Spirit AeroSystems (SPR) to Release Quarterly Earnings on Tuesday

Spirit AeroSystems (NYSE:SPR) will be releasing its earnings data before the market opens on Tuesday, May 7th. Analysts expect Spirit AeroSystems to post earnings of ($0.44) per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Spirit AeroSystems (NYSE:SPR) last released its earnings results on Tuesday, February 6th. The aerospace company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.84). The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.74 billion. The firm’s revenue was up 37.3% on a year-over-year basis. During the same quarter last year, the firm posted ($1.46) EPS. On average, analysts expect Spirit AeroSystems to post $0 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Spirit AeroSystems Stock Performance

SPR traded down $0.87 during midday trading on Tuesday, reaching $31.74. The company had a trading volume of 505,257 shares, compared to its average volume of 3,882,584. The stock has a market cap of $3.68 billion, a PE ratio of -5.38, a P/E/G ratio of 25.45 and a beta of 1.77. The business has a 50-day moving average price of $33.07 and a two-hundred day moving average price of $29.08. Spirit AeroSystems has a 12-month low of $14.65 and a 12-month high of $36.34.

Analyst Upgrades and Downgrades

SPR has been the topic of a number of recent research reports. Truist Financial upped their price target on shares of Spirit AeroSystems from $26.00 to $30.00 and gave the company a “hold” rating in a research note on Wednesday, January 10th. KeyCorp began coverage on shares of Spirit AeroSystems in a research note on Wednesday, January 17th. They set a “sector weight” rating on the stock. Morgan Stanley decreased their target price on shares of Spirit AeroSystems from $35.00 to $33.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 7th. Citigroup initiated coverage on shares of Spirit AeroSystems in a report on Wednesday, January 17th. They issued a “buy” rating and a $39.00 price target on the stock. Finally, Stifel Nicolaus lifted their target price on shares of Spirit AeroSystems from $30.00 to $34.00 and gave the company a “hold” rating in a research note on Wednesday, March 20th. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $31.39.

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.