Spirit AeroSystems Holdings, Inc. to Issue Quarterly Dividend of $0.12 (NYSE:SPR)

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) declared a quarterly dividend on Thursday, April 25th, Wall Street Journal reports. Stockholders of record on Monday, June 17th will be given a dividend of 0.12 per share by the aerospace company on Monday, July 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Friday, June 14th.

Spirit AeroSystems has a dividend payout ratio of 7.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Spirit AeroSystems to earn $8.12 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 5.9%.

SPR opened at $84.29 on Friday. The company has a market capitalization of $8.72 billion, a PE ratio of 12.29, a PEG ratio of 1.54 and a beta of 1.36. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.95 and a quick ratio of 1.39. Spirit AeroSystems has a 52 week low of $64.48 and a 52 week high of $100.34.

Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings data on Wednesday, May 1st. The aerospace company reported $1.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.01. Spirit AeroSystems had a return on equity of 63.36% and a net margin of 8.78%. The company had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same quarter last year, the company earned $1.10 EPS. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. As a group, research analysts expect that Spirit AeroSystems will post 7.06 earnings per share for the current fiscal year.

SPR has been the subject of a number of analyst reports. Barclays reaffirmed a “buy” rating on shares of Spirit AeroSystems in a research report on Wednesday, March 13th. Vertical Research lowered Spirit AeroSystems from a “buy” rating to a “hold” rating and set a $103.00 price objective for the company. in a research report on Wednesday, March 6th. Zacks Investment Research raised Spirit AeroSystems from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. Cowen reaffirmed a “hold” rating and set a $93.00 price objective on shares of Spirit AeroSystems in a research report on Wednesday, May 1st. Finally, Canaccord Genuity lowered Spirit AeroSystems from a “buy” rating to a “hold” rating and reduced their price objective for the company from $100.00 to $92.00 in a research report on Monday, April 8th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $101.47.

In other Spirit AeroSystems news, Director Robert D. Johnson sold 500 shares of Spirit AeroSystems stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $79.95, for a total value of $39,975.00. Following the completion of the sale, the director now owns 2,925 shares of the company’s stock, valued at approximately $233,853.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.84% of the stock is owned by company insiders.

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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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Dividend History for Spirit AeroSystems (NYSE:SPR)

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