Spirit AeroSystems Holdings, Inc. (SPR)

NYSE: SPR · IEX Real-Time Price · USD
30.51
-0.48 (-1.55%)
At close: May 17, 2024, 4:00 PM
30.56
+0.05 (0.16%)
After-hours: May 17, 2024, 7:56 PM EDT
-1.55%
Market Cap 3.55B
Revenue (ttm) 6.32B
Net Income (ttm) -951.70M
Shares Out 116.55M
EPS (ttm) -8.41
PE Ratio n/a
Forward PE 20.00
Dividend n/a
Ex-Dividend Date n/a
Volume 1,303,624
Open 30.95
Previous Close 30.99
Day's Range 30.32 - 31.03
52-Week Range 14.65 - 36.34
Beta 1.79
Analysts Buy
Price Target 33.13 (+8.59%)
Earnings Date May 7, 2024

About SPR

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. This segment primarily serves commercial and business/regional jet programs. The Defense & Space... [Read more]

Sector Industrials
IPO Date Nov 21, 2006
Employees 20,655
Stock Exchange NYSE
Ticker Symbol SPR
Full Company Profile

Financial Performance

In 2023, SPR's revenue was $6.05 billion, an increase of 20.25% compared to the previous year's $5.03 billion. Losses were -$616.20 million, 12.9% more than in 2022.

Financial Statements

Analyst Forecast

According to 18 analysts, the average rating for SPR stock is "Buy." The 12-month stock price forecast is $33.13, which is an increase of 8.59% from the latest price.

Price Target
$33.13
(8.59% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Can Boeing's Purchase Of Spirit AeroSystems Help Solve Its Problems?

Boeing has struggled to get back on track after the fatal 737 Max 8 crashes in 2018 and 2019. The company announced it's in talks to buy back fuselage maker Spirit AeroSystems.

Other symbols: BA
10 hours ago - CNBC

How Spirit AeroSystems fits into Boeing's rebound plan

Boeing is in talks to buy back Spirit AeroSystems, one of the biggest aerostructure companies in the world.

Other symbols: BA
14 hours ago - CNBC

Key Boeing supplier Spirit AeroSystems to lay off 450 after production of troubled 737s slows

A key Boeing supplier that makes the fuselages for its popular 737 Max airplanes is laying off about 450 workers because production has slowed down ever since a panel flew off one of those airplanes o...

2 days ago - Market Watch

Boeing Supplier Spirit AeroSystems to Lay Off Hundreds

The parts maker said it would cut 400-450 jobs in response to a slowdown in production at Boeing.

2 days ago - WSJ

Boeing supplier Spirit AeroSystems lays off workers, citing lower plane delivery rates

Spirit makes fuselages at the plant for Boeing's best-selling 737 Max plane, deliveries of which have slowed in the wake of a door panel blowout.

2 days ago - CNBC

Boeing supplier Spirit AeroSystems to lay off employees, spokesman says

Spirit AeroSystems is laying off several hundred members of its workforce in Wichita, Kan., according to a media report Thursday citing internal documents, as the company deals with high debt and slow...

2 days ago - Reuters

Spirit AeroSystems discloses buyout talks with Boeing, but stock drops after much wider-than-expected loss

Spirit AeroSystems Holdings Inc. SPR, +0.27% said Tuesday that it was “currently engaged in discussions” with Boeing Co. BA, -0.80% regarding a potential buyout of Spirit, but provided no details. Mea...

Other symbols: BA
11 days ago - Market Watch

Spirit Aero burns more cash as 737 output drops

Spirit AeroSystems reported a higher first-quarter cash burn on Tuesday, squeezed by lower 737 production at the aerospace supplier's biggest customer, Boeing.

11 days ago - Reuters

Spirit AeroSystems Reports First Quarter 2024 Results

WICHITA, Kan. , May 7, 2024 /PRNewswire/ --  First Quarter 2024 Revenues of $1.7 billion EPS of $(5.31); Adjusted EPS* of $(3.93) Cash used in operations of $416 million; Free cash flow* usage of $444...

11 days ago - PRNewsWire

Boeing supplier Spirit AeroSystems sues to block Texas safety probe

Airline parts manufacturer Spirit AeroSystems has asked a U.S. judge to block a probe by Texas Attorney General Ken Paxton, calling the state's demand for internal documents and other information unre...

Other symbols: BA
16 days ago - Reuters

Spirit Aero says it has a new plan to address Boeing 737 MAX parts demand

Spirit AeroSystems said it has developed a plan that gives it “a high degree of confidence” to meet U.S. planemaker Boeing's rate and quality expectations for parts for the 737 MAX jet, the company to...

