Spirit Airways (NYSE:SAVE – Get Rating) will probably be issuing its quarterly earnings knowledge after the market closes on Monday, February sixth. Analysts anticipate the corporate to announce earnings of $0.04 per share for the quarter. Events that want to hearken to the corporate’s convention name can accomplish that utilizing this link.
Spirit Airways Buying and selling Down 2.0 %
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NYSE SAVE opened at $19.76 on Monday. The agency’s 50-day transferring common is $20.25 and its two-hundred day transferring common is $21.19. Spirit Airways has a 12 month low of $15.92 and a 12 month excessive of $28.30. The corporate has a debt-to-equity ratio of 1.44, a present ratio of 0.93 and a fast ratio of 0.93. The inventory has a market capitalization of $2.15 billion, a P/E ratio of -5.81, a PEG ratio of 0.45 and a beta of 1.11.
Spirit Airways Dividend Announcement
The enterprise additionally lately introduced a dividend, which will probably be paid on Tuesday, January thirty first. Shareholders of file on Wednesday, January twenty fifth will probably be given a $0.10 dividend. The ex-dividend date is Tuesday, January twenty fourth. This represents a yield of 0.48%.
Wall Road Analysts Forecast Development
SAVE has been the subject of a number of analysis experiences. Deutsche Financial institution Aktiengesellschaft minimize shares of Spirit Airways from a “purchase” ranking to a “maintain” ranking and lowered their worth goal for the inventory from $27.00 to $24.00 in a analysis report on Tuesday, December twentieth. StockNews.com initiated protection on shares of Spirit Airways in a analysis report on Wednesday, October twelfth. They set a “promote” ranking on the inventory. Seaport Res Ptn reissued a “purchase” ranking on shares of Spirit Airways in a analysis report on Friday, December sixteenth. Lastly, Citigroup elevated their worth goal on shares of Spirit Airways from $22.00 to $23.00 and gave the inventory a “impartial” ranking in a analysis report on Tuesday, November 1st. Two analysis analysts have rated the inventory with a promote ranking, eight have issued a maintain ranking and one has assigned a purchase ranking to the corporate. In response to knowledge from MarketBeat, the inventory presently has a consensus ranking of “Maintain” and a mean worth goal of $26.86.
Institutional Buying and selling of Spirit Airways
Giant buyers have lately made adjustments to their positions within the firm. PenderFund Capital Administration Ltd. bought a brand new place in Spirit Airways within the first quarter valued at roughly $115,000. Point72 Hong Kong Ltd acquired a brand new place in shares of Spirit Airways within the 2nd quarter valued at $174,000. Penserra Capital Administration LLC raised its place in Spirit Airways by 59.8% within the 1st quarter. Penserra Capital Administration LLC now owns 9,348 shares of the corporate’s inventory valued at $204,000 after buying an extra 3,500 shares over the last quarter. Walleye Capital LLC acquired a brand new stake in Spirit Airways in the course of the 1st quarter value $248,000. Lastly, Allianz Asset Administration GmbH grew its place in Spirit Airways by 13.6% in the course of the 1st quarter. Allianz Asset Administration GmbH now owns 12,175 shares of the corporate’s inventory value $266,000 after buying an extra 1,458 shares over the last quarter. 67.72% of the inventory is presently owned by hedge funds and different institutional buyers.
Spirit Airways Firm Profile
Spirit Airways, Inc is an airline that provides journey to prospects. Its operations are concentrated in markets reminiscent of South Florida, the Caribbean, Latin America and the Northeast and Northern Midwest areas of the US. The agency affords journey insurance coverage, carry-on and checked baggage, on-line reserving, and different companies.
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