Media stories about Spirit AeroSystems (NYSE:SPR) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. 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 earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned press coverage about the aerospace company an impact score of 46.2704835549047 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Spirit AeroSystems Target of Unusually Large Options Trading (SPR) (americanbankingnews.com)
- Vanguard Small-Cap ETF Experiences Big Inflow – Nasdaq (nasdaq.com)
- Trump to talk taxes at Boeing St. Louis this week (finance.yahoo.com)
- Investment analyst predicts big gains for Spirit AeroSystems through 2019 (finance.yahoo.com)
- $1.70 Billion in Sales Expected for Spirit AeroSystems Holdings, Inc. (SPR) This Quarter (americanbankingnews.com)
Several equities research analysts recently commented on the stock. ValuEngine raised shares of Spirit AeroSystems from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Canaccord Genuity reissued a “buy” rating and issued a $115.00 price target on shares of Spirit AeroSystems in a report on Monday, January 29th. Robert W. Baird reissued a “buy” rating and issued a $129.00 price target on shares of Spirit AeroSystems in a report on Monday, January 29th. Royal Bank of Canada set a $100.00 price target on shares of Spirit AeroSystems and gave the stock a “sell” rating in a report on Tuesday, January 23rd. Finally, Seaport Global Securities reissued a “buy” rating and issued a $120.00 price target on shares of Spirit AeroSystems in a report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Spirit AeroSystems has an average rating of “Buy” and a consensus target price of $97.11.
Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings results on Friday, February 2nd. The aerospace company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.10. The firm had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Spirit AeroSystems had a net margin of 5.08% and a return on equity of 34.03%. The company’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS. analysts expect that Spirit AeroSystems will post 6.42 EPS for the current fiscal year.
Spirit AeroSystems declared that its Board of Directors has authorized a stock repurchase plan on Friday, February 2nd that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the aerospace company to buy shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 9th. Stockholders of record on Monday, March 19th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, March 16th. This represents a $0.40 annualized dividend and a dividend yield of 0.46%. Spirit AeroSystems’s payout ratio is 13.25%.
In other Spirit AeroSystems news, SVP William Edward Brown sold 5,500 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $92.36, for a total value of $507,980.00. Following the transaction, the senior vice president now owns 21,664 shares of the company’s stock, valued at $2,000,887.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Stacy Cozad sold 1,100 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $91.47, for a total transaction of $100,617.00. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.
About Spirit AeroSystems
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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