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 target for 2024?

5 equities research analysts have issued 1 year target prices for Spirit Airlines' stock. Their SAVE share price targets range from $10.00 to $24.00. On average, they expect the company's stock price to reach $16.40 in the next twelve months. This suggests a possible upside of 14.8% 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 at the beginning of the year. Since then, SAVE stock has decreased by 26.7% and is now trading at $14.28. View the best growth stocks for 2023 here .

Are investors shorting Spirit Airlines?

Spirit Airlines saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 14,960,000 shares, an increase of 40.9% from the October 31st total of 10,620,000 shares. Based on an average trading volume of 3,370,000 shares, the days-to-cover ratio is currently 4.4 days. Approximately 13.8% 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 5th 2024. View our SAVE earnings forecast .

How were Spirit Airlines' earnings last quarter?

Spirit Airlines, Inc. (NYSE:SAVE) announced its earnings results on Thursday, October, 26th. The company reported ($1.37) EPS for the quarter, topping analysts' consensus estimates of ($1.47) by $0.10. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.26 billion. Spirit Airlines had a negative net margin of 9.84% and a negative trailing twelve-month return on equity of 13.33%. The firm's revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.03 EPS.

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

Spirit Airlines announced a dividend on Tuesday, November 14th. Investors of record on Friday, November 24th will be paid a dividend of $0.10 per share on Thursday, November 30th. The ex-dividend date is Wednesday, November 22nd. Read our dividend analysis for SAVE .

What ETFs hold Spirit Airlines' stock?

ETFs with the largest weight of Spirit Airlines (NYSE:SAVE) stock in their portfolio include Roundhill MEME ETF (MEME) , SPDR S&P Transportation ETF (XTN) , AltShares Merger Arbitrage ETF (ARB) , Direxion Daily Travel & Vacation Bull 2X Shares (OOTO) , Defiance Hotel, Airline, and Cruise ETF (CRUZ) and iShares U.S. Transportation ETF (IYT) . Direxion Daily Transportation Bull 3X Shares (TPOR) .

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 (EPS) 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.

Who are Spirit Airlines' major shareholders?

Spirit Airlines' stock is owned by a number of institutional and retail investors. Top institutional shareholders include FMR LLC (4.85%), Nomura Holdings Inc. (0.00%), Alpine Associates Management Inc. (1.74%), Letko Brosseau & Associates Inc. (1.51%), Ancient Art L.P. (1.27%) and Charles Schwab Investment Management Inc. (0.94%). 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 .

Spirit Airlines Stock Price, News & Analysis (NYSE:SAVE)

$14.00

-1.58 (-10.14%)

(As of 02:04 PM ET)

Compare

Today's Range: $12.80
▼
$15.55
50-Day Range: $8.78
▼
$16.85
52-Week Range: $8.68
▼
$21.25

Volume: 10.83 million shs
Average Volume: 2.23 million shs
Market Capitalization: $1.53 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $16.40

Spirit Airlines MarketRank™ Stock Analysis

Analyst Rating: Hold
2.20 Rating Score
Upside/Downside: 14.8% Upside
$16.40 Price Target
Short Interest: Bearish
13.83% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.03
Based on 19 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($3.42) to ($2.43) Per Share

Overall MarketRank^™

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

1.52 out of 5 stars

Transportation Sector

103rd out of 104 stocks

Air Transportation, Scheduled Industry

17th out of 17 stocks

2.1

Analyst's Opinion

Consensus Rating
Spirit Airlines has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 1 buy rating, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $16.40, Spirit Airlines has a forecasted upside of 14.8% from its current price of $14.28.
Amount of Analyst Coverage
Spirit Airlines has only been the subject of 3 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
13.83% of the float of Spirit Airlines has been sold short.
Short Interest Ratio / Days to Cover
Spirit Airlines has a short interest ratio ("days to cover") of 4.4.
Change versus previous month
Short interest in Spirit Airlines has recently increased by 40.87%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Spirit Airlines does not currently pay a dividend.
Dividend Growth
Spirit Airlines does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SAVE.

