NYSE:SAVE Spirit Airlines (SAVE) Stock Price, News & Analysis → Biden’s $374B Giveaway Into This Sector (From DTI) (Ad) Free SAVE Stock Alerts $4.04 -0.07 (-1.70%) (As of 04/18/2024 ET) Add Compare Share Share Today's Range$4.01▼$4.2550-Day Range$4.04▼$6.7252-Week Range$3.96▼$19.69Volume4.49 million shsAverage Volume15.01 million shsMarket Capitalization$442.30 millionP/E RatioN/ADividend YieldN/APrice Target$4.91 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Spirit Airlines alerts: Email Address Spirit Airlines MarketRank™ Stock AnalysisAnalyst RatingStrong Sell1.43 Rating ScoreUpside/Downside21.5% Upside$4.91 Price TargetShort InterestHealthy24.04% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.10Based on 26 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($2.75) to ($1.44) 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.1.32 out of 5 starsTransportation Sector88th out of 106 stocksAir Transportation, Scheduled Industry15th out of 17 stocks 2.7 Analyst's Opinion Consensus RatingSpirit 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 CoverageSpirit Airlines has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted24.04% 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 1.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Spirit Airlines has recently decreased by 1.70%, indicating that investor sentiment is improving. 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 1.7 News and Social Media Coverage News SentimentSpirit Airlines has a news sentiment score of 0.10. 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 0.51 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 26 news articles for Spirit Airlines this week, compared to 19 articles on an average week.Search InterestOnly 42 people have searched for SAVE on MarketBeat in the last 30 days. This is a decrease of -42% compared to the previous 30 days.MarketBeat FollowsOnly 28 people have added Spirit Airlines to their MarketBeat watchlist in the last 30 days. This is a decrease of -7% 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 0.55% 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. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Spirit Airlines are expected to grow in the coming year, from ($2.75) to ($1.44) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Spirit Airlines is -0.99, 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 -0.99, 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 0.39. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad DTIBiden’s $374B Giveaway Into This SectorBiden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right hereClick here for the full story 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 HeadlinesApril 8, 2024 | marketbeat.comTaiwan Semi, Spirit Airlines rise; Paramount Global, Occidental Petroleum fall, Monday, 4/8/2024Stocks that traded heavily or had substantial price changes on Monday: Taiwan Semi, Spirit Airlines rise; Paramount Global, Occidental Petroleum fallApril 18, 2024 | finance.yahoo.comSpirit Airlines Unveils New Spirit Central Campus in Dania Beach, FloridaApril 18, 2024 | DTI (Ad)Biden’s $374B Giveaway Into This SectorBiden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right hereApril 18, 2024 | fool.comIs Spirit Airlines Stock a Buy?April 18, 2024 | americanbankingnews.comSeaport Res Ptn Comments on Spirit Airlines, Inc.'s Q2 2024 Earnings (NYSE:SAVE)April 17, 2024 | msn.comReclining Seats on Planes May Soon Be No More — Here’s Why Airlines Are Getting Rid of ThemApril 17, 2024 | americanbankingnews.comSpirit Airlines (NYSE:SAVE) Price Target Lowered to $4.00 at TD CowenApril 17, 2024 | markets.businessinsider.comSell Rating on Spirit Airlines Amid Financial Uncertainty and Recovery ConcernsApril 18, 2024 | DTI (Ad)Biden’s $374B Giveaway Into This SectorBiden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right hereApril 17, 2024 | msn.comSpirit Airlines employee caught on video cursing out passenger during altercationApril 16, 2024 | markets.businessinsider.comUnveiling 6 Analyst Insights On Spirit AirlinesApril 16, 2024 | investorplace.com5 Stocks to Sell ImmediatelyApril 15, 2024 | fool.comWhy Spirit Airlines Stock Flew Higher at the Open TodayApril 15, 2024 | benzinga.comWhat's Going On With Spirit Airlines Stock Today?April 15, 2024 | msn.comSpirit Airlines dips after issuing financial updateApril 13, 2024 | americanbankingnews.comSpirit Airlines, Inc. Expected to Earn Q2 2024 Earnings of ($0.15) Per Share (NYSE:SAVE)April 12, 2024 | thestreet.comSouthwest is no longer a top three airline by market cap (here is who is)April 12, 2024 | finance.yahoo.comAirline Stock Roundup: DAL's Q1 Earnings Beat, SAVE Gives Fleet UpdatesApril 10, 2024 | thestreet.comAn unexpected airline has started bringing in serious profitsApril 10, 2024 | msn.comSpirit Airlines to close down South Jersey Crew Base. What does this mean for passengers?April 10, 2024 | fool.comSpirit Airlines Stock Has 18% Downside, According to 1 Wall Street AnalystApril 10, 2024 | investorplace.comZombie Stock Apocalypse: 7 Walking Dead Companies to AvoidApril 10, 2024 | fool.comHuge News for Spirit Airlines StockApril 10, 2024 | americanbankingnews.comSpirit Airlines (NYSE:SAVE) Price Target Cut to $4.00 by Analysts at SusquehannaApril 9, 2024 | msn.comSpirit Airlines will close Atlantic City airport crew base in September, but flights will continueApril 9, 2024 | thestreet.comSpirit Airlines to furlough over 200 pilotsApril 9, 2024 | bizjournals.comSpirit Airlines adds two Northeast nonstop routes to its Kansas City scheduleSee 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 Ex-Dividend for 1/31 Dividend1/24/2024Dividend Payable1/31/2024Last Earnings2/08/2024Ex-Dividend for 2/29 Dividend2/22/2024Dividend Payable2/29/2024Today4/18/2024Next Earnings (Confirmed)5/06/2024Fiscal 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$4.91 High Stock Price Target$10.00 Low Stock Price Target$3.50 Potential Upside/Downside+19.1%Consensus RatingStrong Sell Rating Score (0-4)1.43 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)($4.09) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-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 Ratio2.69 Current Ratio0.90 Quick Ratio0.90 Sales & Book Value Annual Sales$5.36 billion Price / Sales0.08 Cash FlowN/A Price / Cash FlowN/A Book Value$10.39 per share Price / Book0.40Miscellaneous Outstanding Shares109,480,000Free Float108,876,000Market Cap$451.06 million OptionableOptionable Beta1.35 7 Stocks to Own Before the 2024 ElectionLooking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.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 CompetitorsControladora Vuela Compañía de AviaciónNYSE:VLRSHawaiianNASDAQ:HASun Country AirlinesNASDAQ:SNCYAllegiant TravelNASDAQ:ALGTFrontier GroupNASDAQ:ULCCView All CompetitorsInstitutional OwnershipFirst Bank & TrustBought 14,544 shares on 4/17/2024Ownership: 0.013%Counterpoint Mutual Funds LLCBought 29,379 shares on 4/15/2024Ownership: 0.027%Nomura Holdings Inc.Bought 1,817,100 shares on 3/27/2024Ownership: 0.000%HBK Investments L PBought 1,832,500 shares on 3/14/2024Ownership: 0.000%Vanguard Group Inc.Bought 68,710 shares on 3/11/2024Ownership: 9.517%View All Institutional Transactions SAVE Stock Analysis - Frequently Asked Questions Should I buy or sell Spirit Airlines stock right now? 7 Wall Street equities 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 equities 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 targets for Spirit Airlines' stock. Their SAVE share price targets range from $3.50 to $10.00. On average, they expect the company's stock price to reach $4.91 in the next year. This suggests a possible upside of 21.5% 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 start of the year. Since then, SAVE shares have decreased by 75.4% and is now trading at $4.04. 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) announced its quarterly earnings results on Thursday, February, 8th. The company reported ($1.36) EPS for the quarter, beating the consensus estimate of ($1.42) by $0.06. The firm earned $1.32 billion during the quarter, compared to analysts' expectations 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 company's quarterly revenue was down 5.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.12 EPS. How often does Spirit Airlines pay dividends? What is the dividend yield for Spirit Airlines? Spirit Airlines announced 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 first quarter 2024 earnings guidance on Monday, April, 15th. 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 $1.3 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 many different retail and institutional investors. Top institutional shareholders include Counterpoint Mutual Funds LLC (0.03%) and First Bank & Trust (0.01%). 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 4/18/2024 by MarketBeat.com Staff From Our PartnersThe “Perfect Storm” for GoldGold Safe ExchangeBiden’s $374B Giveaway Into This SectorDTIYour Money is Not SafeAmerican AlternativeTop 5 AI Stocks to Buy for 2024Market Moving TrendsHow Biden has already won 2024Porter & CompanyTop 5 Tech Stocks to Buy for 2024Daily Market AlertsMan Who Predicted 2008: “This Will be Worse.”AltimetryFed launches fourth dollar overhaulStansberry Research 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. 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