Spirit Airlines Company Profile (NASDAQ:SAVE)

About Spirit Airlines (NASDAQ:SAVE)

Spirit Airlines 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: Airlines - NEC
  • Sub-Industry: Airlines
  • Symbol: NASDAQ:SAVE
  • CUSIP: 84857710
  • Web: www.spirit.com
  • Market Cap: $3.4 billion
  • Outstanding Shares: 69,369,000
Average Prices:
  • 50 Day Moving Avg: $53.20
  • 200 Day Moving Avg: $53.92
  • 52 Week Range: $37.17 - $60.40
  • Trailing P/E Ratio: 14.89
  • Foreward P/E Ratio: 10.13
  • P/E Growth: 1.29
Sales & Book Value:
  • Annual Revenue: $2.38 billion
  • Price / Sales: 1.43
  • Book Value: $20.59 per share
  • Price / Book: 2.38
  • EBIDTA: $503.53 million
  • Net Margins: 9.89%
  • Return on Equity: 18.60%
  • Return on Assets: 7.98%
  • Debt-to-Equity Ratio: 0.69%
  • Current Ratio: 1.70%
  • Quick Ratio: 1.70%
  • Average Volume: 1.13 million shs.
  • Beta: 0.63
  • Short Ratio: 2.3
Frequently Asked Questions for Spirit Airlines (NASDAQ:SAVE)

What is Spirit Airlines' stock symbol?

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

How were Spirit Airlines' earnings last quarter?

Spirit Airlines, Inc. (NASDAQ:SAVE) posted its quarterly earnings results on Friday, April, 28th. The company reported $0.51 EPS for the quarter, topping the Zacks' consensus estimate of $0.49 by $0.02. The firm had revenue of $591.80 million for the quarter, compared to analysts' expectations of $591.31 million. Spirit Airlines had a net margin of 9.89% and a return on equity of 18.60%. The business's revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.01 earnings per share. View Spirit Airlines' Earnings History.

When will Spirit Airlines make its next earnings announcement?

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

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

11 analysts have issued 1-year price targets for Spirit Airlines' stock. Their forecasts range from $55.00 to $75.00. On average, they expect Spirit Airlines' share price to reach $64.70 in the next year. View Analyst Ratings for Spirit Airlines.

Who are some of Spirit Airlines' key competitors?

Who are Spirit Airlines' key executives?

Spirit Airlines' management team includes the folowing people:

  • H. McIntyre Gardner, Independent Chairman of the Board
  • Robert L. Fornaro, President, Chief Executive Officer, Director
  • Edward M. Christie III, Chief Financial Officer, Executive Vice President, Chief Accounting Officer
  • John Bendoraitis, Chief Operating Officer, Senior Vice President
  • Martha Laurie Villa, Chief Human Resource Officer, Vice President
  • Rocky B. Wiggins, Senior Vice President, Chief Information Officer
  • Thomas C. Canfield, Senior Vice President, General Counsel, Secretary
  • Matthew H. Klein, Senior Vice President, Chief Commercial Officer
  • Scott M. Haralson, Vice President - Financial Planning and Analysis
  • Carlton D. Donaway, Independent Director

Who owns Spirit Airlines stock?

Spirit Airlines' stock is owned by a number of of institutional and retail investors. Top institutional investors include Bank of Montreal Can (0.10%), Quantitative Systematic Strategies LLC (0.07%), Camarda Financial Advisors LLC (0.05%), Fox Run Management L.L.C. (0.04%), First National Bank of Omaha (0.04%) and Creative Planning (0.03%). 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 and Thomas C Canfield. View Institutional Ownership Trends for Spirit Airlines.

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 Creative Planning and Bank of Montreal Can. 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. View Insider Buying and Selling for Spirit Airlines.

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 Fox Run Management L.L.C., Quantitative Systematic Strategies LLC, Aperio Group LLC and Camarda Financial Advisors LLC. Company insiders that have bought Spirit Airlines 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.

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.

