Spirit AeroSystems (NYSE:SPR) Releases Earnings Results

Spirit AeroSystems (NYSE:SPR) issued its quarterly earnings data on Monday. The aerospace company reported ($2.73) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.98) by ($1.75), Briefing.com reports. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.57 billion. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the business posted ($1.46) EPS.

Spirit AeroSystems Trading Up 0.6 %

Shares of Spirit AeroSystems stock traded up $0.20 during trading hours on Wednesday, reaching $33.65. 969,156 shares of the company’s stock were exchanged, compared to its average volume of 3,697,110. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of -3.85 and a beta of 1.84. Spirit AeroSystems has a 52-week low of $14.65 and a 52-week high of $37.08. The company has a fifty day moving average of $33.08 and a 200-day moving average of $32.09.

Analysts Set New Price Targets

A number of analysts have recently commented on SPR shares. Susquehanna reissued a “neutral” rating and set a $37.00 target price (down previously from $40.00) on shares of Spirit AeroSystems in a research note on Wednesday, July 17th. The Goldman Sachs Group increased their price objective on shares of Spirit AeroSystems from $26.00 to $31.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Citigroup restated a “neutral” rating and set a $37.25 target price (down from $39.00) on shares of Spirit AeroSystems in a report on Wednesday, July 3rd. Stifel Nicolaus increased their price target on Spirit AeroSystems from $34.00 to $37.25 and gave the company a “hold” rating in a report on Monday, July 8th. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of Spirit AeroSystems in a research note on Monday, July 8th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $33.60.

Spirit AeroSystems Company Profile

Spirit AeroSystems Holdings, Inc engages in the design, engineering, manufacture, and marketing of commercial aerostructures worldwide. It operates through three segments: Commercial, Defense & Space, and Aftermarket. The Commercial segment offers forward, mid, and rear fuselage sections and systems, floor beams, nacelles, struts/pylons, horizontal and vertical stabilizers, flaps and slats flight control surfaces, wing structures, and wing systems.