Spirit Airlines Incorporated Company Profile (NASDAQ:SAVE)

About Spirit Airlines Incorporated (NASDAQ:SAVE)

Spirit Airlines Incorporated 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: Major Airlines
  • Sub-Industry: Airlines
  • Symbol: NASDAQ:SAVE
  • CUSIP: 84857710
  • Web: www.spirit.com
Capitalization:
  • Market Cap: $3.68 billion
  • Outstanding Shares: 69,369,000
Average Prices:
  • 50 Day Moving Avg: $55.55
  • 200 Day Moving Avg: $54.57
  • 52 Week Range: $37.17 - $60.40
P/E:
  • Trailing P/E Ratio: 15.79
  • Foreward P/E Ratio: 11.18
  • P/E Growth: 1.40
Sales & Book Value:
  • Annual Revenue: $2.38 billion
  • Price / Sales: 1.55
  • Book Value: $20.59 per share
  • Price / Book: 2.58
Profitability:
  • EBIDTA: $503.53 million
  • 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%
Misc:
  • Average Volume: 1.06 million shs.
  • Beta: 0.78
  • Short Ratio: 3.23
 

Frequently Asked Questions for Spirit Airlines Incorporated (NASDAQ:SAVE)

What is Spirit Airlines Incorporated's stock symbol?

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

How were Spirit Airlines Incorporated's earnings last quarter?

Spirit Airlines Incorporated (NASDAQ:SAVE) issued its quarterly earnings results on Friday, April, 28th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.49 by $0.02. The business had revenue of $591.80 million for the quarter, compared to analysts' expectations of $591.31 million. Spirit Airlines Incorporated had a net margin of 11.41% and a return on equity of 22.22%. The company's quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.01 earnings per share. View Spirit Airlines Incorporated's Earnings History.

When will Spirit Airlines Incorporated make its next earnings announcement?

Spirit Airlines Incorporated is scheduled to release their next quarterly earnings announcement on Thursday, July, 27th 2017. View Earnings Estimates for Spirit Airlines Incorporated.

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

10 equities research analysts have issued twelve-month price targets for Spirit Airlines Incorporated's shares. Their predictions range from $46.00 to $75.00. On average, they anticipate Spirit Airlines Incorporated's stock price to reach $62.38 in the next twelve months. View Analyst Ratings for Spirit Airlines Incorporated.

Who are some of Spirit Airlines Incorporated's key competitors?

Who owns Spirit Airlines Incorporated stock?

Spirit Airlines Incorporated's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include FMR LLC (9.15%), Vanguard Group Inc. (7.74%), Wellington Management Group LLP (5.40%), Wells Fargo & Company MN (4.46%), BlackRock Inc. (3.88%) and Jennison Associates LLC (3.82%). Company insiders that own Spirit Airlines Incorporated stock include B Ben Baldanza, David G Elkins, Edmundo Miranda, Edward M Christie III, John A Bendoraitis, Laurie Villa, Robert Schroeter, Scott Haralson and Thomas C Canfield. View Institutional Ownership Trends for Spirit Airlines Incorporated.

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

Spirit Airlines Incorporated's stock was sold by a variety of institutional investors in the last quarter, including Marshall Wace LLP, FMR LLC, Columbus Circle Investors, JPMorgan Chase & Co., First Trust Advisors LP, BlueCrest Capital Management Ltd, Sandia Holdings LLC and Victory Capital Management Inc.. Company insiders that have sold Spirit Airlines Incorporated stock in the last year include Edmundo Miranda, Edward M Christie III, John A Bendoraitis, Laurie Villa, Robert Schroeter and Scott Haralson. View Insider Buying and Selling for Spirit Airlines Incorporated.

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

Spirit Airlines Incorporated's stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Strs Ohio, Wells Fargo & Company MN, Scout Investments Inc., MARSHALL WACE ASIA Ltd, Marshall Wace North America L.P., Prudential Financial Inc. and Dimensional Fund Advisors LP. Company insiders that have bought Spirit Airlines Incorporated stock in the last two years include B Ben Baldanza, David G Elkins and Thomas C Canfield. View Insider Buying and Selling for Spirit Airlines Incorporated.

