Spirit AeroSystems (NYSE:SPR) Releases Quarterly Earnings Results

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

Spirit AeroSystems Price Performance

NYSE:SPR traded down $0.15 during trading hours on Friday, reaching $31.51. The company’s stock had a trading volume of 345,510 shares, compared to its average volume of 3,080,185. Spirit AeroSystems has a one year low of $20.98 and a one year high of $37.08. The business’s 50-day moving average is $33.25 and its 200-day moving average is $32.93. The company has a market cap of $3.67 billion, a price-to-earnings ratio of -3.08 and a beta of 1.85.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. UBS Group boosted their price target on shares of Spirit AeroSystems from $33.00 to $34.00 and gave the company a “neutral” rating in a report on Monday, July 1st. Sanford C. Bernstein reissued a “market perform” rating on shares of Spirit AeroSystems in a research note on Monday, July 8th. Robert W. Baird reaffirmed a “neutral” rating and issued a $37.25 target price (up previously from $36.00) on shares of Spirit AeroSystems in a research report on Friday, July 12th. Wolfe Research reiterated a “peer perform” rating on shares of Spirit AeroSystems in a report on Wednesday, July 10th. Finally, Baird R W downgraded Spirit AeroSystems from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Spirit AeroSystems presently has a consensus rating of “Hold” and an average price target 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.