Spirit Airlines (NYSE:SAVE – Get Free Report) released its quarterly earnings data on Monday. The company reported ($1.46) EPS for the quarter, missing the consensus estimate of ($1.45) by ($0.01), Briefing.com reports. Spirit Airlines had a negative net margin of 8.34% and a negative return on equity of 26.38%. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the business earned ($0.82) EPS. Spirit Airlines’s revenue for the quarter was down 6.2% compared to the same quarter last year.
Spirit Airlines Stock Performance
NYSE:SAVE traded up $0.19 during trading hours on Thursday, hitting $3.59. 2,908,650 shares of the company were exchanged, compared to its average volume of 13,629,270. The stock has a market capitalization of $393.11 million, a price-to-earnings ratio of -0.88 and a beta of 1.41. Spirit Airlines has a 52-week low of $3.18 and a 52-week high of $19.69. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.90 and a quick ratio of 0.90. The company’s 50 day moving average price is $4.41 and its 200-day moving average price is $9.07.
Spirit Airlines Dividend Announcement
The business also recently announced a dividend, which was paid on Thursday, February 29th. Shareholders of record on Friday, February 23rd were given a dividend of $0.10 per share. The ex-dividend date was Thursday, February 22nd.
Analysts Set New Price Targets
Read Our Latest Analysis on Spirit Airlines
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.
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