Analysts forecast that Spirit AeroSystems Holdings, Inc. (NYSE:SPR) will announce $1.98 billion in sales for the current quarter, Zacks reports. Five analysts have made estimates for Spirit AeroSystems’ earnings, with estimates ranging from $1.93 billion to $2.02 billion. Spirit AeroSystems reported sales of $1.84 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 7.6%. The company is expected to announce its next earnings report on Wednesday, August 7th.

According to Zacks, analysts expect that Spirit AeroSystems will report full-year sales of $7.93 billion for the current fiscal year, with estimates ranging from $7.81 billion to $8.02 billion. For the next fiscal year, analysts anticipate that the business will report sales of $8.45 billion, with estimates ranging from $8.09 billion to $8.75 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Spirit AeroSystems.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings results on Wednesday, May 1st. The aerospace company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.01. The business had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.93 billion. Spirit AeroSystems had a net margin of 8.78% and a return on equity of 63.36%. Spirit AeroSystems’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period last year, the company posted $1.10 EPS.

A number of brokerages recently weighed in on SPR. Zacks Investment Research upgraded shares of Spirit AeroSystems from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. Seaport Global Securities downgraded shares of Spirit AeroSystems from a “buy” rating to a “neutral” rating and set a $98.64 price target on the stock. in a research report on Tuesday, March 5th. Cowen cut Spirit AeroSystems from an “outperform” rating to a “market perform” rating and set a $92.49 target price for the company. in a research note on Wednesday, April 3rd. Vertical Research cut Spirit AeroSystems from a “buy” rating to a “hold” rating and set a $103.00 target price for the company. in a research note on Wednesday, March 6th. Finally, Barclays reissued a “buy” rating on shares of Spirit AeroSystems in a research note on Wednesday, March 13th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Spirit AeroSystems has a consensus rating of “Buy” and an average target price of $101.47.

In related news, Director Robert D. Johnson sold 500 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $79.95, for a total transaction of $39,975.00. Following the completion of the sale, the director now directly owns 2,925 shares of the company’s stock, valued at approximately $233,853.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.84% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Great West Life Assurance Co. Can grew its stake in shares of Spirit AeroSystems by 0.4% during the 4th quarter. Great West Life Assurance Co. Can now owns 29,127 shares of the aerospace company’s stock worth $2,002,000 after acquiring an additional 129 shares in the last quarter. Valueworks LLC grew its stake in shares of Spirit AeroSystems by 5.6% during the 4th quarter. Valueworks LLC now owns 71,745 shares of the aerospace company’s stock worth $5,172,000 after acquiring an additional 3,795 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Spirit AeroSystems by 323.1% in the first quarter. Robeco Institutional Asset Management B.V. now owns 82,918 shares of the aerospace company’s stock valued at $7,589,000 after buying an additional 63,319 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Spirit AeroSystems by 1.5% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 113,634 shares of the aerospace company’s stock valued at $10,401,000 after buying an additional 1,667 shares in the last quarter. Finally, California State Teachers Retirement System grew its stake in shares of Spirit AeroSystems by 2.5% in the fourth quarter. California State Teachers Retirement System now owns 178,383 shares of the aerospace company’s stock valued at $12,860,000 after buying an additional 4,268 shares in the last quarter. 96.61% of the stock is owned by institutional investors.

Shares of NYSE:SPR traded down $0.19 during mid-day trading on Friday, reaching $82.16. The stock had a trading volume of 68,897 shares, compared to its average volume of 995,075. The company has a market capitalization of $8.65 billion, a price-to-earnings ratio of 13.12, a P/E/G ratio of 1.54 and a beta of 1.35. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.95 and a quick ratio of 1.39. Spirit AeroSystems has a twelve month low of $64.48 and a twelve month high of $100.34.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 8th. Investors of record on Monday, June 17th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, June 14th. This represents a $0.48 dividend on an annualized basis and a yield of 0.58%. Spirit AeroSystems’s payout ratio is 7.67%.

About Spirit AeroSystems

Spirit AeroSystems Holdings, Inc designs, manufactures, and supplies commercial aero structures in the United States and internationally. The company operates in 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 related spares, as well as maintenance, repairs, and overhaul (MRO) services.

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Earnings History and Estimates for Spirit AeroSystems (NYSE:SPR)

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