NYSE:SAVE Spirit Airlines (SAVE) Stock Price, News & Analysis → Shocking: One AI startup's revenue could surge 4,735% (From Manward Press) (Ad) Free SAVE Stock Alerts $3.80 -0.04 (-1.04%) (As of 05/10/2024 ET) Add Compare Share Share Today's Range$3.78▼$4.0550-Day Range$3.31▼$5.7652-Week Range$3.18▼$19.69Volume6.81 million shsAverage Volume7.10 million shsMarket Capitalization$416.10 millionP/E RatioN/ADividend YieldN/APrice Target$3.62 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/Downside4.7% Downside$3.62 Price TargetShort InterestBearish26.90% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment-0.03Based on 58 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($3.11) to ($1.55) 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.0.35 out of 5 starsTransportation Sector112th out of 117 stocksAir Transportation, Scheduled Industry17th 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 1.0 Short Interest Percentage of Shares Shorted26.90% 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 4.1.Change versus previous monthShort interest in Spirit Airlines has recently increased by 5.73%, indicating that investor sentiment is decreasing 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 1.1 News and Social Media Coverage News SentimentSpirit Airlines has a news sentiment score of -0.03. 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 0.51 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 58 news articles for Spirit Airlines this week, compared to 19 articles on an average week.Search InterestOnly 31 people have searched for SAVE on MarketBeat in the last 30 days. This is a decrease of -28% compared to the previous 30 days.MarketBeat FollowsOnly 20 people have added Spirit Airlines to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 0.55% 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 ($3.11) to ($1.55) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Spirit Airlines is -0.86, 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 -0.86, 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 0.42. 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 Gold Safe ExchangeGold Set to EXPLODE!Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.Click here now to download the free Precious Metals Buying 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 12, 2024 | msn.comBook With These Airlines For The Lowest Last-Minute Flight PricesMay 11, 2024 | americanbankingnews.comSpirit Airlines (NYSE:SAVE) PT Lowered to $3.00 at SusquehannaMay 12, 2024 | Crypto Swap Profits (Ad)Claim Your Complimentary Bitcoin RewardMany have already secured their free Bitcoin reward offered by our esteemed guest. How about you? In an effort to spread the word about our upcoming workshop, he's generously offering $10 in Bitcoin (BTC) to participants. Absolutely no strings attached.May 9, 2024 | thestreet.comJetBlue just cut flights to several cities people want to get toMay 9, 2024 | markets.businessinsider.comSpirit Down on Wider-Than-Expected Q1 Loss & Bleak ViewMay 9, 2024 | americanbankingnews.comQ2 2024 Earnings Estimate for Spirit Airlines, Inc. (NYSE:SAVE) Issued By Seaport Res PtnMay 9, 2024 | americanbankingnews.comSpirit Airlines (NYSE:SAVE) PT Lowered to $3.00May 9, 2024 | americanbankingnews.comTD Cowen Lowers Spirit Airlines (NYSE:SAVE) Price Target to $3.00May 12, 2024 | Crypto Swap Profits (Ad)Claim Your Complimentary Bitcoin RewardMany have already secured their free Bitcoin reward offered by our esteemed guest. How about you? In an effort to spread the word about our upcoming workshop, he's generously offering $10 in Bitcoin (BTC) to participants. Absolutely no strings attached.May 9, 2024 | americanbankingnews.comSeaport Res Ptn Weighs in on Spirit Airlines, Inc.'s FY2026 Earnings (NYSE:SAVE)May 8, 2024 | msn.comSpirit Airlines CEO Says Odds Are Stacked Against Smaller Non-Legacy CarriersMay 8, 2024 | stockhouse.comSHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Spirit Airlines, Inc. - SAVEMay 8, 2024 | fool.com1 Wall Street Analyst Cuts Spirit Airlines' Price Target by 25%. Here's Why He's Right.May 8, 2024 | msn.comSpirit Aero Systems future unknown as Q1 results reveal lossesMay 7, 2024 | msn.comSpirit Airlines CEO calls airline industry a ‘rigged game,’ US consumers are ‘long-term losers’May 7, 2024 | finance.yahoo.comSpirit Airlines Inc (SAVE) Q1 2024 Earnings: Challenges