Spirit AeroSystems Holdings Inc. (NYSE:SPR) previous close was $20.95 while the outstanding shares total 103.70M. The firm has a beta of 1.49, a 12-month trailing P/E ratio of 11.38,. SPR’s shares traded higher over the last trading session, gaining 4.96% on 05/26/20. The shares fell to a low of $21.72 before closing at $21.99. Intraday shares traded counted 6.59 million, which was -68.17% lower than its 30-day average trading volume of 3.92M. The stock’s Relative Strength Index (RSI) is 49.87, with weekly volatility at 6.77% and ATR at 1.89. The SPR stock’s 52-week price range has touched low of $13.69 and a $92.81 high.
Investors have identified the Aerospace & Defense company Spirit AeroSystems Holdings Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $2.28 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Spirit AeroSystems Holdings Inc. (SPR) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For SPR, the company has in raw cash 1.83 billion on their books with 58.6 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 4026100000 million total, with 1434100000 million as their total liabilities.
SPR were able to record -362.3 million as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by -516.8 million. In cash movements, the company had a total of -331.3 million as operating cash flow.
Potential earnings growth for Spirit AeroSystems Holdings Inc. (SPR)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Spirit AeroSystems Holdings Inc. recorded a total of 1.08 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -82.66% coming in sequential stages and their sales for the third quarter reducing by -81.87%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 1.11 billion trying to sell their products during the last quarter, with the result yielding a gross income of -35.2 million. This allows shareholders to hold on to 103.70M with the revenue now reading -1.57 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (-1.42 cents a share).
Having a look at the company’s valuation, the company is expected to record 5.54 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on SPR sounds very interesting.
Is the stock of SPR attractive?
In related news, Director, JOHNSON ROBERT D sold 500 shares of the company’s stock in a transaction that recorded on Dec 02. The sale was performed at an average price of 86.99, for a total value of 43,495. As the sale deal closes, the Director, JOHNSON ROBERT D now sold 500 shares of the company’s stock, valued at 39,790. Also, Director, JOHNSON ROBERT D sold 500 shares of the company’s stock in a deal that was recorded on Jun 03. The shares were price at an average price of 79.95 per share, with a total market value of 39,975. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.70%.
4 out of 18 analysts covering the stock have rated it a Buy, while 11 have maintained a Hold recommendation on Spirit AeroSystems Holdings Inc.. 1 analysts has assigned a Sell rating on the SPR stock. The 12-month mean consensus price target for the company’s shares has been set at $25.71.