NYSE:SAVE Spirit Airlines (SAVE) Stock Price, News & Analysis → The world’s greatest investment (From Porter & Company) (Ad) Free SAVE Stock Alerts $4.28 0.00 (0.00%) (As of 03/18/2024 ET) Add Compare Share Share Today's Range$4.12▼$4.4050-Day Range$4.29▼$16.2652-Week Range$4.04▼$19.69Volume5.65 million shsAverage Volume7.13 million shsMarket Capitalization$469.12 millionP/E RatioN/ADividend YieldN/APrice Target$8.17 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Spirit Airlines alerts: Email Address Spirit Airlines MarketRank™ Stock AnalysisAnalyst RatingReduce1.50 Rating ScoreUpside/Downside90.6% Upside$8.17 Price TargetShort InterestHealthy20.31% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.17Based on 11 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($2.80) to ($1.57) Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.15 out of 5 starsTransportation Sector67th out of 123 stocksAir Transportation, Scheduled Industry11th out of 18 stocks 3.8 Analyst's Opinion Consensus RatingSpirit Airlines has received a consensus rating of Reduce. The company's average rating score is 1.50, and is based on no buy ratings, 3 hold ratings, and 3 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $8.17, Spirit Airlines has a forecasted upside of 90.6% from its current price of $4.29.Amount of Analyst CoverageSpirit Airlines has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 4.0 Short Interest Percentage of Shares Shorted20.31% of the float of Spirit Airlines has been sold short.Short Interest Ratio / Days to CoverSpirit Airlines has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Spirit Airlines has recently decreased by 8.07%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldSpirit Airlines does not currently pay a dividend.Dividend GrowthSpirit Airlines does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for SAVE. Previous Next 1.8 News and Social Media Coverage News SentimentSpirit Airlines has a news sentiment score of 0.17. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 11 news articles for Spirit Airlines this week, compared to 18 articles on an average week.Search InterestOnly 73 people have searched for SAVE on MarketBeat in the last 30 days. This is a decrease of -46% compared to the previous 30 days.MarketBeat Follows36 people have added Spirit Airlines to their MarketBeat watchlist in the last 30 days. This is an increase of 29% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Spirit Airlines insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.55% of the stock of Spirit Airlines is held by insiders.Percentage Held by Institutions65.22% of the stock of Spirit Airlines is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Spirit Airlines are expected to grow in the coming year, from ($2.80) to ($1.57) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Spirit Airlines is -1.05, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Spirit Airlines is -1.05, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioSpirit Airlines has a P/B Ratio of 0.41. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Paradigm Press8,788% Return Predicted For THIS Crypto (already up 40% in 6 months)THIS cryptocurrency has gained 40% in 6 months. A crypto millionaire who has researched the space for a decade says it will go up 8,788% in 5 years. The name of this cryptocurrency is revealed right here: Click to get the name of the cryptocurrency About Spirit Airlines Stock (NYSE:SAVE)Spirit Airlines, Inc. provides airline services. The company also offers hotels and rental cars services. It serves 93 destinations in 15 countries in the United States, Latin America, and the Caribbean. As of December 31, 2023, the company operated a fleet of 205 Airbus single-aisle aircraft. The company was formerly known as Clippert Trucking Company and changed its name to Spirit Airlines, Inc. in 1992. Spirit Airlines, Inc. was incorporated in 1964 and is headquartered in Miramar, Florida.Read More SAVE Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SAVE Stock News HeadlinesMarch 4, 2024 | marketbeat.comJetBlue Airways, facing pushback from antitrust regulators in US, ends bid to buy Spirit AirlinesJetBlue Airways, facing pushback from antitrust regulators in US, ends bid to buy Spirit AirlinesMarch 18, 2024 | msn.comFormer Spirit Airlines CEO, now battling ALS, gets ‘new’ AI voice based on his own pre-disease voiceMarch 19, 2024 | Crypto 101 Media (Ad)Like Tiny Crypto Retirement FundsThe crypto bull market is about to blast off. Bitcoin and Ethereum are surging. But so are tiny altcoins that could be so profitable… They're like tiny crypto retirement funds. March 17, 2024 | bizjournals.comHospitality Tracker: Spirit, JetBlue kill $3.8 billion