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NYSE:SAVE

Spirit Airlines - SAVE Stock Forecast, Price & News

$24.68
+0.09 (+0.37%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$24.62
$24.89
50-Day Range
$20.74
$25.66
52-Week Range
$15.92
$28.30
Volume
1.43 million shs
Average Volume
4.74 million shs
Market Capitalization
$2.68 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$29.27

Spirit Airlines MarketRank™ Forecast

Analyst Rating
Hold
2.23 Rating Score
Upside/​Downside
18.6% Upside
$29.27 Price Target
Short Interest
Bearish
9.19% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.29mentions of Spirit Airlines in the last 14 days
Based on 22 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.53) to $2.60 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.79 out of 5 stars

Transportation Sector

98th out of 124 stocks

Air Transportation, Scheduled Industry

15th out of 18 stocks

SAVE stock logo

About Spirit Airlines (NYSE:SAVE) Stock

Spirit Airlines, Inc. provides airline services. It serves 85 destinations in 16 countries in the United States, Latin America, and the Caribbean. As of December 31, 2021, the company had a fleet of 173 Airbus single-aisle aircraft. It sells tickets through its call centers and airport ticket counters, as well as online through spirit.com; and through various third parties, including online, traditional travel agents, and electronic global distribution systems. The company was formerly known as Clippert Trucking Company and changed its name to Spirit Airlines, Inc. in 1992. Spirit Airlines, Inc. was founded in 1964 and is headquartered in Miramar, Florida.

Spirit Airlines Stock Up 0.6 %

SAVE Stock traded up $0.14 during trading on Thursday, reaching $24.73. The stock had a trading volume of 38,056 shares, compared to its average volume of 4,761,254. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of -5.42 and a beta of 1.41. Spirit Airlines has a one year low of $15.92 and a one year high of $28.30. The company's 50 day moving average is $23.50 and its two-hundred day moving average is $22.87.

Spirit Airlines (NYSE:SAVE - Get Rating) last released its earnings results on Tuesday, August 9th. The company reported ($0.30) earnings per share for the quarter, beating analysts' consensus estimates of ($0.46) by $0.16. The firm had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.35 billion. Spirit Airlines had a negative net margin of 14.63% and a negative return on equity of 19.70%. The company's quarterly revenue was up 59.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.34) earnings per share. Equities research analysts forecast that Spirit Airlines will post -0.53 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on SAVE. Susquehanna Bancshares lifted their price target on shares of Spirit Airlines from $22.00 to $27.00 and gave the company a "neutral" rating in a research note on Tuesday, July 12th. Susquehanna boosted their target price on shares of Spirit Airlines from $22.00 to $27.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 12th. JPMorgan Chase & Co. downgraded shares of Spirit Airlines from an "overweight" rating to an "underweight" rating and decreased their target price for the stock from $30.00 to $29.00 in a research report on Friday, July 29th. Cowen decreased their target price on shares of Spirit Airlines to $30.00 in a research report on Tuesday. Finally, Evercore ISI boosted their target price on shares of Spirit Airlines from $25.00 to $28.00 and gave the stock an "in-line" rating in a research report on Monday, June 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $29.85.

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SAVE Stock News Headlines

Spirit Airlines: Q2 Earnings Insights
Spirit Airlines Reports Second Quarter 2022 Results
JetBlue Reports Loss as Costs Surge
See More Headlines
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SAVE Company Calendar

Last Earnings
8/09/2022
Today
8/11/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Air transportation, scheduled
Sub-Industry
N/A
Employees
9,823
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$29.27
High Stock Price Forecast
$38.00
Low Stock Price Forecast
$25.00
Forecasted Upside/Downside
+18.6%
Consensus Rating
Hold
Rating Score (0-4)
2.23
Research Coverage
13 Analysts

