NYSE:SAVE Spirit Airlines (SAVE) Stock Price, News & Analysis → Gold Set to EXPLODE! (From Gold Safe Exchange) (Ad) Free SAVE Stock Alerts $3.54 +0.08 (+2.32%) (As of 06/12/2024 ET) Add Compare Share Share Today's Range$3.50▼$3.6550-Day Range$3.31▼$4.9152-Week Range$3.18▼$19.69Volume5.22 million shsAverage Volume12.13 million shsMarket Capitalization$387.08 millionP/E RatioN/ADividend YieldN/APrice Target$3.57 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Spirit Airlines alerts: Email Address Spirit Airlines MarketRank™ Stock AnalysisAnalyst RatingReduce1.50 Rating ScoreUpside/Downside1.0% Upside$3.57 Price TargetShort InterestBearish26.23% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings GrowthGrowingFrom ($3.89) to ($2.34) Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.0.15 out of 5 starsTransportation Sector114th out of 114 stocksAir Transportation, Scheduled Industry18th out of 18 stocks 1.8 Analyst's Opinion Consensus RatingSpirit Airlines has received a consensus rating of Reduce. The company's average rating score is 1.50, and is based on no buy ratings, 4 hold ratings, and 4 sell ratings.Amount of Analyst CoverageSpirit Airlines has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Spirit Airlines' stock forecast and price target. Previous Next 1.0 Short Interest Percentage of Shares Shorted26.23% of the outstanding shares of Spirit Airlines have been sold short.Short Interest Ratio / Days to CoverSpirit Airlines has a short interest ratio ("days to cover") of 4.5.Change versus previous monthShort interest in Spirit Airlines has recently increased by 4.51%, indicating that investor sentiment is decreasing. 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 0.0 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 1 news article for Spirit Airlines this week, compared to 20 articles on an average week.Search InterestOnly 29 people have searched for SAVE on MarketBeat in the last 30 days. This is a decrease of -6% compared to the previous 30 days.MarketBeat FollowsOnly 13 people have added Spirit Airlines to their MarketBeat watchlist in the last 30 days. This is a decrease of -19% compared to the previous 30 days. Previous Next 0.8 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 0.72% of the stock of Spirit Airlines is held by insiders.Percentage Held by Institutions58.73% of the stock of Spirit Airlines is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Spirit Airlines' insider trading history. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Spirit Airlines are expected to grow in the coming year, from ($3.89) to ($2.34) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Spirit Airlines is -0.80, 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 -0.80, 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 0.34. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Spirit Airlines' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto 101 MediaMoonshot Coins for the Current Crypto RunAre you monitoring 13,217 cryptocurrencies everyday? If not, you could miss the ONE that can make you wealthy beyond your wildest dreams. Just take a look: Claim your free seat by clicking here now. About Spirit Airlines Stock (NYSE:SAVE)Spirit Airlines, Inc. provides airline services. The company also offers hotels and rental cars services. It serves 93 destinations in 15 countries in the United States, Latin America, and the Caribbean. As of December 31, 2023, the company operated a fleet of 205 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 incorporated in 1964 and is headquartered in Miramar, Florida.Read More SAVE Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SAVE Stock News HeadlinesJune 7, 2024 | cnbc.comSpirit Airlines isn't considering chapter 11, 'encouraged' by post-JetBlue plan, CEO saysJune 4, 2024 | prnewswire.comSpirit Airlines Elevates the Guest Experience with New Enhanced Benefits and Industry-Leading FlexibilityJune 4, 2024 | investorplace.comPruning for Profits: 3 Stocks to Sell Ahead of the Second HalfJune 3, 2024 | reuters.comSpirit Airlines names Brian McMenamy as interim CFOJune 3, 2024 | prnewswire.comSpirit Airlines Announces CFO TransitionJune 2, 2024 | fool.comIs Spirit Airlines Stock a Buy?June 1, 2024 | fool.com2 Stocks to Avoid in 2024May 30, 2024 | prnewswire.comSHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Spirit Airlines, Inc. - SAVEMay 29, 2024 | msn.comSouthwest, JetBlue And Spirit Airlines Shares Are Moving Lower Wednesday: What's Going On?May 28, 2024 | yahoo.comSpirit Airlines Passengers Told to Prepare for Water Landing as Plane Turns AroundMay 28, 2024 | cbsnews.com"Traumatized" passengers on Florida-bound Spirit Airlines flight with mechanical failure share their storiesMay 28, 2024 | yahoo.comPassengers "traumatized" after Florida-bound Spirit Airlines flight experiences mechanical failureMay 28, 2024 | msn.comLife vests deployed on Spirit Airlines flight that had to turn back to JamaicaMay 28, 2024 | msn.comSpirit Airlines passenger says cabin prepared for a possible water landing after flight suffered an apparent mechanical issueMay 28, 2024 | benzinga.com(SAVE) - Analyzing Spirit Airlines's Short InterestMay 28, 2024 | yahoo.comA scare aboard Spirit Airlines flightMay 28, 2024 | msn.comSpirit Airlines Passengers Get 'Nerve-Racking' Water-Landing Warning: Instructions Given Out Of 'Abundance Of Caution'May 27, 2024 | forbes.comSAS Business Class To Copenhagen Reflects The Danish Spirit Of HyggeMay 24, 2024 | finance.yahoo.comJetBlue and Spirit Have More Bad News to Face: a Very Active Hurricane SeasonMay 24, 2024 | prnewswire.comSpirit Airlines to Open New Crew Base for Pilots