Spirit Airlines Company Profile (NASDAQ:SAVE)

About Spirit Airlines (NASDAQ:SAVE)

Spirit Airlines logoSpirit 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. As of December 31, 2016, its fleet consisted of 29 A319s, 45 A320ceos, five A320neos and 16 A321ceos. Its Bare Fares offerings are unbundled base fares that remove components included in the price of an airline ticket. It also offers Frill Control, which allows customers to pay only for the options they choose, such as bags, advance seat assignments and refreshments. As of December 31, 2016, its route network included 200 markets served by 59 airports.

Industry, Sector and Symbol:
  • Sector: Transportation
  • Industry: Airlines
  • Sub-Industry: Airlines
  • Symbol: NASDAQ:SAVE
  • CUSIP: 84857710
  • Web: www.spirit.com
Capitalization:
  • Market Cap: $2.35 billion
  • Outstanding Shares: 69,369,000
Average Prices:
  • 50 Day Moving Avg: $34.00
  • 200 Day Moving Avg: $45.95
  • 52 Week Range: $30.32 - $60.40
P/E:
  • Trailing P/E Ratio: 9.80
  • Foreward P/E Ratio: 10.98
  • P/E Growth: 20.44
Sales & Book Value:
  • Annual Revenue: $2.49 billion
  • Price / Sales: 0.94
  • Book Value: $21.74 per share
  • Price / Book: 1.56
Profitability:
  • EBITDA: $509.32 million
  • Net Margins: 9.62%
  • Return on Equity: 17.96%
  • Return on Assets: 7.61%
Debt:
  • Debt-to-Equity Ratio: 0.72%
  • Current Ratio: 1.79%
  • Quick Ratio: 1.79%
Misc:
  • Average Volume: 1.98 million shs.
  • Beta: 0.66
  • Short Ratio: 1.53
 

Frequently Asked Questions for Spirit Airlines (NASDAQ:SAVE)

What is Spirit Airlines' stock symbol?

Spirit Airlines trades on the NASDAQ under the ticker symbol "SAVE."

How were Spirit Airlines' earnings last quarter?

Spirit Airlines, Inc. (NASDAQ:SAVE) released its quarterly earnings results on Thursday, July, 27th. The company reported $1.14 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.11 by $0.03. The firm had revenue of $701.68 million for the quarter, compared to analysts' expectations of $702.29 million. Spirit Airlines had a net margin of 9.62% and a return on equity of 17.96%. The business's revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.11 EPS. View Spirit Airlines' Earnings History.

When will Spirit Airlines make its next earnings announcement?

Spirit Airlines is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for Spirit Airlines.

Where is Spirit Airlines' stock going? Where will Spirit Airlines' stock price be in 2017?

12 brokers have issued 1 year price targets for Spirit Airlines' stock. Their forecasts range from $33.00 to $75.00. On average, they expect Spirit Airlines' stock price to reach $45.60 in the next twelve months. View Analyst Ratings for Spirit Airlines.

Who are some of Spirit Airlines' key competitors?

Who are Spirit Airlines' key executives?

Spirit Airlines' management team includes the folowing people:

  • H. McIntyre Gardner, Independent Chairman of the Board
  • Robert L. Fornaro, President, Chief Executive Officer, Director
  • Edward M. Christie III, Chief Financial Officer, Executive Vice President, Chief Accounting Officer
  • John Bendoraitis, Chief Operating Officer, Senior Vice President
  • Martha Laurie Villa, Chief Human Resource Officer, Vice President
  • Rocky B. Wiggins, Senior Vice President, Chief Information Officer
  • Thomas C. Canfield, Senior Vice President, General Counsel, Secretary
  • Matthew H. Klein, Senior Vice President, Chief Commercial Officer
  • Scott M. Haralson, Vice President - Financial Planning and Analysis
  • Carlton D. Donaway, Independent Director

Who owns Spirit Airlines stock?

