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NYSE:SAVE

Spirit Airlines Stock Forecast, Price & News

$36.00
+0.55 (+1.55 %)
(As of 02/26/2021 01:34 PM ET)
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Compare
Today's Range
$34.82
Now: $36.00▼
$36.76
50-Day Range
$24.43
MA: $28.86▼
$38.34
52-Week Range
$7.01
Now: $36.00▼
$39.14
Volume93,352 shs
Average Volume5.65 million shs
Market Capitalization$3.52 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.59
Spirit Airlines, Inc. provides airline services. It serves 78 destinations in 16 countries in the United States, Latin America, and the Caribbean. As of December 31, 2020, the company had a fleet of 157 Airbus single-aisle aircraft comprising 31 A319ceos, 64 A320ceos, 32 A320neos, and 30 A321ceos. It offers tickets through its call centers and airport ticket counters, as well as online through spirit.com; and through various third parties, including online, traditional travel agents, and electronic global distribution systems. 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.
Spirit Airlines logo

Headlines

Spirit Airlines Named One of FORTUNE's World's Most Admired® Companies for 2021
February 26, 2021 |  finance.yahoo.com
Milwaukee fills 'gaping hole' in Spirit Airlines' Midwest service
February 26, 2021 |  bizjournals.com
Spirit Airlines, hoping to capitalize on travel rebound, adding two new cities this summer
February 26, 2021 |  usatoday.com
Spirit Airlines (SAVE) to Begin Nonstop Flights From Milwaukee
February 25, 2021 |  msn.com
Spirit Announces Nonstop Flights From Milwaukee to Vegas, LA and Orlando
February 24, 2021 |  msn.com
Spirit Airlines set to begin service between Milwaukee and Los Angeles, Orlando and Las Vegas
February 24, 2021 |  usatoday.com
Milwaukee Welcomes Spirit Airlines, Gains New Daily Nonstop Routes to Popular Destinations
February 24, 2021 |  finance.yahoo.com
Francis Chou's Top 4 Sells of the 4th Quarter
February 23, 2021 |  finance.yahoo.com
Spirit Airlines Lines Up for a Landing in Louisville
February 23, 2021 |  finance.yahoo.com
Union files lawsuit against Spirit Airlines
February 23, 2021 |  bizjournals.com
Mercury Financial LLC and Spirit Airlines Announce Launch of Co-Branded Credit Card
February 22, 2021 |  marketwatch.com
Thinking about trading options or stock in Nektar Therapeutics, Sleep Number, General Electric, Twilio, or Spirit Airlines?
February 18, 2021 |  prnewswire.com
See More Headlines

Industry, Sector and Symbol

Stock Exchange NYSE
Industry Air transportation, scheduled
Sub-IndustryN/A
SectorTransportation
Current SymbolNYSE:SAVE
Previous Symbol
CUSIPN/A
CIKN/A
Webwww.spirit.com
Phone954 447 7920
Employees8,756
Year FoundedN/A

Debt

Debt-to-Equity Ratio1.28
Current Ratio1.93
Quick Ratio1.93

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$3.83 billion
Price / Sales0.92
Cash Flow$12.16 per share
Price / Cash Flow2.96
Book Value$33.03 per share
Price / Book1.09

Profitability

EPS (Most Recent Fiscal Year)$5.09
Net Income$335.26 million
Net Margins-8.34%
Return on Equity-20.56%
Return on Assets-6.21%

Miscellaneous

Outstanding Shares97,783,000
Market Cap$3.52 billion
Next Earnings Date5/5/2021 (Estimated)
OptionableOptionable

MarketRank™

Overall MarketRank™

1.00 out of 5 stars

Transportation Sector

134th out of 239 stocks

Air Transportation, Scheduled Industry

17th out of 31 stocks

Analyst Opinion: 2.1Community Rank: 1.4Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 0.6 5 -4 -3 -2 -1 -
$36.00
+0.55 (+1.55 %)
(As of 02/26/2021 01:34 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Spirit Airlines (NYSE:SAVE) Frequently Asked Questions

Is Spirit Airlines a buy right now?

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spirit Airlines in the last year. There are currently 3 sell ratings, 7 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" Spirit Airlines stock. 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 analyst ratings for Spirit Airlines or view top-rated stocks.

What stocks does MarketBeat like better than Spirit Airlines?

Wall Street analysts have given Spirit Airlines a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Spirit Airlines wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Spirit Airlines?

Spirit Airlines saw a decrease in short interest in January. As of January 15th, there was short interest totaling 13,580,000 shares, a decrease of 14.4% from the December 31st total of 15,870,000 shares. Based on an average daily volume of 7,460,000 shares, the days-to-cover ratio is presently 1.8 days.
View Spirit Airlines' Short Interest.

When is Spirit Airlines' next earnings date?

Spirit Airlines is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
View our earnings forecast for Spirit Airlines.

How were Spirit Airlines' earnings last quarter?

Spirit Airlines, Inc. (NYSE:SAVE) issued its quarterly earnings results on Tuesday, February, 9th. The company reported ($1.61) EPS for the quarter, missing the Zacks' consensus estimate of ($1.44) by $0.17. The company earned $498.50 million during the quarter, compared to analyst estimates of $511.25 million. Spirit Airlines had a negative trailing twelve-month return on equity of 20.56% and a negative net margin of 8.34%. Spirit Airlines's revenue was down 48.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.24 EPS.
View Spirit Airlines' earnings history.