Persist Amid Strategic AdjustmentsMay 7, 2024 | washingtonpost.comSuncor Energy: Q1 Earnings SnapshotMay 7, 2024 | washingtonpost.comVeeco: Q1 Earnings SnapshotMay 7, 2024 | markets.businessinsider.comIn-Depth Examination Of 8 Analyst Recommendations For Spirit AirlinesMay 7, 2024 | msn.comSpirit Airlines CEO Calls the Airline Industry a 'Rigged Game'May 7, 2024 | finance.yahoo.comSpirit Airlines, Inc. (NYSE:SAVE) Q1 2024 Earnings Call TranscriptMay 7, 2024 | markets.businessinsider.comAnalysts Offer Insights on Industrial Goods Companies: Spirit Airlines (SAVE), Air Lease (AL) and ZipRecruiter (ZIP)May 7, 2024 | finance.yahoo.comSpirit Airlines Inc (SAVE) (Q1 2024) Earnings Call Transcript Highlights: Navigating Challenges ...May 7, 2024 | finance.yahoo.comQ1 2024 Spirit Airlines Inc Earnings CallMay 6, 2024 | msn.comSpirit Airlines warns of more pain from grounded jets, excess capacityMay 6, 2024 | washingtonpost.comOtter Tail: Q1 Earnings SnapshotMay 6, 2024 | finance.yahoo.comStocks Extend Rally Ahead of Busy Earnings SlateSee 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 2/29 Dividend2/22/2024Dividend Payable2/29/2024Last Earnings5/06/2024Today5/12/2024Next 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$3.62 High Stock Price Target$5.00 Low Stock Price Target$3.00 Potential Upside/Downside-4.7%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 Ratio0.90 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 / Book0.42Miscellaneous Outstanding Shares109,500,000Free Float108,899,000Market Cap$416.10 million OptionableOptionable Beta1.41 12 Stocks Corporate Insiders are AbandoningIf a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?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 CompetitorsHawaiianNASDAQ:HASun Country AirlinesNASDAQ:SNCYControladora Vuela Compañía de AviaciónNYSE:VLRSAllegiant TravelNASDAQ:ALGTFrontier GroupNASDAQ:ULCCView All CompetitorsInstitutional OwnershipEdgestream Partners L.P.Bought 7,306 shares on 5/11/2024Ownership: 0.047%Patten & Patten Inc. TNBought 50,501 shares on 5/11/2024Ownership: 0.046%Vanguard Group Inc.Bought 73,044 shares on 5/10/2024Ownership: 9.582%Jade Capital Advisors LLCSold 50,000 shares on 5/10/2024Ownership: 0.000%State Board of Administration of Florida Retirement SystemBought 3,020 shares on 5/9/2024Ownership: 0.031%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 year. 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 equities research 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 predict the company's share price to reach $3.62 in the next twelve months. This suggests that the stock has a possible downside of 4.7%. 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 on January 1st, 2024. Since then, SAVE shares have decreased by 76.8% and is now trading at $3.80. 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 quarterly earnings data on Monday, May, 6th. The company reported ($1.46) earnings per share for the quarter, missing analysts' consensus estimates of ($1.45) by $0.01. The company earned $1.27 billion during the quarter, compared to analysts' expectations 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 for the quarter was down 6.2% compared to the same quarter last year. During the same quarter last year, the company posted ($0.82) earnings per share. How often does Spirit Airlines pay dividends? What is the dividend yield for Spirit Airlines? Spirit Airlines declared 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 of this dividend 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 updated its second quarter 2024 earnings guidance on Tuesday, May, 7th. 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 $1.5 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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.58%), BNP Paribas Financial Markets (0.67%), Susquehanna Portfolio Strategies LLC (0.24%), Quantbot Technologies LP (0.07%), Susquehanna Fundamental Investments LLC (0.07%) and Edgestream Partners L.P. (0.05%). 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 5/12/2024 by MarketBeat.com Staff From Our PartnersConflict In Israel Sends Gold Soaring ???? Here’s How To Get Your ShareColonial MetalsTech GIANT’s Plans to Revolutionize Crypto…Crypto 101 MediaHe Is Giving Away BitcoinCrypto Swap ProfitsThe ONE AI Stock to own now. 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