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

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$53.83 +0.98 (+1.85 %)
(As of 03/19/2019 01:37 PM ET)
Previous Close$52.85
Today's Range$53.15 - $54.33
52-Week Range$34.36 - $65.35
Volume23,532 shs
Average Volume1.31 million shs
Market Capitalization$3.68 billion
P/E RatioN/A
Dividend YieldN/A
BetaN/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

Industry N/A
Sub-IndustryAirlines
SectorN/A
Current SymbolNASDAQ:SAVE
CUSIP84857710
Phone+1-954-4477920

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

EmployeesN/A
Market Cap$3.68 billion
Next Earnings Date4/25/2019 (Estimated)
OptionableOptionable

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 has authorized a stock buyback program on Thursday, October 26th 2017, which permits the company to buyback $100,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's management believes its stock is undervalued.

How were Spirit Airlines' earnings last quarter?

Spirit Airlines Incorporated (NASDAQ:SAVE) issued its earnings results on Tuesday, February, 5th. The transportation company reported $1.38 EPS for the quarter, hitting the consensus estimate of $1.38. The transportation company earned $862.80 million during the quarter, compared to the consensus estimate of $861.65 million. The company's revenue for the quarter was up 29.5% on a year-over-year basis. During the same period last year, the company posted $0.73 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, April 25th 2019. View Earnings Estimates for Spirit Airlines.

What price target have analysts set for SAVE?

18 equities research analysts have issued twelve-month price targets for Spirit Airlines' stock. Their forecasts range from $52.00 to $92.00. On average, they expect Spirit Airlines' stock price to reach $70.5714 in the next year. This suggests a possible upside of 31.1% from the stock's current price. View Analyst Price Targets for Spirit Airlines.

What is the consensus analysts' recommendation for Spirit Airlines?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spirit Airlines in the last year. There are currently 3 hold ratings, 14 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Spirit Airlines.

Has Spirit Airlines been receiving favorable news coverage?

Media headlines about SAVE stock have trended positive this week, InfoTrie reports. The research group ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Spirit Airlines earned a news sentiment score of 2.6 on InfoTrie's scale. They also gave press coverage about the transportation company a news buzz of 9.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the next several days.

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 number of of retail and institutional investors. Top institutional shareholders include FMR LLC (14.99%), BlackRock Inc. (7.05%), Dimensional Fund Advisors LP (6.35%), Mackenzie Financial Corp (2.53%), Bank of America Corp DE (1.30%) and Northern Trust Corp (1.24%). Company insiders that own Spirit Airlines stock include Edmundo Miranda, H Mcintyre Gardner, John A Bendoraitis, Robert D Johnson and Rocky Wiggins. View Institutional Ownership Trends for Spirit Airlines.

Which major investors are selling Spirit Airlines stock?

SAVE stock was sold by a variety of institutional investors in the last quarter, including Tyvor Capital LLC, Polar Capital LLP, Scout Investments Inc., Hodges Capital Management Inc., Mackenzie Financial Corp, State of New Jersey Common Pension Fund D, Royce & Associates LP and Pekin Singer Strauss Asset Management IL. 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 major investors are buying Spirit Airlines stock?

SAVE stock was acquired by a variety of institutional investors in the last quarter, including Columbus Circle Investors, D. E. Shaw & Co. Inc., Two Sigma Investments LP, Victory Capital Management Inc., BlackRock Inc., Bank of America Corp DE, Norges Bank and Millennium Management LLC. 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 $53.83.

How big of a company is Spirit Airlines?

Spirit Airlines has a market capitalization of $3.68 billion.

What is Spirit Airlines' official website?

The official website for Spirit Airlines is https://www.spirit.com/.

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:  777 (Vote Outperform)
Underperform Votes:  412 (Vote Underperform)
Total Votes:  1,189
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 3/19/2019 by MarketBeat.com Staff

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