Spirit Airlines Stock Forecast, Price & News

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spirit Airlines in the last twelve months. There are currently 3 sell ratings, 6 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" Spirit Airlines stock. 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.
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Spirit Airlines saw a decrease in short interest in January. As of January 15th, there was short interest totaling 13,580,000 shares, a decrease of 14.4% from the December 31st total of 15,870,000 shares. Based on an average trading volume of 7,460,000 shares, the days-to-cover ratio is presently 1.8 days.
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Spirit Airlines is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
View our earnings forecast for Spirit Airlines.

Spirit Airlines, Inc. (NYSE:SAVE) announced its quarterly earnings results on Tuesday, February, 9th. The company reported ($1.61) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($1.44) by $0.17. The business earned $498.50 million during the quarter, compared to analysts' expectations of $511.25 million. Spirit Airlines had a negative trailing twelve-month return on equity of 20.56% and a negative net margin of 8.34%. The company's revenue was down 48.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.24 earnings per share.
View Spirit Airlines' earnings history.

Spirit Airlines' stock was trading at $20.93 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SAVE stock has increased by 73.6% and is now trading at $36.34.
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15 brokerages have issued 1-year price targets for Spirit Airlines' stock. Their forecasts range from $10.00 to $44.00. On average, they anticipate Spirit Airlines' stock price to reach $26.47 in the next twelve months. This suggests that the stock has a possible downside of 27.2%.
View analysts' price targets for Spirit Airlines or view top-rated stocks among Wall Street analysts.

78 employees have rated Spirit Airlines CEO Ted Christie on Glassdoor.com. Ted Christie has an approval rating of 93% among Spirit Airlines' employees. This puts Ted Christie in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Spirit Airlines include American Airlines Group (AAL), Azul (AZUL), China Southern Airlines (ZNH), Alaska Air Group (ALK), China Eastern Airlines (CEA), Deutsche Lufthansa (DLAKY), Air Canada (ACDVF), JetBlue Airways (JBLU), International Consolidated Airlines Group (ICAGY), easyJet (EJTTF), Allegiant Travel (ALGT), Copa (CPA), Cathay Pacific Airways (CPCAY), Air France-KLM (AFLYY) and SkyWest (SKYW).
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Spirit Airlines trades on the New York Stock Exchange (NYSE) under the ticker symbol "SAVE."

Spirit Airlines' stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.52%), U S Global Investors Inc. (4.71%), Dimensional Fund Advisors LP (4.38%), Northern Trust Corp (1.13%), Letko Brosseau & Associates Inc. (0.82%) and Charles Schwab Investment Management Inc. (0.80%). Company insiders that own Spirit Airlines stock include Brian J Mcmenamy, Christine P Richards, Edward M Christie III, H Mcintyre Gardner, Laurie Villa, Robert D Johnson, Rocky Wiggins and Thomas C Canfield.
View institutional ownership trends for Spirit Airlines.

SAVE stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Letko Brosseau & Associates Inc., Northern Trust Corp, Squarepoint Ops LLC, Dimensional Fund Advisors LP, Hsbc Holdings PLC, ExodusPoint Capital Management LP, and Voloridge Investment Management LLC. Company insiders that have sold Spirit Airlines company stock in the last year include H Mcintyre Gardner, and Robert D Johnson.
View insider buying and selling activity for Spirit Airlines or view top insider-selling stocks.

SAVE stock was acquired by a variety of institutional investors in the last quarter, including U S Global Investors Inc., BlackRock Inc., Renaissance Technologies LLC, SummerHaven Investment Management LLC, Panagora Asset Management Inc., Norges Bank, Principal Financial Group Inc., and Caption Management LLC. Company insiders that have bought Spirit Airlines stock in the last two years include Christine P Richards, Edward M Christie III, H Mcintyre Gardner, Rocky Wiggins, and Thomas C Canfield.
View insider buying and selling activity for Spirit Airlines or or view top insider-buying stocks.

Shares of SAVE 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.
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One share of SAVE stock can currently be purchased for approximately $36.34.

Spirit Airlines has a market capitalization of $3.55 billion and generates $3.83 billion in revenue each year. The company earns $335.26 million in net income (profit) each year or $5.09 on an earnings per share basis.

Spirit Airlines employs 8,756 workers across the globe.

The official website for Spirit Airlines is www.spirit.com.

Spirit Airlines is headquartered at 2800 EXECUTIVE WAY, MIRAMAR FL, 33025.

Spirit Airlines' mailing address is 2800 EXECUTIVE WAY, MIRAMAR FL, 33025. The company can be reached via phone at 954 447 7920 or via email at [email protected]