Spirit Aerosystems (NYSE:SPR - Get Free Report) issued its earnings results on Tuesday. The aerospace company reported ($3.34) earnings per share for the quarter, missing the consensus estimate of ($0.52) by ($2.82), Zacks reports. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the firm earned ($2.73) EPS. The company's revenue for the quarter was up 9.6% compared to the same quarter last year.
Spirit Aerosystems Stock Up 0.8%
Spirit Aerosystems stock opened at $39.32 on Wednesday. The firm has a market capitalization of $4.61 billion, a PE ratio of -2.16 and a beta of 1.70. Spirit Aerosystems has a 52 week low of $27.00 and a 52 week high of $42.33. The firm's 50-day simple moving average is $38.71 and its 200 day simple moving average is $35.97.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Spirit Aerosystems stock. Empowered Funds LLC increased its position in Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) by 9.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,793 shares of the aerospace company's stock after buying an additional 1,044 shares during the period. Empowered Funds LLC's holdings in Spirit Aerosystems were worth $406,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 93.59% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Susquehanna upped their price target on Spirit Aerosystems from $37.00 to $40.00 and gave the stock a "neutral" rating in a report on Monday, July 14th.
Get Our Latest Stock Analysis on SPR
About Spirit Aerosystems
(
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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.
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