NYSE:SAVE Spirit Airlines (SAVE) Stock Price, News & Analysis → Claim Your Complimentary Bitcoin Reward (From Crypto Swap Profits) (Ad) Free SAVE Stock Alerts $3.68 -0.04 (-1.08%) (As of 05/29/2024 ET) Add Compare Share Share Today's Range$3.54▼$3.7350-Day Range$3.31▼$4.9152-Week Range$3.18▼$19.69Volume3.83 million shsAverage Volume7.27 million shsMarket Capitalization$402.96 millionP/E RatioN/ADividend YieldN/APrice Target$3.57 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Spirit Airlines alerts: Email Address Spirit Airlines MarketRank™ Stock AnalysisAnalyst RatingReduce1.50 Rating ScoreUpside/Downside3.0% Downside$3.57 Price TargetShort InterestHealthy25.10% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.04Based on 25 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($3.67) to ($2.12) 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.0.78 out of 5 starsTransportation Sector107th out of 115 stocksAir Transportation, Scheduled Industry15th out of 18 stocks 1.8 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, 4 hold ratings, and 4 sell ratings.Amount of Analyst CoverageSpirit Airlines has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Spirit Airlines' stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted25.10% of the outstanding shares of Spirit Airlines have been sold short.Short Interest Ratio / Days to CoverSpirit Airlines has a short interest ratio ("days to cover") of 4.Change versus previous monthShort interest in Spirit Airlines has recently decreased by 5.70%, 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 2.2 News and Social Media Coverage News SentimentSpirit Airlines has a news sentiment score of 0.04. 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 0.62 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 25 news articles for Spirit Airlines this week, compared to 20 articles on an average week.Search Interest36 people have searched for SAVE on MarketBeat in the last 30 days. This is an increase of 29% compared to the previous 30 days.MarketBeat FollowsOnly 16 people have added Spirit Airlines to their MarketBeat watchlist in the last 30 days. This is a decrease of -6% compared to the previous 30 days. Previous Next 0.8 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 0.72% of the stock of Spirit Airlines is held by insiders.Percentage Held by Institutions58.73% of the stock of Spirit Airlines is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Spirit Airlines' insider trading history. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Spirit Airlines are expected to grow in the coming year, from ($3.67) to ($2.12) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Spirit Airlines is -0.83, 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 -0.83, 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 0.40. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Spirit Airlines' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto 101 Media[Urgent!] Generational Wealth GameplanA brand-new guide from the host of one of the world's largest cryptocurrency podcasts lays out an action plan that could help you retire quickly and comfortably in today's crypto market.Click here to get instant access to the guide 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 HeadlinesMay 29 at 9:49 AM | msn.comSouthwest, JetBlue And Spirit Airlines Shares Are Moving Lower Wednesday: What's Going On?May 28 at 9:36 PM | yahoo.comSpirit Airlines Passengers Told to Prepare for Water Landing as Plane Turns AroundMay 28 at 9:36 PM | cbsnews.com"Traumatized" passengers on Florida-bound Spirit Airlines flight with mechanical failure share their storiesMay 28 at 8:50 PM | yahoo.comPassengers "traumatized" after Florida-bound Spirit Airlines flight experiences mechanical failureMay 28 at 8:50 PM | msn.comLife vests deployed on Spirit Airlines flight that had to turn back to JamaicaMay 28 at 3:45 PM | msn.comSpirit Airlines passenger says cabin prepared for a possible water landing after flight suffered an apparent mechanical issueMay 28 at 3:45 PM | benzinga.com(SAVE) - Analyzing Spirit Airlines's Short InterestMay 28 at 10:19 AM | yahoo.comA scare aboard Spirit Airlines flightMay 28 at 1:30 AM | msn.comSpirit Airlines Passengers Get 'Nerve-Racking' Water-Landing Warning: Instructions Given Out Of 'Abundance Of Caution'May 27 at 10:17 PM | forbes.comSAS Business Class To Copenhagen Reflects The Danish Spirit Of HyggeMay 24, 2024 | finance.yahoo.comJetBlue and Spirit Have More Bad News to Face: a Very Active Hurricane SeasonMay 24, 2024 | prnewswire.comSpirit Airlines to Open New Crew Base for Pilots at Newark Liberty International AirportMay 24, 2024 | fool.comSpirit Airlines Eliminates Change and Cancel Fees for All TicketsMay 24, 2024 | bizjournals.comSpirit Airlines to apply for nonstop route out of DCAMay 24, 2024 | prnewswire.comSpirit Airlines Expands U.S. Military Benefits to Include Spouses and ChildrenMay 24, 2024 | finance.yahoo.comWhy Stocks Can Forget Depending on AI for the Rally, and 5 Other Things to Know Before