NYSE:SAVE Spirit Airlines (SAVE) Stock Price, News & Analysis → The #1 Biotech Stock to Watch in 2024 is Attacking Viruses in a Unique Way (From Smallcaps Daily) (Ad) Free SAVE Stock Alerts $3.31 -0.04 (-1.19%) (As of 05/7/2024 ET) Add Compare Share Share Today's Range$3.30▼$3.5250-Day Range$3.34▼$6.4952-Week Range$3.18▼$19.69Volume9.10 million shsAverage Volume13.83 million shsMarket Capitalization$362.45 millionP/E RatioN/ADividend YieldN/APrice Target$4.76 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/Downside37.3% Upside$4.54 Price TargetShort InterestBearish25.44% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.06Based on 43 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($2.79) to ($1.45) 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.2.22 out of 5 starsTransportation Sector78th out of 113 stocksAir Transportation, Scheduled Industry13th out of 17 stocks 3.8 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 2.0 Short Interest Percentage of Shares Shorted25.44% 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 2.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Spirit Airlines has recently increased by 5.84%, indicating that investor sentiment is decreasing significantly. 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 0.06. 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 0.44 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 43 news articles for Spirit Airlines this week, compared to 19 articles on an average week.Search InterestOnly 33 people have searched for SAVE on MarketBeat in the last 30 days. This is a decrease of -45% compared to the previous 30 days.MarketBeat FollowsOnly 22 people have added Spirit Airlines to their MarketBeat watchlist in the last 30 days. This is a decrease of -8% 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.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 ($2.79) to ($1.45) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Spirit Airlines is -0.81, 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 -0.81, 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 0.32. 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 Colonial MetalsThe Gold Grab of the CenturyWhen central banks buy gold… The rich buy right along with them. And central banks are buying at breakneck pace. Last year… 1,037 tons. Just 45 tons less than the record set two years ago.That's why we have released our Free Precious Metals Investment Guide. 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 fallMay 7, 2024 | msn.comSpirit Airlines CEO calls airline industry a ‘rigged game,’ US consumers are ‘long-term losers’May 8, 2024 | Crypto 101 Media (Ad)Tech GIANT’s Plans to Revolutionize Crypto…A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024. May 7, 2024 | finance.yahoo.comSpirit Airlines Inc (SAVE) Q1 2024 Earnings: Challenges Persist Amid Strategic AdjustmentsMay 7, 2024 | washingtonpost.comSuncor Energy: Q1 Earnings SnapshotMay 7, 2024 | washingtonpost.comVeeco: Q1 Earnings SnapshotMay 7, 2024 | markets.businessinsider.comIn-Depth Examination Of 8 Analyst Recommendations For Spirit AirlinesMay 7, 2024 | msn.comSpirit Airlines CEO Calls the Airline Industry a 'Rigged Game'May 8, 2024 | Crypto 101 Media (Ad)Tech GIANT’s Plans to Revolutionize Crypto…A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024. May 7, 2024 | finance.yahoo.comSpirit Airlines, Inc. (NYSE:SAVE) Q1 2024 Earnings Call TranscriptMay 7, 2024 | markets.businessinsider.comAnalysts Offer Insights on Industrial Goods Companies: Spirit Airlines (SAVE), Air Lease (AL) and ZipRecruiter (ZIP)May 7, 2024 | finance.yahoo.comSpirit Airlines Inc (SAVE) (Q1 2024) Earnings Call Transcript Highlights: Navigating Challenges ...May 7, 2024 | finance.yahoo.comQ1 2024 Spirit Airlines Inc Earnings CallMay 6, 2024 | msn.comSpirit Airlines warns of more pain from grounded jets, excess capacityMay 6, 2024 | washingtonpost.comOtter Tail: Q1 Earnings SnapshotMay 6, 2024 | finance.yahoo.comStocks Extend Rally Ahead of Busy Earnings SlateMay 6, 2024 | msn.comSpirit's Latest Sale Has $42 Flights — but You'll Need to Book SoonMay 6, 2024 | msn.comSpirit Airlines’ stock slides nearly 10% after air carrier’s quarterly loss, weak guidanceMay 6, 2024 | msn.comSAVE