Media headlines about Spirit Airlines (NASDAQ:SAVE) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Spirit Airlines earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave news headlines about the transportation company an impact score of 87 out of 100, meaning that recent news coverage is very likely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Relative Strength Alert For Spirit Airlines – Nasdaq.com – Nasdaq (nasdaq.com)
- Abortion fight rages in Kentucky, which has just 1 clinic (finance.yahoo.com)
- What to Watch When Spirit Airlines Reports Earnings (fool.com)
- Spirit Airlines, Inc. (NASDAQ:SAVE) Expected to Post Quarterly Sales of $701.85 Million (americanbankingnews.com)
- Spirit Airlines, Inc. (SAVE) stock price crosses -1.94% below 200-SMA – Street Observer (press release) (streetobserver.com)
Shares of Spirit Airlines (SAVE) traded down 2.23% during mid-day trading on Monday, reaching $49.00. 866,915 shares of the company’s stock were exchanged. The stock has a market capitalization of $3.40 billion, a PE ratio of 14.56 and a beta of 0.63. Spirit Airlines has a 1-year low of $37.17 and a 1-year high of $60.40. The company’s 50 day moving average is $53.20 and its 200 day moving average is $53.92.
Spirit Airlines (NASDAQ:SAVE) last posted its quarterly earnings data on Friday, April 28th. The transportation company reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.02. Spirit Airlines had a net margin of 9.89% and a return on equity of 18.60%. The business had revenue of $591.80 million during the quarter, compared to analyst estimates of $591.31 million. During the same quarter last year, the firm posted $1.01 earnings per share. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. Equities research analysts anticipate that Spirit Airlines will post $4.17 EPS for the current fiscal year.
Several brokerages recently issued reports on SAVE. BidaskClub cut Spirit Airlines from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Imperial Capital reissued an “outperform” rating and issued a $70.00 price objective (up from $68.00) on shares of Spirit Airlines in a research note on Thursday, April 20th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $60.00 price target (up previously from $58.00) on shares of Spirit Airlines in a research note on Saturday, April 22nd. Deutsche Bank AG boosted their price objective on Spirit Airlines from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, April 14th. Finally, Wolfe Research raised Spirit Airlines from a “market perform” rating to an “outperform” rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and three have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $63.21.
In other Spirit Airlines news, VP Edmundo Miranda sold 3,131 shares of the business’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $59.39, for a total value of $185,950.09. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.26% of the company’s stock.
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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