2.2

News and Social Media Coverage

News Sentiment
Spirit Airlines has a news sentiment score of -0.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.29 average news sentiment score of Transportation companies.
News Coverage This Week
MarketBeat has tracked 19 news articles for Spirit Airlines this week, compared to 14 articles on an average week.
Search Interest
57 people have searched for SAVE on MarketBeat in the last 30 days. This is an increase of 138% compared to the previous 30 days.
MarketBeat Follows
6 people have added Spirit Airlines to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Spirit Airlines insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.55% of the stock of Spirit Airlines is held by insiders.
Percentage Held by Institutions
65.22% of the stock of Spirit Airlines is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Spirit Airlines are expected to grow in the coming year, from ($3.42) to ($2.43) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Spirit Airlines is -2.91, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Spirit Airlines is -2.91, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Spirit Airlines has a P/B Ratio of 0.99. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Spirit Airlines Stock (NYSE:SAVE)

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 Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SAVE Stock News Headlines

December 5, 2023 | markets.businessinsider.com

Why Hawaiian Airlines Shares Are Trading Higher By Over 180%; Here Are 20 Stocks Moving Premarket

December 5, 2023 | finance.yahoo.com

UPDATE 1-Trial over JetBlue's Spirit merger ends with US judge mulling options

December 5, 2023 | Edge On The Street (Ad)

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December 5, 2023 | benzinga.com

Spotlight on Spirit Airlines: Analyzing the Surge in Options Activity

December 5, 2023 | finance.yahoo.com

JetBlue, at trial's end, urges judge to allow Spirit Airlines merger

December 5, 2023 | finance.yahoo.com

Spirit Airlines stock is falling as JetBlue merger decision nears; here's what you need to know

December 5, 2023 | finance.yahoo.com

Trial to determine whether JetBlue can buy Spirit, further consolidating industry, comes to a head

December 5, 2023 | forbes.com

Alaska Airlines Agrees To Buy Hawaiian Airlines

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December 4, 2023 | msn.com

The merger of JetBlue and Spirit is a net benefit to consumers

December 4, 2023 | benzinga.com

Spirit Airlines Options Trading: A Deep Dive into Market Sentiment

December 4, 2023 | 247wallst.com

Will Alaska-Hawaiian Airlines Merger Fly?

December 4, 2023 | finance.yahoo.com

Hawaiian Airlines Stock Nearly Triples on Alaska Deal. Why Shares Could Fly Higher.

December 4, 2023 | investing.com

Hawaiian Airlines' parent surges on $1.9 billion buyout deal with Alaska Air

December 4, 2023 | reuters.com

Hawaiian Airlines' parent surges on $1.9 bln buyout deal with Alaska Air

December 2, 2023 | msn.com

Is Spirit Airlines Safe?

December 1, 2023 | finance.yahoo.com

Leaked memo shows Spirit offering employees buyout packages to bring down costs

November 30, 2023 | msn.com

Size Does Matter! The Carry-On Luggage Sizes By Different Airlines

November 29, 2023 | msn.com

Spirit Airlines offers buyouts to salaried employees to cut costs

November 29, 2023 | msn.com

DOJ trial to block Spirit/JetBlue set to close on Tuesday as remaining days canceled

November 29, 2023 | finance.yahoo.com

Spirit Airlines Offers Employees Early Retirement in Cost-Cutting Bid

November 27, 2023 | msn.com

Spirit Airlines' Travel Tuesday specials: Some one way tickets drop below $30

November 25, 2023 | msn.com

Spirit Airlines offers $20 flights during ‘Black and Yellow’ sale

November 24, 2023 | yahoo.com

Spirit Airlines offers $20 flights for Black Friday

November 24, 2023 | markets.businessinsider.com

Soar Into Savings: Spirit Airlines Unleashes Black & Yellow Friday Bonanza

November 24, 2023 | finance.yahoo.com

Spirit Airlines Kicks Off Black & Yellow Friday with Limited-Time Offers on Flights, Vacation Packages and Free Spirit® Points

November 24, 2023 | msn.com

These Are the Best Black Friday Deals on Hotels, Cruises, Airlines and More — Up to 50% Off

See More Headlines

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Company Calendar

Ex-Dividend for 10/31 Dividend: 10/24/2023
Last Earnings: 10/26/2023
Dividend Payable: 10/31/2023
Ex-Dividend for 11/30 Dividend: 11/22/2023
Dividend Payable: 11/30/2023
Today: 12/05/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/05/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Air transportation, scheduled
Sub-Industry: N/A
Sector: Transportation
Current Symbol: NYSE:SAVE
CUSIP: N/A
CIK: 1498710
Web: www.spirit.com
Phone: (954) 447-7920
Fax: 954-447-7979
Employees: 12,025
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $16.40
High Stock Price Target: $24.00
Low Stock Price Target: $10.00
Potential Upside/Downside: +16.1%
Consensus Rating: Hold
Rating Score (0-4): 2.20
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($4.90)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-554,150,000.00
Net Margins: -9.84%
Pretax Margin: -12.35%
Return on Equity: -13.33%
Return on Assets: -2.09%

