Spirit Airlines Incorporated (SAVE) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $1.01 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.97. The company posted revenue of $538.10 million in the period, compared to analysts expectations of $536.17 million. The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.96 EPS.
Many Wall Street Analysts have commented on Spirit Airlines Incorporated. Spirit Airlines Incorporated was Downgraded by JP Morgan to ” Neutral” on Apr 20, 2016. Spirit Airlines Incorporated was Upgraded by Raymond James to ” Outperform” on Feb 26, 2016.
Spirit Airlines Incorporated closed down -0.65 points or -1.29% at $49.7 with 8,05,513 shares getting traded on Friday. Post opening the session at $49.35, the shares hit an intraday low of $49.26 and an intraday high of $50.25 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Mar 18, 2016, David G Elkins (director) purchased 1,500 shares at $47.92 per share price. According to the SEC, on Mar 8, 2016, John A. Bendoraitis (Senior VP and COO) sold 730 shares at $49.00 per share price. On Dec 17, 2015, Thomas C Canfield (Sr VP, General Counsel and Sec) purchased 1,000 shares at $41.70 per share price, according to the Form-4 filing with the securities and exchange commission.
Spirit Airlines Inc. is an airline company. The Company’s all-Airbus fleet operates more than 300 daily flights to 56 destinations in the United States Caribbean and Latin America. Its ultra-low-cost carrier (ULCC) business model provides low base fares with a range of optional services. The Company’s route network includes approximately 151 markets served by 56 airports throughout North America Central America South America and the Caribbean. The Company operates international services to Aruba the Bahamas Colombia Costa Rica Dominican Republic El Salvador Guatemala Haiti Honduras Jamaica Mexico Nicaragua Panama Peru and St. Maarten as well as Puerto Rico and the United States Virgin Islands.