merger; Renowned chef to open upscale condo restaurantMarch 16, 2024 | bizjournals.comThese are the busiest airlines at Orlando International AirportMarch 15, 2024 | benzinga.comSmart Money Is Betting Big In SAVE OptionsMarch 15, 2024 | finance.yahoo.comYounger travelers are planning more, even turning to travel agentsMarch 15, 2024 | nbcnews.comSeat belt saved passenger’s life on Boeing Alaska Airlines flight that suffered door panel blowout, new lawsuit claimsMarch 19, 2024 | Crypto 101 Media (Ad)Like Tiny Crypto Retirement FundsThe crypto bull market is about to blast off. Bitcoin and Ethereum are surging. But so are tiny altcoins that could be so profitable… They're like tiny crypto retirement funds. March 14, 2024 | msn.comJetBlue CEO Says Spirit Was 'Distraction': Stock Strikes Golden Cross As Airline Focuses On Core MarketsMarch 13, 2024 | forbes.comBoeing Recorded Over Alaska Airlines Repair Footage, NTSB Chair SaysMarch 13, 2024 | news.yahoo.comSpirit Airlines offers $31.30 one-way flights from DTW to select locations for 313 DayMarch 12, 2024 | bizjournals.comAs Frontier Airlines expands in Houston, carrier adds new seating option to appeal to business travelersMarch 12, 2024 | msn.comFive things to know about Frontier Airlines in South Florida: Some love it, others don'tMarch 11, 2024 | msn.comJustice Department investigating door plug blowout on Alaska Airlines flightMarch 11, 2024 | finance.yahoo.comCORRECTED-TIMELINE-DoJ sues to block JetBlue, Spirit Airlines mergerMarch 11, 2024 | benzinga.comUnpacking the Latest Options Trading Trends in Spirit AirlinesMarch 10, 2024 | msn.comSpirit Airlines faces Chapter 11 bankruptcy fearsMarch 9, 2024 | msn.comSpeculating on Spirit Airlines (NYSE:SAVE) Stock at this Point is Fraught with PerilMarch 8, 2024 | wsj.comThe Score: Spirit Airlines, Target, Broadcom and More Stocks That Defined the WeekMarch 8, 2024 | bizjournals.comAs JetBlue merger deal falls through, Spirit Airlines adds CLT flight to IAH in HoustonMarch 8, 2024 | fool.comWhy Spirit Airlines Stock Fell (Again) This WeekMarch 8, 2024 | benzinga.comTop 3 Industrials That Are Preparing To Pump In Q1 - SOS (NYSE:SOS), Spirit Airlines (NYSE:SAVE)March 7, 2024 | bizjournals.comAs JetBlue deal dies, Spirit Airlines ends an Orlando flightMarch 7, 2024 | finance.yahoo.comThe Zacks Analyst Blog Highlights JetBlue Airways, Spirit Airlines, SkyWest, United Airlines and RyanairMarch 6, 2024 | bizjournals.comSpirit, JetBlue kill $3.8B merger after federal court blocks dealMarch 6, 2024 | reuters.comSpirit Airlines faces tough road after JetBlue merger falls throughSee More Headlines Receive SAVE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Spirit Airlines and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 1/31 Dividend1/24/2024Dividend Payable1/31/2024Last Earnings2/08/2024Ex-Dividend for 2/29 Dividend2/22/2024Dividend Payable2/29/2024Today3/19/2024Next Earnings (Estimated)4/24/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorTransportation Industry Air transportation, scheduled Sub-IndustryN/A Current SymbolNYSE:SAVE CUSIPN/A CIK1498710 Webwww.spirit.com Phone(954) 447-7920Fax954-447-7979Employees13,167Year FoundedN/APrice Target and Rating Average Stock Price Target$8.17 High Stock Price Target$20.00 Low Stock Price Target$4.00 Potential Upside/Downside+90.6%Consensus RatingReduce Rating Score (0-4)1.50 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)($4.09) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-447,460,000.00 Net Margins-8.34% Pretax Margin-10.42% Return on Equity-26.38% Return on Assets-3.80% Debt Debt-to-Equity Ratio2.69 Current Ratio0.90 Quick Ratio0.90 Sales & Book Value Annual Sales$5.36 billion Price / Sales0.09 Cash FlowN/A Price / Cash FlowN/A Book Value$10.39 per share Price / Book0.41Miscellaneous Outstanding Shares109,480,000Free Float108,876,000Market Cap$469.12 million OptionableOptionable Beta1.38 7 Energy Stocks to Buy and Hold ForeverDo you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.Get This Free Report Key ExecutivesMr. Edward M. Christie III (Age 53)President, CEO & Director Comp: $1.85MMr. Scott M. Haralson (Age 51)Executive VP & CFO Comp: $841.27kMr. John Bendoraitis (Age 60)Executive VP & COO Comp: $964.05kMs. Melinda C. Grindle (Age 50)Senior VP & Chief Human Resources Officer Comp: $657.28kMr. Matthew H. Klein (Age 50)Executive VP & Chief Commercial Officer Comp: $879.3kMr. Rocky B. Wiggins (Age 65)Senior VP & Chief Information Officer Comp: $798.12kDeAnne GabelSenior Director of Investor RelationsMr. Thomas C. Canfield (Age 68)Senior VP, General Counsel & Company Secretary Comp: $701.45kMr. Robert A. Schroeter (Age 46)Senior VP & Chief Marketing Officer Comp: $405.77kMr. Brian J. McMenamy (Age 65)VP & Controller More ExecutivesKey CompetitorsHawaiianNASDAQ:HASun Country AirlinesNASDAQ:SNCYAllegiant TravelNASDAQ:ALGTFrontier GroupNASDAQ:ULCCCoolNYSE:CLCOView All CompetitorsInstitutional OwnershipHBK Investments L PBought 1,832,500 shares on 3/14/2024Ownership: 0.000%Vanguard Group Inc.Bought 68,710 shares on 3/11/2024Ownership: 9.517%Goldman Sachs Group Inc.Bought 859,700 shares on 3/1/2024Ownership: 0.000%Readystate Asset Management LPBought 187,420 shares on 2/20/2024Ownership: 0.171%Quarry LPBought 60,000 shares on 2/20/2024Ownership: 0.000%View All Institutional Transactions SAVE Stock Analysis - Frequently Asked Questions Should I buy or sell Spirit Airlines stock right now? 