How do I buy Spirit Airlines Incorporated stock?

Shares of Spirit Airlines Incorporated 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 Incorporated stock cost?

One share of Spirit Airlines Incorporated stock can currently be purchased for approximately $53.12.

Analyst Ratings

Consensus Ratings for Spirit Airlines Incorporated (NASDAQ:SAVE) (?)
Ratings Breakdown: 5 Hold Ratings, 4 Buy Ratings, 1 Strong Buy Rating
Consensus Rating:Buy (Score: 2.60)
Consensus Price Target: $62.38 (17.42% upside)

Analysts' Ratings History for Spirit Airlines Incorporated (NASDAQ:SAVE)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/19/2017Imperial CapitalReiterated RatingOutperformLowView Rating Details
4/22/2017Stifel NicolausReiterated RatingBuy$75.00LowView Rating Details
4/22/2017Citigroup IncReiterated RatingNeutral$58.00 -> $60.00LowView Rating Details
4/18/2017Cowen and CompanyBoost Price TargetMarket Perform$58.00 -> $62.00MediumView Rating Details
4/14/2017Deutsche Bank AGBoost Price TargetBuy$44.00 -> $46.00N/AView Rating Details
12/16/2016Morgan StanleyReiterated RatingEqual WeightN/AView Rating Details
12/15/2016Barclays PLCInitiated CoverageEqual Weight$67.00N/AView Rating Details
9/13/2016Credit Suisse Group AGSet Price TargetBuy$55.00N/AView Rating Details
8/4/2016Raymond James Financial, Inc.UpgradeOutperform -> Strong-Buy$59.00N/AView Rating Details
8/2/2016Wolfe ResearchDowngradeOutperform -> Market PerformN/AView Rating Details
5/16/2016Sterne Agee CRTReiterated RatingBuyN/AView Rating Details
4/23/2016Buckingham ResearchReiterated RatingBuyN/AView Rating Details
4/20/2016JPMorgan Chase & Co.DowngradeOverweight -> Neutral$51.00 -> $52.00N/AView Rating Details
4/18/2016Bank of America CorpReiterated 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
8/26/2015Standpoint ResearchUpgradeHold -> BuyN/AView Rating Details
6/1/2015SidotiUpgradeNeutral -> Buy$81.00 -> $83.00N/AView Rating Details
(Data available from 5/24/2015 forward)

