Equities analysts predict that Spirit Airlines Incorporated (NASDAQ:SAVE) will announce $811.91 million in sales for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Spirit Airlines’ earnings. The highest sales estimate is $813.00 million and the lowest is $811.00 million. Spirit Airlines reported sales of $667.01 million during the same quarter last year, which would indicate a positive year over year growth rate of 21.7%. The company is expected to issue its next earnings results on Tuesday, February 5th.

According to Zacks, analysts expect that Spirit Airlines will report full-year sales of $3.27 billion for the current financial year. For the next financial year, analysts expect that the firm will report sales of $3.81 billion, with estimates ranging from $3.74 billion to $3.90 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Spirit Airlines.

Spirit Airlines (NASDAQ:SAVE) last issued its earnings results on Wednesday, October 24th. The transportation company reported $1.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.03. The business had revenue of $904.33 million for the quarter, compared to the consensus estimate of $904.05 million.

Several brokerages have recently commented on SAVE. Buckingham Research set a $61.00 target price on Spirit Airlines and gave the stock a “buy” rating in a research note on Thursday, August 30th. Imperial Capital raised their price target on Spirit Airlines from $72.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, October 26th. BidaskClub raised Spirit Airlines from a “hold” rating to a “buy” rating in a report on Tuesday, October 16th. Zacks Investment Research lowered Spirit Airlines from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 10th. Finally, Macquarie set a $56.00 price objective on Spirit Airlines and gave the company a “buy” rating in a research note on Monday, October 8th. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $58.13.

In other Spirit Airlines news, Director Robert D. Johnson sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $47.53, for a total transaction of $35,647.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Rocky Wiggins sold 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 30th. The stock was sold at an average price of $50.56, for a total value of $227,520.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,816 shares of company stock worth $290,273. 0.33% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of SAVE. Point72 Hong Kong Ltd boosted its position in shares of Spirit Airlines by 147.4% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,904 shares of the transportation company’s stock worth $106,000 after purchasing an additional 1,730 shares in the last quarter. United Services Automobile Association boosted its position in shares of Spirit Airlines by 16.8% in the 3rd quarter. United Services Automobile Association now owns 12,317 shares of the transportation company’s stock worth $579,000 after purchasing an additional 1,773 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Spirit Airlines by 46.2% in the 2nd quarter. SG Americas Securities LLC now owns 6,653 shares of the transportation company’s stock worth $242,000 after purchasing an additional 2,101 shares in the last quarter. Sei Investments Co. boosted its position in shares of Spirit Airlines by 127.9% in the 2nd quarter. Sei Investments Co. now owns 3,934 shares of the transportation company’s stock worth $143,000 after purchasing an additional 2,208 shares in the last quarter. Finally, Strs Ohio boosted its position in shares of Spirit Airlines by 89.7% in the 3rd quarter. Strs Ohio now owns 5,500 shares of the transportation company’s stock worth $258,000 after purchasing an additional 2,600 shares in the last quarter.

Shares of NASDAQ SAVE traded down $0.63 during midday trading on Friday, hitting $50.56. 6,791 shares of the company’s stock were exchanged, compared to its average volume of 1,292,521. Spirit Airlines has a 12 month low of $34.36 and a 12 month high of $54.49.

About Spirit Airlines

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.

Featured Article: Fundamental Analysis and Individual Investors

Get a free copy of the Zacks research report on Spirit Airlines (SAVE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates 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.