News stories about Spirit Airlines (NASDAQ:SAVE) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Spirit Airlines earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news stories about the transportation company an impact score of 47.0868389194061 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Spirit Airlines to Continue Aggressive Expansion in 2018 (finance.yahoo.com)
- Spirit Airlines: Passenger Demand Still Lagging Capacity Growth (finance.yahoo.com)
- Spirit Airlines: Utilization Improves after 12-Month Decline (finance.yahoo.com)
- 2017 in Airlines (finance.yahoo.com)
- Interesting SAVE Put And Call Options For February 2018 (nasdaq.com)
A number of equities analysts recently issued reports on SAVE shares. Stifel Nicolaus reissued a “buy” rating and issued a $55.00 price objective on shares of Spirit Airlines in a report on Thursday, September 28th. Deutsche Bank decreased their price objective on Spirit Airlines from $54.00 to $42.00 and set a “buy” rating for the company in a report on Wednesday, September 6th. Citigroup increased their price objective on Spirit Airlines from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, October 27th. ValuEngine raised Spirit Airlines from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, BidaskClub raised Spirit Airlines from a “hold” rating to a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. Spirit Airlines presently has an average rating of “Hold” and a consensus price target of $43.42.
Spirit Airlines (NASDAQ:SAVE) last announced its quarterly earnings data on Thursday, October 26th. The transportation company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. Spirit Airlines had a return on equity of 15.86% and a net margin of 8.55%. The company had revenue of $687.20 million during the quarter, compared to the consensus estimate of $686.13 million. During the same quarter in the prior year, the firm earned $1.24 EPS. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. research analysts predict that Spirit Airlines will post 3.08 earnings per share for the current fiscal year.
Spirit Airlines announced that its Board of Directors has approved a share repurchase plan on Thursday, October 26th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the transportation company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.
In other news, VP John A. Bendoraitis sold 2,340 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $42.92, for a total transaction of $100,432.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.33% of the stock is currently owned by corporate insiders.
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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