NYSE:SAVE Spirit Airlines (SAVE) Stock Price, News & Analysis → Trump’s “Tax Free” Retirement Strategy (From Gold Safe Exchange) (Ad) Free SAVE Stock Alerts $3.80 -0.04 (-1.04%) (As of 05/10/2024 ET) Add Compare Share Share Today's Range$3.78▼$4.0550-Day Range$3.31▼$6.4752-Week Range$3.18▼$19.69Volume6.79 million shsAverage Volume7.10 million shsMarket Capitalization$416.10 millionP/E RatioN/ADividend YieldN/APrice Target$3.62 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 RatingReduce1.50 Rating ScoreUpside/Downside4.7% Downside$3.62 Price TargetShort InterestBearish26.90% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment-0.04Based on 56 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.0.36 out of 5 starsTransportation Sector112th out of 119 stocksAir Transportation, Scheduled Industry16th out of 17 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 Shorted26.90% 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 4.1.Change versus previous monthShort interest in Spirit Airlines has recently increased by 5.73%, 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 1.1 News and Social Media Coverage News SentimentSpirit 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 0.47 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 56 news articles for Spirit Airlines this week, compared to 19 articles on an average week.Search InterestOnly 31 people have searched for SAVE on MarketBeat in the last 30 days. This is a decrease of -34% compared to the previous 30 days.MarketBeat FollowsOnly 20 people have added Spirit Airlines to their MarketBeat watchlist in the last 30 days. This is a decrease of -5% 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 -0.86, 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 -0.86, 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 0.37. 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 Gold Safe ExchangeGold Set to EXPLODE!Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.Click here now to download the free Precious Metals Buying 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 HeadlinesMay 11, 2024 | americanbankingnews.comSpirit Airlines (NYSE:SAVE) PT Lowered to $3.00 at SusquehannaMay 9, 2024 | thestreet.comJetBlue just cut flights to several cities people want to get toMay 11, 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 9, 2024 | markets.businessinsider.comSpirit Down on Wider-Than-Expected Q1 Loss & Bleak ViewMay 9, 2024 | americanbankingnews.comQ2 2024 Earnings Estimate for Spirit Airlines, Inc. (NYSE:SAVE) Issued By Seaport Res PtnMay 9, 2024 | americanbankingnews.comSpirit Airlines (NYSE:SAVE) PT Lowered to $3.00May 9, 2024 | americanbankingnews.comTD Cowen Lowers Spirit Airlines (NYSE:SAVE) Price Target to $3.00May 9, 2024 | americanbankingnews.comSeaport Res Ptn Weighs in on Spirit Airlines, Inc.'s FY2026 Earnings (NYSE:SAVE)May 11, 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 8, 2024 | msn.comSpirit Airlines CEO Says Odds Are Stacked Against Smaller Non-Legacy CarriersMay 8, 2024 | stockhouse.comSHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Spirit Airlines, Inc. - SAVEMay 8, 2024 | fool.com1 Wall Street Analyst Cuts Spirit Airlines' Price Target by 25%. Here's Why He's Right.May 8, 2024 | msn.comSpirit Aero Systems future unknown as Q1 results reveal lossesMay 7, 2024 | msn.comSpirit Airlines CEO calls airline industry a ‘rigged game,’ US consumers are ‘long-term losers’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 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 SoonSee 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 Earnings5/06/2024Today5/11/2024Next 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$3.62 High Stock Price Target$5.00 Low Stock Price Target$3.00 Potential Upside/Downside-4.7%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-10.42% Return on Equity-32.62% Return on Assets-4.54% 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 / Book0.37Miscellaneous Outstanding Shares109,500,000Free Float108,899,000Market Cap$416.10 million OptionableOptionable Beta1.41 Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.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:SNCYControladora Vuela Compañía de AviaciónNYSE:VLRSAllegiant TravelNASDAQ:ALGTFrontier GroupNASDAQ:ULCCView All CompetitorsInstitutional OwnershipEdgestream Partners L.P.Bought 7,306 shares on 5/11/2024Ownership: 0.047%Patten & Patten Inc. TNBought 50,501 shares on 5/11/2024Ownership: 0.046%Vanguard Group Inc.Bought 73,044 shares on 5/10/2024Ownership: 9.582%Jade Capital Advisors LLCSold 50,000 shares on 5/10/2024Ownership: 0.000%State Board of Administration of Florida Retirement SystemBought 3,020 shares on 5/9/2024Ownership: 0.031%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 twelve months. 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 brokerages have issued 12-month target prices for Spirit Airlines' stock. Their SAVE share price targets range from $3.00 to $5.00. On average, they expect the company's stock price to reach $3.62 in the next twelve months. This suggests that the stock has a possible downside of 4.7%. 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 76.8% and is now trading at $3.80. 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) posted its earnings results 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 firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. Spirit Airlines had a negative net margin of 9.21% and a negative trailing twelve-month return on equity of 32.62%. The firm's revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the prior year, the business posted ($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. Shareholders 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 updated its second quarter 2024 earnings guidance on Tuesday, May, 7th. 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 $1.5 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%), BNP Paribas Financial Markets (0.67%), Susquehanna Portfolio Strategies LLC (0.24%), Quantbot Technologies LP (0.07%), Susquehanna Fundamental Investments LLC (0.07%) and Edgestream Partners L.P. (0.05%). 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 5/11/2024 by MarketBeat.com Staff From Our PartnersThe Crypto 9-5 Escape PlanCrypto 101 MediaDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsGlobal crypto currency reset (41 major banks signed up)Stansberry ResearchForget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THISParadigm PressHow Biden has already won 2024Porter & CompanyRSVP: Charles Payne’s Cash Flow WorkshopUnstoppable ProsperityThe “Next Bitcoin”? 10 CENT Crypto Set to ExplodeTrue Market InsidersThe ONE AI Stock to own now. (It’s not Nvidia.)Weiss Ratings 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. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.