Seaport Res Ptn Weighs in on Spirit Airlines, Inc.’s FY2026 Earnings (NYSE:SAVE)

Spirit Airlines, Inc. (NYSE:SAVE) – Seaport Res Ptn issued their FY2026 earnings per share (EPS) estimates for shares of Spirit Airlines in a research note issued on Monday, May 6th. Seaport Res Ptn analyst D. Mckenzie anticipates that the company will post earnings of $0.50 per share for the year. Seaport Res Ptn has a “Neutral” rating on the stock. The consensus estimate for Spirit Airlines’ current full-year earnings is ($2.79) per share.

Spirit Airlines (NYSE:SAVE) last announced its quarterly earnings data on Monday, May 6th. The company reported ($1.46) earnings per share for the quarter, missing the consensus estimate of ($1.45) by ($0.01). The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. Spirit Airlines had a negative return on equity of 26.38% and a negative net margin of 8.34%. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.82) earnings per share.

Other equities analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft decreased their target price on Spirit Airlines from $4.00 to $3.00 and set a “hold” rating for the company in a research report on Tuesday. Evercore ISI decreased their target price on Spirit Airlines from $18.00 to $3.50 and set an “in-line” rating for the company in a research report on Thursday, April 4th. Citigroup decreased their price objective on Spirit Airlines from $4.00 to $3.85 and set a “sell” rating for the company in a research report on Wednesday, April 17th. Barclays assumed coverage on Spirit Airlines in a research report on Wednesday, March 27th. They issued an “underweight” rating and a $4.00 price objective for the company. Finally, Bank of America assumed coverage on Spirit Airlines in a research report on Wednesday, January 17th. They issued an “underperform” rating and a $5.00 price objective for the company. Five investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, Spirit Airlines has a consensus rating of “Reduce” and an average target price of $3.62.

Spirit Airlines Price Performance

Spirit Airlines stock opened at $3.41 on Wednesday. The firm has a market capitalization of $372.85 million, a P/E ratio of -0.82 and a beta of 1.41. Spirit Airlines has a 1 year low of $3.18 and a 1 year high of $19.69. The business has a 50-day moving average of $4.47 and a 200-day moving average of $9.11. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 2.69.

Institutional Investors Weigh In On Spirit Airlines

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC raised its stake in Spirit Airlines by 467.7% in the 4th quarter. International Assets Investment Management LLC now owns 1,970 shares of the company’s stock valued at $32,000 after acquiring an additional 1,623 shares during the period. First Horizon Advisors Inc. bought a new position in Spirit Airlines during the 4th quarter worth $33,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Spirit Airlines during the 3rd quarter worth $50,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Spirit Airlines by 862.8% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,466 shares of the company’s stock worth $57,000 after purchasing an additional 3,106 shares in the last quarter. Finally, TFO Wealth Partners LLC grew its holdings in shares of Spirit Airlines by 21,975.0% during the 4th quarter. TFO Wealth Partners LLC now owns 3,532 shares of the company’s stock worth $58,000 after purchasing an additional 3,516 shares in the last quarter. Institutional investors own 58.73% of the company’s stock.

Spirit Airlines Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 29th. Stockholders of record on Friday, February 23rd were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, February 22nd.

Spirit Airlines Company Profile

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.