NASDAQ:SAVE - Spirit Airlines Stock Price, News, & Analysis

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$50.41 +1.42 (+2.90 %)
(As of 10/16/2018 04:00 PM ET)
Previous Close$48.99
Today's Range$49.19 - $50.75
52-Week Range$32.99 - $49.63
Volume109,156 shs
Average Volume1.29 million shs
Market Capitalization$3.03 billion
P/E RatioN/A
Dividend YieldN/A
Spirit 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.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry N/A


Debt-to-Equity Ratio0.77
Current Ratio1.88
Quick Ratio1.88


Trailing P/E RatioN/A
Forward P/E Ratio16.37
P/E Growth1.82

Sales & Book Value

Annual Sales$2.32 billion
Price / Sales1.48
Cash Flow$6.4545 per share
Price / Cash7.81
Book Value$20.12 per share
Price / Book2.51


EPS (Most Recent Fiscal Year)N/A
Net Income$264.87 million
Net Margins8.55%
Return on Equity15.86%
Return on Assets6.62%


Outstanding Shares68,250,000
Market Cap$3.03 billion

Spirit Airlines (NASDAQ:SAVE) Frequently Asked Questions

What is Spirit Airlines' stock symbol?

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

How will Spirit Airlines' stock buyback program work?

Spirit Airlines announced that its Board of Directors has initiated a stock repurchase program on Thursday, October 26th 2017, which allows the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

How were Spirit Airlines' earnings last quarter?

Spirit Airlines Incorporated (NASDAQ:SAVE) released its quarterly earnings results on Wednesday, July, 25th. The transportation company reported $1.11 earnings per share for the quarter, beating analysts' consensus estimates of $1.09 by $0.02. The transportation company earned $851.80 million during the quarter, compared to analyst estimates of $851.83 million. Spirit Airlines had a return on equity of 15.86% and a net margin of 8.55%. Spirit Airlines's quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.14 earnings per share. View Spirit Airlines' Earnings History.

When is Spirit Airlines' next earnings date?

Spirit Airlines is scheduled to release their next quarterly earnings announcement on Thursday, October 25th 2018. View Earnings Estimates for Spirit Airlines.

What price target have analysts set for SAVE?

14 analysts have issued 12 month target prices for Spirit Airlines' stock. Their predictions range from $42.00 to $72.00. On average, they anticipate Spirit Airlines' share price to reach $53.4167 in the next year. This suggests a possible upside of 5.9% from the stock's current price. View Analyst Price Targets for Spirit Airlines.

What is the consensus analysts' recommendation for Spirit Airlines?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spirit Airlines in the last year. There are currently 5 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Spirit Airlines.

Who are Spirit Airlines' key executives?

Spirit Airlines' management team includes the folowing people:
  • H. McIntyre Gardner, Independent Chairman of the Board (Age 55)
  • Edward M. Christie III, President, Director (Age 46)
  • Robert L. Fornaro, Chief Executive Officer, Director (Age 64)
  • John Bendoraitis, Chief Operating Officer, Senior Vice President (Age 53)
  • Martha Laurie Villa, Chief Human Resource Officer, Vice President (Age 56)
  • Rocky B. Wiggins, Senior Vice President, Chief Information Officer (Age 58)
  • Thomas C. Canfield, Senior Vice President, General Counsel, Secretary (Age 61)
  • Matthew H. Klein, Senior Vice President, Chief Commercial Officer (Age 43)
  • Brian McMenamy CPA, Principal Accounting Officer, Vice President, Controller
  • Scott M. Haralson, Vice President - Financial Planning and Analysis (Age 44)

Who are Spirit Airlines' major shareholders?

Spirit Airlines' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Scout Investments Inc. (1.15%), Hennessy Advisors Inc. (0.85%), State of New Jersey Common Pension Fund D (0.44%), Fox Run Management L.L.C. (0.02%) and NJ State Employees Deferred Compensation Plan (0.01%). Company insiders that own Spirit Airlines stock include Edmundo Miranda, Edward M Christie III, H Mcintyre Gardner, John A Bendoraitis, Laurie Villa, Robert D Johnson, Robert Schroeter, Rocky Wiggins and Scott Haralson. View Institutional Ownership Trends for Spirit Airlines.

Which institutional investors are selling Spirit Airlines stock?

SAVE stock was sold by a variety of institutional investors in the last quarter, including Scout Investments Inc., State of New Jersey Common Pension Fund D and NJ State Employees Deferred Compensation Plan. Company insiders that have sold Spirit Airlines company stock in the last year include John A Bendoraitis, Robert D Johnson and Rocky Wiggins. View Insider Buying and Selling for Spirit Airlines.

Which institutional investors are buying Spirit Airlines stock?

SAVE stock was bought by a variety of institutional investors in the last quarter, including Hennessy Advisors Inc. and Fox Run Management L.L.C.. View Insider Buying and Selling for Spirit Airlines.

How do I buy shares of Spirit Airlines?

Shares of SAVE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Spirit Airlines' stock price today?

One share of SAVE stock can currently be purchased for approximately $50.46.

How big of a company is Spirit Airlines?

Spirit Airlines has a market capitalization of $3.03 billion and generates $2.32 billion in revenue each year. Spirit Airlines employs 5,159 workers across the globe.

What is Spirit Airlines' official website?

The official website for Spirit Airlines is

How can I contact Spirit Airlines?

Spirit Airlines' mailing address is 2800 Executive Way, MIRAMAR, FL 33025, United States. The transportation company can be reached via phone at +1-954-4477920 or via email at [email protected]

MarketBeat Community Rating for Spirit Airlines (NASDAQ SAVE)

Community Ranking:  3.3 out of 5 (star star star)
Outperform Votes:  732 (Vote Outperform)
Underperform Votes:  374 (Vote Underperform)
Total Votes:  1,106
MarketBeat's community ratings are surveys of what our community members think about Spirit Airlines and other stocks. Vote "Outperform" if you believe SAVE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SAVE will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 10/16/2018 by Staff

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