Spirit Airlines' stock is owned by many different of retail and institutional investors. Top institutional investors include Shell Asset Management Co. (0.06%). Company insiders that own Spirit Airlines stock include B Ben Baldanza, David G Elkins, Edmundo Miranda, Edward M Christie III, H Mcintyre Gardner, John A Bendoraitis, Laurie Villa, Robert Schroeter, Scott Haralson and Thomas C Canfield. View Institutional Ownership Trends for Spirit Airlines.

Who bought Spirit Airlines stock? Who is buying Spirit Airlines stock?

Spirit Airlines' stock was acquired by a variety of institutional investors in the last quarter, including Shell Asset Management Co.. Company insiders that have bought Spirit Airlines stock in the last two years include B Ben Baldanza, David G Elkins, H Mcintyre Gardner and Thomas C Canfield. View Insider Buying and Selling for Spirit Airlines.

How do I buy Spirit Airlines stock?

Shares of Spirit Airlines can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Spirit Airlines' stock price today?

One share of Spirit Airlines stock can currently be purchased for approximately $33.81.


MarketBeat Community Rating for Spirit Airlines (NASDAQ SAVE)
Community Ranking:  3.6 out of 5 (star star star)
Outperform Votes:  620 (Vote Outperform)
Underperform Votes:  232 (Vote Underperform)
Total Votes:  852
MarketBeat's community ratings are surveys of what our community members think about Spirit Airlines and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Spirit Airlines (NASDAQ:SAVE) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 8 Hold Ratings, 4 Buy Ratings
Consensus Rating:Hold (Score: 2.33)
Consensus Price Target: $45.60 (34.87% upside)
Consensus Price Target History for Spirit Airlines (NASDAQ:SAVE)
Price Target History for Spirit Airlines (NASDAQ:SAVE)
Analysts' Ratings History for Spirit Airlines (NASDAQ:SAVE)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/17/2017Cowen and CompanyReiterated RatingHold$37.00N/AView Rating Details
10/17/2017Stifel NicolausLower Price TargetBuy -> Buy$55.00 -> $45.00N/AView Rating Details
10/6/2017Deutsche Bank AGDowngradeBuy -> Hold$38.00N/AView Rating Details
9/25/2017MacquarieInitiated CoverageNeutral$33.00MediumView Rating Details
9/15/2017J P Morgan Chase & CoDowngradeOverweight -> Neutral$45.00 -> $37.00HighView Rating Details
9/1/2017Morgan StanleyReiterated RatingEqual Weight$46.00 -> $45.00LowView Rating Details
8/14/2017Barclays PLCLower Price TargetEqual Weight -> Equal Weight$67.00 -> $50.00LowView Rating Details
7/28/2017Buckingham ResearchDowngradeBuy -> NeutralLowView Rating Details
7/28/2017Citigroup Inc.UpgradeNeutral -> Buy$65.00 -> $52.00LowView Rating Details
7/28/2017Bank of America CorporationDowngradeBuy -> Neutral$68.00 -> $44.00MediumView Rating Details
6/2/2017Wolfe ResearchUpgradeMarket Perform -> OutperformLowView Rating Details
5/19/2017Imperial CapitalReiterated RatingOutperformLowView Rating Details
9/13/2016Credit Suisse GroupSet Price TargetBuy$55.00N/AView Rating Details
8/4/2016Raymond James Financial, Inc.UpgradeOutperform -> Strong-Buy$59.00N/AView Rating Details
5/16/2016Sterne Agee CRTReiterated RatingBuyN/AView Rating Details
11/2/2015CRT CapitalBoost Price TargetBuy$105.00 -> $109.00N/AView Rating Details
10/28/2015Evercore ISILower Price Target$76.00 -> $60.00N/AView Rating Details
(Data available from 10/21/2015 forward)

