In the last trading session, 4.26 million shares of the Spirit Aerosystems Holdings Inc (NYSE:SPR) were traded, and its beta was 1.78. Most recently the company’s share price was $32.13, and it changed around -$0.77 or -2.34% from the last close, which brings the market valuation of the company to $3.73B. SPR currently trades at a discount to its 52-week high of $36.34, offering almost -13.1% off that amount. The share price’s 52-week low was $14.65, which indicates that the current value has risen by an impressive 54.4% since then. We note from Spirit Aerosystems Holdings Inc’s average daily trading volume that its 3-month average coming to 3.59 million.
Spirit Aerosystems Holdings Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.15. If we narrow it down even further, the data shows that 2 out of 23 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 8 recommended SPR as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight. Spirit Aerosystems Holdings Inc is expected to report earnings per share of -$0.48 for the current quarter.
Spirit Aerosystems Holdings Inc (NYSE:SPR) trade information
Instantly SPR has showed a red trend with a performance of -2.34% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently up 1.10% year-to-date, but still down -4.77% over the last five days. On the other hand, Spirit Aerosystems Holdings Inc (NYSE:SPR) is -6.76% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $49.64, which translates to bulls needing to increase their stock price by 35.27% from its current value. Analyst projections state that SPR is forecast to be at a low of $25 and a high of $70.
Spirit Aerosystems Holdings Inc (SPR) estimates and forecasts
Spirit Aerosystems Holdings Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 49.93 percent over the past six months and at a 103.73% annual growth rate that is well above the industry average of 13.20%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 71.60% in revenue this quarter, and will report an increase of 84.90% in the next quarter. The year-over-year growth rate is expected to be 20.50%, up from the previous year.
Consensus estimates provided by 17 financial analysts predict the company will bring in an average of $1.63 billion in revenue for the current quarter. 17 analysts expect Spirit Aerosystems Holdings Inc to make $1.75 billion in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $1.52 billion and $1.36 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 7.20%. Forecasts for the next quarter put sales growth at 28.30%.
Spirit Aerosystems Holdings Inc earnings are expected to increase by 96.07% in 2024, but the outlook is positive 8.50% per year for the next five years.
SPR Dividends
Spirit Aerosystems Holdings Inc’s next quarterly earnings report is expected to be released in May.
