Should I buy or sell Spirit Airlines stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spirit Airlines in the last twelve months. There are currently 4 sell ratings and 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "strong sell" SAVE shares. View SAVE analyst ratings or view top-rated stocks .

What is Spirit Airlines' stock price target for 2024?

7 Wall Street analysts have issued 1-year price objectives for Spirit Airlines' stock. Their SAVE share price targets range from $3.50 to $10.00. On average, they anticipate the company's share price to reach $5.07 in the next twelve months. This suggests a possible upside of 14.0% 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 on January 1st, 2024. Since then, SAVE shares have decreased by 72.8% and is now trading at $4.45. 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 Monday, May 6th 2024. View our SAVE earnings forecast .

How were Spirit Airlines' earnings last quarter?

Spirit Airlines, Inc. (NYSE:SAVE) released its quarterly earnings data on Thursday, February, 8th. The company reported ($1.36) EPS for the quarter, beating analysts' consensus estimates of ($1.42) by $0.06. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.32 billion. Spirit Airlines had a negative net margin of 8.34% and a negative trailing twelve-month return on equity of 26.38%. The firm's revenue was down 5.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.12 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 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) , AltShares Merger Arbitrage ETF (ARB) 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 first quarter 2024 earnings guidance on Monday, April, 15th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 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 number of retail and institutional investors. Top institutional investors include Counterpoint Mutual Funds LLC (0.03%). 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 .

NYSE:SAVE

Spirit Airlines (SAVE) Stock Price, News & Analysis

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Free SAVE Stock Alerts

$4.45

+0.27 (+6.46%)

(As of 04/15/2024 ET)

Compare

Today's Range: $4.24
▼
$4.71
50-Day Range: $4.10
▼
$7.17
52-Week Range: $3.96
▼
$19.69

Volume: 7.04 million shs
Average Volume: 5.11 million shs
Market Capitalization: $487.19 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $5.07

Get Spirit Airlines alerts:

Spirit Airlines MarketRank™ Stock Analysis

Analyst Rating: Strong Sell
1.43 Rating Score
Upside/Downside: 14.0% Upside
$5.07 Price Target
Short Interest: Healthy
24.04% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.04
Based on 24 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($2.75) to ($1.52) Per Share

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.

1.35 out of 5 stars

Transportation Sector

92nd out of 111 stocks

Air Transportation, Scheduled Industry

13th out of 17 stocks

2.7

Analyst's Opinion

Consensus Rating
Spirit Airlines has received a consensus rating of Strong Sell. The company's average rating score is 1.43, and is based on no buy ratings, 3 hold ratings, and 4 sell ratings.
Amount of Analyst Coverage
Spirit Airlines has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
24.04% of the float of Spirit Airlines has been sold short.
Short Interest Ratio / Days to Cover
Spirit Airlines has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Spirit Airlines has recently decreased by 1.70%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Spirit Airlines does not currently pay a dividend.
Dividend Growth
Spirit Airlines does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SAVE.

1.7

News and Social Media Coverage

News Sentiment
Spirit Airlines has a news sentiment score of 0.04. 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 0.60 average news sentiment score of Transportation companies.
News Coverage This Week
MarketBeat has tracked 24 news articles for Spirit Airlines this week, compared to 19 articles on an average week.
Search Interest
Only 40 people have searched for SAVE on MarketBeat in the last 30 days. This is a decrease of -46% compared to the previous 30 days.
MarketBeat Follows
Only 25 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.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Spirit Airlines insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.55% of the stock of Spirit Airlines is held by insiders.
Percentage Held by Institutions
58.73% of the stock of Spirit Airlines is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Spirit Airlines are expected to grow in the coming year, from ($2.75) to ($1.52) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Spirit Airlines is -1.09, 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. Sector
The P/E ratio of Spirit Airlines is -1.09, 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 Ratio
Spirit Airlines has a P/B Ratio of 0.43. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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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.

SAVE Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SAVE Stock News Headlines

April 8, 2024 | marketbeat.com

Taiwan Semi, Spirit Airlines rise; Paramount Global, Occidental Petroleum fall, Monday, 4/8/2024

Stocks that traded heavily or had substantial price changes on Monday: Taiwan Semi, Spirit Airlines rise; Paramount Global, Occidental Petroleum fall

April 15, 2024 | fool.com

Why Spirit Airlines Stock Flew Higher at the Open Today

April 16, 2024 | InvestorPlace (Ad)

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April 15, 2024 | benzinga.com

What's Going On With Spirit Airlines Stock Today?

April 15, 2024 | msn.com

Spirit Airlines dips after issuing financial update

April 13, 2024 | americanbankingnews.com

Spirit Airlines, Inc. Expected to Earn Q2 2024 Earnings of ($0.15) Per Share (NYSE:SAVE)

April 12, 2024 | thestreet.com

Southwest is no longer a top three airline by market cap (here is who is)

April 12, 2024 | finance.yahoo.com

Airline Stock Roundup: DAL's Q1 Earnings Beat, SAVE Gives Fleet Updates

April 16, 2024 | InvestorPlace (Ad)

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April 10, 2024 | thestreet.com

An unexpected airline has started bringing in serious profits

April 10, 2024 | msn.com

Spirit Airlines to close down South Jersey Crew Base. What does this mean for passengers?