Other symbols: BA
17 days ago - Reuters

Spirit AeroSystems to Release First Quarter 2024 Financial Results May 7

WICHITA, Kan. , April 26, 2024 /PRNewswire/ -- Spirit AeroSystems Holdings, Inc. [NYSE: SPR] will release its first quarter 2024 financial results at 6:30 a.m.

22 days ago - PRNewsWire

Spirit, Boeing enter into memorandum of agreement to improve aero supplier's issues

Spirit AeroSystems and Boeing entered into a memorandum of agreement to address issues that include the aero parts supplier's higher levels of inventory, contract assets and lower operational cash flo...

Other symbols: BA
25 days ago - Reuters

Exclusive: Spirit AeroSystems limits overtime and hiring as Boeing 737 output drops

Boeing's key supplier Spirit AeroSystems is limiting overtime and hiring as production declines due to lower output of 737 MAX jets, Spirit told Reuters on Friday.

Other symbols: BA
5 weeks ago - Reuters

Exclusive: Airbus CEO says 'not unlikely' it will take some Spirit Aero plants

The head of Airbus told Reuters it is "not unlikely" that the European planemaker takes control of two U.S. and UK plants run by Spirit Aerosystems if Boeing goes ahead with plans to buy one of the in...

Other symbols: EADSY
5 weeks ago - Reuters

Exclusive: Boeing, Airbus exploring framework to divvy up Spirit Aero's operations, sources say

Boeing and Airbus are edging towards a potentially coordinated deal to split operations of troubled supplier Spirit AeroSystems , taking on plants needed to support their top jet programs, people fami...

Other symbols: BAEADSY
6 weeks ago - Reuters

Glass Lewis recommends investors vote against two Spirit Aero directors

Proxy advisory firm Glass Lewis has recommended Spirit AeroSystems shareholders vote against the election of two directors, including the head of the aero parts supplier's risk committee, Ronald Kadis...

6 weeks ago - Reuters

Texas AG Ken Paxton announces investigation into Boeing supplier's operations

Texas Attorney General Ken Paxton on Thursday announced an investigation into Boeing parts supplier Spirit AeroSystems regarding its operations, as well as the company's diversity, equity and inclusio...

Other symbols: BA
7 weeks ago - New York Post

Texas attorney general is investigating Boeing supplier Spirit AeroSystems, including its diversity practices

DALLAS — The Texas attorney general has opened an investigation into a key Boeing supplier that is already facing scrutiny from federal regulators over the quality of parts that it provides to the air...

Other symbols: BA
7 weeks ago - Market Watch

Texas AG launches probe into Boeing supplier operations, DEI commitments

Boeing supplier Spirit AeroSystems is facing an investigation launched by Texas Attorney General Ken Paxton into its handling of manufacturing defects and DEI commitments.

Other symbols: BA
7 weeks ago - Fox Business

Texas AG Will Investigate Spirit AeroSystems, Probe Diversity Program

Texas Attor­ney Gen­er­al Ken Pax­ton has opened an inves­ti­ga­tion into Boeing BA sup­pli­er Spirit AeroSystems SPR Holdings, Inc., which will examine “reoccurring issues with certain airplane parts...

7 weeks ago - Forbes

Boeing CFO: Spirit AeroSystems Buy Back “Best For Safety And Quality”

During Wednesday's presentation at the Bank of America BAC Global Industrials Conference, Boeing's Chief Financial Officer, Brian J. West said, “Reintegrating these two companies is what's best for sa...

Other symbols: BA
2 months ago - Forbes

Boeing reportedly wants to cut Spirit AeroSystems ties with rival Airbus

Boeing Co (NYSE: BA) is in focus today following a report that it's exploring ways to cut or at least minimise Spirit AeroSystems Inc ties (NYSE: SPR) with rival Airbus SE.

Other symbols: BAEADSY
2 months ago - Invezz

Exclusive: Boeing mulls shedding Airbus work in potential Spirit Aero deal

Boeing is looking at how Spirit AeroSystems could shed or sharply reduce its ties to Airbus , as the supply-chain giant's work for the European planemaker poses complications in rival Boeing's attempt...

Other symbols: BAEADSY
2 months ago - Reuters

Boeing's deal with Spirit AeroSystems puts it on 'the path to normalization,' analyst says

Boeing (BA) has been in talks to acquire Spirit AeroSystems (SPR), a move aimed at increasing oversight of the company's manufacturing processes in the wake of a January safety incident. Stifel Resear...

Other symbols: BA
2 months ago - Yahoo Finance