Spirit AeroSystems Holdings (SPR) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $1.21 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.15. Analysts had a consensus of $1.06. The company posted revenue of $1829.90 million in the period, compared to analysts expectations of $1683.23 million. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.11 EPS.
Many Wall Street Analysts have commented on Spirit AeroSystems Holdings. Spirit AeroSystems Holdings was Downgraded by Wells Fargo to ” Market Perform” on Jun 30, 2016. Spirit AeroSystems Holdings was Initiated by Morgan Stanley to “Overweight” on Jun 23, 2016. Spirit AeroSystems Holdings was Upgraded by Buckingham Research to ” Neutral” on Jun 9, 2016.
Spirit AeroSystems Holdings closed down -0.49 points or -1.13% at $42.96 with 17,28,137 shares getting traded on Tusday. Post opening the session at $43.36, the shares hit an intraday low of $42.7 and an intraday high of $43.37 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Jul 19, 2016, John A Pilla (SVP & CTO) sold 8,688 shares at $43.56 per share price. According to the SEC, on Jun 29, 2016, Duane F Hawkins (SVP/GM) sold 9,923 shares at $42.09 per share price. On Jun 7, 2016, Samantha J. Marnick (SVP/CAO) sold 22,715 shares at $46.51 per share price, according to the Form-4 filing with the securities and exchange commission.
Spirit AeroSystems Holdings Inc. is an independent non-original equipment manufacturer (OEM) aircraft parts designer and manufacturer of commercial aero structures. The Company operates in three segments: Fuselage Systems Propulsion Systems and Wing Systems. Fuselage Systems segment develops produces and markets forward mid and rear fuselage sections and systems primarily to aircraft OEMs as well as related spares and maintenance repair and overhaul support and services (MRO). The Propulsion Systems segment develops produces and markets struts/pylons nacelles (including thrust reversers) and related engine structural components primarily to aircraft or engine OEMs as well as related spares and MRO services. The Wing Systems segment develops produces and markets forward wings and wing components (including flight control surfaces) and other miscellaneous structural parts primarily to aircraft OEMs as well as related spares and MRO services.