Spirit Airlines - SAVE Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Spirit Airlines in the last year. There are currently 1 sell rating, 8 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities 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.

13 analysts have issued 12 month target prices for Spirit Airlines' stock. Their SAVE share price forecasts range from $25.00 to $38.00. On average, they anticipate the company's stock price to reach $29.27 in the next twelve months. This suggests a possible upside of 18.5% from the stock's current price.
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Spirit Airlines' stock was trading at $21.85 at the beginning of the year. Since then, SAVE stock has increased by 13.0% and is now trading at $24.70.
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Spirit Airlines saw a decrease in short interest in July. As of July 15th, there was short interest totaling 5,620,000 shares, a decrease of 37.1% from the June 30th total of 8,930,000 shares. Based on an average trading volume of 3,830,000 shares, the days-to-cover ratio is currently 1.5 days. Currently, 8.3% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our SAVE earnings forecast.

Spirit Airlines, Inc. (NYSE:SAVE) posted its quarterly earnings data on Tuesday, August, 9th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.46) by $0.16. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.35 billion. Spirit Airlines had a negative net margin of 14.63% and a negative trailing twelve-month return on equity of 19.70%. The firm's revenue for the quarter was up 59.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.34) earnings per share.

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.

Spirit Airlines trades on the New York Stock Exchange (NYSE) under the ticker symbol "SAVE."

Spirit Airlines' stock is owned by a number of retail and institutional investors. Top institutional investors include Versor Investments LP (1.43%), Alpine Associates Management Inc. (1.11%), Bank of Montreal Can (0.00%), IMC Chicago LLC (0.00%), Walleye Trading LLC (0.00%) and Calamos Advisors LLC (0.17%). Insiders that own company stock include Brian J Mcmenamy, Christine P Richards, H Mcintyre Gardner, Robert D Johnson and Thomas C Canfield.
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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.
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One share of SAVE stock can currently be purchased for approximately $24.70.

Spirit Airlines (NYSE:SAVE) has a market capitalization of $2.68 billion and generates $3.23 billion in revenue each year. The company earns $-472,570,000.00 in net income (profit) each year or ($4.54) on an earnings per share basis.

The company employs 9,823 workers across the globe.

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.