Spirit AeroSystems (NYSE:SPR) Posts Earnings Results, Misses Estimates By $0.64 EPS

Spirit AeroSystems (NYSE:SPR) announced its earnings results on Tuesday. The aerospace company reported ($1.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.67) by ($0.64), MarketWatch Earnings reports. Spirit AeroSystems had a negative net margin of 11.29% and a negative return on equity of 26.56%. The business had revenue of $877.00 million for the quarter, compared to the consensus estimate of $885.27 million. During the same quarter last year, the firm posted $0.79 earnings per share. The business’s quarterly revenue was down 55.2% compared to the same quarter last year.

SPR traded down $0.32 during trading on Tuesday, reaching $42.43. The company had a trading volume of 91,417 shares, compared to its average volume of 2,795,405. The company has a quick ratio of 1.62, a current ratio of 2.41 and a debt-to-equity ratio of 2.27. The business has a 50 day simple moving average of $38.80 and a 200-day simple moving average of $29.18. The stock has a market cap of $4.48 billion, a P/E ratio of -8.72 and a beta of 2.04. Spirit AeroSystems has a 52 week low of $13.69 and a 52 week high of $63.97.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 9th. Investors of record on Friday, March 19th will be issued a dividend of $0.01 per share. The ex-dividend date is Thursday, March 18th. This represents a $0.04 annualized dividend and a yield of 0.09%. Spirit AeroSystems’s payout ratio is presently 0.72%.

SPR has been the subject of a number of recent research reports. Jefferies Financial Group raised shares of Spirit AeroSystems from a “hold” rating to a “buy” rating and boosted their price objective for the company from $24.00 to $40.00 in a research report on Wednesday, November 18th. Wolfe Research lowered Spirit AeroSystems from an “outperform” rating to a “peer perform” rating in a report on Friday, December 4th. Cowen upgraded Spirit AeroSystems from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $21.00 to $28.00 in a research report on Wednesday, November 4th. UBS Group raised Spirit AeroSystems from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $19.00 to $50.00 in a research report on Monday, December 7th. Finally, JPMorgan Chase & Co. increased their target price on shares of Spirit AeroSystems from $36.00 to $45.00 and gave the stock an “overweight” rating in a report on Tuesday, December 15th. Four analysts have rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $35.30.

Spirit AeroSystems Company Profile

Spirit AeroSystems Holdings, Inc designs, manufactures, and supplies commercial aero structures in the United States and internationally. The company operates in three segments: Fuselage Systems, Propulsion Systems, and Wing Systems. The Fuselage Systems segment develops, produces, and markets forward, mid, and rear fuselage sections and systems primarily to aircraft original equipment manufacturers (OEMs); and related spares, as well as maintenance, repairs, and overhaul (MRO) services.

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