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S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Get Rid of Your Siri Remote Once and for All This Year
"The Bull Market Is Officially OVER"  (Ad)pixel
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
Moldova signs new energy deal that could ease blackout risk
"The Bull Market Is Officially OVER"  (Ad)pixel
No OPEC+ oil shakeup as Russian price cap stirs uncertainty
OPEC+ oil producers face uncertainty over Russian sanctions
"The Bull Market Is Officially OVER"  (Ad)pixel
FDA change ushers in cheaper, easier-to-get hearing aids
OPEC keeps oil targets amid uncertainty on Russian sanctions
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Get Rid of Your Siri Remote Once and for All This Year
"The Bull Market Is Officially OVER"  (Ad)pixel
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
Moldova signs new energy deal that could ease blackout risk
"The Bull Market Is Officially OVER"  (Ad)pixel
No OPEC+ oil shakeup as Russian price cap stirs uncertainty
OPEC+ oil producers face uncertainty over Russian sanctions
"The Bull Market Is Officially OVER"  (Ad)pixel
FDA change ushers in cheaper, easier-to-get hearing aids
OPEC keeps oil targets amid uncertainty on Russian sanctions
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Get Rid of Your Siri Remote Once and for All This Year
"The Bull Market Is Officially OVER"  (Ad)pixel
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
Moldova signs new energy deal that could ease blackout risk
"The Bull Market Is Officially OVER"  (Ad)pixel
No OPEC+ oil shakeup as Russian price cap stirs uncertainty
OPEC+ oil producers face uncertainty over Russian sanctions
"The Bull Market Is Officially OVER"  (Ad)pixel
FDA change ushers in cheaper, easier-to-get hearing aids
OPEC keeps oil targets amid uncertainty on Russian sanctions

Spirit Airlines - SAVE Stock Forecast, Price & News

$21.29
-0.14 (-0.65%)
(As of 12/2/2022 12:00 AM ET)
Add
Compare
Today's Range
$21.05
$21.40
50-Day Range
$19.43
$22.00
52-Week Range
$15.92
$28.30
Volume
424,162 shs
Average Volume
612,746 shs
Market Capitalization
$2.32 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$28.22

Spirit Airlines MarketRank™ Forecast

Analyst Rating
Hold
2.09 Rating Score
Upside/​Downside
32.6% Upside
$28.22 Price Target
Short Interest
Healthy
10.33% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.40mentions of Spirit Airlines in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($1.82) to $0.84 Per Share

Overall MarketRank

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

1.88 out of 5 stars

Transportation Sector

80th out of 123 stocks

Air Transportation, Scheduled Industry

12th out of 20 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.

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SAVE Stock News Headlines

Don't Fear The Labor Noise At American Airlines
Spirit Airlines cuts flights out of Milwaukee
SA airport lands more flights as airline expands its reach
Spirit Airlines Just Made It Harder to Fly
Spirit Airlines Cuts 37 Routes
Spirit Airlines (SAVE) Down 2% Since Q3 Earnings Release
Spirit Airlines Stock Flashing Bear Signal
Bearish Trendline Could Push Airline Stock Even Lower
Where RDU airlines rank by consumer complaints
See More Headlines
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SAVE Company Calendar

Last Earnings
10/27/2022
Today
12/04/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/06/2023

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
$28.22
High Stock Price Forecast
$38.00
Low Stock Price Forecast
$23.00
Forecasted Upside/Downside
+32.6%
Consensus Rating
Hold
Rating Score (0-4)
2.09
Research Coverage
11 Analysts

Profitability

Net Income
$-472,570,000.00
Pretax Margin
-9.70%

Debt

Sales & Book Value

Annual Sales
$3.23 billion
Book Value
$16.90 per share

Miscellaneous

Free Float
108,378,000
Market Cap
$2.32 billion
Optionable
Optionable
Beta
1.10

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?

11 Wall Street 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 2 buy ratings for the stock. The consensus among Wall Street 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 2023?

11 Wall Street research analysts have issued 1 year target prices for Spirit Airlines' stock. Their SAVE share price forecasts range from $23.00 to $38.00. On average, they expect the company's stock price to reach $28.22 in the next twelve months. This suggests a possible upside of 32.6% 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 decreased by 2.6% and is now trading at $21.29.
View the best growth stocks for 2022 here
.

Are investors shorting Spirit Airlines?

Spirit Airlines saw a increase in short interest in the month of October. As of October 31st, there was short interest totaling 11,010,000 shares, an increase of 16.8% from the October 15th total of 9,430,000 shares. Based on an average trading volume of 1,430,000 shares, the days-to-cover ratio is presently 7.7 days. Approximately 11.0% of the shares of the company are sold short.
View Spirit Airlines' Short Interest
.

When is Spirit Airlines' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, February 6th 2023.
View our SAVE earnings forecast
.

How were Spirit Airlines' earnings last quarter?

Spirit Airlines, Inc. (NYSE:SAVE) posted its earnings results on Thursday, October, 27th. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of ($0.09) by $0.12. The firm earned $1.34 billion during the quarter, compared to analysts' expectations of $1.35 billion. Spirit Airlines had a negative net margin of 7.95% and a negative trailing twelve-month return on equity of 14.01%. The firm's revenue for the quarter was up 45.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.69) EPS.

What guidance has Spirit Airlines issued on next quarter's earnings?

Spirit Airlines issued an update on its third quarter 2022 earnings guidance on Friday, September, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.33 billion-$1.37 billion, compared to the consensus revenue estimate of $1.43 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.

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 variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.14%), Dimensional Fund Advisors LP (3.40%), Alliancebernstein L.P. (1.28%), TIG Advisors LLC (1.13%), Alpine Associates Management Inc. (1.08%) and Versor Investments LP (1.07%). 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 $21.29.

How much money does Spirit Airlines make?

Spirit Airlines (NYSE:SAVE) has a market capitalization of $2.32 billion and generates $3.23 billion in revenue each year. The company earns $-472,570,000.00 in net income (profit) each year or ($3.40) 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 12/4/2022 by MarketBeat.com Staff