroSystems Holdings, Inc. (NYSE:SPR) posted its quarterly earnings results on Wednesday, May, 2nd. The aerospace company reported $1.10 EPS for the quarter, missing analysts' consensus estimates of $1.35 by $0.25. The aerospace company earned $1.74 billion during the quarter, compared to analysts' expectations of $1.70 billion. Spirit AeroSystems had a net margin of 4.82% and a return on equity of 35.11%. The business's quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.17 EPS. View Spirit AeroSystems' Earnings History.
When is Spirit AeroSystems' next earnings date?
What guidance has Spirit AeroSystems issued on next quarter's earnings?
Spirit AeroSystems issued an update on its FY18 earnings guidance on Wednesday, May, 2nd. The company provided EPS guidance of $6.25-6.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.42. The company issued revenue guidance of $7.1-7.2 billion, compared to the consensus revenue estimate of $7.20 billion.
What price target have analysts set for SPR?
18 equities research analysts have issued 12-month price targets for Spirit AeroSystems' stock. Their predictions range from $66.00 to $129.00. On average, they anticipate Spirit AeroSystems' share price to reach $98.3889 in the next twelve months. This suggests a possible upside of 9.2% from the stock's current price. View Analyst Ratings for Spirit AeroSystems.
What is the consensus analysts' recommendation for Spirit AeroSystems?
18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spirit AeroSystems in the last year. There are currently 1 sell rating, 4 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
What are Wall Street analysts saying about Spirit AeroSystems stock?
Here are some recent quotes from research analysts about Spirit AeroSystems stock:
- 1. According to Zacks Investment Research, "Spirit AeroSystems is one of the largest independent non-OEM aircraft parts designers, which in turn has enabled it to outperform the industry in the last year. To further expand its footprint in fabrication business, the company has recently announced its deal to purchase Asco Industries. The transaction is expected to strengthen its supply-chain capabilities. Additionally, it strives to become more innovative by investing in technology and automation. However, factors like stiff competition and unexpected rise in costs remain major concerns for the company. to keep up with other players in this space, the company needs to invest substantially for technological progress that would increase capital expenses and in turn may adversely affect its operations and financial condition." (7/11/2018)
- 2. Canaccord Genuity analysts commented, "We spent time on the road with management of Spirit AeroSystems (SPR). We believe management remains very confident in the near- and long-term outlook for the company now that it has finalized agreements with both Boeing and Airbus, and much of its financial and operational performance is now directly under its control. We continue to like SPR for its exposure to the 737, and believe that as sentiment on the commercial cycle remains positive, SPR will see a gradual grind higher as it executes to its plan. We are maintaining our BUY rating and our $86 price target." (11/17/2017)
- 3. Cowen Inc analysts commented, "SPR is attractive for extended BA/AB production ramp, improving execution, and." (9/28/2017)
Are investors shorting Spirit AeroSystems?
Spirit AeroSystems saw a increase in short interest during the month of June. As of June 15th, there was short interest totalling 10,590,098 shares, an increase of 120.0% from the May 31st total of 4,812,880 shares. Based on an average trading volume of 1,224,913 shares, the days-to-cover ratio is currently 8.6 days. Currently, 9.4% of the shares of the stock are sold short. View Spirit AeroSystems' Current Options Chain.
Who are some of Spirit AeroSystems' key competitors?
Who are Spirit AeroSystems' key executives?
Spirit AeroSystems' management team includes the folowing people:
- Mr. Thomas C. Gentile III, Pres, CEO & Director (Age 54)
- Mr. Sanjay Kapoor, Exec. VP & CFO (Age 58)
- Ms. Samantha J. Marnick, Exec. VP & Chief Admin. Officer (Age 47)
- Mr. Duane F. Hawkins, Sr. VP and GM of Boeing, Defense, Regional Jet Programs & Global Customer Support (Age 59)
- Ms. Michelle J. Lohmeier, Sr. VP & GM of Airbus Programs (Age 55)
Has Spirit AeroSystems been receiving favorable news coverage?
Press coverage about SPR stock has trended somewhat positive recently, Accern reports. Accern scores the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Spirit AeroSystems earned a media sentiment score of 0.13 on Accern's scale. They also assigned news stories about the aerospace company an impact score of 46.67 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
Who are Spirit AeroSystems' major shareholders?
Spirit AeroSystems' stock is owned by a number of of retail and institutional investors. Top institutional investors include Bank of Montreal Can (0.80%), Fisher Asset Management LLC (0.12%), NN Investment Partners Holdings N.V. (0.05%), Fjarde AP Fonden Fourth Swedish National Pension Fund (0.04%), Retirement Systems of Alabama (0.03%) and Pensionfund DSM Netherlands (0.03%). Company insiders that own Spirit AeroSystems stock include Charles L Chadwell, Duane F Hawkins, John A Pilla, John L Plueger, Laura Wright, Richard A Gephardt, Robert D Johnson, Stacy Cozad and William Edward Brown. View Institutional Ownership Trends for Spirit AeroSystems.
Which major investors are selling Spirit AeroSystems stock?
SPR stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Fisher Asset Management LLC, Retirement Systems of Alabama, NN Investment Partners Holdings N.V., Fjarde AP Fonden Fourth Swedish National Pension Fund and Raymond James Trust N.A.. Company insiders that have sold Spirit AeroSystems company stock in the last year include Charles L Chadwell, Duane F Hawkins, John A Pilla, Richard A Gephardt, Robert D Johnson, Stacy Cozad and William Edward Brown. View Insider Buying and Selling for Spirit AeroSystems.
Which major investors are buying Spirit AeroSystems stock?
SPR stock was acquired by a variety of institutional investors in the last quarter, including Pensionfund DSM Netherlands, Pensionfund Sabic, State of Alaska Department of Revenue, Amalgamated Bank, Nisa Investment Advisors LLC, Oakbrook Investments LLC, Xact Kapitalforvaltning AB and Atria Investments LLC. Company insiders that have bought Spirit AeroSystems stock in the last two years include John L Plueger and Laura Wright. View Insider Buying and Selling for Spirit AeroSystems.
How do I buy shares of Spirit AeroSystems?
Shares of SPR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Spirit AeroSystems' stock price today?
One share of SPR stock can currently be purchased for approximately $90.07.
How big of a company is Spirit AeroSystems?
Spirit AeroSystems has a market capitalization of $10.16 billion and generates $6.98 billion in revenue each year. The aerospace company earns $354.90 million in net income (profit) each year or $5.35 on an earnings per share basis. Spirit AeroSystems employs 13,700 workers across the globe.
How can I contact Spirit AeroSystems?
Spirit AeroSystems' mailing address is 3801 SOUTH OLIVER, WICHITA KS, 67210. The aerospace company can be reached via phone at 316-526-9000 or via email at [email protected]
MarketBeat Community Rating for Spirit AeroSystems (NYSE SPR)
MarketBeat's community ratings are surveys of what our community members think about Spirit AeroSystems and other stocks. Vote "Outperform" if you believe SPR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SPR will underperform the S&P 500 over the long term. You may vote once every thirty days.
