Don’t Be A Stock Market Victim: Spirit Airlines Inc. (SAVE), Hancock Whitney Corporation (HWC)

Spirit Airlines Inc. (NYSE: SAVE) shares are -66.88% down in the year-to-date (YTD) period and have moved 5.45% or $0.69 higher in the latest trading session. However, stock’s trailing 12-month performance remains nearly +90.44% lower. Comparatively, the stock is -71.89% down YTD and -68.70% over the trailing 3-month period. If we look at the shorter duration, its week performance is -5.18% and 48.17% over the month.

Analyst Recommendations

On March 25, 2020, Deutsche Bank recommended the SAVE stock is a Buy, while earlier, JP Morgan had Downgrade the stock as a Underweight on April 06, 2020.

The stock currently trades at $13.35 and analysts tracking its performance over the next 12 months have a consensus estimate price target of $24.33. The consensus price target represents an upside potential 45.13.

Earnings Forecast

Analysts estimate the earnings to increase 1.60% in the current quarter to -$0.39, down from the $0.84 reported in the same quarter a year ago. For the current year, earnings should grow to an average of -$3, down -23.60% from $5.09 reported last year. Analysts also offered guidance for the next financial quarter, with their average projected EPS at between -$7.1 and $1.95. Wall Street estimates earnings per share to be at an average of $2.78 for the next year.

Insider Transactions Summary

According to SEC data, total insider shares purchases at the company stands at 26 over the last 12 months, while SEC filings reveal that there have been 39 insider sales over the same period. Insiders have purchases 142,865 shares while those sold by company executives and officers stand at 40,820. The last 3 months have seen insiders trade a total of 7,500 and 6,110 in purchases and sales respectively.

JOHNSON ROBERT D, a Director at the company, sold 500 shares worth $14180.0 at $28.36 per share on Mar 02. The SVP, General Counsel and Sec had earlier bought another 2,500 SAVE shares valued at $50850.0 on Mar 10. The shares were bought at $20.34 per share. RICHARDS CHRISTINE P (Director) bought 5,000 shares at $43.24 per share on Feb 11 for a total of $216200.0 while McMenamy Brian J., (VP & Controller) sold 6,456 shares on Dec 16 for $254044.0 with each share fetching $39.35.

Hancock Whitney Corporation (NASDAQ:HWC), on the other hand, is trading around $18.40 with a market cap of $1.62B and analyst research firms have a positive stance on its shares. Analysts predict that the stock will reach $25.11 and spell out a more modest performance – a 26.72% return. Some analysts are even forecasting $2.3 per share in earnings this year on a short term (1 year) basis.

Let us briefly look at the Hancock Whitney Corporation (HWC) financials, with a focus on its operating details as indicated in its earnings report for the last quarter.

Company balance sheet and cash flow

HWC’s operating margin was positive on the trailing 12 months basis, remaining steady at 75.30%, while the operating expenses over the recent quarter were at $82.92 million. This represented a 71.0% of the company’s total revenues which amounted $285.96 million. With this in place, we can see that the company’s diluted EPS inclined $1.05 on the year-over-year period, growing to $1.12 as given in the last earnings report.

The cash flow from operating activities totaled $351.95 million, significantly lower than the $449.18 million reported in the year-ago quarter. The company’s free cash flow for the quarter was $309.23 million.

Insider activity

Insiders have transacted a total of 42 times at Hancock Whitney Corporation over the last 6 months, with insider purchases undertaken 22 times and accounting for 122,947 shares. Insider sales totaled 48,555 shares over the same period, with these deals completed in 20 transactions. Looking at these numbers, we realize that net purchases over that period are 2.0 shares. Insiders now hold a total of 760.7k shares after the latest sales, with 13.10% net shares purchased.

Major holders

Insiders own 0.60% of the company shares, while shares held by institutions stand at 81.50% with a share float percentage of 87.88M. Investors are also buoyed by the number of investors in a company, with Hancock Whitney Corporation having a total of 330 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 10.45 million shares worth more than $458.46 million. As of Dec 30, 2019, Blackrock Inc. held 11.98% of shares outstanding.

The other major institutional holder is Vanguard Group, Inc. (The), with the investment firm holding over 8.63 million shares as of Dec 30, 2019. The firm’s total holdings are worth over $378.75 million and represent 9.89% of shares outstanding.