Spirit AeroSystems (SPR) to Release Quarterly Earnings on Tuesday

Spirit AeroSystems (NYSE:SPR) is scheduled to issue 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 wish to register for the company’s conference call can do so using this link.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings results on Tuesday, February 6th. The aerospace company reported $0.48 earnings per share (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 analysts’ expectations of $1.74 billion. During the same quarter last year, the company earned ($1.46) EPS. The firm’s revenue for the quarter was up 37.3% on a year-over-year basis. 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 Trading Down 2.7 %

SPR traded down $0.87 on Tuesday, hitting $31.74. 505,257 shares of the stock traded hands, compared to its average volume of 3,882,584. Spirit AeroSystems has a 52 week low of $14.65 and a 52 week high of $36.34. The firm has a market capitalization of $3.68 billion, a PE ratio of -5.38, a P/E/G ratio of 25.45 and a beta of 1.77. The business has a fifty day moving average price of $33.07 and a two-hundred day moving average price of $29.08.

Analysts Set New Price Targets

A number of research firms have weighed in on SPR. TD Cowen raised Spirit AeroSystems from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $27.00 to $35.00 in a report on Thursday, February 8th. Citigroup began coverage on Spirit AeroSystems in a report on Wednesday, January 17th. They set a “buy” rating and a $39.00 price objective on the stock. The Goldman Sachs Group lifted their price objective on Spirit AeroSystems from $26.00 to $31.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Truist Financial lifted their price objective on Spirit AeroSystems from $26.00 to $30.00 and gave the company a “hold” rating in a report on Wednesday, January 10th. Finally, StockNews.com raised Spirit AeroSystems from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.