Spirit AeroSystems (NYSE:SPR) Announces Earnings Results

Spirit AeroSystems (NYSE:SPR) announced its earnings results on Friday. The aerospace company reported ($4.22) earnings per share for the quarter, missing the consensus estimate of ($1.86) by ($2.36), Zacks reports.

Spirit AeroSystems Price Performance

Shares of SPR stock traded up $0.43 during mid-day trading on Friday, hitting $34.89. The stock had a trading volume of 1,097,376 shares, compared to its average volume of 1,182,214. Spirit AeroSystems has a 12-month low of $28.32 and a 12-month high of $37.08. The firm’s 50-day moving average is $34.07 and its two-hundred day moving average is $33.25. The firm has a market capitalization of $4.08 billion, a P/E ratio of -2.81 and a beta of 1.80.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. StockNews.com started coverage on shares of Spirit AeroSystems in a research report on Friday. They issued a “sell” rating on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $37.25 target price on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. Finally, TD Cowen raised Spirit AeroSystems to a “strong-buy” rating in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $36.00.

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.