How has Spirit Airlines' stock been impacted by COVID-19 (Coronavirus)?

Spirit Airlines' stock was trading at $20.93 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SAVE stock has increased by 71.4% and is now trading at $35.87.
View which stocks have been most impacted by COVID-19.

What price target have analysts set for SAVE?

16 brokerages have issued twelve-month price targets for Spirit Airlines' stock. Their forecasts range from $10.00 to $44.00. On average, they anticipate Spirit Airlines' share price to reach $26.69 in the next year. This suggests that the stock has a possible downside of 25.6%.
View analysts' price targets for Spirit Airlines or view top-rated stocks among Wall Street analysts.

Who are Spirit Airlines' key executives?

Spirit Airlines' management team includes the following people:
  • Mr. Edward M. Christie III, Pres, CEO & Director (Age 50, Pay $1.47M)
  • Mr. Scott M. Haralson, Sr. VP & CFO (Age 48, Pay $546.42k)
  • Mr. John Bendoraitis, Exec. VP & COO (Age 57, Pay $753.77k)
  • Mr. Thomas C. Canfield, Sr. VP, Gen. Counsel & Company Sec. (Age 65, Pay $608.93k)
  • Mr. Matthew H. Klein, Exec. VP & Chief Commercial Officer (Age 47, Pay $615.42k)
  • Mr. Rocky B. Wiggins, Sr. VP & Chief Information Officer (Age 62)
  • DeAnne Gabel, Sr. Director of Investor Relations
  • Mr. Robert A. Schroeter, Sr. VP & Chief Marketing Officer (Age 43)
  • Ms. Martha Laurie Villa, Sr. VP & Chief HR Officer (Age 60)
  • Mr. Brian J. McMenamy, VP & Controller (Age 61)

What is Ted Christie's approval rating as Spirit Airlines' CEO?

78 employees have rated Spirit Airlines CEO Ted Christie on Glassdoor.com. Ted Christie has an approval rating of 93% among Spirit Airlines' employees. This puts Ted Christie in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Spirit Airlines' key competitors?

Some companies that are related to Spirit Airlines include American Airlines Group (AAL), Azul (AZUL), China Southern Airlines (ZNH), Alaska Air Group (ALK), China Eastern Airlines (CEA), Deutsche Lufthansa (DLAKY), Air Canada (ACDVF), JetBlue Airways (JBLU), easyJet (EJTTF), International Consolidated Airlines Group (ICAGY), Allegiant Travel (ALGT), Copa (CPA), Cathay Pacific Airways (CPCAY), Air France-KLM (AFLYY) and SkyWest (SKYW).
View all of SAVE's competitors.

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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (7.52%), U S Global Investors Inc. (4.71%), Dimensional Fund Advisors LP (4.38%), Northern Trust Corp (1.13%), Letko Brosseau & Associates Inc. (0.82%) and Charles Schwab Investment Management Inc. (0.80%). Company insiders that own Spirit Airlines stock include Brian J Mcmenamy, Christine P Richards, Edward M Christie III, H Mcintyre Gardner, Laurie Villa, Robert D Johnson, Rocky Wiggins and Thomas C Canfield.
View institutional ownership trends for Spirit Airlines.

Which institutional investors are selling Spirit Airlines stock?

SAVE stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Letko Brosseau & Associates Inc., Northern Trust Corp, Squarepoint Ops LLC, Dimensional Fund Advisors LP, Hsbc Holdings PLC, ExodusPoint Capital Management LP, and Voloridge Investment Management LLC. Company insiders that have sold Spirit Airlines company stock in the last year include H Mcintyre Gardner, and Robert D Johnson.
View insider buying and selling activity for Spirit Airlines or view top insider-selling stocks.

Which institutional investors are buying Spirit Airlines stock?

SAVE stock was acquired by a variety of institutional investors in the last quarter, including U S Global Investors Inc., BlackRock Inc., Renaissance Technologies LLC, SummerHaven Investment Management LLC, Panagora Asset Management Inc., Principal Financial Group Inc., Caption Management LLC, and Victory Capital Management Inc.. Company insiders that have bought Spirit Airlines stock in the last two years include Christine P Richards, Edward M Christie III, H Mcintyre Gardner, Rocky Wiggins, and Thomas C Canfield.
View insider buying and selling activity for Spirit Airlines or or view top insider-buying stocks.

How do I buy shares of Spirit Airlines?

Shares of SAVE 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 $35.87.

How much money does Spirit Airlines make?

Spirit Airlines has a market capitalization of $3.51 billion and generates $3.83 billion in revenue each year. The company earns $335.26 million in net income (profit) each year or $5.09 on an earnings per share basis.

How many employees does Spirit Airlines have?

Spirit Airlines employs 8,756 workers across the globe.

What is Spirit Airlines' official website?

The official website for Spirit Airlines is www.spirit.com.

Where are Spirit Airlines' headquarters?

Spirit Airlines is headquartered at 2800 EXECUTIVE WAY, MIRAMAR FL, 33025.

How can I contact Spirit Airlines?

Spirit Airlines' mailing address is 2800 EXECUTIVE WAY, MIRAMAR FL, 33025. The company can be reached via phone at 954 447 7920 or via email at [email protected]


This page was last updated on 2/26/2021 by MarketBeat.com Staff
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