Goldman Sachs Comments On Republic Airways June Quarter Results

According to Goldman Sachs, Republic Airways Holdings RJET is expected to report its June quarter results in early August. Goldman Sachs said that solid passenger traffic in the quarter and moderating fuel costs should enable Republic's earnings to come in ahead of consensus estimates, with revenue/EPS estimates for the June quarter at $730.6mm/-$0.03 vs. the Street's $723.4mm/-$0.09. “Our 12-month price target of $6.50 (unchanged) is based on a 7.5X P/E multiple (unchanged) on our new CY12 EPS estimate of $0.85 ($0.86 prior).” Republic Airways Holdings closed yesterday at $4.40.