Spirit Airlines Company Profile (NASDAQ:SAVE)

About Spirit Airlines

Spirit Airlines logoSpirit Airlines, Inc. is an airline company. The Company's all-Airbus fleet operates more than 385 daily flights to 56 destinations in the United States, Caribbean and Latin America. Its ultra-low-cost carrier (ULCC) business model provides low, unbundled base fares that remove components traditionally included in the price of an airline ticket. The Company offers a range of optional services, allowing customers to save by paying only for the options they choose such as bags, advance seat assignments and refreshments. The Company's route network includes approximately 151 markets throughout North America, Central America, South America and the Caribbean. The Company operates international services to Aruba, Colombia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Peru and St. Maarten, as well as Puerto Rico and the United States Virgin Islands.

Industry, Sector and Symbol:
  • Sector: Transportation
  • Industry: Major Airlines
  • Sub-Industry: Airlines
  • Exchange: NASDAQ
  • Symbol: SAVE
  • CUSIP: 84857710
Key Metrics:
  • Previous Close: $51.92
  • 50 Day Moving Average: $54.51
  • 200 Day Moving Average: $49.16
  • 52-Week Range: $37.17 - $60.40
  • Trailing P/E Ratio: 13.81
  • Foreward P/E Ratio: 11.29
  • P/E Growth: 1.40
  • Market Cap: $3.60B
  • Outstanding Shares: 69,336,000
  • Beta: 0.78
Profitability:
  • Net Margins: 11.41%
  • Return on Equity: 22.22%
  • Return on Assets: 9.77%
Debt:
  • Debt-to-Equity Ratio: 0.67%
  • Current Ratio: 1.93%
  • Quick Ratio: 1.93%
Additional Links:
Companies Related to Spirit Airlines:

Analyst Ratings

Consensus Ratings for Spirit Airlines (NASDAQ:SAVE) (?)
Ratings Breakdown: 6 Hold Ratings, 6 Buy Ratings, 1 Strong Buy Rating
Consensus Rating:Buy (Score: 2.62)
Consensus Price Target: $60.56 (16.63% upside)

Analysts' Ratings History for Spirit Airlines (NASDAQ:SAVE)
Show:
DateFirmActionRatingPrice TargetDetails
2/8/2017Cowen and CompanyBoost Price TargetMarket Perform$58.00 -> $59.00View Rating Details
12/16/2016Morgan StanleyReiterated RatingEqual WeightView Rating Details
12/15/2016Barclays PLCInitiated CoverageEqual Weight$67.00View Rating Details
11/22/2016Imperial CapitalBoost Price TargetOutperform$58.00 -> $68.00View Rating Details
11/18/2016Citigroup Inc.DowngradeBuy -> Neutral$52.00 -> $61.00View Rating Details
10/26/2016Deutsche Bank AGBoost Price TargetBuy$53.00 -> $56.00View Rating Details
9/13/2016Credit Suisse GroupSet Price TargetBuy$55.00View Rating Details
8/4/2016Raymond James Financial, Inc.UpgradeOutperform -> Strong-Buy$59.00View Rating Details
8/2/2016Wolfe ResearchDowngradeOutperform -> Market PerformView Rating Details
5/16/2016Sterne Agee CRTReiterated RatingBuyView Rating Details
4/23/2016Buckingham ResearchReiterated RatingBuyView Rating Details
4/20/2016J P Morgan Chase & CoDowngradeOverweight -> Neutral$51.00 -> $52.00View Rating Details
4/18/2016Bank of America CorpReiterated RatingBuyView Rating Details
12/22/2015Stifel NicolausUpgradeHold -> Buy$60.00View Rating Details
11/2/2015CRT CapitalBoost Price TargetBuy$105.00 -> $109.00View Rating Details
10/28/2015Evercore ISILower Price Target$76.00 -> $60.00View Rating Details
8/26/2015Standpoint ResearchUpgradeHold -> BuyView Rating Details
6/1/2015SidotiUpgradeNeutral -> Buy$81.00 -> $83.00View Rating Details
5/23/2015Goldman Sachs Group, Inc. (The)Reiterated RatingBuyView Rating Details
4/30/2015Evercore Partners Inc.UpgradeHold -> BuyView Rating Details
(Data available from 2/24/2015 forward)