Earnings

Earnings History for Spirit Airlines (NASDAQ:SAVE)
Earnings by Quarter for Spirit Airlines (NASDAQ:SAVE)
Earnings History by Quarter for Spirit Airlines (NASDAQ SAVE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/23/2017$1.55N/AView Earnings Details
7/27/2017Q2 2017$1.11$1.14$702.29 million$701.68 millionViewN/AView Earnings Details
4/28/2017Q1 2017$0.49$0.51$591.31 million$591.80 millionViewN/AView Earnings Details
2/7/2017Q416$0.74$0.77$578.35 million$578.40 millionViewListenView Earnings Details
10/25/2016Q316$1.17$1.24$611.52 million$621.30 millionViewListenView Earnings Details
7/29/2016Q216$1.08$1.11$594.47 million$584.10 millionViewListenView Earnings Details
4/26/2016Q116$0.96$1.01$528.87 million$538.10 millionViewListenView Earnings Details
2/9/2016Q415$0.97$1.02$517.66 million$519.80 millionViewListenView Earnings Details
10/27/2015Q315$1.32$1.35$571.63 million$574.80 millionViewListenView Earnings Details
7/24/2015Q215$1.01$1.03$555.06 million$553.40 millionViewListenView Earnings Details
4/29/2015Q115$0.96$0.96$494.61 million$493.36 millionViewN/AView Earnings Details
2/10/2015Q414$0.78$0.80$480.03 million$474.50 millionViewListenView Earnings Details
10/28/2014Q314$0.97$1.01$520.77 million$519.80 millionViewN/AView Earnings Details
7/29/2014Q214$0.89$0.91$497.77 million$499.30 millionViewListenView Earnings Details
4/29/2014Q114$0.51$0.52$437.91 million$438.00 millionViewListenView Earnings Details
2/19/2014Q413$0.50$0.56$421.44 million$420.00 millionViewN/AView Earnings Details
10/30/2013Q313$0.75$0.79$452.57 million$456.60 millionViewN/AView Earnings Details
7/24/2013Q2 2013$0.62$0.63$408.30 million$407.30 millionViewN/AView Earnings Details
4/30/2013Q1 2013$0.42$0.45$366.70 million$370.44 millionViewN/AView Earnings Details
2/19/2013Q4 2012$0.24$0.27$330.12 million$328.30 millionViewN/AView Earnings Details
10/31/2012Q312$0.35$0.35$344.44 million$342.30 millionViewN/AView Earnings Details
7/24/2012$0.47$0.49ViewN/AView Earnings Details
5/1/2012$0.33$0.33ViewN/AView Earnings Details
2/16/2012$0.32$0.33ViewN/AView Earnings Details
10/27/2011$0.30$0.38ViewN/AView Earnings Details
7/28/2011$0.23$0.41ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Spirit Airlines (NASDAQ:SAVE)
2017 EPS Consensus Estimate: $3.07
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.51$0.51$0.51
Q2 20171$1.11$1.11$1.11
Q3 20171$0.87$0.87$0.87
Q4 20171$0.58$0.58$0.58
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Spirit Airlines (NASDAQ:SAVE)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Spirit Airlines (NASDAQ:SAVE)
Insider Ownership Percentage: 0.33%
Institutional Ownership Percentage: 96.99%
Insider Trades by Quarter for Spirit Airlines (NASDAQ:SAVE)
Institutional Ownership by Quarter for Spirit Airlines (NASDAQ:SAVE)
Insider Trades by Quarter for Spirit Airlines (NASDAQ:SAVE)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/15/2017H. Mcintyre GardnerDirectorBuy5,000$33.78$168,900.00View SEC Filing  
5/5/2017Edmundo MirandaVPSell3,131$59.39$185,950.09View SEC Filing  
12/15/2016Edmundo MirandaVPSell4,600$59.42$273,332.00View SEC Filing  