Debt

Debt-to-Equity Ratio: 2.31
Current Ratio: 0.91
Quick Ratio: 0.91

Sales & Book Value

Annual Sales: $5.43 billion
Price / Sales: 0.28
Cash Flow: $1.31 per share
Price / Cash Flow: 10.77
Book Value: $14.44 per share
Price / Book: 0.98

Miscellaneous

Outstanding Shares: 109,168,000
Free Float: 108,568,000
Market Cap: $1.54 billion
Optionable: Optionable
Beta: 1.32

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Key Executives

Mr. Edward M. Christie III (Age 52)
President, CEO & Director
Comp: $1.85M
Mr. Scott M. Haralson (Age 50)
Executive VP & CFO
Comp: $841.27k
Mr. John Bendoraitis (Age 59)
Executive VP & COO
Comp: $964.05k
Ms. Melinda C. Grindle (Age 49)
Senior VP & Chief Human Resources Officer
Comp: $657.28k
Mr. Matthew H. Klein (Age 49)
Executive VP & Chief Commercial Officer
Comp: $879.3k
Mr. Rocky B. Wiggins (Age 64)
Senior VP & Chief Information Officer
Comp: $798.12k
DeAnne Gabel
Senior Director of Investor Relations
Mr. Thomas C. Canfield (Age 67)
Senior VP, General Counsel & Company Secretary
Comp: $701.45k
Mr. Robert A. Schroeter (Age 45)
Senior VP & Chief Marketing Officer
Comp: $405.77k
Mr. Brian J. McMenamy (Age 64)
VP & Controller

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

SAVE Stock Analysis - 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 target for 2024?: 5 equities research analysts have issued 1 year target prices for Spirit Airlines' stock. Their SAVE share price targets range from $10.00 to $24.00. On average, they expect the company's stock price to reach $16.40 in the next twelve months. This suggests a possible upside of 14.8% 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 at the beginning of the year. Since then, SAVE stock has decreased by 26.7% and is now trading at $14.28.
View the best growth stocks for 2023 here.
Are investors shorting Spirit Airlines?: Spirit Airlines saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 14,960,000 shares, an increase of 40.9% from the October 31st total of 10,620,000 shares. Based on an average trading volume of 3,370,000 shares, the days-to-cover ratio is currently 4.4 days. Approximately 13.8% 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 5th 2024.
View our SAVE earnings forecast.
How were Spirit Airlines' earnings last quarter?: Spirit Airlines, Inc. (NYSE:SAVE) announced its earnings results on Thursday, October, 26th. The company reported ($1.37) EPS for the quarter, topping analysts' consensus estimates of ($1.47) by $0.10. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.26 billion. Spirit Airlines had a negative net margin of 9.84% and a negative trailing twelve-month return on equity of 13.33%. The firm's revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.03 EPS.

How often does Spirit Airlines pay dividends? What is the dividend yield for Spirit Airlines?: Spirit Airlines announced a dividend on Tuesday, November 14th. Investors of record on Friday, November 24th will be paid a dividend of $0.10 per share on Thursday, November 30th. The ex-dividend date is Wednesday, November 22nd.
Read our dividend analysis for SAVE.
What ETFs hold Spirit Airlines' stock?: ETFs with the largest weight of Spirit Airlines (NYSE:SAVE) stock in their portfolio include Roundhill MEME ETF (MEME), SPDR S&P Transportation ETF (XTN), AltShares Merger Arbitrage ETF (ARB), Direxion Daily Travel & Vacation Bull 2X Shares (OOTO), Defiance Hotel, Airline, and Cruise ETF (CRUZ) and iShares U.S. Transportation ETF (IYT).Direxion Daily Transportation Bull 3X Shares (TPOR).
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 (EPS) 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.
Who are Spirit Airlines' major shareholders?: Spirit Airlines' stock is owned by a number of institutional and retail investors. Top institutional shareholders include FMR LLC (4.85%), Nomura Holdings Inc. (0.00%), Alpine Associates Management Inc. (1.74%), Letko Brosseau & Associates Inc. (1.51%), Ancient Art L.P. (1.27%) and Charles Schwab Investment Management Inc. (0.94%).
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.

This page (NYSE:SAVE) was last updated on 12/5/2023 by MarketBeat.com Staff

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Spirit Airlines Stock Price, News & Analysis (NYSE:SAVE)

Spirit Airlines MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Spirit Airlines Stock (NYSE:SAVE)

SAVE Stock Price History

SAVE Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

SAVE Stock Analysis - Frequently Asked Questions

Overall MarketRank^™