Stock on Focus: Spirit Airlines, Inc. (SAVE)

Company Profile:

Spirit Airlines, Inc. provides low-fare airline services. As of February 7, 2017, it operated approximately 420 daily flights to 59 destinations in the United States, the Caribbean, and Latin America. As of December 31, 2016, the company had a fleet of 95 Airbus single-aisle aircraft comprising 29 A319s, 45 A320ceos, 5 A320neos, and 16 A321ceos. It offers tickets through its call centers and airport ticket counters, as well as online through www.spirit.com; and through various third parties, including online, traditional travel agents, and electronic global distribution systems. The company was formerly known as Clippert Trucking Company and changed its name to Spirit Airlines, Inc. in 1992. Spirit Airlines, Inc. was founded in 1964 and is headquartered in Miramar, Florida.

Recent News:

For the first quarter 2017, the companey reported GAAP net income was $31.9 million ($0.46 per diluted share), or $35.6 million ($0.51 per diluted share)1 excluding special items.t Total operating revenue was $591.7 million, an increase of 10.0 percent compared to the first quarter 2016, driven by an 11.9 percent increase in flight volume.

Raymond James Financial Services Advisors Inc. raised its position in shares of Spirit Airlines Incorporated (NASDAQ:SAVE) by 91.7% during the first quarter, Holdings Channel reports.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

@@@@@

Profitability – Measures the historical price movement of the stock.

@@@@@

Solvency – Measures the solvency of the company based on several ratios.

@@@@@

Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

@@@@@

Conclusion:

SAVE’s strengths can be seen in its better growth, strong profitability, better solvency and robust efficiency compared with its peers. Its revenue has increased over several years. Technical indicators signal the bullish signs, as there is a bullish indication in Stochastic Oscillator and RSI stands at 46.54 with positive bias. We rate Spirit Airlines, Inc. (SAVE) a STRONG BUY.

About the Author

has written 15907 stories on this site.

Write a Comment

Gravatars are small images that can show your personality. You can get your gravatar for free today!

You must be logged in to post a comment.

Copyright © 2012 Nine Stocks