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Spirit Airlines (SAVE)
NYSE:SAVE
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SAVE Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$2.38 - $17.49
Previous Close$2.5
Volume4.17M
Average Volume (3M)4.58M
Market Cap
$273.80M
Enterprise Value$6.95B
Total Cash (Recent Filing)$724.79M
Total Debt (Recent Filing)$7.41B
Price to Earnings (P/E)―
Beta0.66
Next Earnings
Oct 23, 2024EPS Estimate
-$2.34Last Dividend Ex-Date
Feb 22, 2024Dividend YieldN/A
Share Statistics
EPS (TTM)-6.19
Shares Outstanding109,518,296
10 Day Avg. Volume3,590,776
30 Day Avg. Volume4,577,968
Standard Deviation0.18
R-Squared0.16
Alpha-0.04
Financial Highlights & Ratios
Price to Book (P/B)0.35
Price to Sales (P/S)0.05
Price to Cash Flow (P/CF)-0.50
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.36
Enterprise Value/Gross Profit11.77
Enterprise Value/Ebitda-54.89
Forecast
1Y Price Target
$2.40Price Target Upside-6.25% Downside
Rating ConsensusStrong Sell
Number of Analyst Covering8
Spirit Airlines News
Bulls Say, Bears Say
Bulls Say
Business RightsizingThe company introduced phase two which includes rightsizing the business for its new growth profile and eliminating structural costs.
Liquidity EnhancementSpirit Airlines stated that Pratt & Whitney credits for aircraft on ground (AOG) should enhance liquidity by $150M to $200M.
Strategic ExecutionSpirit is executing on phase one of its 'go forward' strategy, including eliminating underperforming markets and refining capacity.
Bears Say
Debt ManagementThe airline faces significant debt maturities in 2025 and 2026, complicating creditor negotiations.
Financial PerformanceSpirit Airlines reported a 10% drop in revenue and a negative EBIT margin of 13.0%.
Revenue ChallengesForecasting Spirit's revenues has become challenging due to changes in product bundling and significant revenue declines.
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Ownership Overview
Currently, No data available
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
The estimated number of people who visited one or more of the websites owned by Spirit Airlines
Desktop Users
Mobile Users
SAVE FAQ
What was Spirit Airlines’s price range in the past 12 months?
Spirit Airlines lowest stock price was $2.38 and its highest was $17.49 in the past 12 months.
What is Spirit Airlines’s market cap?
Currently, no data Available
When is Spirit Airlines’s upcoming earnings report date?
Spirit Airlines’s upcoming earnings report date is Oct 23, 2024 which is in 34 days.
How were Spirit Airlines’s earnings last quarter?
Spirit Airlines released its earnings results on Aug 01, 2024. The company reported -$1.44 earnings per share for the quarter, missing the consensus estimate of -$1.358 by -$0.082.
Is Spirit Airlines overvalued?
According to Wall Street analysts Spirit Airlines’s price is currently Overvalued.
Does Spirit Airlines pay dividends?
Spirit Airlines pays a Monthly dividend of $0.1 which represents an annual dividend yield of N/A. See more information on Spirit Airlines dividends here
What is Spirit Airlines’s EPS estimate?
Spirit Airlines’s EPS estimate is -$2.34.
How many shares outstanding does Spirit Airlines have?
Spirit Airlines has 109,518,295 shares outstanding.
What happened to Spirit Airlines’s price movement after its last earnings report?
Spirit Airlines reported an EPS of -$1.44 in its last earnings report, missing expectations of -$1.358. Following the earnings report the stock price went down -8.306%.
Which hedge fund is a major shareholder of Spirit Airlines?
Among the largest hedge funds holding Spirit Airlines’s share is Par Capital Management Inc. It holds Spirit Airlines’s shares valued at 366K.
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Spirit Airlines Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Sell
Average Price Target:
$2.40 (-6.25% Downside)
$2.40 (-6.25% Downside)
Blogger Sentiment
Bullish
SAVE Sentiment 87%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 88.3K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.2%
Last 30 Days ▼ 2.4%
Last 30 Days ▼ 2.4%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-83.96%
12-Months-Change
Fundamentals
Return on Equity
-59.35%
Trailing 12-Months
Asset Growth
2.00%
Trailing 12-Months
Company Description
Spirit Airlines
Spirit Airlines, Inc. is an airline that offers travel to price-conscious customers. The company's customers start with an unbundled base fares that remove components included in the price of an airline ticket. The company was founded by Ned Homfeld in 1964 and is headquartered in Miramar, FL.
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SAVE Earnings Call
Q2 2024
0:00 / 0:00
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SAVE Revenue Breakdown
87.20% Domestic
12.80% Latin America and Caribbean
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SAVE Stock 12 Month Forecast
Average Price Target
$2.40
▼(-6.25% Downside)
Technical Analysis
Allegiant Travel Company
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JetBlue Airways
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Frontier Group Holdings
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Hawaiian Holdings
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Best Analysts Covering SAVE
1 Year
1 Year Success Rate
21/32 ratings generated profit
1 Year Average Return
+32.84%
reiterated a sell rating 2 months ago
Copying Stephen Trent's trades and holding each position for 1 Year would result in 65.63% of your transactions generating a profit, with an average return of +32.84% per trade.
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