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NYSE:SAVE

Spirit Airlines (SAVE) Stock Forecast, Price & News

$16.50
+0.20 (+1.23%)
(As of 09/27/2023 ET)
Compare
Today's Range
$16.32
$16.70
50-Day Range
$15.07
$18.82
52-Week Range
$14.41
$22.70
Volume
1.25 million shs
Average Volume
1.59 million shs
Market Capitalization
$1.80 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$17.50

Spirit Airlines MarketRank™ Forecast

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
6.0% Upside
$17.50 Price Target
Short Interest
Bearish
8.73% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.27mentions of Spirit Airlines in the last 14 days
Based on 19 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($2.41) to ($0.56) Per Share

Overall MarketRank

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

1.07 out of 5 stars

Transportation Sector

113th out of 114 stocks

Air Transportation, Scheduled Industry

18th out of 18 stocks


SAVE stock logo

About Spirit Airlines (NYSE:SAVE) Stock

Spirit Airlines, Inc. provides airline services. The company provides front seats, including wider seats with extra legroom, carry-on and checked baggage, assigned seats, travel insurance, and onboard beverages and snacks, as well as hotels, cars, vacation packages, and cruises services. It serves 92 destinations in 16 countries in the United States, Latin America, and the Caribbean. As of December 31, 2022, the company had a fleet of 194 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 founded in 1964 and is headquartered in Miramar, Florida.

SAVE Price History

SAVE Stock News Headlines

Is Jet Blue's Descent Into Penny Stock Territory an Opportunity? (SAVE)
Until the fundamentals show progress, Jet Blue stock may be headed due south to a new all-time low - with or without the pending Spirit deal.
Rocket Pharmaceuticals, Moderna rise; American Airlines, Spirit Airlines fall, Wednesday, 9/13/2023
Stocks that are trading heavily or have substantial price changes on Wednesday: Rocket Pharmaceuticals, Moderna rise; American Airlines, Spirit Airlines fall
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
JetBlue is stepping up a campaign to save its plan to buy Spirit Airlines for $3.8 billion
JetBlue Airways is making another move to try to save its proposed purchase of Spirit Airlines
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
Analysts Set Spirit Airlines, Inc. (NYSE:SAVE) Price Target at $18.80
Here's Why Investors Should Avoid Spirit Airlines (SAVE) Now
Spirit Airlines Sees Unusually Large Options Volume (NYSE:SAVE)
Spirit Airlines Stock Rises Above The Clouds - Here's What's Happening
I've Lost My Enthusiasm for Spirit Airlines
Airline Industry Depreciates 7.1% in Past Month: Here's Why
See More Headlines
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SAVE Company Calendar

Last Earnings
8/03/2023
Ex-Dividend for 8/31 Dividend
8/24/2023
Dividend Payable
8/31/2023
Ex-Dividend for 9/29 Dividend
9/22/2023
Today
9/27/2023
Dividend Payable
9/29/2023
Next Earnings (Estimated)
10/25/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Air transportation, scheduled
Sub-Industry
N/A
Employees
12,025
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$17.50
High Stock Price Forecast
$24.00
Low Stock Price Forecast
$10.00
Forecasted Upside/Downside
+6.4%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$-554,150,000.00
Pretax Margin
-9.35%

Debt

Sales & Book Value

Annual Sales
$5.07 billion
Cash Flow
$1.40 per share
Book Value
$14.44 per share

Miscellaneous

Free Float
108,561,000
Market Cap
$1.80 billion
Optionable
Optionable
Beta
1.12
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Key Executives

  • Mr. Edward M. Christie III (Age 52)
    Pres, CEO & Director
    Comp: $1.85M
  • Mr. Scott M. Haralson (Age 50)
    Exec. VP & CFO
    Comp: $841.27k
  • Mr. John Bendoraitis (Age 59)
    Exec. VP & COO
    Comp: $964.05k
  • Ms. Melinda C. Grindle (Age 49)
    Sr. VP & Chief HR Officer
    Comp: $657.28k
  • Mr. Matthew H. Klein (Age 49)
    Exec. VP & Chief Commercial Officer
    Comp: $879.3k
  • Mr. Rocky B. Wiggins (Age 64)
    Sr. VP & Chief Information Officer
  • DeAnne Gabel
    Sr. Director of Investor Relations
  • Mr. Thomas C. Canfield (Age 67)
    Sr. VP, Gen. Counsel & Company Sec.
  • Mr. Robert A. Schroeter (Age 45)
    Sr. VP & Chief Marketing Officer
  • Mr. Brian J. McMenamy (Age 64)
    VP & Controller













SAVE Stock - Frequently Asked Questions

Should I buy or sell Spirit Airlines stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spirit Airlines in the last year. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 2023?

5 brokerages have issued 1 year price objectives for Spirit Airlines' stock. Their SAVE share price forecasts range from $10.00 to $24.00. On average, they expect the company's stock price to reach $17.50 in the next year. This suggests a possible upside of 6.4% 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 2023?

Spirit Airlines' stock was trading at $19.48 on January 1st, 2023. Since then, SAVE stock has decreased by 15.6% and is now trading at $16.45.
View the best growth stocks for 2023 here
.

Are investors shorting Spirit Airlines?

Spirit Airlines saw a increase in short interest during the month of August. As of August 15th, there was short interest totaling 7,910,000 shares, an increase of 20.2% from the July 31st total of 6,580,000 shares. Based on an average trading volume of 1,540,000 shares, the short-interest ratio is presently 5.1 days. Approximately 7.3% of the shares of the stock 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, October 25th 2023.
View our SAVE earnings forecast
.

How were Spirit Airlines' earnings last quarter?

Spirit Airlines, Inc. (NYSE:SAVE) announced its quarterly earnings results on Thursday, August, 3rd. The company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by $0.10. The firm had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.47 billion. Spirit Airlines had a negative net margin of 7.49% and a negative trailing twelve-month return on equity of 2.57%. The firm's quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the business posted ($0.30) EPS.

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

Spirit Airlines announced a dividend on Tuesday, September 19th. Shareholders of record on Monday, September 25th will be paid a dividend of $0.10 per share on Friday, September 29th. This represents a dividend yield of 5.47%. The ex-dividend date of this dividend is Friday, September 22nd.
Read our dividend analysis for SAVE
.

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

Spirit Airlines updated its third quarter 2023 earnings guidance on Wednesday, September, 13th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.25 billion-$1.25 billion, compared to the consensus revenue estimate of $1.32 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 retail and institutional investors. Top institutional shareholders include Cyrus Capital Partners L.P. (2.86%), Dimensional Fund Advisors LP (2.83%), Geode Capital Management LLC (1.96%), Alliancebernstein L.P. (1.60%), State of Wisconsin Investment Board (1.58%) and Letko Brosseau & Associates Inc. (1.51%).
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 $16.45.

How much money does Spirit Airlines make?

Spirit Airlines (NYSE:SAVE) has a market capitalization of $1.80 billion and generates $5.07 billion in revenue each year. The company earns $-554,150,000.00 in net income (profit) each year or ($3.79) on an earnings per share basis.

How many employees does Spirit Airlines have?

The company employs 12,025 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 9/27/2023 by MarketBeat.com Staff

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