Media coverage about Spirit AeroSystems (NYSE:SPR) has been trending somewhat positive on Friday, according to Accern Sentiment. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Spirit AeroSystems earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave media headlines about the aerospace company an impact score of 46.1841598836619 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern’s rankings:
- Morgan Stanley Raises Spirit AeroSystems (SPR) Price Target to $110.00 (americanbankingnews.com)
- Spirit AeroSystems hands out millions in performance bonuses to Wichita workforce (bizjournals.com)
- Spirit AeroSystems Holdings, Inc. (SPR) SVP Stacy Cozad Sells 1,100 Shares (americanbankingnews.com)
- Former Southwest Airlines CFO joins Spirit AeroSystems board (bizjournals.com)
- BRIEF-Spirit Aerosystems Says retired Southwest Airlines Executive Laura Wright Has Joined Co’s Board Of Directors (reuters.com)
Several equities analysts have weighed in on SPR shares. Canaccord Genuity restated a “buy” rating and set a $86.00 target price on shares of Spirit AeroSystems in a report on Tuesday, October 31st. Wells Fargo & Co restated a “market perform” rating and set a $85.00 target price (up from $78.00) on shares of Spirit AeroSystems in a report on Thursday, November 2nd. Sanford C. Bernstein restated an “in-line” rating and set a $98.00 target price (up from $87.00) on shares of Spirit AeroSystems in a report on Thursday, November 2nd. Credit Suisse Group raised their target price on shares of Spirit AeroSystems from $88.00 to $97.00 and gave the company an “outperform” rating in a report on Thursday, November 2nd. Finally, Zacks Investment Research downgraded shares of Spirit AeroSystems from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $97.11.
Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings results on Friday, February 2nd. The aerospace company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.10. The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.66 billion. Spirit AeroSystems had a net margin of 5.08% and a return on equity of 34.03%. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.89 earnings per share. analysts expect that Spirit AeroSystems will post 6.41 EPS for the current fiscal year.
Spirit AeroSystems announced that its Board of Directors has approved a share repurchase program on Friday, February 2nd that permits the company to buyback $500.00 million in shares. This buyback authorization permits the aerospace company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors 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 issued 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 dividend yield of 0.43%. Spirit AeroSystems’s dividend payout ratio (DPR) is presently 12.23%.
In related news, SVP Stacy Cozad sold 1,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $91.47, for a total value of $100,617.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert D. Johnson sold 500 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $84.13, for a total transaction of $42,065.00. Following the completion of the sale, the director now directly owns 1,964 shares in the company, valued at $165,231.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,100 shares of company stock valued at $650,662. Insiders own 0.28% of the company’s stock.
Spirit AeroSystems 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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