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NYSE:SAVE

Spirit Airlines (SAVE) Stock Price, News & Analysis

$6.48
+0.03 (+0.47%)
(As of 12:57 PM ET)
Today's Range
$6.38
$6.59
50-Day Range
$5.68
$16.85
52-Week Range
$4.04
$19.69
Volume
2.69 million shs
Average Volume
21.15 million shs
Market Capitalization
$709.43 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$8.17

Spirit Airlines MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.50 Rating Score
Upside/​Downside
26.0% Upside
$8.17 Price Target
Short Interest
Healthy
22.09% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.33mentions of Spirit Airlines in the last 14 days
Based on 26 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($2.77) to ($1.57) Per Share

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.

2.90 out of 5 stars

Transportation Sector

79th out of 116 stocks

Air Transportation, Scheduled Industry

12th out of 18 stocks


SAVE stock logo

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.

SAVE Stock Price History

SAVE Stock News Headlines

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Spirit AeroSystems names new board member
11 Best Airline Stocks to Buy According to Analysts
See More Headlines
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Company Calendar

Ex-Dividend for 1/31 Dividend
1/24/2024
Dividend Payable
1/31/2024
Last Earnings
2/08/2024
Ex-Dividend for 2/29 Dividend
2/22/2024
Dividend Payable
2/29/2024
Today
3/01/2024
Next Earnings (Estimated)
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Air transportation, scheduled
Sub-Industry
N/A
Employees
13,167
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$8.17
High Stock Price Target
$20.00
Low Stock Price Target
$4.00
Potential Upside/Downside
+26.2%
Consensus Rating
Reduce
Rating Score (0-4)
1.50
Research Coverage
6 Analysts

Profitability

Net Income
$-447,460,000.00
Pretax Margin
-10.42%

Debt

Sales & Book Value

Annual Sales
$5.36 billion
Book Value
$10.36 per share

Miscellaneous

Free Float
108,876,000
Market Cap
$708.34 million
Optionable
Optionable
Beta
1.37
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Key Executives

  • Mr. Edward M. Christie III (Age 53)
    President, CEO & Director
    Comp: $1.85M
  • Mr. Scott M. Haralson (Age 51)
    Executive VP & CFO
    Comp: $841.27k
  • Mr. John Bendoraitis (Age 60)
    Executive VP & COO
    Comp: $964.05k
  • Ms. Melinda C. Grindle (Age 50)
    Senior VP & Chief Human Resources Officer
    Comp: $657.28k
  • Mr. Matthew H. Klein (Age 50)
    Executive VP & Chief Commercial Officer
    Comp: $879.3k
  • Mr. Rocky B. Wiggins (Age 65)
    Senior VP & Chief Information Officer
    Comp: $798.12k
  • DeAnne Gabel
    Senior Director of Investor Relations
  • Mr. Thomas C. Canfield (Age 68)
    Senior VP, General Counsel & Company Secretary
    Comp: $701.45k
  • Mr. Robert A. Schroeter (Age 46)
    Senior VP & Chief Marketing Officer
    Comp: $405.77k
  • Mr. Brian J. McMenamy (Age 65)
    VP & Controller














SAVE Stock Analysis - Frequently Asked Questions

Should I buy or sell Spirit Airlines stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spirit Airlines in the last twelve months. There are currently 3 sell ratings and 3 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?

6 equities research analysts have issued 12-month price objectives for Spirit Airlines' shares. Their SAVE share price targets range from $4.00 to $20.00. On average, they predict the company's stock price to reach $8.17 in the next twelve months. This suggests a possible upside of 26.0% 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 2024?

Spirit Airlines' stock was trading at $16.39 on January 1st, 2024. Since then, SAVE shares have decreased by 60.5% and is now trading at $6.48.
View the best growth stocks for 2024 here
.

Are investors shorting Spirit Airlines?

Spirit Airlines saw a increase in short interest in the month of January. As of January 31st, there was short interest totaling 24,710,000 shares, an increase of 15.4% from the January 15th total of 21,420,000 shares. Based on an average daily volume of 15,820,000 shares, the short-interest ratio is currently 1.6 days. Approximately 22.9% of the company's shares 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 Wednesday, April 24th 2024.
View our SAVE earnings forecast
.

How were Spirit Airlines' earnings last quarter?

Spirit Airlines, Inc. (NYSE:SAVE) issued its quarterly earnings data on Thursday, February, 8th. The company reported ($1.36) earnings per share for the quarter, beating the consensus estimate of ($1.42) by $0.06. The business earned $1.32 billion during the quarter, compared to analysts' expectations of $1.32 billion. Spirit Airlines had a negative trailing twelve-month return on equity of 26.38% and a negative net margin of 8.34%. The company's revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.12 earnings per share.

How often does Spirit Airlines pay dividends? What is the dividend yield for Spirit Airlines?

Spirit Airlines announced a dividend on Tuesday, February 13th. Investors of record on Friday, February 23rd will be paid 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 guidance has Spirit Airlines issued on next quarter's earnings?

Spirit Airlines updated its first quarter 2024 earnings guidance on Thursday, February, 8th. 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 $1.2 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 investors include Vanguard Group Inc. (9.52%), Nomura Holdings Inc. (0.00%), Balyasny Asset Management L.P. (0.00%), Dimensional Fund Advisors LP (2.88%), III Capital Management (0.00%) and Citadel 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.

This page (NYSE:SAVE) was last updated on 3/1/2024 by MarketBeat.com Staff