What is Spirit Airlines' stock price today?

One share of Spirit Airlines stock can currently be purchased for approximately $49.02.

MarketBeat Community Rating for Spirit Airlines (NASDAQ SAVE)
Community Ranking:  3.8 out of 5 (  )
Outperform Votes:  580 (Vote Outperform)
Underperform Votes:  177 (Vote Underperform)
Total Votes:  757
MarketBeat's community ratings are surveys of what our community members think about Spirit Airlines and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Spirit Airlines (NASDAQ:SAVE) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 4 Hold Ratings, 6 Buy Ratings, 1 Strong Buy Rating
Consensus Rating:Buy (Score: 2.73)
Consensus Price Target: $64.70 (31.99% upside)

Analysts' Ratings History for Spirit Airlines (NASDAQ:SAVE)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
7/18/2017Cowen and CompanyReiterated RatingMarket Perform$59.00LowView Rating Details
7/13/2017Morgan StanleyReiterated RatingEqual Weight$61.00 -> $60.00LowView Rating Details
7/12/2017Deutsche Bank AGLower Price TargetBuy$71.00 -> $69.00LowView Rating Details
6/30/2017Bank of America CorporationLower Price TargetBuy$75.00 -> $68.00LowView Rating Details
6/2/2017Wolfe ResearchUpgradeMarket Perform -> OutperformLowView Rating Details
5/19/2017Imperial CapitalReiterated RatingOutperformLowView Rating Details
4/22/2017Stifel NicolausReiterated RatingBuy$75.00LowView Rating Details
4/22/2017Citigroup Inc.Reiterated RatingNeutral$58.00 -> $60.00LowView Rating Details
12/15/2016Barclays PLCInitiated CoverageEqual Weight$67.00N/AView Rating Details
9/13/2016Credit Suisse GroupSet Price TargetBuy$55.00N/AView Rating Details
8/4/2016Raymond James Financial, Inc.UpgradeOutperform -> Strong-Buy$59.00N/AView Rating Details
5/16/2016Sterne Agee CRTReiterated RatingBuyN/AView Rating Details
4/23/2016Buckingham ResearchReiterated RatingBuyN/AView Rating Details
4/20/2016J P Morgan Chase & CoDowngradeOverweight -> Neutral$51.00 -> $52.00N/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
(Data available from 7/25/2015 forward)


Earnings History for Spirit Airlines (NASDAQ:SAVE)
Earnings by Quarter for Spirit Airlines (NASDAQ:SAVE)
Earnings History by Quarter for Spirit Airlines (NASDAQ SAVE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
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)


Earnings Estimates for Spirit Airlines (NASDAQ:SAVE)
2017 EPS Consensus Estimate: $4.20
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.51$0.51$0.51
Q2 20171$1.11$1.11$1.11
Q3 20171$1.54$1.54$1.54
Q4 20171$1.04$1.04$1.04
(Data provided by Zacks Investment Research)


Dividend History for Spirit Airlines (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 (NASDAQ:SAVE)
Insider Ownership Percentage: 0.26%
Insider Trades by Quarter for Spirit Airlines (NASDAQ:SAVE)
Institutional Ownership by Quarter for Spirit Airlines (NASDAQ:SAVE)
Insider Trades by Quarter for Spirit Airlines (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)