Earnings

Earnings History for Spirit Airlines Incorporated (NASDAQ:SAVE)
Earnings by Quarter for Spirit Airlines Incorporated (NASDAQ:SAVE)
Earnings History by Quarter for Spirit Airlines Incorporated (NASDAQ:SAVE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/27/2017        
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 Incorporated (NASDAQ:SAVE)
2017 EPS Consensus Estimate: $4.25
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.51$0.51$0.51
Q2 20171$1.26$1.26$1.26
Q3 20171$1.49$1.49$1.49
Q4 20171$0.99$0.99$0.99
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Spirit Airlines Incorporated (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 Incorporated (NASDAQ:SAVE)
Insider Ownership Percentage: 0.26%
Institutional Ownership Percentage: 96.91%
Insider Trades by Quarter for Spirit Airlines Incorporated (NASDAQ:SAVE)
Institutional Ownership by Quarter for Spirit Airlines Incorporated (NASDAQ:SAVE)
Insider Trades by Quarter for Spirit Airlines Incorporated (NASDAQ:SAVE)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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 Incorporated (NASDAQ:SAVE)
Latest Headlines for Spirit Airlines Incorporated (NASDAQ:SAVE)
Source:
DateHeadline
finance.yahoo.com logoSpirit Airlines Celebrates its 100th Plane with $100 Giveaway for Customers
finance.yahoo.com - May 24 at 9:37 AM
finance.yahoo.com logoThe Latest: Investigators hunt for accomplices of bomber
finance.yahoo.com - May 24 at 9:37 AM
finance.yahoo.com logoSpirit Airlines opens $32 million hangar at Detroit airport
finance.yahoo.com - May 24 at 9:37 AM
finance.yahoo.com logoIs Spirit Airlines a Great Stock for Value Investors?
finance.yahoo.com - May 23 at 7:03 PM
finance.yahoo.com logoCancun Calling! Spirit Airlines to Begin Flights from Baltimore/Washington and Chicago to Mexican Vacation Hotspot
finance.yahoo.com - May 22 at 6:45 PM
finance.yahoo.com logoSpirit Airlines to begin international service out of BWI
finance.yahoo.com - May 22 at 6:45 PM
americanbankingnews.com logoSpirit Airlines' (SAVE) Outperform Rating Reaffirmed at Imperial Capital
www.americanbankingnews.com - May 20 at 9:28 AM
finance.yahoo.com logoSpirit says fewer flights being canceled since injunction
finance.yahoo.com - May 19 at 12:36 PM
finance.yahoo.com logoSpirit Airlines steadies operations as mass cancellations end
finance.yahoo.com - May 19 at 12:36 PM
finance.yahoo.com logoDelta tops in on-time flights, Spirit worst for complaints
finance.yahoo.com - May 16 at 7:36 PM
finance.yahoo.com logoAirline satisfaction at an all-time high despite recent controversies?
finance.yahoo.com - May 12 at 11:12 PM
americanbankingnews.com logoSpirit Airlines Incorporated (SAVE) Receives Average Rating of "Buy" from Brokerages
www.americanbankingnews.com - May 12 at 10:58 PM
streetinsider.com logoForm 8-K Spirit Airlines, Inc. For: May 11
www.streetinsider.com - May 11 at 8:08 PM
finance.yahoo.com logoSpirit Airlines and Pilot Union Agree to Extend Temporary Restraining Order and Restore the Status Quo
finance.yahoo.com - May 11 at 8:08 PM
finance.yahoo.com logoSpirit Airlines, pilot union agree to extend restraining order
finance.yahoo.com - May 11 at 8:08 PM
finance.yahoo.com logoSpirit Airlines, pilots agree to keep talking over contract
finance.yahoo.com - May 11 at 8:08 PM
finance.yahoo.com logoSpirit Airlines reaches agreement with pilots to get back to work until wage negotiations end
finance.yahoo.com - May 11 at 8:08 PM
finance.yahoo.com logoUnlike Congress, U.S. passengers seem extraordinarily forgiving toward airlines
finance.yahoo.com - May 11 at 8:05 AM
finance.yahoo.com logoSpirit Airlines flight cancellations continue at Fort Lauderdale-Hollywood International Airport
finance.yahoo.com - May 10 at 7:56 PM
finance.yahoo.com logoUnion pilots say they'll help restore Spirit operations
finance.yahoo.com - May 10 at 11:02 AM
finance.yahoo.com logoUS Sen. Nelson to Spirit Airlines CEO: 'Get this thing fixed and get it fixed quick'
finance.yahoo.com - May 10 at 11:02 AM