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spirit Airlines in the last year. There are currently 3 sell ratings and 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" SAVE shares. View SAVE analyst ratings or view top-rated stocks. What is Spirit Airlines' stock price target for 2024? 6 equities research analysts have issued 1-year target prices for Spirit Airlines' stock. Their SAVE share price targets range from $4.00 to $20.00. On average, they anticipate the company's stock price to reach $8.17 in the next year. This suggests a possible upside of 90.6% from the stock's current price. View analysts price targets for SAVE or view top-rated stocks among Wall Street analysts. How have SAVE shares performed in 2024? Spirit Airlines' stock was trading at $16.39 at the start of the year. Since then, SAVE shares have decreased by 73.9% and is now trading at $4.2850. View the best growth stocks for 2024 here. When is Spirit Airlines' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024. View our SAVE earnings forecast. How were Spirit Airlines' earnings last quarter? Spirit Airlines, Inc. (NYSE:SAVE) posted its earnings results on Thursday, February, 8th. The company reported ($1.36) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.42) by $0.06. The company had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.32 billion. Spirit Airlines had a negative net margin of 8.34% and a negative trailing twelve-month return on equity of 26.38%. The firm's revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 earnings per share. How often does Spirit Airlines pay dividends? What is the dividend yield for Spirit Airlines? Spirit Airlines announced a dividend on Tuesday, February 13th. Investors of record on Friday, February 23rd will be given a dividend of $0.10 per share on Thursday, February 29th. The ex-dividend date is Thursday, February 22nd. Read our dividend analysis for SAVE. What ETFs hold Spirit Airlines' stock? ETFs with the largest weight of Spirit Airlines (NYSE:SAVE) stock in their portfolio include Roundhill MEME ETF (MEME), SPDR S&P Transportation ETF (XTN), AltShares Merger Arbitrage ETF (ARB), Direxion Daily Travel & Vacation Bull 2X Shares (OOTO), Defiance Hotel, Airline, and Cruise ETF (CRUZ) and iShares U.S. Transportation ETF (IYT).Direxion Daily Transportation Bull 3X Shares (TPOR). What guidance has Spirit Airlines issued on next quarter's earnings? Spirit Airlines issued an update on its first quarter 2024 earnings guidance on Thursday, February, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.2 billion. What is Ted Christie's approval rating as Spirit Airlines' CEO? 78 employees have rated Spirit Airlines Chief Executive Officer Ted Christie on Glassdoor.com. Ted Christie has an approval rating of 93% among the company's employees. This puts Ted Christie in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. Who are Spirit Airlines' major shareholders? Spirit Airlines' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.52%), Vanguard Group Inc. (9.52%), Nomura Holdings Inc. (0.00%), Balyasny Asset Management L.P. (0.00%), Dimensional Fund Advisors LP (2.88%) and III Capital Management (0.00%). View institutional ownership trends. How do I buy shares of Spirit Airlines? Shares of SAVE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:SAVE) was last updated on 3/19/2024 by MarketBeat.com Staff From Our PartnersCentral Bank Gold Heist In ProgressColonial Metals8,788% Return Predicted For THIS Crypto (already up 40% in 6 months)Paradigm PressLike Tiny Crypto Retirement FundsCrypto 101 MediaMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceThe world’s greatest investmentPorter & CompanySHOCKING Footage From Tesla Gigafactory In Austin, TexasInvestorPlaceThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading Academytop AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)Traders Agency Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Spirit Airlines, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.