Spirit AeroSystems (NYSE:SPR – Get Free Report) released its quarterly earnings results on Tuesday. The aerospace company reported ($3.93) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.44) by ($3.49), Briefing.com reports. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the business posted ($1.69) earnings per share. The company’s revenue was up 19.0% on a year-over-year basis.
Spirit AeroSystems Price Performance
Shares of SPR stock traded down $0.09 on Friday, hitting $30.68. The company’s stock had a trading volume of 400,194 shares, compared to its average volume of 3,767,188. Spirit AeroSystems has a fifty-two week low of $14.65 and a fifty-two week high of $36.34. The firm’s fifty day moving average price is $33.57 and its 200-day moving average price is $29.66. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of -5.08, a P/E/G ratio of 25.80 and a beta of 1.79.
Wall Street Analyst Weigh In
Several research firms have issued reports on SPR. Morgan Stanley decreased their price target on shares of Spirit AeroSystems from $35.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. Citigroup started coverage on shares of Spirit AeroSystems in a research report on Wednesday, January 17th. They issued a “buy” rating and a $39.00 price target on the stock. KeyCorp started coverage on shares of Spirit AeroSystems in a research report on Wednesday, January 17th. They set a “sector weight” rating on the stock. Royal Bank of Canada lifted their price objective on shares of Spirit AeroSystems from $33.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Finally, StockNews.com cut shares of Spirit AeroSystems from a “hold” rating to a “sell” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Spirit AeroSystems currently has an average rating of “Hold” and an average target price 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.
Further Reading
- Five stocks we like better than Spirit AeroSystems
- EV Stocks and How to Profit from Them
- Bounce Alert: 3 Large Caps With RSIs Too Good To Ignore
- Using the MarketBeat Dividend Tax Calculator
- Unity Software’s Mixed Q1, But Long-Term Outlook Remains Positive
- Technology Stocks Explained: Here’s What to Know About Tech
- JFrog Stock Gets Punished for Solid Results: Buy the Dip
Receive News & Ratings for Spirit AeroSystems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirit AeroSystems and related companies with MarketBeat.com's FREE daily email newsletter.