Spirit Recovers from 737 Challenges, Looks to Close Asco and Achieve Smoother Rate Increases in 2019
Spirit Aerosystems has addressed its production challenges on the 737 and its third-quarter earnings managed to beat estimates. We’re maintaining our $88 fair value estimate, noting that we include the acquisition of Asco in our model starting in 2019. At a price/fair value of 0.97 no-moat Spirit looks fairly valued, offering investors equitylike returns.Revenue rose to $1.8 billion up 3.7% versus 2017 thanks to higher 737 deliveries in the fuselage and propulsion segments (160 shipsets this y...
Spirit AeroSystems Holdings is an independent non-Original Equipment Manufacturer commercial aerostructures designer and manufacturer. The company has three segments: Fuselage Systems, which includes development, production and marketing of forward, mid and rear fuselage sections and systems, and related spares and maintenance, repair, and overhaul (MRO) services; Propulsion Systems, which includes development, production and marketing of struts/pylons, nacelles, and related engine structural components, and related spares and MRO services; and Wing Systems, which includes development, production and marketing of wings and wing components, as well as related spares and MRO services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.