Spirit Airlines (NASDAQ:SAVE) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, October 23rd. Analysts expect Spirit Airlines to post earnings of $1.09 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Spirit Airlines (NASDAQ:SAVE) last announced its quarterly earnings data on Wednesday, July 24th. The transportation company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.05. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the business posted $1.11 EPS. The company’s revenue was up 18.9% compared to the same quarter last year.

Shares of SAVE opened at $36.78 on Monday. The business has a 50-day moving average of $36.51 and a 200 day moving average of $45.43. Spirit Airlines has a fifty-two week low of $32.97 and a fifty-two week high of $65.35.

Several equities research analysts recently weighed in on the company. Cowen decreased their price objective on Spirit Airlines from $51.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, October 11th. Raymond James lowered Spirit Airlines from a “strong-buy” rating to a “market perform” rating and decreased their price objective for the stock from $65.00 to $60.00 in a report on Tuesday, September 3rd. Stifel Nicolaus set a $55.00 price objective on Spirit Airlines and gave the stock a “hold” rating in a report on Friday, October 11th. BidaskClub raised Spirit Airlines from a “sell” rating to a “hold” rating in a report on Saturday, October 12th. Finally, Buckingham Research lowered Spirit Airlines from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $69.00 to $41.00 in a report on Monday, September 9th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. Spirit Airlines presently has an average rating of “Hold” and an average price target of $53.63.

In related news, Director H. Mcintyre Gardner bought 2,500 shares of Spirit Airlines stock in a transaction on Wednesday, July 31st. The stock was acquired at an average price of $41.92 per share, with a total value of $104,800.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Edward M. Christie III bought 2,375 shares of Spirit Airlines stock in a transaction on Tuesday, July 30th. The shares were bought at an average cost of $41.93 per share, with a total value of $99,583.75. The disclosure for this purchase can be found here. Insiders have acquired a total of 5,051 shares of company stock valued at $211,885 in the last ninety days. Insiders own 0.33% of the company’s stock.

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.

Recommended Story: Stock Split

Earnings History for Spirit Airlines (NASDAQ:SAVE)

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.