Spirit AeroSystems (NYSE:SPR – Get Free Report) posted its quarterly earnings results on Monday. The aerospace company reported ($2.73) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.98) by ($1.75), Briefing.com reports. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the previous year, the business earned ($1.46) earnings per share. The company’s revenue was up 9.3% compared to the same quarter last year.
Spirit AeroSystems Trading Down 2.2 %
NYSE SPR opened at $33.55 on Tuesday. Spirit AeroSystems has a 52 week low of $14.65 and a 52 week high of $37.08. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of -3.86 and a beta of 1.84. The company has a 50-day moving average price of $33.02 and a two-hundred day moving average price of $32.05.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on SPR. Robert W. Baird restated a “neutral” rating and issued a $37.25 target price (up from $36.00) on shares of Spirit AeroSystems in a research note on Friday, July 12th. Citigroup reaffirmed a “neutral” rating and set a $37.25 price target (down previously from $39.00) on shares of Spirit AeroSystems in a research report on Wednesday, July 3rd. Benchmark reissued a “hold” rating on shares of Spirit AeroSystems in a report on Thursday, June 20th. The Goldman Sachs Group raised their price target on Spirit AeroSystems from $26.00 to $31.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Finally, Stifel Nicolaus boosted their price target on Spirit AeroSystems from $34.00 to $37.25 and gave the company a “hold” rating in a research note on Monday, July 8th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $33.60.
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.
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