Earnings

Earnings History for Spirit Airlines (NASDAQ:SAVE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/24/2017        
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)
Current Year EPS Consensus Estimate: $4.00 EPS
Next Year EPS Consensus Estimate: $4.60 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q3 20161$1.08$1.08$1.08
Q4 20161$0.64$0.64$0.64
Q1 20171$0.58$0.58$0.58
Q2 20171$1.02$1.02$1.02
Q3 20171$1.46$1.46$1.46
Q4 20171$0.94$0.94$0.94
(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 History for Spirit Airlines (NASDAQ:SAVE)
Insider Ownership Percentage: 0.26%
Institutional Ownership Percentage: 96.91%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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

Latest Headlines for Spirit Airlines (NASDAQ:SAVE)
DateHeadline
zacks.com logoSpirit Airlines: Is it a Solid Choice for Value Investors? (NASDAQ:SAVE)
www.zacks.com - February 24 at 9:36 PM
News IconSpirit Airlines, Inc. (SAVE) Receives Buy Rating from the Deutsche Bank AG - Petro Global News 24 (NASDAQ:SAVE)
petroglobalnews24.com - February 24 at 5:37 AM
News IconPrice Target Of Spirit Airlines, Inc. (NASDAQ:SAVE)At $67.1 - Transcript Daily (NASDAQ:SAVE)
transcriptdaily.com - February 23 at 7:52 PM
News IconSpirit Airlines CEO dismisses new, cheaper fares by rivals - Business Insider (NASDAQ:SAVE)
www.businessinsider.com - February 23 at 7:42 AM
News IconEPS Of Spirit Airlines, Inc. (NASDAQ:SAVE) At $0.58 - Stock Observer (NASDAQ:SAVE)
www.thestockobserver.com - February 23 at 12:53 AM
4-traders.com logoSpirit Airlines Incorporated : CEO dismisses new, cheaper fares by rivals (NASDAQ:SAVE)
www.4-traders.com - February 22 at 7:52 PM
fool.com logoSpirit Airlines Takes on Southwest Airlines in Its Next Round of Expansion (NASDAQ:SAVE)
us.rd.yahoo.com - February 22 at 7:52 PM
bloomberg.com logoSpirit Air CEO Sees No-Frills Seats Backfiring on Largest Rivals (NASDAQ:SAVE)
us.rd.yahoo.com - February 22 at 7:52 PM
sg.finance.yahoo.com logoSpirit Airlines CEO dismisses new, cheaper fares by rivals (NASDAQ:SAVE)
sg.finance.yahoo.com - February 22 at 7:52 PM
News IconAnalysts Peer Into Their Crystal Balls For Spirit Airlines, Inc. (NASDAQ:SAVE): Where Is It headed? - Winfield Review (NASDAQ:SAVE)
winfieldreview.com - February 21 at 5:12 PM
News IconTaking a Look at the Chart for Spirit Airlines, Inc. (SAVE) - The USA Commerce (NASDAQ:SAVE)
theusacommerce.com - February 21 at 5:12 PM
News IconWhy Analysts put forward these two stocks: Spirit Airlines, Inc. (SAVE), Antero Resources Corporation (AR) - The USA Commerce (NASDAQ:SAVE)
www.theusacommerce.com - February 21 at 5:12 PM
finance.yahoo.com logoPittsburgh Party! Spirit Airlines Brings More Black and Yellow to the Steel City (NASDAQ:SAVE)
finance.yahoo.com - February 21 at 5:12 PM
bizjournals.com logoSpirit Airlines adds Pittsburgh to its cities served — and adds Los Angeles flight (NASDAQ:SAVE)
www.bizjournals.com - February 21 at 5:12 PM
finance.yahoo.com logoSPIRIT AIRLINES, INC. Financials (NASDAQ:SAVE)
finance.yahoo.com - February 17 at 7:44 PM
News IconImpact of Brokerage Rating on Spirit Airlines, Inc.(SAVE) (NASDAQ:SAVE)
nyhetsbanken.info - February 16 at 7:24 PM
thestreet.com logoUnited's Finance Chief Blasts Spirit Airlines - 'Nobody Flies Spirit Because They Like the Product' (NASDAQ:SAVE)
us.rd.yahoo.com - February 16 at 7:24 PM
us.rd.yahoo.com logoDo Not Dismiss Spirit Airlines (NASDAQ:SAVE)
us.rd.yahoo.com - February 16 at 7:24 PM
us.rd.yahoo.com logoAirline Capacity Growth Slowdown—Truth or Illusion? (NASDAQ:SAVE)
us.rd.yahoo.com - February 16 at 7:24 PM
News IconKeep in touch with dividend stock: Southwest Airlines Co. (LUV) (NASDAQ:SAVE)
xboxonezone.com - February 15 at 1:50 AM
fool.com logo3 Takeaways From Spirit Airlines' So-So Quarter (NASDAQ:SAVE)
us.rd.yahoo.com - February 15 at 1:50 AM
fool.com logo3 Takeaways From Spirit Airlines' So-So Quarter (NASDAQ:SAVE)
www.fool.com - February 14 at 10:45 AM
