NYSE:SAVE Spirit Airlines (SAVE) Stock Price, News & Analysis → Elon to Transform U.S. Economy? (From Porter & Company) (Ad) Free SAVE Stock Alerts $3.74 -0.04 (-1.06%) (As of 05/22/2024 ET) Add Compare Share Share Today's Range$3.68▼$3.8750-Day Range$3.31▼$4.9152-Week Range$3.18▼$19.69Volume3.55 million shsAverage Volume7.80 million shsMarket Capitalization$408.98 millionP/E RatioN/ADividend YieldN/APrice Target$3.57 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/Downside4.4% Downside$3.57 Price TargetShort InterestBearish26.90% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.00Based on 19 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($3.38) to ($1.87) 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.0.39 out of 5 starsTransportation Sector107th out of 114 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 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 1.7 News and Social Media Coverage News SentimentSpirit Airlines has a news sentiment score of 0.00. 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 0.53 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 19 news articles for Spirit Airlines this week, compared to 19 articles on an average week.Search Interest41 people have searched for SAVE on MarketBeat in the last 30 days. This is an increase of 14% compared to the previous 30 days.MarketBeat FollowsOnly 17 people have added Spirit Airlines to their MarketBeat watchlist in the last 30 days. This is a decrease of -26% 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 ($3.38) to ($1.87) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Spirit Airlines is -0.84, 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 -0.84, 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.Read more about Spirit Airlines' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Paradigm PressBitcoin’s Biggest Year Yet2024 is set to be a historic year for Bitcoin. It’s all thanks to three major catalysts that I reveal in my newest video.This Crypto bull market is not even halfway over 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 22 at 5:13 PM | prnewswire.comSHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Spirit Airlines, Inc. - SAVEMay 22 at 1:06 PM | 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 at 5:54 PM | msn.comTravelers can save money as Spirit Airlines joins Frontier, other rival airlines in fee updatesMay 21 at 5:04 PM | msn.comFrontier, Spirit Airlines change fee policies as potentially record-breaking summer travel season beginsMay 21 at 7:03 AM | msn.comSpirit Airlines cancels cancellation fees and change feesMay 21 at 4:06 AM | americanbankingnews.comSpirit Airlines, Inc. (NYSE:SAVE) Given Average Rating of "Reduce" by BrokeragesMay 21 at 2:11 AM | skift.comSpirit Airlines Drops Change and Cancellation Fees in New Push for ProfitabilityMay 20 at 6:50 PM | msn.comSpirit Airlines (NYSE:SAVE) Notches Up after Dropping FeesMay 20 at 1:43 PM | msn.comAirline turnabout: Spirit and Frontier do away with cancellation and flight change feesMay 20 at 12:18 PM | cnbc.comSpirit Airlines gets rid of change and cancellation fees, joining FrontierMay 20 at 10:56 AM | bloomberg.comSpirit and Frontier Airlines Are Playing a Losing Game With FlyersMay 20 at 10:41 AM | msn.comSpirit Airlines has joined Frontier in dropping change and cancellation feesMay 18, 2024 | uk.finance.yahoo.comSAVE May 2024 4.000 callMay 18, 2024 | abcnews.go.comFrontier Airlines eliminates change fees and introduces 4 new fare classesMay 17, 2024 | finance.yahoo.comFrontier Airlines, stuck in a money-losing slump, is dumping change fees and making other movesMay 17, 2024 | bizjournals.comUS airlines sue over federal fee-disclosure rulesMay 16, 2024 | prnewswire.comSHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Spirit Airlines, Inc. - SAVEMay 16, 2024 | americanbankingnews.comSpirit Airlines, Inc. Expected to Post Q2 2024 Earnings of ($1.21) Per Share (NYSE:SAVE)May 16, 2024 | americanbankingnews.comSpirit Airlines (NYSE:SAVE) Price Target Cut to $3.50May 15, 2024 | msn.comSpirit Airlines CEO Slams "Uninformed Government," Says Airline Industry Is A "Rigged Game" As The Company Struggles To SurviveMay 15, 2024 | fool.comSpirit Airlines Stock Just Hit a New Low: Should You Buy the Dip?May 15, 2024 | americanbankingnews.comSpirit Airlines Sees Unusually High Options Volume (NYSE:SAVE)May 13, 2024 | markets.businessinsider.comSell Rating for Spirit Airlines Amidst Competitive and Financial ChallengesMay 13, 2024 | seekingalpha.comSpirit Airlines: Headed Into A Potential Financial Disaster In 2025, May Need RestructuringMay 13, 2024 | seekingalpha.comSpirit Q1: No Longer Taking Off (Rating Downgrade)See 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 Earnings5/06/2024Today5/22/2024Next 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-4.4%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 / Book0.41Miscellaneous Outstanding Shares109,500,000Free Float108,899,000Market Cap$408.98 million OptionableOptionable Beta1.41 Beginners Guide To Retirement StocksClick the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be 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. Brian J. McMenamy (Age 65)VP & Controller Simon GoreTreasurerMore ExecutivesKey CompetitorsSun Country AirlinesNASDAQ:SNCYHawaiianNASDAQ:HAControladora Vuela Compañía de AviaciónNYSE:VLRSAllegiant TravelNASDAQ:ALGTFrontier GroupNASDAQ:ULCCView 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 research 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 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? 8 Wall Street analysts have issued 1 year target prices for Spirit Airlines' stock. Their SAVE share price targets range from $3.00 to $5.00. On average, they expect the company's stock price to reach $3.57 in the next year. This suggests that the stock has a possible downside of 4.4%. 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 stock has decreased by 77.2% and is now trading at $3.7350. 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 (EPS) for the quarter, missing the consensus estimate of ($1.45) by $0.01. The firm earned $1.27 billion during the quarter, compared to analysts' expectations of $1.27 billion. Spirit Airlines had a negative trailing twelve-month return on equity of 34.64% and a negative net margin of 9.21%. The company's quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter last year, the firm 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. Shareholders 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) 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 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 a variety of retail and institutional investors. Top institutional shareholders 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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