Media stories about Spirit Aerosystems Holdings (NYSE:SPR) have been trending somewhat positive this week, Accern Sentiment reports. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Spirit Aerosystems Holdings earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news articles about the aerospace company an impact score of 46.5536668062524 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Spirit Aerosystems Holdings’ (SPR) “Buy” Rating Reiterated at UBS AG (americanbankingnews.com)
- Spirit Aerosystems Holdings, In (NYSE:SPR) Closed 9.8% Above Its 50 Day Average (highlightpress.com)
- See How Spirit AeroSystems Holdings Ranks Among Analysts’ Top Picks With Strong Buyback Activity (thestreet.com)
- Spirit AeroSystems Holdings, Inc. 2017 Q2 - Results - Earnings Call Slides (seekingalpha.com)
- Spirit Aerosystems Holdings, Inc. (SPR) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
Shares of Spirit Aerosystems Holdings (NYSE SPR) opened at 70.38 on Tuesday. The stock has a 50 day moving average price of $64.22 and a 200-day moving average price of $58.93. Spirit Aerosystems Holdings has a 52-week low of $42.26 and a 52-week high of $73.86. The stock has a market capitalization of $8.33 billion, a price-to-earnings ratio of 25.27 and a beta of 1.36.
Spirit Aerosystems Holdings (NYSE:SPR) last announced its quarterly earnings data on Wednesday, August 2nd. The aerospace company reported $1.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.37. Spirit Aerosystems Holdings had a net margin of 4.97% and a return on equity of 30.82%. The company had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the previous year, the company earned $1.21 EPS. The business’s quarterly revenue was down .2% compared to the same quarter last year. On average, equities research analysts predict that Spirit Aerosystems Holdings will post $5.19 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Monday, September 18th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, September 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.57%. Spirit Aerosystems Holdings’s dividend payout ratio is presently 14.60%.
Spirit Aerosystems Holdings announced that its Board of Directors has initiated a stock buyback plan on Wednesday, August 2nd that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the aerospace company to purchase up to 4.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.
Several brokerages have recently issued reports on SPR. Cowen and Company reissued a “buy” rating and issued a $69.00 price objective on shares of Spirit Aerosystems Holdings in a report on Wednesday, August 2nd. Credit Suisse Group reissued an “outperform” rating and issued a $80.00 price objective (up previously from $74.00) on shares of Spirit Aerosystems Holdings in a report on Thursday, August 3rd. UBS AG raised Spirit Aerosystems Holdings from a “neutral” rating to a “buy” rating and set a $63.00 price objective for the company in a report on Tuesday, May 9th. BidaskClub cut Spirit Aerosystems Holdings from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $68.00 price objective on shares of Spirit Aerosystems Holdings in a report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $70.69.
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In other news, Director Richard A. Gephardt sold 4,247 shares of the business’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $58.00, for a total transaction of $246,326.00. Following the completion of the sale, the director now directly owns 1,964 shares of the company’s stock, valued at approximately $113,912. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.28% of the stock is owned by insiders.
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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