News coverage about Spirit AeroSystems (NYSE:SPR) has been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to 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 news articles about the aerospace company an impact score of 46.2704835549047 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Boeing delivers first 737 MAX 9 (finance.yahoo.com)
- Steady Activities: Idera Pharmaceuticals, Inc. (NASDAQ:IDRA), Spirit AeroSystems Holdings, Inc. (NYSE:SPR) – The Oracle Examiner (oracleexaminer.com)
- Zacks Investment Research Downgrades Spirit AeroSystems (SPR) to Hold (americanbankingnews.com)
- Hot Stock to Track – Spirit AeroSystems Holdings Inc (NYSE: SPR) – Stocks Pen (stockspen.com)
- Spirit AeroSystems Holdings, Inc. (SPR) projected to achieve -12.00% earnings growth for this year – Wallstreet Investorplace (wallstreetinvestorplace.com)
Several equities research analysts have issued reports on SPR shares. Wells Fargo upgraded shares of Spirit AeroSystems from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 16th. Morgan Stanley increased their price objective on shares of Spirit AeroSystems from $109.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Cowen reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Spirit AeroSystems in a report on Monday, January 22nd. ValuEngine cut shares of Spirit AeroSystems from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 5th. Finally, SunTrust Banks reissued a “hold” rating and set a $93.00 target price on shares of Spirit AeroSystems in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Spirit AeroSystems currently has a consensus rating of “Buy” and a consensus target price of $98.89.
Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings data on Friday, February 2nd. The aerospace company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.10. Spirit AeroSystems had a net margin of 5.08% and a return on equity of 34.03%. The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter last year, the company posted $0.89 earnings per share. Spirit AeroSystems’s quarterly revenue was up 9.2% on a year-over-year basis. sell-side analysts forecast that Spirit AeroSystems will post 6.42 EPS for the current year.
Spirit AeroSystems announced that its Board of Directors has approved a stock buyback plan on Friday, February 2nd that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the aerospace company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 9th. Shareholders of record on Monday, March 19th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, March 16th. This represents a $0.40 dividend on an annualized basis and a yield of 0.46%. Spirit AeroSystems’s dividend payout ratio is currently 13.25%.
In other news, SVP William Edward Brown sold 5,500 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $92.36, for a total value of $507,980.00. Following the sale, the senior vice president now owns 21,664 shares in the company, valued at approximately $2,000,887.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Stacy Cozad sold 1,100 shares of Spirit AeroSystems stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $91.47, for a total value of $100,617.00. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by insiders.
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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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