Spirit AeroSystems (NYSE:SPR) Announces Earnings Results, Misses Estimates By $3.11 EPS

Spirit AeroSystems (NYSE:SPR - Get Free Report) announced its quarterly earnings data on Thursday. The aerospace company reported ($4.25) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.14) by ($3.11), Zacks reports. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the company earned ($3.93) earnings per share. Spirit AeroSystems's revenue for the quarter was down 10.6% compared to the same quarter last year.

Spirit AeroSystems Stock Performance

SPR traded down $0.08 during trading on Tuesday, hitting $35.77. 789,732 shares of the stock were exchanged, compared to its average volume of 2,006,934. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of -2.88 and a beta of 1.63. Spirit AeroSystems has a 1 year low of $27.00 and a 1 year high of $37.08. The firm has a 50 day simple moving average of $33.82 and a 200 day simple moving average of $33.40.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. StockNews.com started coverage on Spirit AeroSystems in a research report on Saturday, March 8th. They set a "hold" rating on the stock. Royal Bank of Canada reiterated a "sector perform" rating and issued a $37.25 target price on shares of Spirit AeroSystems in a report on Tuesday, February 11th. Fourteen analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Spirit AeroSystems has a consensus rating of "Hold" and an average target price of $36.56.

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.