Spirit Airlines (SAVE) Stock Forecast, Price & News

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.

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.

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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our SAVE earnings forecast.

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.

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.

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).

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.

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 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.

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 $16.45.

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.

The company employs 12,025 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.