Spirit AeroSystems (NYSE:SPR) Announces Earnings Results

Spirit AeroSystems (NYSE:SPR) announced its earnings results on Friday. The aerospace company reported ($4.22) EPS for the quarter, missing the consensus estimate of ($1.86) by ($2.36), Zacks reports.

Spirit AeroSystems Stock Performance

Shares of NYSE SPR traded up $0.43 during midday trading on Friday, reaching $34.89. The stock had a trading volume of 1,096,899 shares, compared to its average volume of 1,182,214. The company’s 50 day moving average price is $34.07 and its 200 day moving average price is $33.25. Spirit AeroSystems has a twelve month low of $28.32 and a twelve month high of $37.08. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of -2.81 and a beta of 1.80.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SPR shares. TD Cowen raised Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th. Royal Bank of Canada reissued a “sector perform” rating and set a $37.25 target price on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. Finally, StockNews.com assumed coverage on shares of Spirit AeroSystems in a research note on Friday. They issued a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Spirit AeroSystems presently has an average rating of “Hold” and a consensus price target of $36.00.

About Spirit AeroSystems

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.