Spirit AeroSystems (NYSE:SPR) Issues Earnings Results

Spirit AeroSystems (NYSE:SPR - Get Free Report) posted its quarterly earnings data on Friday. The aerospace company reported ($4.22) EPS for the quarter, missing analysts' consensus estimates of ($1.86) by ($2.36), Zacks reports. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.94 billion.

Spirit AeroSystems Stock Down 3.6 %

Shares of SPR stock traded down $1.27 during trading on Tuesday, reaching $33.49. 2,110,986 shares of the company's stock were exchanged, compared to its average volume of 2,135,205. The stock has a market capitalization of $3.91 billion, a PE ratio of -2.70 and a beta of 1.80. Spirit AeroSystems has a twelve month low of $28.92 and a twelve month high of $37.08. The firm's fifty day moving average price is $34.13 and its 200-day moving average price is $33.24.

Analysts Set New Price Targets

A number of research firms have commented on SPR. TD Cowen raised shares of Spirit AeroSystems to a "strong-buy" rating in a research note on Thursday, December 19th. StockNews.com began coverage on shares of Spirit AeroSystems in a research report on Friday. They issued a "sell" rating for the company. Finally, Royal Bank of Canada reissued 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 equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Spirit AeroSystems presently has an average rating of "Hold" and a consensus price target of $36.00.

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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.