12/8/2016Edward M. Christie IIICFOSell8,000$58.40$467,200.00View SEC Filing  
12/8/2016Laurie VillaVPSell271$58.55$15,867.05View SEC Filing  
12/5/2016John A. BendoraitisCOOSell1,590$56.56$89,930.40View SEC Filing  
11/18/2016Robert SchroeterVPSell3,500$53.76$188,160.00View SEC Filing  
11/11/2016Scott HaralsonVPSell2,951$51.32$151,445.32View SEC Filing  
11/3/2016Laurie VillaVPSell325$47.18$15,333.50View SEC Filing  
9/13/2016Laurie VillaVPSell300$38.37$11,511.00View SEC Filing  
3/17/2016David G ElkinsDirectorBuy1,500$47.92$71,880.00View SEC Filing  
3/7/2016John A BendoraitisCOOSell730$49.00$35,770.00View SEC Filing  
12/16/2015B Ben BaldanzaCEOBuy2,000$41.41$82,820.00View SEC Filing  
12/16/2015Thomas C CanfieldSVPBuy1,000$41.70$41,700.00View SEC Filing  
12/1/2015Thomas C CanfieldSVPBuy1,500$37.70$56,550.00View SEC Filing  
6/1/2015Thomas C CanfieldSVPBuy1,200$63.72$76,464.00View SEC Filing  
5/18/2015Stuart I OranDirectorSell2,000$67.06$134,120.00View SEC Filing  
2/25/2015David G ElkinsDirectorSell2,000$81.33$162,660.00View SEC Filing  
12/1/2014B Ben BaldanzaCEOSell15,000$81.99$1,229,850.00View SEC Filing  
11/17/2014Stuart I OranDirectorSell1,500$75.48$113,220.00View SEC Filing  
11/12/2014Edward M Christie IIICFOSell8,000$78.23$625,840.00View SEC Filing  
10/28/2014B Ben BaldanzaCEOSell5,000$71.00$355,000.00View SEC Filing  
8/14/2014Thomas C CanfieldSVPSell5,000$69.28$346,400.00View SEC Filing  
8/8/2014Robert D JohnsonDirectorSell2,500$65.28$163,200.00View SEC Filing  
8/15/2013Tony LefebvreCOOSell11,012$30.75$338,619.00View SEC Filing  
7/29/2013Barry BiffleCMOSell29,812$35.44$1,056,537.28View SEC Filing  
7/1/2013B Ben BaldanzaCEOSell5,000$31.80$159,000.00View SEC Filing  
6/3/2013B Ben BaldanzaCEOSell48,000$30.01$1,440,480.00View SEC Filing  
5/8/2013Thomas C CanfieldSVPSell5,000$29.75$148,750.00View SEC Filing  
5/8/2013Tony LefebvreCOOSell2,500$29.53$73,825.00View SEC Filing  
3/11/2013Edmundo MirandaVPSell3,052$23.81$72,668.12View SEC Filing  
12/3/2012Barry BiffleCMOSell3,000$16.65$49,950.00View SEC Filing  
9/4/2012B Ben BaldanzaCEOSell25,000$19.41$485,250.00View SEC Filing  
9/4/2012Thomas C CanfieldSVPSell5,000$19.38$96,900.00View SEC Filing  
9/4/2012Tony LefebvreCOOSell8,000$19.20$153,600.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Spirit Airlines (NASDAQ:SAVE)
Latest Headlines for Spirit Airlines (NASDAQ:SAVE)
Source:
DateHeadline
finance.yahoo.com logoSpirit Airlines, Inc. breached its 50 day moving average in a Bearish Manner : SAVE-US : October 20, 2017
finance.yahoo.com - October 20 at 4:55 PM
finance.yahoo.com logoSpirit Airlines pilots picket at O'Hare as contract frustration grows
finance.yahoo.com - October 20 at 4:55 PM
finance.yahoo.com logoStrong Spirit Airlines Guidance Lifts Airline Stocks
finance.yahoo.com - October 19 at 8:28 AM
finance.yahoo.com logoWhat to Expect When Spirit Airlines Reports Earnings
finance.yahoo.com - October 19 at 8:28 AM
fool.com logoSpirit Airlines Tries a New Tack as Competition Intensifies
www.fool.com - October 18 at 2:34 PM
investorplace.com logoWhy Spirit Airlines Incorporated (SAVE) Stock Is Soaring Today
investorplace.com - October 17 at 4:02 PM
