Spirit AeroSystems Announces Strong Second Quarter 2017 Operating Results; Signs MOU for Long-Term Agreement with Boeing to Settle Open Issues; Increases Share Repurchase Authorization up to $1 Billio

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 6/23/2026

1. SPCX
2. ABBV
3. MU
4. SPY
5. ACN
6. IBM
7. META
8. PFE
9. TSLA
10. DPZ

Go back to Spirit AeroSystems Announces Strong Second Quarter 2017 Operating Results; Signs MOU for Long-Term Agreement with Boeing to Settle Open Issues; Increases Share Repurchase Authorization up to $1 Billio

Spirit AeroSystems (SPR) PT Raised to $79 at Cowen Amid Boeing MOU

August 2, 2017 3:39 PM EDT

Cowen raised its price target on Spirit AeroSystems (NYSE: SPR) to $79.00 (from $69.00) while maintaining a Outperform rating saying the Boeing deal removes a major overhang.

Analyst Cai von Rumohr commented, "The Boeing pricing MOU meaningfully bolsters SPR's EPS and cash flow prospects... More

Spirit AeroSystems (SPR) Trades Near Highs, Up 18.75%

August 2, 2017 11:24 AM EDT

Spirit AeroSystems (NYSE: SPR) Trades Near Highs, Up 18.75%

... More

Spirit AeroSystems (SPR) Tops Q2 EPS by 36c, Lifts Guidance; Approves $1B Buyback and Signs MOU with Boeing

August 2, 2017 7:34 AM EDT

Spirit AeroSystems (NYSE: SPR) reported Q2 EPS of $1.57, $0.36 better than the analyst estimate of $1.21. Revenue for the quarter came in at $1.83 billion versus the consensus estimate of $1.75 billion.

GUIDANCE:

Spirit AeroSystems sees FY2017 EPS of $5.00-$5.25, versus the consensus of $4.81.

Board increased current share repurchase program to $1 billion

"Importantly, we are pleased to announce the exciting news that we have reached an agreement with our largest customer, Boeing, into 2022 on open commercial issues related... More