Spirit Airlines (SAVE) Scheduled to Post Earnings on Wednesday

Spirit Airlines (NYSE:SAVEGet Free Report) will issue its quarterly earnings data after the market closes on Wednesday, February 7th. Analysts expect the company to announce earnings of ($1.52) per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Spirit Airlines Price Performance

Shares of Spirit Airlines stock opened at $6.25 on Tuesday. Spirit Airlines has a 12 month low of $4.04 and a 12 month high of $20.11. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market capitalization of $682.31 million, a P/E ratio of -1.28 and a beta of 1.37. The business has a 50 day simple moving average of $12.87 and a two-hundred day simple moving average of $14.40.

Spirit Airlines Announces Dividend

The company also recently declared a dividend, which was paid on Wednesday, January 31st. Stockholders of record on Thursday, January 25th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, January 24th.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SAVE. Susquehanna reissued a “negative” rating and set a $5.00 price target (down previously from $15.00) on shares of Spirit Airlines in a report on Wednesday, January 17th. Seaport Res Ptn cut shares of Spirit Airlines from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 17th. Bank of America assumed coverage on Spirit Airlines in a research note on Wednesday, January 17th. They issued an “underperform” rating and a $5.00 price target for the company. TD Cowen cut their target price on shares of Spirit Airlines from $11.00 to $5.00 and set a “market perform” rating on the stock in a report on Monday, January 22nd. Finally, Citigroup cut Spirit Airlines from a “neutral” rating to a “sell” rating and cut their price target for the company from $13.00 to $4.00 in a report on Thursday, January 18th. Four equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $8.17.

Get Our Latest Stock Analysis on Spirit Airlines

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC boosted its stake in shares of Spirit Airlines by 467.7% during the 4th quarter. International Assets Investment Management LLC now owns 1,970 shares of the company’s stock valued at $32,000 after buying an additional 1,623 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Spirit Airlines by 272.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,119 shares of the company’s stock worth $41,000 after purchasing an additional 1,550 shares during the period. Rockefeller Capital Management L.P. bought a new stake in Spirit Airlines in the second quarter valued at about $74,000. Quarry LP bought a new stake in Spirit Airlines in the first quarter valued at about $86,000. Finally, Money Concepts Capital Corp boosted its position in Spirit Airlines by 55,625.0% in the fourth quarter. Money Concepts Capital Corp now owns 4,458 shares of the company’s stock valued at $87,000 after buying an additional 4,450 shares in the last quarter. Institutional investors and hedge funds own 65.22% of the company’s stock.

Spirit Airlines Company Profile

(Get Free Report)

Spirit Airlines, Inc provides airline services. The company provides front seats, including wider seats with extra legroom, carry-on and checked baggage, assigned seats, travel insurance, and onboard beverages and snacks, as well as hotels, cars, vacation packages, and cruises services. It serves 92 destinations in 16 countries in the United States, Latin America, and the Caribbean.

Featured Articles

Earnings History for Spirit Airlines (NYSE:SAVE)

Receive News & Ratings for Spirit Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirit Airlines and related companies with MarketBeat.com's FREE daily email newsletter.