Spirit AeroSystems (SPR) Scheduled to Post Earnings on Tuesday

Spirit AeroSystems (NYSE:SPR) is scheduled to be releasing 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 listening to the company’s earnings conference call can do so using this link.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings data on Tuesday, February 6th. The aerospace company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.84). The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the prior year, the company posted ($1.46) EPS. The firm’s quarterly revenue 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 Price Performance

NYSE:SPR opened at $32.93 on Friday. The firm has a fifty day simple moving average of $33.34 and a 200 day simple moving average of $29.34. Spirit AeroSystems has a 1-year low of $14.65 and a 1-year high of $36.34.

Analyst Ratings Changes

Several research analysts have recently weighed in on SPR shares. Truist Financial boosted their price objective on shares of Spirit AeroSystems from $26.00 to $30.00 and gave the stock a “hold” rating in a research note on Wednesday, January 10th. TD Cowen upgraded Spirit AeroSystems from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $27.00 to $35.00 in a research note on Thursday, February 8th. Morgan Stanley reduced their target price on Spirit AeroSystems from $35.00 to $33.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 7th. Stifel Nicolaus increased their price target on Spirit AeroSystems from $30.00 to $34.00 and gave the company a “hold” rating in a research note on Wednesday, March 20th. Finally, KeyCorp assumed coverage on shares of Spirit AeroSystems in a research report on Wednesday, January 17th. They set a “sector weight” rating for the company. 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 stock. Based on data from MarketBeat.com, Spirit AeroSystems currently has a consensus 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.