Seaport Res Ptn Weighs in on Spirit Airlines, Inc.’s FY2026 Earnings (NYSE:SAVE)

Spirit Airlines, Inc. (NYSE:SAVE) – Equities research analysts at Seaport Res Ptn issued their FY2026 earnings per share (EPS) estimates for shares of Spirit Airlines in a research report issued on Monday, May 6th. Seaport Res Ptn analyst D. Mckenzie forecasts that the company will post earnings per share of $0.50 for the year. Seaport Res Ptn has a “Neutral” rating on the stock. The consensus estimate for Spirit Airlines’ current full-year earnings is ($2.79) per share.

SAVE has been the topic of several other research reports. Barclays started coverage on Spirit Airlines in a research report on Wednesday, March 27th. They set an “underweight” rating and a $4.00 price target on the stock. Citigroup lowered their price target on Spirit Airlines from $4.00 to $3.85 and set a “sell” rating on the stock in a research report on Wednesday, April 17th. Bank of America started coverage on Spirit Airlines in a research report on Wednesday, January 17th. They set an “underperform” rating and a $5.00 price target on the stock. Susquehanna lowered their price target on Spirit Airlines from $5.00 to $4.00 and set a “negative” rating on the stock in a research report on Tuesday, April 9th. Finally, TD Cowen reduced their target price on Spirit Airlines from $4.00 to $3.00 and set a “hold” rating for the company in a research note on Tuesday. Five research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $4.54.

Spirit Airlines Stock Down 1.2 %

Shares of Spirit Airlines stock opened at $3.31 on Wednesday. The business’s 50 day simple moving average is $4.54 and its 200 day simple moving average is $9.20. Spirit Airlines has a 52-week low of $3.18 and a 52-week high of $19.69. The firm has a market cap of $362.45 million, a PE ratio of -0.81 and a beta of 1.41. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.90 and a current ratio of 0.90.

Spirit Airlines (NYSE:SAVE) last announced its earnings results on Monday, May 6th. The company reported ($1.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.45) by ($0.01). Spirit Airlines had a negative net margin of 8.34% and a negative return on equity of 26.38%. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the business posted ($0.82) EPS. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year.

Institutional Trading of Spirit Airlines

Several institutional investors and hedge funds have recently modified their holdings of SAVE. Cambridge Investment Research Advisors Inc. raised its position in Spirit Airlines by 616.6% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 143,436 shares of the company’s stock valued at $2,367,000 after purchasing an additional 123,419 shares during the last quarter. Deuterium Capital Management LLC bought a new position in shares of Spirit Airlines during the third quarter worth about $330,000. Principal Financial Group Inc. raised its position in shares of Spirit Airlines by 39.4% during the third quarter. Principal Financial Group Inc. now owns 16,248 shares of the company’s stock worth $268,000 after acquiring an additional 4,591 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC raised its position in shares of Spirit Airlines by 112.7% during the third quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 672,186 shares of the company’s stock worth $11,091,000 after acquiring an additional 356,184 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of Spirit Airlines by 2.0% during the third quarter. Swiss National Bank now owns 60,000 shares of the company’s stock worth $990,000 after acquiring an additional 1,200 shares during the last quarter. 58.73% of the stock is currently owned by institutional investors.

Spirit Airlines Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, February 29th. Investors of record on Friday, February 23rd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, February 22nd.

Spirit Airlines Company Profile

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.