Headline Trends for Spirit Airlines (NASDAQ:SAVE)
Latest Headlines for Spirit Airlines (NASDAQ:SAVE)
nasdaq.com logoRelative Strength Alert For Spirit Airlines - Nasdaq.com - Nasdaq
www.nasdaq.com - July 22 at 8:28 AM
finance.yahoo.com logoAbortion fight rages in Kentucky, which has just 1 clinic
finance.yahoo.com - July 22 at 8:28 AM
fool.com logoWhat to Watch When Spirit Airlines Reports Earnings
www.fool.com - July 21 at 3:43 PM
americanbankingnews.com logoSpirit Airlines, Inc. (NASDAQ:SAVE) Expected to Post Quarterly Sales of $701.85 Million
www.americanbankingnews.com - July 21 at 3:38 PM
globenewswire.com logoSpirit Airlines, Inc. Announces Webcast of Second Quarter 2017 Results - GlobeNewswire (press release)
globenewswire.com - July 19 at 7:33 AM
feeds.benzinga.com logoSpirit Airlines, Inc. Announces Webcast of Second Quarter 2017 Results
feeds.benzinga.com - July 18 at 3:04 PM
americanbankingnews.com logoSpirit Airlines, Inc. (SAVE) Stock Rating Reaffirmed by Cowen and Company
www.americanbankingnews.com - July 18 at 1:53 PM
fool.com logoWas Spirit Airlines' Investor Update Good News or Bad News?
www.fool.com - July 18 at 10:14 AM
americanbankingnews.com logoSpirit Airlines, Inc. (NASDAQ:SAVE) Earns Equal Weight Rating from Morgan Stanley
www.americanbankingnews.com - July 13 at 9:02 PM
finance.yahoo.com logoAsk Brianna: How can I eat well and stay fit on a budget?
finance.yahoo.com - July 13 at 9:05 AM
finance.yahoo.com logoWhy Investors Should Be Concerned about American Airlines’ Debt
finance.yahoo.com - July 13 at 9:05 AM
americanbankingnews.com logoSpirit Airlines, Inc. (SAVE) Price Target Cut to $69.00 by Analysts at Deutsche Bank AG
www.americanbankingnews.com - July 12 at 2:25 PM
fool.com logoSpirit Airlines Stock Could Fly Much Higher
www.fool.com - July 10 at 12:55 PM
finance.yahoo.com logoEU leaders reaffirm Libya migrant policy despite criticism
finance.yahoo.com - July 7 at 9:41 AM
finance.yahoo.com logoDelta Air Lines Valuation: What’s Priced In?
finance.yahoo.com - July 7 at 9:41 AM
zacks.com logoHere's Why You Should Hold On to Spirit Airlines for Now
www.zacks.com - July 6 at 8:43 AM
finance.yahoo.com logoHere's Why You Should Hold On to Spirit Airlines for Now
finance.yahoo.com - July 6 at 8:42 AM
finance.yahoo.com logoWhich Is The Best Airline Frequent-Flier Program?
finance.yahoo.com - July 5 at 10:24 AM
americanbankingnews.com logoTraders Purchase High Volume of Call Options on Spirit Airlines (SAVE)
www.americanbankingnews.com - July 5 at 7:17 AM
americanbankingnews.com logoSpirit Airlines, Inc. (SAVE) Given Consensus Rating of "Buy" by Brokerages
www.americanbankingnews.com - July 3 at 10:41 PM
latimes.com logoA woman gives birth on a Spirit flight and family gets rewarded
www.latimes.com - July 1 at 1:19 PM
americanbankingnews.com logoSpirit Airlines' (SAVE) Buy Rating Reaffirmed at Bank of America Corporation
www.americanbankingnews.com - June 30 at 2:53 PM
finance.yahoo.com logoMigrant pressures grow; Italy presses EU nations to do more
finance.yahoo.com - June 30 at 6:30 AM
globenewswire.com logoBaby Born Onboard Spirit Flight Nasdaq:SAVE - GlobeNewswire - GlobeNewswire (press release)
globenewswire.com - June 28 at 8:26 AM
finance.yahoo.com logoA Look at Airlines’ 2Q17 Unit Revenue Guidance
finance.yahoo.com - June 28 at 8:26 AM
finance.yahoo.com logoBaby Born Onboard Spirit Flight