the Market Opens.May 24, 2024 | bizjournals.comSpirit Airlines eliminates fees for changing or cancelling flightsMay 23, 2024 | msn.comSpirit Airlines Announces New Flights and Elimination of Some International ServiceMay 23, 2024 | yahoo.comSpirit Airlines launching 4 new nonstop routes out of DTWMay 23, 2024 | msn.comSpirit and Frontier just scrapped some fees, but brace for extra charges on these 10 U.S. airlinesMay 23, 2024 | msn.comSouth Florida air travelers flying Spirit, Frontier can change, cancel flights at no costMay 23, 2024 | prnewswire.comSpirit Airlines and San José Mineta International Airport Partner in Bid for New, Low-Fare Service to Washington's Reagan National AirportMay 22, 2024 | prnewswire.comSHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Spirit Airlines, Inc. - SAVEMay 22, 2024 | finance.yahoo.comBoth individual investors who control a good portion of Spirit Airlines, Inc. (NYSE:SAVE) along with institutions must be dismayed after last week's 16% decreaseMay 21, 2024 | msn.comTravelers can save money as Spirit Airlines joins Frontier, other rival airlines in fee updatesSee 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 Last Earnings5/06/2024Today5/30/2024Next Earnings (Estimated)8/01/2024Fiscal 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$3.57 High Stock Price Target$5.00 Low Stock Price Target$3.00 Potential Upside/Downside-3.0%Consensus RatingReduce Rating Score (0-4)1.50 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)($4.44) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-447,460,000.00 Net Margins-9.21% Pretax Margin-10.88% Return on Equity-34.64% Return on Assets-4.53% Debt Debt-to-Equity Ratio3.17 Current Ratio0.97 Quick Ratio0.97 Sales & Book Value Annual Sales$5.36 billion Price / Sales0.08 Cash FlowN/A Price / Cash FlowN/A Book Value$9.15 per share Price / Book0.40Miscellaneous Outstanding Shares109,500,000Free Float108,713,000Market Cap$402.96 million OptionableOptionable Beta1.41 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.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. Brian J. McMenamy (Age 65)VP & Controller Simon GoreTreasurerMore ExecutivesKey CompetitorsFrontier GroupNASDAQ:ULCCAllegiant TravelNASDAQ:ALGTHawaiianNASDAQ:HAControladora Vuela Compañía de AviaciónNYSE:VLRSSun Country AirlinesNASDAQ:SNCYView All CompetitorsInstitutional OwnershipVirtu Financial LLCBought 102,478 shares on 5/20/2024Ownership: 0.094%Bluefin Capital Management LLCSold 269,100 shares on 5/20/2024Ownership: 0.000%Shaolin Capital Management LLCBought 2,500,000 shares on 5/17/2024Ownership: 0.000%Walleye Trading LLCBought 134,900 shares on 5/17/2024Ownership: 0.000%California State Teachers Retirement SystemSold 6,792 shares on 5/16/2024Ownership: 0.032%View All Institutional Transactions SAVE Stock Analysis - Frequently Asked Questions Should I buy or sell Spirit Airlines stock right now? 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spirit Airlines in the last twelve months. There are currently 4 sell ratings and 4 hold ratings for the stock. The consensus among Wall Street 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? 8 Wall Street analysts have issued 1 year price objectives for Spirit Airlines' stock. Their SAVE share price targets range from $3.00 to $5.00. On average, they anticipate the company's stock price to reach $3.57 in the next year. This suggests that the stock has a possible downside of 3.0%. 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 stock has decreased by 77.5% and is now trading at $3.68. 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 Thursday, August 1st 2024. View our SAVE earnings forecast. How were Spirit Airlines' earnings last quarter? Spirit Airlines, Inc. (NYSE:SAVE) released its earnings results on Monday, May, 6th. The company reported ($1.46) earnings per share for the quarter, missing the consensus estimate of ($1.45) by $0.01. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. Spirit Airlines had a negative net margin of 9.21% and a negative trailing twelve-month return on equity of 34.64%. The company's revenue was down 6.2% compared to the same quarter last year. During the same period last year, the firm earned ($0.82) EPS. How often does Spirit Airlines pay dividends? What is the dividend yield for Spirit Airlines? Spirit Airlines declared a dividend on Tuesday, February 13th. Stockholders of record on Friday, February 23rd will be paid 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) 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 second quarter 2024 earnings guidance on Tuesday, May, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.5 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 number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.58%), Shaolin Capital Management LLC (0.00%), Murchinson Ltd. (0.00%), Walleye Trading LLC (0.00%), BNP Paribas Financial Markets (0.67%) and Whitebox Advisors LLC (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. 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