Spirit Airlines Incorporated (NASDAQ:SAVE) – Analysts at Imperial Capital boosted their Q1 2018 earnings per share estimates for shares of Spirit Airlines in a research note issued on Wednesday, April 11th. Imperial Capital analyst M. Derchin now anticipates that the transportation company will post earnings of $0.44 per share for the quarter, up from their prior estimate of $0.35. Imperial Capital currently has a “Outperform” rating and a $52.00 target price on the stock. Imperial Capital also issued estimates for Spirit Airlines’ Q2 2018 earnings at $1.09 EPS, Q3 2018 earnings at $0.92 EPS and FY2019 earnings at $4.20 EPS.
Spirit Airlines (NASDAQ:SAVE) last issued its earnings results on Tuesday, February 6th. The transportation company reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.02. Spirit Airlines had a net margin of 8.55% and a return on equity of 15.86%. The firm had revenue of $667.00 million during the quarter, compared to analysts’ expectations of $666.12 million. During the same quarter last year, the company posted $0.77 earnings per share. The firm’s revenue was up 15.3% compared to the same quarter last year.
Shares of Spirit Airlines stock opened at $35.75 on Thursday. 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 has a 1 year low of $30.32 and a 1 year high of $60.28.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mountain Lake Investment Management LLC increased its holdings in Spirit Airlines by 113.9% in the fourth quarter. Mountain Lake Investment Management LLC now owns 385,000 shares of the transportation company’s stock valued at $17,267,000 after buying an additional 205,000 shares in the last quarter. Honeywell International Inc. purchased a new position in Spirit Airlines in the fourth quarter valued at $17,043,000. Teacher Retirement System of Texas purchased a new position in Spirit Airlines in the fourth quarter valued at $263,000. Millennium Management LLC increased its stake in shares of Spirit Airlines by 124.7% during the fourth quarter. Millennium Management LLC now owns 1,268,934 shares of the transportation company’s stock worth $56,912,000 after purchasing an additional 704,259 shares in the last quarter. Finally, Schroder Investment Management Group increased its stake in shares of Spirit Airlines by 15.7% during the fourth quarter. Schroder Investment Management Group now owns 1,526,134 shares of the transportation company’s stock worth $68,447,000 after purchasing an additional 206,654 shares in the last quarter.
In other Spirit Airlines news, COO John A. Bendoraitis sold 1,690 shares of Spirit Airlines stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $44.63, for a total value of $75,424.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.33% of the stock is currently owned by insiders.
WARNING: This news story was originally published by Dakota Financial News and is owned by of Dakota Financial News. If you are viewing this news story on another publication, it was illegally copied and republished in violation of U.S. & international copyright and trademark law. The original version of this news story can be read at https://dakotafinancialnews.com/2018/04/12/q1-2018-eps-estimates-for-spirit-airlines-incorporated-increased-by-imperial-capital-save.html.
Spirit Airlines Company Profile
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.
Receive News & Ratings for Spirit Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirit Airlines and related companies with MarketBeat.com's FREE daily email newsletter.