finance.yahoo.com - June 27 at 7:46 PM
finance.yahoo.com logoHow Amtrak Works & Makes Money
finance.yahoo.com - June 27 at 8:05 AM
finance.yahoo.com logoAirlines Continue to Reduce Capacity Growth
finance.yahoo.com - June 27 at 8:05 AM
americanbankingnews.com logo Brokerages Expect Spirit Airlines, Inc. (SAVE) Will Announce Quarterly Sales of $704.55 Million
www.americanbankingnews.com - June 25 at 9:18 AM
americanbankingnews.com logoSpirit Airlines, Inc. (SAVE) Downgraded by BidaskClub to Sell
www.americanbankingnews.com - June 23 at 6:28 PM
americanbankingnews.com logoSpirit Airlines, Inc. (SAVE) Expected to Announce Earnings of $1.11 Per Share
www.americanbankingnews.com - June 23 at 12:17 PM
fool.com logoAirline Investors Are Ignoring Falling Fuel Prices
www.fool.com - June 21 at 4:30 PM
americanbankingnews.com logoSpirit Airlines (SAVE) and United Continental Holdings (UAL) Head-To-Head Review
www.americanbankingnews.com - June 21 at 7:34 AM
nasdaq.com logoFirst Week of August 18th Options Trading For Spirit Airlines (SAVE)
www.nasdaq.com - June 21 at 4:53 AM
finance.yahoo.com logoSpirit on the Street: What Analysts Are Recommending for SAVE Now
finance.yahoo.com - June 20 at 6:09 AM
finance.yahoo.com logoSpirit Airlines’ Spring Woes: Pilot Strike, Flight Cancellations, and More
finance.yahoo.com - June 19 at 9:51 AM
finance.yahoo.com logoGauging the Impact of Spirit Airlines’ Woes on Unit Revenues
finance.yahoo.com - June 19 at 9:51 AM
finance.yahoo.com logoDirector John Avildsen dies at 81; won Oscar for 'Rocky'
finance.yahoo.com - June 17 at 1:55 AM
finance.yahoo.com logoIs Spirit Airlines’ Passenger Demand Sufficient to Fill Its Additional Capacity?
finance.yahoo.com - June 16 at 8:54 PM
finance.yahoo.com logoSpirit Airlines’ Capacity Is Growing the Fastest among Peers
finance.yahoo.com - June 16 at 3:54 PM
americanbankingnews.com logoAnalyzing Spirit Airlines (SAVE) and China Southern Airlines Company Limited (ZNH)
www.americanbankingnews.com - June 16 at 10:21 AM
finance.yahoo.com logoGrowing on the Gulf Coast! Spirit Airlines Connects Hartford and Pittsburgh to Fort Myers and Tampa
finance.yahoo.com - June 16 at 9:37 AM
americanbankingnews.com logoImperial Capital Weighs in on Spirit Airlines, Inc.'s Q2 2017 Earnings (SAVE)
www.americanbankingnews.com - June 16 at 8:09 AM
americanbankingnews.com logoSpirit Airlines, Inc. Expected to Post Q3 2017 Earnings of $1.54 Per Share (SAVE)
www.americanbankingnews.com - June 15 at 9:30 AM
nasdaq.com logoTechnical Snapshots for These Major Airlines Stocks -- Delta Air Lines, American Airlines, United Continental, and Spirit Airlines
www.nasdaq.com - June 15 at 12:21 AM
finance.yahoo.com logoWorld's largest refugee camp strains to keep kids in school
finance.yahoo.com - June 14 at 8:17 AM
finance.yahoo.com logoThe Latest: Soccer fans pay tribute to attacks victims
finance.yahoo.com - June 13 at 7:46 PM
finance.yahoo.com logoLady Brexit meets Monsieur Europe: May, Macron hold talks
finance.yahoo.com - June 13 at 7:46 PM
finance.yahoo.com logoUK leader May strikes tentative deal with N Ireland party
finance.yahoo.com - June 11 at 8:21 AM
finance.yahoo.com logoClinging on to her job, Britain's May appoints new ministers
finance.yahoo.com - June 10 at 8:06 AM



Spirit Airlines (SAVE) Chart for Tuesday, July, 25, 2017

This page was last updated on 7/25/2017 by MarketBeat.com Staff