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NYSE:SAVE

Spirit Airlines (SAVE) Stock Price, News & Analysis

$3.65
-0.09 (-2.41%)
(As of 11:57 AM ET)
Today's Range
$3.59
$3.78
50-Day Range
$3.31
$4.91
52-Week Range
$3.18
$19.69
Volume
1.69 million shs
Average Volume
13.06 million shs
Market Capitalization
$399.68 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.57

Spirit Airlines MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.50 Rating Score
Upside/​Downside
1.3% Downside
$3.57 Price Target
Short Interest
Bearish
26.90% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.00mentions of Spirit Airlines in the last 14 days
Based on 19 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($3.38) to ($1.87) 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.

0.37 out of 5 stars

Transportation Sector

105th out of 112 stocks

Air Transportation, Scheduled Industry

15th 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

SAVE May 2024 4.000 call
Spirit Airlines (NYSE:SAVE) Price Target Cut to $3.50
See More Headlines
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Company Calendar

Ex-Dividend for 2/29 Dividend
2/22/2024
Dividend Payable
2/29/2024
Last Earnings
5/06/2024
Today
5/22/2024
Next Earnings (Estimated)
8/01/2024
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
$3.57
High Stock Price Target
$5.00
Low Stock Price Target
$3.00
Potential Upside/Downside
-4.4%
Consensus Rating
Reduce
Rating Score (0-4)
1.50
Research Coverage
8 Analysts

Profitability

Net Income
$-447,460,000.00
Pretax Margin
-10.88%

Debt

Sales & Book Value

Annual Sales
$5.36 billion
Book Value
$9.15 per share

Miscellaneous

Free Float
108,899,000
Market Cap
$408.98 million
Optionable
Optionable
Beta
1.41
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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. Brian J. McMenamy (Age 65)
    VP & Controller
  • Simon Gore
    Treasurer

SAVE Stock Analysis - Frequently Asked Questions

Should I buy or sell Spirit Airlines stock right now?

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

8 Wall Street analysts have issued twelve-month target prices for Spirit Airlines' shares. Their SAVE share price targets range from $3.00 to $5.00. On average, they predict the company's stock price to reach $3.57 in the next twelve months. This suggests that the stock has a possible downside of 1.3%.
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 at the beginning of the year. Since then, SAVE stock has decreased by 77.9% and is now trading at $3.62.
View the best growth stocks for 2024 here
.

When is Spirit Airlines' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024.
View our SAVE earnings forecast
.

How were Spirit Airlines' earnings last quarter?

Spirit Airlines, Inc. (NYSE:SAVE) issued its earnings results on Monday, May, 6th. The company reported ($1.46) earnings per share for the quarter, missing analysts' consensus estimates of ($1.45) by $0.01. The business had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.27 billion. Spirit Airlines had a negative trailing twelve-month return on equity of 34.64% and a negative net margin of 9.21%. The company's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.82) earnings per share.

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

Spirit Airlines declared a dividend on Tuesday, February 13th. Shareholders 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 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) 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 issued an update on its second quarter 2024 earnings guidance on Tuesday, May, 7th. The company provided earnings per share (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 $1.5 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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.58%), Shaolin Capital Management LLC (0.00%), Murchinson Ltd. (0.00%), Walleye Trading LLC (0.00%), BNP Paribas Financial Markets (0.67%) and Whitebox 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 5/23/2024 by MarketBeat.com Staff

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