Spirit Aerosystems Holdings (SPR) Given Daily Coverage Optimism Rating of 0.13
Headlines about Spirit Aerosystems Holdings (NYSE:SPR) have trended somewhat positive on Friday, according to Accern. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Spirit Aerosystems Holdings earned a news impact score of 0.13 on Accern’s scale. Accern also gave news articles about the aerospace company an impact score of 46.853064203333 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern’s scoring:
- Spirit AeroSystems : Executive Vice President and Chief Financial Officer Speaking at Fifth Annual Credit Suisse Industrials Conference (4-traders.com)
- Historic day in Dubai includes orders for Wichita work (finance.yahoo.com)
- Spirit Executive Vice President and Chief Financial Officer Speaking at Fifth Annual Credit Suisse Industrials Conference (finance.yahoo.com)
- INSIGHT FROM SPIRIT AEROSYSTEMS: Destinations vary, but journeys share common origin (finance.yahoo.com)
- Spirit Aerosystems Holdings, Inc. (SPR) Given Sell Rating at Royal Bank Of Canada (americanbankingnews.com)
Shares of Spirit Aerosystems Holdings (SPR) traded up $0.84 during trading hours on Friday, hitting $80.74. The company had a trading volume of 880,500 shares, compared to its average volume of 1,007,443. The company has a quick ratio of 0.85, a current ratio of 1.56 and a debt-to-equity ratio of 0.60. The firm has a market cap of $9,340.00, a P/E ratio of 16.34, a price-to-earnings-growth ratio of 1.41 and a beta of 1.16. Spirit Aerosystems Holdings has a 1 year low of $51.85 and a 1 year high of $84.75.
Spirit Aerosystems Holdings (NYSE:SPR) last issued its quarterly earnings data on Wednesday, November 1st. The aerospace company reported $1.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.26. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.74 billion. Spirit Aerosystems Holdings had a return on equity of 31.14% and a net margin of 4.98%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the company earned $1.16 EPS. sell-side analysts expect that Spirit Aerosystems Holdings will post 5.22 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 8th. Investors of record on Monday, December 18th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date is Friday, December 15th. Spirit Aerosystems Holdings’s payout ratio is 14.08%.
Spirit Aerosystems Holdings announced that its Board of Directors has initiated a share repurchase program on Wednesday, August 2nd that allows the company to buyback $400.00 million in shares. This buyback authorization allows the aerospace company to purchase up to 4.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.
SPR has been the topic of a number of research reports. Berenberg Bank initiated coverage on Spirit Aerosystems Holdings in a report on Tuesday, November 7th. They issued a “buy” rating and a $100.00 price objective on the stock. Zacks Investment Research lowered Spirit Aerosystems Holdings from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Royal Bank Of Canada set a $77.00 price objective on Spirit Aerosystems Holdings and gave the company a “sell” rating in a report on Sunday, November 12th. Canaccord Genuity restated a “buy” rating and issued a $86.00 price objective on shares of Spirit Aerosystems Holdings in a report on Tuesday, October 31st. Finally, Wells Fargo & Company restated a “market perform” rating and issued a $85.00 price objective (up previously from $78.00) on shares of Spirit Aerosystems Holdings in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the stock. Spirit Aerosystems Holdings has an average rating of “Hold” and a consensus target price of $79.95.
In other Spirit Aerosystems Holdings news, SVP John A. Pilla sold 10,088 shares of Spirit Aerosystems Holdings stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $74.60, for a total value of $752,564.80. Following the completion of the transaction, the senior vice president now directly owns 93,258 shares of the company’s stock, valued at approximately $6,957,046.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Duane F. Hawkins sold 5,000 shares of Spirit Aerosystems Holdings stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $83.04, for a total value of $415,200.00. Following the completion of the transaction, the senior vice president now directly owns 39,374 shares of the company’s stock, valued at $3,269,616.96. The disclosure for this sale can be found here. Insiders have sold a total of 21,688 shares of company stock valued at $1,672,599 over the last three months. Corporate insiders own 0.28% of the company’s stock.
Spirit Aerosystems Holdings Company Profile
Spirit AeroSystems Holdings, Inc is a non-original equipment manufacturer (OEM), aircraft parts designer and manufacturer of commercial aero-structures. The Company is also a supplier of aero-structures. The Company operates through three segments: Fuselage Systems, Propulsion Systems and Wing Systems.
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