Profitability

Net Income
$-472,570,000.00
Pretax Margin
-16.10%

Debt

Sales & Book Value

Annual Sales
$3.23 billion
Book Value
$19.50 per share

Miscellaneous

Free Float
108,199,000
Market Cap
$2.68 billion
Optionable
Optionable
Beta
1.41

Key Executives

  • Mr. Edward M. Christie III (Age 51)
    Pres, CEO & Director
    Comp: $1.77M
  • Mr. Scott M. Haralson (Age 49)
    Sr. VP & CFO
    Comp: $751.38k
  • Mr. John Bendoraitis (Age 58)
    Exec. VP & COO
    Comp: $933.55k
  • Mr. Thomas C. Canfield (Age 66)
    Sr. VP, Gen. Counsel & Company Sec.
    Comp: $701.45k
  • Mr. Matthew H. Klein (Age 48)
    Exec. VP & Chief Commercial Officer
    Comp: $856.66k
  • Mr. Rocky B. Wiggins (Age 63)
    Sr. VP & Chief Information Officer
  • DeAnne Gabel
    Sr. Director of Investor Relations
  • Mr. Robert A. Schroeter (Age 44)
    Sr. VP & Chief Marketing Officer
  • Ms. Melinda C. Grindle
    Sr. VP & Chief HR Officer
  • Mr. Brian J. McMenamy (Age 63)
    VP & Controller













SAVE Stock - Frequently Asked Questions

Should I buy or sell Spirit Airlines stock right now?

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Spirit Airlines in the last year. There are currently 1 sell rating, 8 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SAVE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SAVE, but not buy additional shares or sell existing shares.
View SAVE analyst ratings
or view top-rated stocks.

What is Spirit Airlines' stock price forecast for 2022?

13 analysts have issued 12 month target prices for Spirit Airlines' stock. Their SAVE share price forecasts range from $25.00 to $38.00. On average, they anticipate the company's stock price to reach $29.27 in the next twelve months. This suggests a possible upside of 18.5% from the stock's current price.
View analysts price targets for SAVE
or view top-rated stocks among Wall Street analysts.

How have SAVE shares performed in 2022?

Spirit Airlines' stock was trading at $21.85 at the beginning of the year. Since then, SAVE stock has increased by 13.0% and is now trading at $24.70.
View the best growth stocks for 2022 here
.

Are investors shorting Spirit Airlines?

Spirit Airlines saw a decrease in short interest in July. As of July 15th, there was short interest totaling 5,620,000 shares, a decrease of 37.1% from the June 30th total of 8,930,000 shares. Based on an average trading volume of 3,830,000 shares, the days-to-cover ratio is currently 1.5 days. Currently, 8.3% of the shares of the company are short sold.
View Spirit Airlines' Short Interest
.

When is Spirit Airlines' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our SAVE earnings forecast
.

How were Spirit Airlines' earnings last quarter?

Spirit Airlines, Inc. (NYSE:SAVE) posted its quarterly earnings data on Tuesday, August, 9th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.46) by $0.16. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.35 billion. Spirit Airlines had a negative net margin of 14.63% and a negative trailing twelve-month return on equity of 19.70%. The firm's revenue for the quarter was up 59.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.34) earnings per share.

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.

What is Spirit Airlines' stock symbol?

Spirit Airlines trades on the New York Stock Exchange (NYSE) under the ticker symbol "SAVE."

Who are Spirit Airlines' major shareholders?

Spirit Airlines' stock is owned by a number of retail and institutional investors. Top institutional investors include Versor Investments LP (1.43%), Alpine Associates Management Inc. (1.11%), Bank of Montreal Can (0.00%), IMC Chicago LLC (0.00%), Walleye Trading LLC (0.00%) and Calamos Advisors LLC (0.17%). Insiders that own company stock include Brian J Mcmenamy, Christine P Richards, H Mcintyre Gardner, Robert D Johnson and Thomas C Canfield.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Spirit Airlines' stock price today?

One share of SAVE stock can currently be purchased for approximately $24.70.

How much money does Spirit Airlines make?

Spirit Airlines (NYSE:SAVE) has a market capitalization of $2.68 billion and generates $3.23 billion in revenue each year. The company earns $-472,570,000.00 in net income (profit) each year or ($4.54) on an earnings per share basis.

How many employees does Spirit Airlines have?

The company employs 9,823 workers across the globe.

How can I contact Spirit Airlines?

Spirit Airlines' mailing address is 2800 EXECUTIVE WAY, MIRAMAR FL, 33025. The official website for the company is www.spirit.com. The company can be reached via phone at (954) 447-7920, via email at investorrelations@spirit.com, or via fax at 954-447-7979.

This page (NYSE:SAVE) was last updated on 8/11/2022 by MarketBeat.com Staff

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