Spirit AeroSystems (SPR) to Release Earnings on Tuesday

Spirit AeroSystems (NYSE:SPR) is set to post its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect Spirit AeroSystems to post earnings of ($0.44) per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Spirit AeroSystems (NYSE:SPR) last posted its earnings results 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 business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.74 billion. The firm’s quarterly revenue was up 37.3% on a year-over-year basis. During the same period last year, the company earned ($1.46) earnings per share. 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 Down 0.9 %

SPR stock opened at $32.64 on Monday. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of -5.43, a P/E/G ratio of 25.80 and a beta of 1.79. Spirit AeroSystems has a 12 month low of $14.65 and a 12 month high of $36.34. The firm has a 50 day moving average of $33.34 and a two-hundred day moving average of $29.48.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. The Goldman Sachs Group boosted their target price on shares of Spirit AeroSystems from $26.00 to $31.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Susquehanna upped their price objective on shares of Spirit AeroSystems from $33.00 to $40.00 and gave the stock a “positive” rating in a report on Friday, April 12th. StockNews.com raised shares of Spirit AeroSystems from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. Truist Financial increased their price objective 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. Finally, Stifel Nicolaus increased their price objective 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 investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Spirit AeroSystems currently has an average rating of “Hold” and a consensus target price 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.