Spirit Airlines, Inc. SAVE
1.08 0.00 (+0.00%)
At closeNov 15, 2024, 4:00 PM EST
1.08 Day range 1.08
52-week range unavailable
- Market cap
- 118.28M
- Revenue (ttm)
- 5.13B
- Profit margin
- -13.20%
- Shares out
- 109.52M
- Forward P/E
- -0.25
- Previous close
- 1.08
- Day's range
- 1.08 – 1.08
- Beta
- 1.37
- Analysts
- Underperform
- Price target
- 1.50 (+38.9%)
- Earnings date
- Nov 21, 2024
2Y -19.3725 (-96.57%)
Key statistics
- Enterprise value
- 6.68B
- PEG ratio
- 0.00
- Price / sales
- 0.02
- Price / book
- 0.15
- Dividend yield
- 0.00%
- Payout ratio
- 0.00%
- Revenue growth
- -10.60%
- Free cash flow
- -472.66M
- Total cash
- 840.08M
- Total debt
- 7.41B
- Return on equity
- -59.35%
- Short % of float
- 34.49%
- 50-day average
- 2.01
- 200-day average
- 3.31
Analyst view
Consensus: underperform
Underperform
Price target (mean) 1.50 +38.9% upside
Now 1.08
- Target (low)
- 0.50
- Target (mean)
- 1.50
- Target (high)
- 2.00
Ratings (0m) 7 0 buy · 1 hold · 6 sell
- Strong buy0
- Buy0
- Hold1
- Sell3
- Strong sell3
Next earnings
Nov 21, 2024
Expected Nov 21, 2024. Consensus EPS estimate -2.26.
Financials — quick view
SAVE Revenue — quarterly 1.28B
SAVE Net income — quarterly -192.93M
SAVE EPS — quarterly -1.76
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Nov 21, 2024 | Sep 1, 2024 | -2.34 | — | — | — |
| Aug 1, 2024 | Jun 1, 2024 | -1.30 | — | — | — |
| May 6, 2024 | Mar 1, 2024 | -1.43 | — | — | — |
| Feb 8, 2024 | Dec 1, 2023 | -1.41 | — | — | — |
| Oct 26, 2023 | Sep 1, 2023 | -1.47 | — | — | — |
| Aug 3, 2023 | Jun 1, 2023 | 0.38 | — | — | — |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Nov 14, 2024 | Barclays | main | Underweight | Underweight |
| Nov 13, 2024 | TD Cowen | main | Sell | Sell |
| Oct 9, 2024 | Susquehanna | main | Negative | Negative |
| Aug 16, 2024 | Susquehanna | main | Negative | Negative |
| Jul 23, 2024 | Citigroup | main | Sell | Sell |
| Jul 17, 2024 | TD Cowen | down | Hold | Sell |
About Spirit Airlines, Inc.
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.
- Sector
- Industrials
- Industry
- Airlines
- Country
- United States
- Website
- spirit.com
News
US airlines favor higher fares over fuller planes as fuel costs squeeze profits 
US targets $2.2 billion in rebates to airlines that retrofit planes over wireless interference 
Fuel swings turn US airline earnings forecasts into moving targets 
US airlines' spent over $6 billion on monthly fuel in May amid Iran war — up 84% from year ago 
Fuel price shock to widen product gap between US airlines 
US airlines fuel costs soared in April to $6.5 billion 
Global airlines slash 2026 profit forecast on fuel shock from Iran war 
Global airline chiefs to confront Iran war fuel shock at industry summit 
Rival Airlines Are Carving Up Spirit's Routes and Airport Slots 
I lost my flight attendant job when Spirit shut down. I've had to manage my emotions and am hopeful I'll find new work soon.
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Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| BENDORAITIS JOHN A | Chief Operating Officer | Stock Award(Grant) | Mar 3, 2024 | 99,981 |
| CANFIELD THOMAS C | General Counsel | Stock Award(Grant) | Mar 3, 2024 | 89,817 |
| CHRISTIE EDWARD M III | Chief Executive Officer | Stock Award(Grant) | Mar 3, 2024 | 289,472 |
| CROMER FREDERICK S | Chief Financial Officer | Stock Award(Grant) | Aug 13, 2024 | 188,679 |
| HARALSON SCOTT M | Chief Financial Officer | Stock Award(Grant) | Mar 3, 2024 | 82,500 |
| KLEIN MATTHEW HILARY | Officer | Stock Award(Grant) | Mar 3, 2024 | 90,731 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| U.S. Global Investors, Inc. | 10.96% | 12,006,873 | 12.97M | Sep 29, 2024 |
| Blackrock Inc. | 7.43% | 8,137,627 | 8.79M | Sep 29, 2024 |
| Vanguard Group Inc | 5.60% | 6,134,851 | 6.63M | Sep 29, 2024 |
| Geode Capital Management, LLC | 2.27% | 2,490,970 | 2.69M | Sep 29, 2024 |
| State Street Corporation | 2.13% | 2,335,722 | 2.52M | Sep 29, 2024 |
| Goldman Sachs Group Inc | 1.12% | 1,231,168 | 1.33M | Sep 29, 2024 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| ETF Series Solutions-U.S. Global Jets ETF | 9.11% | 9,979,504 | 10.78M | Jun 29, 2024 |
| Vanguard Total Stock Market Index Fund | 3.00% | 3,290,999 | 3.55M | Jun 29, 2024 |
| iShares Russell 2000 ETF | 2.61% | 2,861,630 | 3.09M | Sep 29, 2024 |
| Vanguard Extended Market Index Fund | 1.55% | 1,696,134 | 1.83M | Jun 29, 2024 |
| Vanguard Small-Cap Index Fund | 1.26% | 1,379,943 | 1.49M | Jun 29, 2024 |
| iShares Russell 2000 Value ETF | 0.95% | 1,035,143 | 1.12M | Sep 29, 2024 |