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

Spirit AeroSystems (NYSE:SPR) issued its 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.

Spirit AeroSystems Trading Up 1.2 %

Shares of SPR stock traded up $0.43 during trading on Friday, hitting $34.89. The company’s stock had a trading volume of 1,096,899 shares, compared to its average volume of 1,182,214. The business has a fifty day moving average of $34.07 and a 200-day moving average of $33.25. The company has a market cap of $4.08 billion, a PE ratio of -2.81 and a beta of 1.80. Spirit AeroSystems has a 52 week low of $28.32 and a 52 week high of $37.08.

Wall Street Analysts Forecast Growth

SPR has been the subject of a number of recent research reports. StockNews.com assumed coverage on shares of Spirit AeroSystems in a research note on Friday. They set a “sell” rating for the company. TD Cowen raised shares of Spirit AeroSystems to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $37.25 price target on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Spirit AeroSystems currently has an average rating of “Hold” and an average price target of $36.00.

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.