Spirit AeroSystems (NYSE:SPR) Releases Earnings Results, Misses Expectations By $2.87 EPS

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 analysts’ consensus estimates of ($0.16) by ($2.87), Zacks reports. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.83 billion.

Spirit AeroSystems Stock Down 0.3 %

Spirit AeroSystems stock traded down $0.08 during mid-day trading on Friday, hitting $31.58. The company had a trading volume of 537,623 shares, compared to its average volume of 3,081,113. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of -3.08 and a beta of 1.85. Spirit AeroSystems has a 1 year low of $20.98 and a 1 year high of $37.08. The business has a fifty day moving average of $33.25 and a 200 day moving average of $32.93.

Wall Street Analyst Weigh In

SPR has been the topic of a number of recent analyst reports. Stifel Nicolaus upped their target price on shares of Spirit AeroSystems from $34.00 to $37.25 and gave the company a “hold” rating in a research report on Monday, July 8th. Wolfe Research reaffirmed a “peer perform” rating on shares of Spirit AeroSystems in a research report on Wednesday, July 10th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $37.00 target price (up previously from $36.00) on shares of Spirit AeroSystems in a research report on Monday, July 8th. StockNews.com started coverage on shares of Spirit AeroSystems in a research report on Wednesday. They issued a “sell” rating on the stock. Finally, Truist Financial increased their price target 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. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $35.54.

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.