EPS for California Resources (CRC) Expected At $-0.83; U S Global Investors Has Lowered By $2.12 Million Its Spirit Airls (SAVE) Position

April 17, 2018 - By Stephen Andrade

Spirit Airlines, Inc. (NYSE:SAVE) Logo

Analysts expect California Resources Corporation (NYSE:CRC) to report $-0.83 EPS on May, 3 after the close.They anticipate $0.19 EPS change or 18.63% from last quarter’s $-1.02 EPS. After having $-0.33 EPS previously, California Resources Corporation’s analysts see 151.52% EPS growth. The stock decreased 0.40% or $0.09 during the last trading session, reaching $22.32. About 295,294 shares traded. California Resources Corporation (NYSE:CRC) has risen 26.38% since April 17, 2017 and is uptrending. It has outperformed by 14.83% the S&P500.

U S Global Investors Inc decreased Spirit Airls Inc (SAVE) stake by 34.21% reported in 2017Q4 SEC filing. U S Global Investors Inc sold 48,201 shares as Spirit Airls Inc (SAVE)’s stock declined 17.76%. The U S Global Investors Inc holds 92,696 shares with $4.16M value, down from 140,897 last quarter. Spirit Airls Inc now has $2.52B valuation. The stock decreased 0.54% or $0.2 during the last trading session, reaching $36.89. About 81,469 shares traded. Spirit Airlines, Inc. (NASDAQ:SAVE) has declined 27.05% since April 17, 2017 and is downtrending. It has underperformed by 38.60% the S&P500.

Among 18 analysts covering Spirit Airlines (NASDAQ:SAVE), 8 have Buy rating, 2 Sell and 8 Hold. Therefore 44% are positive. Spirit Airlines had 87 analyst reports since August 18, 2015 according to SRatingsIntel. The firm has “Market Perform” rating given on Wednesday, January 4 by Cowen & Co. The stock of Spirit Airlines, Inc. (NYSE:SAVE) earned “Buy” rating by Deutsche Bank on Wednesday, September 6. Cowen & Co maintained Spirit Airlines, Inc. (NYSE:SAVE) on Wednesday, October 28 with “Outperform” rating. Imperial Capital upgraded Spirit Airlines, Inc. (NYSE:SAVE) rating on Wednesday, February 7. Imperial Capital has “Buy” rating and $49.0 target. Morgan Stanley maintained Spirit Airlines, Inc. (NYSE:SAVE) on Wednesday, February 7 with “Equal-Weight” rating. The firm has “Hold” rating by Cowen & Co given on Friday, June 9. The rating was maintained by Imperial Capital on Friday, October 27 with “Hold”. The rating was maintained by Barclays Capital with “Overweight” on Friday, October 16. J.P. Morgan downgraded the stock to “Hold” rating in Friday, September 15 report. The firm has “Mkt Perform” rating by Raymond James given on Friday, October 16.

Analysts await Spirit Airlines, Inc. (NYSE:SAVE) to report earnings on April, 26 before the open. They expect $0.43 earnings per share, down 15.69% or $0.08 from last year’s $0.51 per share. SAVE’s profit will be $29.35M for 21.45 P/E if the $0.43 EPS becomes a reality. After $0.73 actual earnings per share reported by Spirit Airlines, Inc. for the previous quarter, Wall Street now forecasts -41.10% negative EPS growth.

Investors sentiment decreased to 0.93 in Q4 2017. Its down 0.14, from 1.07 in 2017Q3. It turned negative, as 41 investors sold SAVE shares while 66 reduced holdings. 42 funds opened positions while 58 raised stakes. 74.01 million shares or 9.11% more from 67.83 million shares in 2017Q3 were reported. National Bank Of Mellon reported 278,216 shares stake. Ameriprise Incorporated has invested 0% in Spirit Airlines, Inc. (NYSE:SAVE). Earnest Partners Ltd Liability Company has invested 0% in Spirit Airlines, Inc. (NYSE:SAVE). Arlington Value Limited Liability Corporation has invested 4.13% in Spirit Airlines, Inc. (NYSE:SAVE). Utah Retirement invested in 0.01% or 12,900 shares. Public Employees Retirement Sys Of Ohio owns 0.02% invested in Spirit Airlines, Inc. (NYSE:SAVE) for 76,833 shares. Pekin Singer Strauss Asset Management Il accumulated 3.5% or 425,610 shares. Parkside Bancorp & holds 0% in Spirit Airlines, Inc. (NYSE:SAVE) or 20 shares. Barclays Public Ltd Co has invested 0% in Spirit Airlines, Inc. (NYSE:SAVE). Guggenheim Cap Ltd Liability Corporation has 44,972 shares for 0% of their portfolio. Advent Mngmt De holds 37,500 shares or 0.03% of its portfolio. Tower Cap Ltd Liability (Trc) holds 264 shares. State Board Of Administration Of Florida Retirement Sys reported 91,635 shares or 0.01% of all its holdings. Pub Sector Pension Board stated it has 654,881 shares. Thompson Siegel Walmsley Limited holds 0.01% or 12,700 shares.

Since March 15, 2018, it had 0 buys, and 1 sale for $75,425 activity. 1,690 shares valued at $75,425 were sold by Bendoraitis John A. on Thursday, March 15.

California Resources Corporation operates as an oil and natural gas exploration and production firm in the State of California. The company has market cap of $1.01 billion. It produces and markets crude oil, natural gas, and natural gas liquids. It currently has negative earnings. The firm holds interests in approximately 2.3 million net acres of mineral acreage.

Among 8 analysts covering California Resources Corporation (NYSE:CRC), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. California Resources Corporation had 24 analyst reports since August 24, 2015 according to SRatingsIntel. The firm has “Buy” rating by Bank of America given on Tuesday, January 16. The rating was downgraded by Bank of America to “Neutral” on Tuesday, February 23. The firm earned “Hold” rating on Monday, March 5 by Susquehanna. Societe Generale downgraded California Resources Corporation (NYSE:CRC) on Wednesday, March 2 to “Hold” rating. The firm earned “Equal-Weight” rating on Wednesday, October 18 by Morgan Stanley. The firm has “Accumulate” rating given on Friday, September 25 by Johnson Rice. The firm has “Underperform” rating given on Friday, June 30 by Bank of America. Susquehanna maintained the shares of CRC in report on Wednesday, January 17 with “Hold” rating. The firm has “Neutral” rating by Susquehanna given on Friday, October 30. The stock of California Resources Corporation (NYSE:CRC) earned “Hold” rating by Societe Generale on Thursday, January 4.

Spirit Airlines, Inc. (NYSE:SAVE) Institutional Positions Chart

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