Spirit Airlines Incorporated (NASDAQ:SAVE) SVP Rocky Wiggins sold 566 shares of the company’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $47.89, for a total value of $27,105.74. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of SAVE traded up $0.32 during mid-day trading on Wednesday, reaching $48.79. The company’s stock had a trading volume of 1,265,400 shares, compared to its average volume of 1,315,213. Spirit Airlines Incorporated has a 12-month low of $32.33 and a 12-month high of $49.17. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77.
Spirit Airlines (NASDAQ:SAVE) last released its quarterly earnings data on Wednesday, July 25th. The transportation company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.02. Spirit Airlines had a return on equity of 15.86% and a net margin of 8.55%. The business had revenue of $851.80 million for the quarter, compared to the consensus estimate of $851.83 million. During the same quarter in the prior year, the business posted $1.14 EPS. The business’s revenue for the quarter was up 21.4% on a year-over-year basis. analysts expect that Spirit Airlines Incorporated will post 3.08 earnings per share for the current year.
Several brokerages have weighed in on SAVE. Zacks Investment Research downgraded Spirit Airlines from a “buy” rating to a “hold” rating in a report on Wednesday. Buckingham Research set a $61.00 price target on Spirit Airlines and gave the stock a “buy” rating in a report on Thursday, August 30th. BidaskClub upgraded Spirit Airlines from a “buy” rating to a “strong-buy” rating in a report on Friday, August 31st. Macquarie upped their price target on Spirit Airlines from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, August 28th. Finally, Imperial Capital upped their price target on Spirit Airlines from $53.00 to $61.00 and gave the stock an “outperform” rating in a report on Friday, July 27th. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $53.15.
About Spirit Airlines
Spirit Airlines, Inc is an airline company. The Company provides air transportation for passengers. As of December 31, 2016, its all-Airbus Fit Fleet operated over 420 daily flights to 59 destinations in the United States, Caribbean and Latin America. As of December 31, 2016, it had a fleet of 95 Airbus single-aisle aircraft, which are referred to as A320 family aircraft and include the A319, A320 and A321 models, which have common design and equipment but differ most notably in fuselage length, service range and seat capacity.
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