Spirit AeroSystems (NYSE:SPR) Announces Earnings Results, Misses Expectations By $0.64 EPS
Spirit AeroSystems (NYSE:SPR) issued its earnings results on Tuesday. The aerospace company reported ($1.31) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.67) by ($0.64), MarketWatch Earnings reports. Spirit AeroSystems had a negative net margin of 11.29% and a negative return on equity of 26.56%. The firm had revenue of $877.00 million during the quarter, compared to analysts’ expectations of $885.27 million. During the same quarter in the prior year, the company earned $0.79 EPS. Spirit AeroSystems’s quarterly revenue was down 55.2% on a year-over-year basis.
Shares of NYSE SPR traded down $0.16 during midday trading on Tuesday, hitting $42.59. The stock had a trading volume of 93,014 shares, compared to its average volume of 2,795,405. The company has a market capitalization of $4.50 billion, a PE ratio of -8.72 and a beta of 2.04. The stock has a 50 day simple moving average of $38.80 and a 200-day simple moving average of $29.18. Spirit AeroSystems has a 1 year low of $13.69 and a 1 year high of $63.97. The company has a quick ratio of 1.62, a current ratio of 2.41 and a debt-to-equity ratio of 2.27.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 9th. Stockholders of record on Friday, March 19th will be given a $0.01 dividend. The ex-dividend date is Thursday, March 18th. This represents a $0.04 annualized dividend and a dividend yield of 0.09%. Spirit AeroSystems’s dividend payout ratio (DPR) is presently 0.72%.
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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