Spirit AeroSystems (NYSE:SPR) Announces Earnings Results, Misses Estimates By $2.87 EPS

Spirit AeroSystems (NYSE:SPR) issued its quarterly earnings results on Wednesday. The aerospace company reported ($3.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($2.87), Zacks reports. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.83 billion.

Spirit AeroSystems Trading Down 0.7 %

Shares of NYSE:SPR opened at $31.44 on Friday. The stock has a market capitalization of $3.66 billion, a PE ratio of -3.62 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 firm has a fifty day moving average price of $33.17 and a 200 day moving average price of $32.92.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Stifel Nicolaus upped their price target on Spirit AeroSystems from $34.00 to $37.25 and gave the company a “hold” rating in a report on Monday, July 8th. Baird R W lowered Spirit AeroSystems from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 12th. StockNews.com started coverage on Spirit AeroSystems in a research report on Wednesday. They issued a “sell” rating for the company. Royal Bank of Canada restated a “sector perform” rating and set a $37.25 price objective on shares of Spirit AeroSystems in a report on Tuesday, August 20th. Finally, Truist Financial raised their target price on shares of Spirit AeroSystems from $30.00 to $35.00 and gave the stock a “hold” rating in a report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Spirit AeroSystems presently has an average rating of “Hold” and an average price target 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.