Spirit Airlines Director Sells $163,200 in Stock (SAVE)
Spirit Airlines (NASDAQ:SAVE) Director Robert D. Johnson sold 2,500 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $65.28, for a total value of $163,200.00. Following the transaction, the director now directly owns 4,379 shares of the company’s stock, valued at approximately $285,861. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Spirit Airlines (NASDAQ:SAVE) traded up 2.15% on Monday, hitting $67.93. The stock had a trading volume of 562,736 shares. Spirit Airlines has a 52-week low of $29.65 and a 52-week high of $70.00. The stock has a 50-day moving average of $65.13 and a 200-day moving average of $58.47. The company has a market cap of $4.941 billion and a price-to-earnings ratio of 23.59.
Spirit Airlines (NASDAQ:SAVE) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.91 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.89 by $0.02. The company had revenue of $499.30 million for the quarter, compared to the consensus estimate of $497.77 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 22.6% on a year-over-year basis. Analysts expect that Spirit Airlines will post $3.10 EPS for the current fiscal year.
SAVE has been the subject of a number of recent research reports. Analysts at Barclays reiterated a “buy” rating on shares of Spirit Airlines in a research note on Thursday, July 31st. They now have a $79.00 price target on the stock, up previously from $78.00. Separately, analysts at Stifel Nicolaus raised their price target on shares of Spirit Airlines from $75.00 to $80.00 in a research note on Thursday, July 31st. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Spirit Airlines in a research note on Wednesday, July 30th. They now have a $82.00 price target on the stock, up previously from $76.00. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Spirit Airlines presently has an average rating of “Buy” and a consensus price target of $75.19.
Spirit Airlines, Inc (NASDAQ:SAVE) is an airline company.
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