Spirit AeroSystems (SPR) to Release Quarterly Earnings on Tuesday

Spirit AeroSystems (NYSE:SPR - Get Free Report) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.44) per share for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The aerospace company reported $0.48 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.84). The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the business earned ($1.46) earnings per share. Spirit AeroSystems's revenue was up 37.3% compared to the same quarter last year. 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 Price Performance

Shares of Spirit AeroSystems stock traded down $0.63 during trading on Tuesday, hitting $31.98. 1,871,133 shares of the company's stock traded hands, compared to its average volume of 3,899,457. Spirit AeroSystems has a 1 year low of $14.65 and a 1 year high of $36.34. The stock has a market capitalization of $3.71 billion, a P/E ratio of -5.38, a PEG ratio of 25.45 and a beta of 1.77. The business has a 50-day simple moving average of $33.07 and a 200-day simple moving average of $29.08.

Analysts Set New Price Targets

Several research analysts have issued reports on SPR shares. Truist Financial raised their target price on Spirit AeroSystems from $26.00 to $30.00 and gave the stock a "hold" rating in a research report on Wednesday, January 10th. Stifel Nicolaus boosted their price target on Spirit AeroSystems from $30.00 to $34.00 and gave the company a "hold" rating in a research note on Wednesday, March 20th. StockNews.com upgraded Spirit AeroSystems from a "sell" rating to a "hold" rating in a research note on Wednesday, February 7th. Citigroup started coverage on Spirit AeroSystems in a research note on Wednesday, January 17th. They set a "buy" rating and a $39.00 price target for the company. Finally, Susquehanna boosted their price target on Spirit AeroSystems from $33.00 to $40.00 and gave the company a "positive" rating in a research note on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Spirit AeroSystems presently has a consensus 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.