globenewswire.com logoSpirit Airlines, Inc. Announces Webcast of Third Quarter 2017 Results - GlobeNewswire (press release)
globenewswire.com - October 17 at 3:36 PM
finance.yahoo.com logoWhy Spirit Airlines Stock Jumped 10% This Morning
finance.yahoo.com - October 17 at 3:36 PM
finance.yahoo.com logoUS-backed forces celebrate fall of IS 'capital' of Raqqa
finance.yahoo.com - October 17 at 3:36 PM
feeds.benzinga.com logoSpirit Airlines, Inc. Announces Webcast of Third Quarter 2017 Results
feeds.benzinga.com - October 17 at 2:59 PM
americanbankingnews.com logoSpirit Airlines, Inc. (SAVE) Given New $45.00 Price Target at Stifel Nicolaus
www.americanbankingnews.com - October 17 at 8:30 AM
streetinsider.com logoSpirit Airlines (SAVE): Guidance Improves with Investor Update - Stifel - StreetInsider.com
www.streetinsider.com - October 17 at 7:01 AM
nasdaq.com logoSAVE: Insiders vs. Shorts - Nasdaq
www.nasdaq.com - October 17 at 7:01 AM
streetinsider.com logoSpirit Airlines (SAVE) Reports Q3 RASM Down 6.5%, Better Than Prior Range - StreetInsider.com
www.streetinsider.com - October 17 at 7:01 AM
seekingalpha.com logoSpirit Airlines Continues To Gain On Competitors - Seeking Alpha
seekingalpha.com - October 16 at 6:19 AM
finance.yahoo.com logoTillerson: US prefers diplomacy with NKorea, but has options
finance.yahoo.com - October 16 at 6:19 AM
americanbankingnews.com logoSpirit Airlines, Inc. (SAVE) to Release Earnings on Monday
www.americanbankingnews.com - October 16 at 5:02 AM
finance.yahoo.com logoDid Spirit Airlines Inc (SAVE) Create Value For Investors Over The Past Year?
finance.yahoo.com - October 14 at 7:37 AM
finance.yahoo.com logoDelta Proves the Airline Recovery Is Underway
finance.yahoo.com - October 12 at 3:50 PM
thestreet.com logoShort Interest Jumps 14% For SAVE
www.thestreet.com - October 12 at 9:17 AM
americanbankingnews.com logoSpirit Airlines, Inc. (SAVE) Given Consensus Rating of "Hold" by Analysts
www.americanbankingnews.com - October 11 at 10:32 PM
americanbankingnews.com logoCritical Survey: Spirit Airlines (SAVE) versus Gol Linhas Aereas Inteligentes (GOL)
www.americanbankingnews.com - October 11 at 4:30 PM
americanbankingnews.com logoContrasting LATAM Airlines Group (LTM) & Spirit Airlines (SAVE)
www.americanbankingnews.com - October 9 at 4:12 PM
americanbankingnews.com logoCritical Review: Spirit Airlines (SAVE) versus The Competition
www.americanbankingnews.com - October 7 at 12:14 PM
finance.yahoo.com logoSpirit Airlines, Inc. – Value Analysis (NASDAQ:SAVE) : October 6, 2017
finance.yahoo.com - October 7 at 8:16 AM
americanbankingnews.com logoDeutsche Bank AG Lowers Spirit Airlines, Inc. (SAVE) to Hold
www.americanbankingnews.com - October 6 at 9:12 AM
finance.yahoo.com logoSpirit Airlines, Inc. breached its 50 day moving average in a Bearish Manner : SAVE-US : October 5, 2017
finance.yahoo.com - October 6 at 8:42 AM
americanbankingnews.com logo Analysts Expect Spirit Airlines, Inc. (SAVE) Will Announce Quarterly Sales of $709.98 Million
www.americanbankingnews.com - October 5 at 6:48 AM
finance.yahoo.com logoHelping Puerto Rico: Here's where and when to donate