Earnings: Spirit Airlines Crumbles After Weak Q1 NumbersMay 6, 2024 | finance.yahoo.comTop Midday Stories: Tyson Shares Tumble on Earnings Miss; Robinhood Receives Wells Notice From SEC Staff; Spirit Airlines to Furlough up to 260 Pilots; Shell in Talks to Sell Malaysian Gas Station Business to Saudi AramcoMay 6, 2024 | finance.yahoo.comUS STOCKS-Wall Street gains as investors renew hopes for Fed rate cutsMay 6, 2024 | investorplace.comSAVE Stock Earnings: Spirit Airlines Misses EPS, Misses Revenue for Q1 2024May 6, 2024 | proactiveinvestors.comSpirit Airlines faces turbulent 1Q, expects weak 2Q revenueMay 6, 2024 | fool.comWhy Spirit Airlines Stock Is Losing Altitude TodayMay 6, 2024 | benzinga.comWhy Is Spirit Airlines Stock Diving Today?May 6, 2024 | finance.yahoo.comS&P 500 Rises With More Earnings in FocusMay 6, 2024 | finance.yahoo.comSpirit Airlines stock sinks as CEO cites 'challenging' climateSee 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 2/29 Dividend2/22/2024Dividend Payable2/29/2024Last Earnings5/06/2024Today5/08/2024Next 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$4.54 High Stock Price Target$10.00 Low Stock Price Target$3.00 Potential Upside/Downside+43.9%Consensus RatingStrong Sell Rating Score (0-4)1.43 Research Coverage8 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 / Sales0.07 Cash FlowN/A Price / Cash FlowN/A Book Value$10.39 per share Price / Book0.32Miscellaneous Outstanding Shares109,500,000Free Float108,899,000Market Cap$362.45 million OptionableOptionable Beta1.41 Elon Musk's Next MoveWondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.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 CompetitorsHawaiianNASDAQ:HASun Country AirlinesNASDAQ:SNCYAllegiant TravelNASDAQ:ALGTFrontier GroupNASDAQ:ULCCP.A.M. Transportation ServicesNASDAQ:PTSIView All CompetitorsInstitutional OwnershipSusquehanna Portfolio Strategies LLCSold 22,888 shares on 5/7/2024Ownership: 0.243%Susquehanna Fundamental Investments LLCBought 72,638 shares on 5/7/2024Ownership: 0.066%SG Americas Securities LLCSold 786,094 shares on 5/7/2024Ownership: 0.035%Quantbot Technologies LPBought 17,350 shares on 5/6/2024Ownership: 0.068%High Note Wealth LLCBought 15,028 shares on 5/2/2024Ownership: 0.014%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 brokers have issued 12 month price objectives for Spirit Airlines' shares. Their SAVE share price targets range from $3.00 to $10.00. On average, they expect the company's share price to reach $4.54 in the next twelve months. This suggests a possible upside of 37.3% 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 79.8% and is now trading at $3.31. 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) issued 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 company earned $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. Spirit Airlines had a negative trailing twelve-month return on equity of 26.38% and a negative net margin of 8.34%. The firm's revenue was down 6.2% compared to the same quarter last year. During the same quarter last year, the firm 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 paid 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) 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 many different retail and institutional investors. Top institutional shareholders include BNP Paribas Financial Markets (0.67%), Susquehanna Portfolio Strategies LLC (0.24%), Quantbot Technologies LP (0.07%), Susquehanna Fundamental Investments LLC (0.07%), SG Americas Securities LLC (0.04%) and Capital Performance Advisors LLP (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 5/8/2024 by MarketBeat.com Staff From Our PartnersShocking: One AI startup's revenue could surge 4,735%Manward PressThe Department of Defense Has a New Drone ContractorThe Tomorrow InvestorAI “wealth window” is closing June 25thParadigm Press[URGENT] DO NOT Touch These AI Stocks!Weiss RatingsStock-Picking AI Predicts #1 Stock of 2024AltimetryElon Musk Secret Crypto Plot ExposedCrypto 101 MediaThe #1 lithium battery stock to have on your radar in 2024!Smallcaps DailyThe AI Stock that’s Disrupting Every IndustryStockEarnings 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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