Spirit AeroSystems (NYSE:SPR) Posts Earnings Results

Spirit AeroSystems (NYSE:SPR) announced its quarterly earnings data on Wednesday. The aerospace company reported ($3.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($2.87), Zacks reports. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.83 billion.

Spirit AeroSystems Trading Down 0.4 %

Shares of NYSE SPR traded down $0.12 during midday trading on Friday, reaching $31.54. The company’s stock had a trading volume of 449,875 shares, compared to its average volume of 3,080,689. Spirit AeroSystems has a fifty-two week low of $20.98 and a fifty-two week high of $37.08. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of -3.08 and a beta of 1.85. The stock has a 50 day simple moving average of $33.25 and a 200-day simple moving average of $32.93.

Wall Street Analyst Weigh In

SPR has been the subject of several research reports. Royal Bank of Canada restated a “sector perform” rating and set a $37.25 price target on shares of Spirit AeroSystems in a report on Tuesday, August 20th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $37.00 price objective (up previously from $36.00) on shares of Spirit AeroSystems in a research note on Monday, July 8th. Susquehanna restated a “neutral” rating and issued a $37.00 price objective (down previously from $40.00) on shares of Spirit AeroSystems in a research note on Wednesday, July 17th. Truist Financial increased their target price on shares of Spirit AeroSystems from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Wednesday, July 17th. Finally, StockNews.com began coverage on shares of Spirit AeroSystems in a report on Wednesday. They set a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.54.

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.