Spirit AeroSystems (NYSE:SPR) Announces Earnings Results, Misses Expectations By $2.36 EPS

Spirit AeroSystems (NYSE:SPRGet Free Report) announced its quarterly earnings results on Friday. The aerospace company reported ($4.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.86) by ($2.36), Zacks reports. The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.94 billion.

Spirit AeroSystems Price Performance

SPR stock opened at $34.89 on Friday. The company’s 50 day simple moving average is $34.11 and its 200-day simple moving average is $33.25. Spirit AeroSystems has a 12 month low of $28.32 and a 12 month high of $37.08. The firm has a market capitalization of $4.08 billion, a PE ratio of -2.81 and a beta of 1.80.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $37.25 target price on shares of Spirit AeroSystems in a report on Tuesday, February 11th. TD Cowen raised shares of Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th. Finally, StockNews.com assumed coverage on shares of Spirit AeroSystems in a report on Friday. They issued a “sell” rating for the company. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $36.00.

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About Spirit AeroSystems

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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

Earnings History for Spirit AeroSystems (NYSE:SPR)

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