finance.yahoo.com - October 3 at 12:01 PM
finance.yahoo.com logoTrump says envoy 'wasting his time' talking to North Korea
finance.yahoo.com - October 3 at 12:01 PM
finance.yahoo.com logoAnalysis: Are Trump, Tillerson doing 'good cop,' 'bad cop'?
finance.yahoo.com - October 3 at 12:01 PM
americanbankingnews.com logo Analysts Anticipate Spirit Airlines, Inc. (SAVE) Will Announce Earnings of $0.87 Per Share
www.americanbankingnews.com - October 3 at 8:40 AM
americanbankingnews.com logoGol Linhas Aereas Inteligentes (GOL) vs. Spirit Airlines (SAVE) Financial Contrast
www.americanbankingnews.com - September 29 at 2:30 AM
americanbankingnews.com logoSpirit Airlines' (SAVE) Buy Rating Reaffirmed at Stifel Nicolaus
www.americanbankingnews.com - September 28 at 1:48 PM
thestreet.com logoLooking to Travel in the US? Chicago O'Hare Is Top Airport for Connectivity - TheStreet.com
www.thestreet.com - September 27 at 8:52 AM
finance.yahoo.com logoLooking to Travel in the U.S.? Chicago O'Hare Is Top Airport for Connectivity
finance.yahoo.com - September 27 at 8:52 AM
fool.com logoSpirit Airlines Is Crashing: Is It Still a Buy for Long-Term Investors?
www.fool.com - September 26 at 9:58 PM
finance.yahoo.com logoAbout two dozen players kneel for national anthem in London
finance.yahoo.com - September 26 at 11:34 AM
finance.yahoo.com logoThe Latest: More than 200 NFL players don't stand for anthem
finance.yahoo.com - September 26 at 11:34 AM
finance.yahoo.com logoPresident's criticisms spark more protests at NFL games
finance.yahoo.com - September 26 at 11:34 AM
finance.yahoo.com logoSpirit Airlines Takes a Big Hit to 3Q17 Guidance: More To Come?
finance.yahoo.com - September 26 at 11:34 AM
finance.yahoo.com logoThe Latest: Graham defends McCain vote against health bill
finance.yahoo.com - September 26 at 11:34 AM
americanbankingnews.com logoSpirit Airlines, Inc. (SAVE) Coverage Initiated at Macquarie
www.americanbankingnews.com - September 25 at 9:14 PM
americanbankingnews.com logoSpirit Airlines (SAVE) & Its Peers Financial Comparison
www.americanbankingnews.com - September 25 at 4:10 PM
finance.yahoo.com logoSpirit Airlines’ Utilization Fell for an 11th Consecutive Month
finance.yahoo.com - September 23 at 5:14 AM
fool.com logoCan You Guess What Sears, GameStop, Spirit Airlines, Tootsie Roll, and Papa John's All Have in Common?
www.fool.com - September 22 at 9:25 AM
investorplace.com logoNo need to Bail on Spirit Airlines’ (SAVE) Stock
investorplace.com - September 22 at 7:35 AM
investorplace.com logoNo need to Bail on Spirit Airlines’ (SAVE) Stock
investorplace.com - September 22 at 7:18 AM
americanbankingnews.com logoComparing Spirit Airlines (SAVE) & Its Rivals
www.americanbankingnews.com - September 21 at 6:18 PM
americanbankingnews.com logoSpirit Airlines, Inc. (SAVE) Director Purchases $168,900.00 in Stock
www.americanbankingnews.com - September 18 at 7:44 PM

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Chart

Spirit Airlines (SAVE) Chart for Saturday, October, 21, 2017

This page was last updated on 10/21/2017 by MarketBeat.com Staff

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