Revenue Update on Spirit AeroSystems Holdings(NYSE:SPR)

Spirit AeroSystems Holdings(NYSE:SPR) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $1.83B. Analysts estimated a revenue of $1.68B. Earnings per share were $1.21. Analysts had estimated an EPS of $1.07.

In a different note, On Jul 11, 2016, Deutsche Bank said it Maintains its rating on Spirit AeroSystems Holdings. In the research note, the firm Lowers the price-target to $53.00 per share. The shares have been rated ‘Hold’ by the firm. On Jul 7, 2016, JP Morgan said it Maintains its rating on Spirit AeroSystems Holdings. In the research note, the firm Lowers the price-target to $62.00 per share. The shares have been rated ‘Overweight’ by the firm. Morgan Stanley said it Initiates Coverage on Spirit AeroSystems Holdings, according to a research note issued on Jun 23, 2016. The shares have been rated ‘Overweight’ by the firm. On Jun 9, 2016, Barclays said it Maintains its rating on Spirit AeroSystems Holdings. In the research note, the firm Lowers the price-target to $56.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jun 9, 2016, Buckingham Research said it Upgrades its rating on Spirit AeroSystems Holdings. The shares have been rated ‘Neutral’ by the firm.

Spirit AeroSystems Holdings (SPR) made into the market gainers list on Fridays trading session with the shares advancing 0.11% or 0.05 points. Due to strong positive momentum, the stock ended at $44.33, which is also near the day’s high of $44.415. The stock began the session at $44.25 and the volume stood at 12,24,053 shares. The 52-week high of the shares is $56.53 and the 52 week low is $40.03. The company has a current market capitalization of $5,721 M and it has 12,90,50,477 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 19, 2016, John A Pilla (SVP & CTO) sold 8,688 shares at $43.56 per share price.Also, 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.

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