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Republic Airways Holdings Inc. (NASDAQ:RJET) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.35-0.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.34, AnalystRatings.Net reports. The company issued revenue guidance of $340-350 million, compared to the consensus revenue estimate of $353.12 million.

Shares of Republic Airways Holdings Inc. (NASDAQ:RJET) traded down 1.87% on Wednesday, hitting $10.51. 586,881 shares of the company’s stock traded hands. Republic Airways Holdings Inc. has a 52-week low of $7.82 and a 52-week high of $13.92. The stock has a 50-day moving average of $10.64 and a 200-day moving average of $9.78. The company has a market cap of $523.2 million and a price-to-earnings ratio of 13.78.

Republic Airways Holdings (NASDAQ:RJET) last announced its earnings results on Wednesday, April 30th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.18 by $0.09. On average, analysts predict that Republic Airways Holdings Inc. will post $1.31 earnings per share for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Republic Airways Holdings from an outperform rating to a neutral rating in a research note on Wednesday, July 2nd. They now have a $12.20 price target on the stock. On a related note, analysts at Imperial Capital raised their price target on shares of Republic Airways Holdings from $13.00 to $17.00 in a research note on Thursday, June 12th. They now have an outperform rating on the stock. Finally, analysts at Cowen and Company cut their price target on shares of Republic Airways Holdings from $10.00 to $9.00 in a research note on Thursday, May 1st. They now have a market perform rating on the stock. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $12.64.

In other Republic Airways Holdings news, Insider Wayne C. Heller sold 5,000 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $11.00, for a total transaction of $55,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Republic Airways Holdings Inc is a holding company. The Company offers scheduled passenger services through its wholly-owned operating air carrier subsidiaries: Chautauqua Airlines, Inc (NASDAQ:RJET), Shuttle America Corporation (Shuttle), Republic Airline Inc (Republic Airline) and Frontier Airlines, Inc (Frontier).

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