Spirit AeroSystems (NYSE:SPR) announced its earnings results on Tuesday. The aerospace company reported ($1.31) earnings per share (EPS) for the quarter, missing the 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 business had revenue of $877.00 million for the quarter, compared to the consensus estimate of $885.27 million. During the same quarter last year, the firm posted $0.79 earnings per share. The business’s quarterly revenue was down 55.2% compared to the same quarter last year.
SPR traded down $0.32 during trading on Tuesday, reaching $42.43. The company had a trading volume of 91,417 shares, compared to its average volume of 2,795,405. 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 business has a 50 day simple moving average of $38.80 and a 200-day simple moving average of $29.18. The stock has a market cap of $4.48 billion, a P/E ratio of -8.72 and a beta of 2.04. Spirit AeroSystems has a 52 week low of $13.69 and a 52 week high of $63.97.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 9th. Investors of record on Friday, March 19th will be issued a dividend of $0.01 per share. The ex-dividend date is Thursday, March 18th. This represents a $0.04 annualized dividend and a yield of 0.09%. Spirit AeroSystems’s payout ratio is presently 0.72%.
Spirit AeroSystems Company Profile
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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