April 10, 2024 | fool.com

Spirit Airlines Stock Has 18% Downside, According to 1 Wall Street Analyst

April 10, 2024 | investorplace.com

Zombie Stock Apocalypse: 7 Walking Dead Companies to Avoid

April 10, 2024 | fool.com

Huge News for Spirit Airlines Stock

April 10, 2024 | americanbankingnews.com

Spirit Airlines (NYSE:SAVE) Price Target Cut to $4.00 by Analysts at Susquehanna

April 9, 2024 | msn.com

Spirit Airlines will close Atlantic City airport crew base in September, but flights will continue

April 9, 2024 | thestreet.com

Spirit Airlines to furlough over 200 pilots

April 9, 2024 | bizjournals.com

Spirit Airlines adds two Northeast nonstop routes to its Kansas City schedule

April 9, 2024 | finance.yahoo.com

Inflation and Rates Are a Problem, Why Jamie Dimon May Be Right This Time. And 5 Other Things to Know Before the Market Opens.

April 8, 2024 | msn.com

Spirit Airlines to defer aircraft deliveries, furlough pilots to boost cash

April 8, 2024 | investopedia.com

Spirit Airlines Delays Jet Deliveries, Furloughs Pilots to Bolster Finances

April 8, 2024 | cnn.com

Spirit Airlines furloughs 260 pilots to save money

April 8, 2024 | msn.com

Top Stock Movers Now: Tesla, Paramount Global, Spirit Airlines, and More

April 8, 2024 | msn.com

Cash-strapped Spirit Airlines to defer Airbus deliveries, furlough 260 pilots

April 8, 2024 | finanznachrichten.de

Spirit Airlines, Inc.: Spirit Airlines Announces Deferral of Airbus Aircraft Deliveries

April 8, 2024 | msn.com

Spirit Airlines is furloughing pilots and delaying Airbus plane deliveries as cash runs low

April 8, 2024 | nytimes.com

Spirit Airlines Will Delay Plane Purchases and Furlough Pilots

See More Headlines

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Company Calendar

Ex-Dividend for 1/31 Dividend: 1/24/2024
Dividend Payable: 1/31/2024
Last Earnings: 2/08/2024
Ex-Dividend for 2/29 Dividend: 2/22/2024
Dividend Payable: 2/29/2024
Today: 4/15/2024
Next Earnings (Confirmed): 5/06/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Transportation
Industry: Air transportation, scheduled
Sub-Industry: N/A
Current Symbol: NYSE:SAVE
CUSIP: N/A
CIK: 1498710
Web: www.spirit.com
Phone: (954) 447-7920
Fax: 954-447-7979
Employees: 13,167
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $5.07
High Stock Price Target: $10.00
Low Stock Price Target: $3.50
Potential Upside/Downside: +14.0%
Consensus Rating: Strong Sell
Rating Score (0-4): 1.43
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($4.09)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-447,460,000.00
Net Margins: -8.34%
Pretax Margin: -10.42%
Return on Equity: -26.38%
Return on Assets: -3.80%

Debt

Debt-to-Equity Ratio: 2.69
Current Ratio: 0.90
Quick Ratio: 0.90

Sales & Book Value

Annual Sales: $5.36 billion
Price / Sales: 0.09
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $10.39 per share
Price / Book: 0.43

Miscellaneous

Outstanding Shares: 109,480,000
Free Float: 108,876,000
Market Cap: $487.19 million
Optionable: Optionable
Beta: 1.35

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Key Executives

Mr. Edward M. Christie III (Age 53)
President, CEO & Director
Comp: $1.85M
Mr. Scott M. Haralson (Age 51)
Executive VP & CFO
Comp: $841.27k
Mr. John Bendoraitis (Age 60)
Executive VP & COO
Comp: $964.05k
Ms. Melinda C. Grindle (Age 50)
Senior VP & Chief Human Resources Officer
Comp: $657.28k
Mr. Matthew H. Klein (Age 50)
Executive VP & Chief Commercial Officer
Comp: $879.3k
Mr. Rocky B. Wiggins (Age 65)
Senior VP & Chief Information Officer
Comp: $798.12k
DeAnne Gabel
Senior Director of Investor Relations
Mr. Thomas C. Canfield (Age 68)
Senior VP, General Counsel & Company Secretary
Comp: $701.45k
Mr. Brian J. McMenamy (Age 65)
VP & Controller
Simon Gore
Treasurer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

SAVE Stock Analysis - Frequently Asked Questions

Should I buy or sell Spirit Airlines stock right now?: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spirit Airlines in the last twelve months. There are currently 4 sell ratings and 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "strong sell" SAVE shares.
View SAVE analyst ratings or view top-rated stocks.
What is Spirit Airlines' stock price target for 2024?: 7 Wall Street analysts have issued 1-year price objectives for Spirit Airlines' stock. Their SAVE share price targets range from $3.50 to $10.00. On average, they anticipate the company's share price to reach $5.07 in the next twelve months. This suggests a possible upside of 14.0% 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 on January 1st, 2024. Since then, SAVE shares have decreased by 72.8% and is now trading at $4.45.
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 Monday, May 6th 2024.
View our SAVE earnings forecast.
How were Spirit Airlines' earnings last quarter?: Spirit Airlines, Inc. (NYSE:SAVE) released its quarterly earnings data on Thursday, February, 8th. The company reported ($1.36) EPS for the quarter, beating analysts' consensus estimates of ($1.42) by $0.06. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.32 billion. Spirit Airlines had a negative net margin of 8.34% and a negative trailing twelve-month return on equity of 26.38%. The firm's revenue was down 5.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.12 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 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), AltShares Merger Arbitrage ETF (ARB) 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 first quarter 2024 earnings guidance on Monday, April, 15th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 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 number of retail and institutional investors. Top institutional investors include Counterpoint Mutual Funds LLC (0.03%).
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.

This page (NYSE:SAVE) was last updated on 4/16/2024 by MarketBeat.com Staff

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Spirit Airlines (SAVE) Stock Price, News & Analysis

Spirit Airlines MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Spirit Airlines Stock (NYSE:SAVE)

SAVE Stock Price History

SAVE Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

SAVE Stock Analysis - Frequently Asked Questions

Overall MarketRank^™