biz.yahoo.com logoSPIRIT AIRLINES, INC. Files SEC form 10-K, Annual Report (NASDAQ:SAVE)
biz.yahoo.com - February 14 at 6:12 AM
fool.com logoSpirit Airlines Stock Soared 45% in 2016, but It's Still Cheap (NASDAQ:SAVE)
www.fool.com - February 14 at 6:12 AM
News IconEPS Target Of Spirit Airlines, Inc. (NASDAQ:SAVE)Set At $1.24 - Transcript Daily (NASDAQ:SAVE)
transcriptdaily.com - February 13 at 8:32 AM
News IconRevenue Approximations Analysis: Spirit Airlines, Inc. (SAVE), Scripps Networks Interactive, Inc. (SNI) - StockNewsJournal (NASDAQ:SAVE)
stocknewsjournal.com - February 12 at 8:11 AM
News IconForward Earnings Estimate of Spirit Airlines, Inc.(SAVE) - Highland Mirror (NASDAQ:SAVE)
www.highlandmirror.com - February 12 at 8:11 AM
News IconCowen Just Issued "Market Perform" Rating on Spirit Airlines Incorporated (SAVE) (NASDAQ:SAVE)
nyhetsbanken.info - February 10 at 2:02 AM
News IconAnalysts At Cowen Reiterated Spirit Airlines Inc (NASDAQ:SAVE) As Market Perform (NASDAQ:SAVE)
techknowbits.com - February 10 at 2:02 AM
News IconThe Spirit Airlines, Inc. (SAVE) Announces Earnings Results (NASDAQ:SAVE)
mlbinjurynews.com - February 10 at 2:02 AM
capitalcube.com logoSpirit Airlines, Inc. :SAVE-US: Earnings Analysis: Q4, 2016 By the Numbers : February 9, 2017 (NASDAQ:SAVE)
us.rd.yahoo.com - February 10 at 2:02 AM
finance.yahoo.com logoBaldanza: Tax reform also important to airline industry (NASDAQ:SAVE)
finance.yahoo.com - February 10 at 2:02 AM
News IconSpirit Airlines Incorporated (NASDAQ:SAVE) Shares Could Offer Over 20% Upside Potentials (NASDAQ:SAVE)
prensariotiretail.com - February 9 at 2:18 AM
capitalcube.com logoSpirit Airlines, Inc. :SAVE-US: Earnings Analysis: 2016 By the Numbers : February 8, 2017 (NASDAQ:SAVE)
us.rd.yahoo.com - February 9 at 2:18 AM
News IconWhat should investors know about Spirit Airlines Inc’s (SAVE) growth? (NASDAQ:SAVE)
simplywall.st - February 8 at 5:02 AM
marketexclusive.com logoSPIRIT AIRLINES, INC. (NASDAQ:SAVE) Files An 8-K Regulation FD Disclosure (NASDAQ:SAVE)
marketexclusive.com - February 8 at 5:02 AM
us.rd.yahoo.com logoSpirit Airlines Reports Fourth Quarter and Full Year 2016 Results (NASDAQ:SAVE)
us.rd.yahoo.com - February 8 at 5:02 AM
us.rd.yahoo.com logo6:33 am Spirit Airlines beats by $0.03, reports revs in-line (NASDAQ:SAVE)
us.rd.yahoo.com - February 8 at 5:02 AM
us.rd.yahoo.com logoSpirit Airlines (SAVE) Beats on Q4 Earnings (NASDAQ:SAVE)
us.rd.yahoo.com - February 8 at 5:02 AM
biz.yahoo.com logoSpirit Airlines Inc Earnings Call scheduled for 9:00 am ET today (NASDAQ:SAVE)
us.rd.yahoo.com - February 8 at 5:02 AM
finance.yahoo.com logoEdited Transcript of SAVE earnings conference call or presentation 7-Feb-17 2:00pm GMT (NASDAQ:SAVE)
finance.yahoo.com - February 8 at 5:02 AM
fool.com logoSpirit Airlines Incorporated Earnings: Profit Plunges on Higher Costs (NASDAQ:SAVE)
www.fool.com - February 7 at 10:58 AM
realistinvestor.com logoResearch Analysts Set Spirit Airlines, Inc. (NASDAQ:SAVE) Price Target at $67.4 - RealistInvestor.com (NASDAQ:SAVE)
www.realistinvestor.com - February 7 at 8:14 AM
sg.finance.yahoo.com logoSpirit beats 4Q profit forecasts (NASDAQ:SAVE)
sg.finance.yahoo.com - February 7 at 8:14 AM
biz.yahoo.com logoQ4 2016 Spirit Airlines Inc Earnings Release - Before Market Open (NASDAQ:SAVE)
biz.yahoo.com - February 7 at 8:14 AM
bizjournals.com logoSpirit Airlines cuts complaints by 64% (NASDAQ:SAVE)
www.bizjournals.com - February 7 at 8:14 AM
seekingalpha.com logoSpirit Airlines beats by $0.03, revenue in-line (NASDAQ:SAVE)
seekingalpha.com - February 7 at 6:45 AM
fool.com logoSpirit Airlines' Stock Recovery Is Just Getting Started (NASDAQ:SAVE)
www.fool.com - February 6 at 11:40 AM
News IconSpirit Airlines, Inc. (NASDAQ:SAVE) Long-Term Growth Estimate At $6.78 - Transcript Daily (NASDAQ:SAVE)
transcriptdaily.com - February 5 at 12:46 AM
marketrealist.com logoSpirit Airlines’ Valuation: What’s Priced In ahead of 4Q16? (NASDAQ:SAVE)
marketrealist.com - February 3 at 11:55 PM

