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
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 Ratio16.03
Forward P/E Ratio13.66
P/E Growth1.3
Sales & Book Value
Annual Sales$6.98 billion
Price / Sales1.40
Cash Flow$7.2076 per share
Price / Cash11.90
Book Value$15.74 per share
Price / Book5.45
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
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 declared a quarterly dividend on Thursday, April 26th. Investors of record on Monday, June 18th will be paid a dividend of $0.12 per share on Monday, July 9th. This represents a $0.48 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Friday, June 15th. This is a positive change 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 declared that its Board of Directors has initiated a stock repurchase program on Sunday, February 4th 2018, which permits the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its shares are undervalued.
How were Spirit AeroSystems' earnings last quarter?
Spirit AeroSystems Holdings, Inc. (NYSE:SPR) posted its quarterly earnings data on Wednesday, May, 2nd. The aerospace company reported $1.10 EPS for the quarter, missing the consensus estimate 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 revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business 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 earnings per share (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 analysts have issued twelve-month price objectives for Spirit AeroSystems' shares. Their forecasts range from $66.00 to $129.00. On average, they anticipate Spirit AeroSystems' stock price to reach $98.5556 in the next twelve months. View Analyst Ratings for Spirit AeroSystems.
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 outperformed the broader industry in the last one year. The company is one of the largest independent non-OEM aircraft parts designers. In fact, the company’s focus on executing supply chain strategy, improving productivity and meeting its customers’ requirements for production rate changes is paying off, as well. Spirit AeroSystems’ maintenance of a strong balance sheet and steady cash flow position offers substantial financial flexibility and a cushion for paying dividend and ongoing share repurchases. However, factors like stiff competition and unexpected rise in costs remain major concerns. The company is also highly dependent on the U.S. government for military contracts and any change in the federal government’s budgetary policy could adversely impact the company. Unexpected rise in costs may also reduce its profit margins or cause the company to sustain losses on fixed-price contracts." (3/20/2018)
- 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)
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?
Media coverage about SPR stock has trended somewhat positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Spirit AeroSystems earned a media sentiment score of 0.09 on Accern's scale. They also assigned news articles about the aerospace company an impact score of 46.40 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.
Who are Spirit AeroSystems' major shareholders?
Spirit AeroSystems' stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.78%), Boston Partners (4.52%), LSV Asset Management (4.40%), Scopia Capital Management LP (4.23%), Barrow Hanley Mewhinney & Strauss LLC (3.60%) and Hound Partners LLC (3.19%). 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 Scopia Capital Management LP, Barrow Hanley Mewhinney & Strauss LLC, Hound Partners LLC, Russell Investments Group Ltd., Marble Arch Investments LP, Prudential Financial Inc., Nuveen Asset Management LLC and KBC Group NV. 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 bought by a variety of institutional investors in the last quarter, including Boston Partners, Cannell Peter B & Co. Inc., Old Mutual Global Investors UK Ltd., BNP Paribas Arbitrage SA, Caisse DE Depot ET Placement DU Quebec, BlackRock Inc., Victory Capital Management Inc. and Lord Abbett & CO. 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 $85.77.
How big of a company is Spirit AeroSystems?
Spirit AeroSystems has a market capitalization of $10.04 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 (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.
