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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
-0.03mentions of Spirit Airlines in the last 14 days
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


SAVE stock logo

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

SAVE Stock News Headlines

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Is Spirit Airlines Safe?
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

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 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

Net Income
$-554,150,000.00
Pretax Margin
-12.35%

Debt

Sales & Book Value

Annual Sales
$5.43 billion
Cash Flow
$1.31 per share
Book Value
$14.44 per share

Miscellaneous

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














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 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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