Social

What is Spirit Airlines' stock symbol?

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

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

13 brokers have issued 1 year target prices for Spirit Airlines' shares. Their forecasts range from $52.00 to $68.00. On average, they expect Spirit Airlines' stock price to reach $60.56 in the next year.

When will Spirit Airlines announce their earnings?

Spirit Airlines is scheduled to release their next quarterly earnings announcement on Monday, April, 24th 2017.

Who owns Spirit Airlines stock?

Spirit Airlines' stock is owned by a variety of of retail and institutional investors. Top institutional investors include FMR LLC (10.71%), Franklin Resources Inc. (2.81%), Dimensional Fund Advisors LP (2.00%), Marshall Wace LLP (1.59%), State Street Corp (1.40%) and Artemis Investment Management LLP (1.02%). Company insiders that own Spirit Airlines stock include B Ben Baldanza, David G Elkins, Edmundo Miranda, Edward M Christie III, John A Bendoraitis, Laurie Villa, Robert Schroeter, Scott Haralson, Stuart I Oran and Thomas C Canfield.

Who sold Spirit Airlines stock? Who is selling Spirit Airlines stock?

Spirit Airlines' stock was sold by a variety of institutional investors in the last quarter, including Royce & Associates LP, Cortina Asset Management LLC, Mcclain Value Management LLC, Cipher Capital LP, Raymond James Financial Services Advisors Inc., Janus Capital Management LLC, Nicholas Investment Partners LP and Barings LLC. Company insiders that have sold Spirit Airlines stock in the last year include Edmundo Miranda, Edward M Christie III, John A Bendoraitis, Laurie Villa, Robert Schroeter and Scott Haralson.

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

Spirit Airlines' stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Tide Point Capital Management LP, GFI Investment Counsel Ltd., Calamos Advisors LLC, Sandia Holdings LLC, Castleark Management LLC, Artemis Investment Management LLP and Marshall Wace LLP. Company insiders that have bought Spirit Airlines stock in the last two years include B Ben Baldanza, David G Elkins and Thomas C Canfield.

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.

How much does a share of Spirit Airlines stock cost?

One share of Spirit Airlines stock can currently be purchased for approximately $51.92.

Spirit Airlines (NASDAQ:SAVE) Chart for Friday, February, 24, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Spirit Airlines (NASDAQ:SAVE)

Earnings History Chart

Earnings by Quarter for Spirit Airlines (NASDAQ:SAVE)

Dividend History Chart

Dividend Payments by Quarter for Spirit Airlines (NASDAQ:SAVE)

Last Updated on 2/24/2017 by MarketBeat.com Staff