Spirit AeroSystems (SPR) to Release Earnings on Tuesday

Spirit AeroSystems (NYSE:SPR) is scheduled to release its earnings data before the market opens on Tuesday, May 7th. Analysts expect Spirit AeroSystems to post earnings of ($0.44) per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings results on Tuesday, February 6th. The aerospace company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.84). The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the business earned ($1.46) EPS. The firm’s quarterly revenue was up 37.3% compared to the same quarter last year. 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 %

NYSE:SPR opened at $32.64 on Monday. The stock’s fifty day moving average is $33.34 and its two-hundred day moving average is $29.48. Spirit AeroSystems has a 52 week low of $14.65 and a 52 week high of $36.34. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of -5.43, a price-to-earnings-growth ratio of 25.80 and a beta of 1.79.

Analyst Ratings Changes

A number of analysts have recently weighed in on SPR shares. Susquehanna upped their price objective on Spirit AeroSystems from $33.00 to $40.00 and gave the stock a “positive” rating in a research report on Friday, April 12th. Morgan Stanley cut their price objective on Spirit AeroSystems from $35.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. Citigroup started coverage on Spirit AeroSystems in a research report on Wednesday, January 17th. They set a “buy” rating and a $39.00 price objective on the stock. TD Cowen raised Spirit AeroSystems from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $27.00 to $35.00 in a research report on Thursday, February 8th. Finally, StockNews.com raised Spirit AeroSystems from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Spirit AeroSystems currently has a consensus rating of “Hold” and an average target price of $31.39.

About Spirit AeroSystems

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.