Spirit AeroSystems Holdings, Inc. (SPR) reported a second-quarter 2024 adjusted loss of $2.73 per share, which came in much wider than the Zacks Consensus Estimate of a loss of 98 cents per share. The loss also widened from the year-ago quarter's reported loss of $1.46 per share. Barring one-time adjustments, Spirit AeroSystems recorded a GAAP loss of $3.56 per share compared with a loss of $1.96 in the prior-year period. The year-over-year deterioration in the bottom line can be attributed to a higher oper ...

Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that anal ...

Company Overview - Spirit AeroSystems Holdings, Inc. is one of the largest manufacturers of aerostructures for commercial airplanes, defense platforms, and business/regional jets, specializing in aluminum and advanced composite manufacturing solutions [2] - The company's core products include fuselages, integrated wings and wing components, pylons, and nacelles, leveraging decades of design and manufacturing expertise [2] - Spirit AeroSystems also serves the aftermarket for commercial and business/regional jets and has facilities in the U.S., U.K., France, Malaysia, and Morocco [2] Recent Developments - The company will release its second quarter 2024 financial results after the market closes on August 5, 2024, which will be available on its website [1] - In light of the recent merger agreement with The Boeing Company, Spirit has suspended its quarterly earnings conference calls [1]

Spirit AeroSystems Holdings, Inc. (NYSE: SPR)'s sale to The Boeing Company. If you are a Spirit shareholder, click here to learn more about your rights and options. Morphic Holding, Inc. (NASDAQ: MORF)'s sale to Eli Lilly and Company for $57.00 per share in cash. If you are a Morphic shareholder, click here to learn more about your rights and options. Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relie ...

Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Spirit AeroSystems Holdings, Inc. (NYSE: SPR), relating to its proposed merger with The Boeing Company. Under the terms of the agreement, Spirit shareholders will receive $37.25 in cash at closing per share of Spirit common stock t ...

Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Spirit AeroSystems Holdings, Inc. (NYSE: SPR), relating to its proposed merger with The Boeing Company. Under the terms of the agreement, Spirit shareholders will receive $37.25 in cash at closing per share of Spirit common stock t ...

NEW YORK, July 1, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Spirit AeroSystems (NYSE: SPR) and its board of directors concerning the proposed acquisition of the company by The Boeing Company (NYSE: BA). Stockholders will receive $37.25 in shares of Boeing common stock for each share of Spirit AeroSystems stock that they hold. The transaction is valued at approximately $8.3 billion and is expected to close in mid-2025. If you are a stockholder of Spirit Aero ...

Airplane parts supplier Spirit AeroSystems (NYSE:SPR) is trending, and SPR stock is up about 4% today. The shares are climbing, and Spirit is attracting attention because Boeing (NYSE:BA) agreed to buy the firm for $4.7 billion. BA stock is up about 3.5% this morning. Boeing agreed to pay $37.25 per share for Spirit. The airplane maker stated that the acquisition "is in the best interest of the flying public, our airline customers, the employees of Spirit and Boeing, our shareholders and the country more br ...

MILWAUKEE, July 1, 2024 /PRNewswire/ -- Ademi LLP is investigating Spirit (NYSE: SPR) for possible breaches of fiduciary duty and other violations of law in its transaction with Boeing. Spirit stockholders will receive Boeing common stock equal to an exchange ratio calculated as $37.25 divided by the volume weighted average share price of Boeing common stock over the 15-trading-day period ending on the second trading day prior to the closing, subject to a floor of $149.00 per share of Boeing common stock an ...

Enters into Term Sheet for Airbus to Assume Ownership of Certain Airbus Program Assets Spirit also announced today that it entered into a binding term sheet with Airbus SE [EUR: AIR.PA] ("Airbus"). Under the term sheet, the parties will continue to negotiate in good faith to enter into definitive agreements for Airbus to acquire certain Spirit assets that serve Airbus programs, concurrently with the closing of Spirit's acquisition by Boeing. Under the terms of the definitive merger agreement with Boeing, Sp ...