at Newark Liberty International AirportMay 24, 2024 | fool.comSpirit Airlines Eliminates Change and Cancel Fees for All TicketsMay 24, 2024 | bizjournals.comSpirit Airlines to apply for nonstop route out of DCAMay 24, 2024 | prnewswire.comSpirit Airlines Expands U.S. Military Benefits to Include Spouses and ChildrenMay 24, 2024 | finance.yahoo.comWhy Stocks Can Forget Depending on AI for the Rally, and 5 Other Things to Know Before the Market Opens.May 24, 2024 | bizjournals.comSpirit Airlines eliminates fees for changing or cancelling flightsSee 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 Company Calendar Last Earnings5/06/2024Today6/12/2024Next Earnings (Estimated)8/01/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorTransportation Industry Air transportation, scheduled Sub-IndustryN/A Current SymbolNYSE:SAVE CUSIPN/A CIK1498710 Webwww.spirit.com Phone(954) 447-7920Fax954-447-7979Employees13,167Year FoundedN/APrice Target and Rating Average Stock Price Target$3.57 High Stock Price Target$5.00 Low Stock Price Target$3.00 Potential Upside/Downside-1.1%Consensus RatingReduce Rating Score (0-4)1.50 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)($4.44) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-447,460,000.00 Net Margins-9.21% Pretax Margin-10.88% Return on Equity-34.64% Return on Assets-4.53% Debt Debt-to-Equity Ratio3.17 Current Ratio0.97 Quick Ratio0.97 Sales & Book Value Annual Sales$5.36 billion Price / Sales0.07 Cash FlowN/A Price / Cash FlowN/A Book Value$10.39 per share Price / Book0.35Miscellaneous Outstanding Shares109,500,000Free Float108,713,000Market Cap$395.30 million OptionableOptionable Beta1.40 Ten Starter Stocks For Beginners to Buy NowJust getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.Get This Free Report Key ExecutivesMr. Edward M. Christie III (Age 53)President, CEO & Director Comp: $1.85MMr. Scott M. Haralson (Age 51)Executive VP & CFO Comp: $841.27kMr. John Bendoraitis (Age 60)Executive VP & COO Comp: $964.05kMs. Melinda C. Grindle (Age 50)Senior VP & Chief Human Resources Officer Comp: $657.28kMr. Matthew H. Klein (Age 50)Executive VP & Chief Commercial Officer Comp: $879.3kMr. Rocky B. Wiggins (Age 65)Senior VP & Chief Information Officer Comp: $798.12kDeAnne GabelSenior Director of Investor RelationsMr. Thomas C. Canfield (Age 68)Senior VP, General Counsel & Company Secretary Comp: $701.45kMr. Brian J. McMenamy (Age 65)VP & Controller Simon GoreTreasurerMore ExecutivesKey CompetitorsFrontier GroupNASDAQ:ULCCAllegiant TravelNASDAQ:ALGTHawaiianNASDAQ:HAControladora Vuela Compañía de AviaciónNYSE:VLRSSun Country AirlinesNASDAQ:SNCYView All CompetitorsInstitutional OwnershipVirtu Financial LLCBought 102,478 shares on 5/20/2024Ownership: 0.094%Bluefin Capital Management LLCSold 269,100 shares on 5/20/2024Ownership: 0.000%Shaolin Capital Management LLCBought 2,500,000 shares on 5/17/2024Ownership: 0.000%Walleye Trading LLCBought 134,900 shares on 5/17/2024Ownership: 0.000%California State Teachers Retirement SystemSold 6,792 shares on 5/16/2024Ownership: 0.032%View All Institutional Transactions SAVE Stock Analysis - Frequently Asked Questions Should I buy or sell Spirit Airlines stock right now? 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Spirit Airlines in the last year. There are currently 4 sell ratings and 4 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" SAVE shares. View SAVE analyst ratings or view top-rated stocks. What is Spirit Airlines' stock price target for 2024? 8 analysts have issued 12-month price targets for Spirit Airlines' stock. Their SAVE share price targets range from $3.00 to $5.00. On average, they anticipate the company's share price to reach $3.57 in the next twelve months. This suggests a possible upside of 1.0% 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 2024? Spirit Airlines' stock was trading at $16.39 at the beginning of 2024. Since then, SAVE stock has decreased by 78.4% and is now trading at $3.5350. View the best growth stocks for 2024 here. When is Spirit Airlines' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024. View our SAVE earnings forecast. How were Spirit Airlines' earnings last quarter? Spirit Airlines, Inc. (NYSE:SAVE) released its quarterly earnings data on Monday, May, 6th. The company reported ($1.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.45) by $0.01. The business had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.27 billion. Spirit Airlines had a negative trailing twelve-month return on equity of 34.64% and a negative net margin of 9.21%. Spirit Airlines's quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the business earned ($0.82) earnings per share. How often does Spirit Airlines pay dividends? What is the dividend yield for Spirit Airlines? Spirit Airlines declared a dividend on Tuesday, February 13th. Investors of record on Friday, February 23rd will be given a dividend of $0.10 per share on Thursday, February 29th. The ex-dividend date of this dividend is Thursday, February 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) 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 issued an update on its second quarter 2024 earnings guidance on Tuesday, May, 7th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.5 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 variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.58%), Shaolin Capital Management LLC (0.00%), Murchinson Ltd. (0.00%), Walleye Trading LLC (0.00%), BNP Paribas Financial Markets (0.67%) and Whitebox Advisors LLC (0.00%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. 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