NYSE:SAVE Spirit Airlines (SAVE) Stock Forecast, Price & News $16.50 +0.20 (+1.23%) (As of 09/27/2023 ET) Add Compare Share Share Today's Range$16.32▼$16.7050-Day Range$15.07▼$18.8252-Week Range$14.41▼$22.70Volume1.25 million shsAverage Volume1.59 million shsMarket Capitalization$1.80 billionP/E RatioN/ADividend YieldN/APrice Target$17.50 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Spirit Airlines MarketRank™ ForecastAnalyst RatingHold2.20 Rating ScoreUpside/Downside6.0% Upside$17.50 Price TargetShort InterestBearish8.73% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.27Based on 19 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($2.41) to ($0.56) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.07 out of 5 starsTransportation Sector113th out of 114 stocksAir Transportation, Scheduled Industry18th out of 18 stocks 1.1 Analyst's Opinion Consensus RatingSpirit 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/DownsideAccording to analysts' consensus price target of $17.50, Spirit Airlines has a forecasted upside of 6.0% from its current price of $16.51.Amount of Analyst CoverageSpirit Airlines has only been the subject of 3 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted8.73% of the float of Spirit Airlines has been sold short.Short Interest Ratio / Days to CoverSpirit Airlines has a short interest ratio ("days to cover") of 5.9.Change versus previous monthShort interest in Spirit Airlines has recently increased by 10.28%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldSpirit Airlines does not currently pay a dividend.Dividend GrowthSpirit Airlines does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for SAVE. Previous Next 2.4 News and Social Media Coverage News SentimentSpirit Airlines has a news sentiment score of 0.27. 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 0.75 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 19 news articles for Spirit Airlines this week, compared to 13 articles on an average week.Search InterestOnly 12 people have searched for SAVE on MarketBeat in the last 30 days. This is a decrease of -29% compared to the previous 30 days.MarketBeat Follows5 people have added Spirit Airlines to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Spirit Airlines insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.55% of the stock of Spirit Airlines is held by insiders.Percentage Held by Institutions65.22% of the stock of Spirit Airlines is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Spirit Airlines are expected to grow in the coming year, from ($2.41) to ($0.56) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Spirit Airlines is -4.36, 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. SectorThe P/E ratio of Spirit Airlines is -4.36, 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 RatioSpirit Airlines has a P/B Ratio of 1.14. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Spirit Airlines (NYSE:SAVE) StockSpirit 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.Read More SAVE Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SAVE Stock News HeadlinesSeptember 25, 2023 | marketbeat.comIs Jet Blue's Descent Into Penny Stock Territory an Opportunity? (SAVE)Until the fundamentals show progress, Jet Blue stock may be headed due south to a new all-time low - with or without the pending Spirit deal.September 13, 2023 | marketbeat.comRocket Pharmaceuticals, Moderna rise; American Airlines, Spirit Airlines fall, Wednesday, 9/13/2023Stocks that are trading heavily or have substantial price changes on Wednesday: Rocket Pharmaceuticals, Moderna rise; American Airlines, Spirit Airlines fallSeptember 27, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Missile" to Replace Nuclear MissilesCBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!September 11, 2023 | marketbeat.comJetBlue is stepping up a campaign to save its plan to buy Spirit Airlines for $3.8 billionJetBlue Airways is making another move to try to save its proposed purchase of Spirit AirlinesSeptember 27, 2023 | reuters.comUS senator wants JetBlue CEO to answer if Spirit deal will hike air faresSeptember 26, 2023 | finance.yahoo.comGovernment shutdown could impact airlines' efficiency: ExpertSeptember 26, 2023 | americanbankingnews.comSpirit Airlines (NYSE:SAVE) Given New $16.50 Price Target at CitigroupSeptember 25, 2023 | msn.comUh-Oh: U.S. Airlines Are Starting to Bring Back Round Trip PricingSeptember 27, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Missile" to Replace Nuclear MissilesCBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!September 25, 2023 | finance.yahoo.comA traveler says Spirit Airlines stole more than $14K of her luxury clothes (here's what really happened)September 25, 2023 | msn.comA traveler says Spirit Airlines stole more than $14K of her luxury clothesSeptember 25, 2023 | markets.businessinsider.comAnalysts Offer Insights on NA Companies: Spirit Airlines (SAVE) and Macy’s (M)September 25, 2023 | americanbankingnews.comAnalysts Set Spirit Airlines, Inc. (NYSE:SAVE) Price Target at $18.80September 22, 2023 | finance.yahoo.comFrontier Extends Record Rout as Wall Street Downgrades Pile UpSeptember 22, 2023 | finance.yahoo.comHere's Why Investors Should Avoid Spirit Airlines (SAVE) NowSeptember 22, 2023 | americanbankingnews.comSpirit Airlines Sees Unusually Large Options Volume (NYSE:SAVE)September 21, 2023 | markets.businessinsider.comSpirit Airlines Stock Rises Above The Clouds - Here's What's HappeningSeptember 21, 2023 | finance.yahoo.comIs Spirit Airlines Inc (SAVE) Set to Underperform? Analyzing the Factors Limiting GrowthSeptember 21, 2023 | nasdaq.comFOCUS-Travel boom not enough to drive profits at US budget airlines Frontier, SpiritSeptember 21, 2023 | finance.yahoo.comThe Zacks Analyst Blog Highlights American Airlines, Delta Air Lines, United Airlines, Spirit Airlines and Hawaiian HoldingsSeptember 21, 2023 | msn.comTravel boom not enough to drive profits at US budget airlines Frontier, SpiritSeptember 20, 2023 | msn.comWall Street far too optimistic on timing for Spirit Airlines/JetBlue deal - analystSeptember 20, 2023 | msn.comSpirit Airlines cancels international route from Austin citing low demandSeptember 20, 2023 | finance.yahoo.comI've Lost My Enthusiasm for Spirit AirlinesSeptember 20, 2023 | finance.yahoo.comAirline Industry Depreciates 7.1% in Past Month: Here's WhySeptember 20, 2023 | americanbankingnews.comSpirit Airlines (NYSE:SAVE) Trading Down 4.7% Following Analyst DowngradeSeptember 19, 2023 | finance.yahoo.comIs Spirit Airlines (SAVE) Too Good to Be True? A Comprehensive Analysis of a Potential Value TrapSee More Headlines Receive SAVE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Spirit Airlines and its competitors with MarketBeat's FREE daily newsletter. Email Address SAVE Company Calendar Last Earnings8/03/2023Ex-Dividend for 8/31 Dividend8/24/2023Dividend Payable8/31/2023Ex-Dividend for 9/29 Dividend9/22/2023Today9/27/2023Dividend Payable9/29/2023Next Earnings (Estimated)10/25/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Air transportation, scheduled Sub-IndustryN/A SectorTransportation Current SymbolNYSE:SAVE CUSIPN/A CIK1498710 Webwww.spirit.com Phone(954) 447-7920Fax954-447-7979Employees12,025Year FoundedN/APrice Target and Rating Average Stock Price Forecast$17.50 High Stock Price Forecast$24.00 Low Stock Price Forecast$10.00 Forecasted Upside/Downside+6.4%Consensus RatingHold Rating Score (0-4)2.20 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)($3.79) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-554,150,000.00 Net Margins-7.49% Pretax Margin-9.35% Return on Equity-2.57% Return on Assets-0.45% Debt Debt-to-Equity Ratio2.09 Current Ratio1.05 Quick Ratio1.05 Sales & Book Value Annual Sales$5.07 billion Price / Sales0.35 Cash Flow$1.40 per share Price / Cash Flow11.75 Book Value$14.44 per share Price / Book1.14Miscellaneous Outstanding Shares109,160,000Free Float108,561,000Market Cap$1.80 billion OptionableOptionable Beta1.12 Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.Get This Free Report Key ExecutivesMr. Edward M. Christie III (Age 52)Pres, CEO & Director Comp: $1.85MMr. Scott M. Haralson (Age 50)Exec. VP & CFO Comp: $841.27kMr. John Bendoraitis (Age 59)Exec. VP & COO Comp: $964.05kMs. Melinda C. Grindle (Age 49)Sr. VP & Chief HR Officer Comp: $657.28kMr. Matthew H. Klein (Age 49)Exec. VP & Chief Commercial Officer Comp: $879.3kMr. Rocky B. Wiggins (Age 64)Sr. VP & Chief Information Officer DeAnne GabelSr. Director of Investor RelationsMr. Thomas C. Canfield (Age 67)Sr. VP, Gen. Counsel & Company Sec. Mr. Robert A. Schroeter (Age 45)Sr. VP & Chief Marketing Officer Mr. Brian J. McMenamy (Age 64)VP & Controller More ExecutivesKey CompetitorsSkyWestNASDAQ:SKYWJetBlue AirwaysNASDAQ:JBLUAllegiant TravelNASDAQ:ALGTFrontier GroupNASDAQ:ULCCSun Country AirlinesNASDAQ:SNCYView All CompetitorsInstitutional OwnershipBluefin Capital Management LLCSold 16,100 shares on 9/11/2023Ownership: 0.000%CTC Alternative Strategies Ltd.Bought 20,000 shares on 8/23/2023Ownership: 0.018%California State Teachers Retirement SystemSold 3,952 shares on 8/21/2023Ownership: 0.055%Osaic Holdings Inc.Bought 6,199 shares on 8/21/2023Ownership: 0.046%Rockefeller Capital Management L.P.Bought 4,288 shares on 8/15/2023Ownership: 0.004%View All Institutional Transactions SAVE Stock - 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 forecast for 2023? 5 brokerages have issued 1 year price objectives for Spirit Airlines' stock. Their SAVE share price forecasts range from $10.00 to $24.00. On average, they expect the company's stock price to reach $17.50 in the next year. This suggests a possible upside of 6.4% 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 on January 1st, 2023. Since then, SAVE stock has decreased by 15.6% and is now trading at $16.45. View the best growth stocks for 2023 here. Are investors shorting Spirit Airlines? Spirit Airlines saw a increase in short interest during the month of August. As of August 15th, there was short interest totaling 7,910,000 shares, an increase of 20.2% from the July 31st total of 6,580,000 shares. Based on an average trading volume of 1,540,000 shares, the short-interest ratio is presently 5.1 days. Approximately 7.3% of the shares of the stock 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 Wednesday, October 25th 2023. View our SAVE earnings forecast. How were Spirit Airlines' earnings last quarter? Spirit Airlines, Inc. (NYSE:SAVE) announced its quarterly earnings results on Thursday, August, 3rd. The company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by $0.10. The firm had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.47 billion. Spirit Airlines had a negative net margin of 7.49% and a negative trailing twelve-month return on equity of 2.57%. The firm's quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the business posted ($0.30) EPS. How often does Spirit Airlines pay dividends? What is the dividend yield for Spirit Airlines? Spirit Airlines announced a dividend on Tuesday, September 19th. Shareholders of record on Monday, September 25th will be paid a dividend of $0.10 per share on Friday, September 29th. This represents a dividend yield of 5.47%. The ex-dividend date of this dividend is Friday, September 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 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. What is Spirit Airlines' stock symbol? Spirit Airlines trades on the New York Stock Exchange (NYSE) under the ticker symbol "SAVE." Who are Spirit Airlines' major shareholders? Spirit Airlines' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Cyrus Capital Partners L.P. (2.86%), Dimensional Fund Advisors LP (2.83%), Geode Capital Management LLC (1.96%), Alliancebernstein L.P. (1.60%), State of Wisconsin Investment Board (1.58%) and Letko Brosseau & Associates Inc. (1.51%). 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. What is Spirit Airlines' stock price today? One share of SAVE stock can currently be purchased for approximately $16.45. How much money does Spirit Airlines make? Spirit Airlines (NYSE:SAVE) has a market capitalization of $1.80 billion and generates $5.07 billion in revenue each year. The company earns $-554,150,000.00 in net income (profit) each year or ($3.79) on an earnings per share basis. How many employees does Spirit Airlines have? The company employs 12,025 workers across the globe. How can I contact Spirit Airlines? 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. This page (NYSE:SAVE) was last updated on 9/27/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Spirit Airlines, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.