Spirit AeroSystems (NYSE:SPR) Issues Earnings Results

Spirit AeroSystems (NYSE:SPR) issued its quarterly earnings data on Tuesday. The aerospace company reported ($3.93) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.44) by ($3.49), Briefing.com reports. The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter last year, the business earned ($1.69) earnings per share. Spirit AeroSystems’s quarterly revenue was up 19.0% on a year-over-year basis.

Spirit AeroSystems Stock Performance

SPR stock opened at $30.89 on Thursday. Spirit AeroSystems has a one year low of $14.65 and a one year high of $36.34. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of -5.10, a PEG ratio of 25.80 and a beta of 1.79. The firm has a 50-day simple moving average of $33.53 and a two-hundred day simple moving average of $29.65.

Analysts Set New Price Targets

SPR has been the topic of a number of recent research reports. Royal Bank of Canada upped their price target on shares of Spirit AeroSystems from $33.00 to $35.00 and gave the company a “sector perform” rating in a research note on Wednesday. Citigroup initiated coverage on Spirit AeroSystems in a research report on Wednesday, January 17th. They issued a “buy” rating and a $39.00 price target for the company. StockNews.com raised Spirit AeroSystems from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. UBS Group cut their target price on Spirit AeroSystems from $35.00 to $33.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Susquehanna increased their price target on Spirit AeroSystems from $33.00 to $40.00 and gave the company a “positive” rating in a report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $32.83.

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.