Spirit AeroSystems (NYSE:SPR) Issues Earnings Results, Misses Estimates By $3.49 EPS

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

Spirit AeroSystems Price Performance

Shares of Spirit AeroSystems stock traded down $0.13 during midday trading on Thursday, reaching $30.77. The company had a trading volume of 1,772,914 shares, compared to its average volume of 3,802,523. The firm has a market cap of $3.57 billion, a PE ratio of -5.10, a P/E/G ratio of 25.80 and a beta of 1.79. The stock has a fifty day moving average price of $33.53 and a 200 day moving average price of $29.65. Spirit AeroSystems has a fifty-two week low of $14.65 and a fifty-two week high of $36.34.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SPR shares. StockNews.com upgraded shares of Spirit AeroSystems from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. Morgan Stanley cut their price objective on Spirit AeroSystems from $35.00 to $33.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 7th. Stifel Nicolaus lifted their price target on Spirit AeroSystems from $30.00 to $34.00 and gave the stock a “hold” rating in a research report on Wednesday, March 20th. Susquehanna upped their price target on Spirit AeroSystems from $33.00 to $40.00 and gave the stock a “positive” rating in a report on Friday, April 12th. Finally, Truist Financial raised their price objective on shares of Spirit AeroSystems from $26.00 to $30.00 and gave the stock a “hold” rating in a research note on Wednesday, January 10th. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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.