nytimes.com logoAirport Melee Follows Latest Dispute Between Airline and Its Pilots - New York Times
www.nytimes.com - May 10 at 9:40 AM
reuters.com logoFights erupt at Florida airport after Spirit flights canceled
www.reuters.com - May 9 at 7:13 PM
finance.yahoo.com logoSpirit's stock loses altitude after carrier files lawsuit against pilots
finance.yahoo.com - May 9 at 7:13 PM
finance.yahoo.com logoFederal Court Grants Spirit Airlines Temporary Restraining Order Compelling Union Pilots to Return to Status Quo
finance.yahoo.com - May 9 at 7:13 PM
finance.yahoo.com logoThe Spirit Airlines brawl is a frightening new low in US air travel
finance.yahoo.com - May 9 at 7:13 PM
finance.yahoo.com logoNot All Airline Fights Are The Same For Investors
finance.yahoo.com - May 9 at 7:13 PM
finance.yahoo.com logoSpirit Airlines Flight Cancellations Spike: Are Pilots on Strike?
finance.yahoo.com - May 9 at 7:13 PM
finance.yahoo.com logoSpirit Airlines apologizes for flight cancellations as court orders pilots to return to status quo
finance.yahoo.com - May 9 at 7:13 PM
finance.yahoo.com logoETFs with exposure to Spirit Airlines, Inc. : May 9, 2017
finance.yahoo.com - May 9 at 7:13 PM
feeds.benzinga.com logoFists Fly In Florida, Qantas CEO Takes Pie In Face In Latest Round of Airline Imbroglios
feeds.benzinga.com - May 9 at 2:48 PM
seekingalpha.com logoSpirit Airlines said to win court order on pilot shutdown
seekingalpha.com - May 9 at 1:43 PM
latimes.com logoBrawls break out at Florida airport after several Spirit flights canceled
www.latimes.com - May 9 at 10:50 AM
nasdaq.com logoFlorida airport falls into disarray after Spirit flights canceled
www.nasdaq.com - May 9 at 10:38 AM
finance.yahoo.com logoChaos at Florida airport after Spirit flights canceled
finance.yahoo.com - May 9 at 10:38 AM
finance.yahoo.com logoSpirit Airlines files lawsuit against pilots union
finance.yahoo.com - May 9 at 10:38 AM
finance.yahoo.com logoThis is why a brawl broke out among Spirit passengers in Fort Lauderdale
finance.yahoo.com - May 9 at 10:38 AM
usatoday.com logoSpirit Airlines: Chaos, fights erupt as cancellations roil carrier - USA TODAY
www.usatoday.com - May 9 at 8:59 AM
americanbankingnews.com logoInsider Selling: Spirit Airlines Incorporated (SAVE) VP Sells 3,131 Shares of Stock
www.americanbankingnews.com - May 8 at 7:56 PM
finance.yahoo.com logoSpirit Airlines, Inc. :SAVE-US: Earnings Analysis: Q1, 2017 By the Numbers : May 8, 2017
finance.yahoo.com - May 8 at 7:05 PM
finance.yahoo.com logoHealth care fight shifts to Senate, where GOP wants a reboot
finance.yahoo.com - May 8 at 7:05 PM
finance.yahoo.com logoPrice defends cutting nearly $1 trillion from Medicaid
finance.yahoo.com - May 8 at 11:35 AM
americanbankingnews.com logoZacks: Brokerages Anticipate Spirit Airlines Incorporated (SAVE) Will Post Quarterly Sales of $715.3 Million
www.americanbankingnews.com - May 6 at 8:46 AM
americanbankingnews.com logoBrokers Set Expectations for Spirit Airlines Incorporated's FY2019 Earnings (SAVE)
www.americanbankingnews.com - May 4 at 7:58 PM
americanbankingnews.com logo Brokerages Anticipate Spirit Airlines Incorporated (SAVE) to Announce $1.19 Earnings Per Share
www.americanbankingnews.com - May 4 at 4:04 PM
americanbankingnews.com logoSpirit Airlines (SAVE) Given Daily News Impact Rating of 0.29
www.americanbankingnews.com - May 3 at 10:08 PM
finance.yahoo.com logoThis is why American tourists don’t want to travel to Cuba
finance.yahoo.com - May 3 at 7:13 PM
finance.yahoo.com logoSpirit Airlines Is Gaining Momentum
finance.yahoo.com - May 3 at 7:13 PM
americanbankingnews.com logoSpirit Airlines Incorporated (SAVE) to Post Q2 2017 Earnings of $1.26 Per Share, Imperial Capital Forecasts
www.americanbankingnews.com - May 3 at 7:56 AM
fool.com logoA Stronger Revenue Picture Emerges at Spirit Airlines
www.fool.com - May 2 at 11:47 AM

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Spirit Airlines Incorporated (SAVE) Chart for Wednesday, May, 24, 2017

This page was last updated on 5/24/2017 by MarketBeat.com Staff