|Bid||38.60 x 900|
|Ask||38.60 x 800|
|Day's Range||37.40 - 38.44|
|52 Week Range||37.11 - 65.35|
|Beta (3Y Monthly)||0.63|
|PE Ratio (TTM)||7.31|
|Earnings Date||Oct 22, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||56.07|
Budget airline Spirit Airlines last week bought more airline technology from Sabre, signaling that the tech vendor's sales team is abandoning its defensive mode. Texas-based Sabre is now seeking an increased wallet share of existing customers. The trend is a turnabout. For years, carriers complained about Sabre's tech. The tools aim to help airlines with […]The post Sabre's Deal With Spirit Underscores Its Airline Tech Rebound appeared first on Skift.
Trade war fears have pushed Spirit Airlines stock down to a new 52-week low, but this has only made the stock an even more compelling bargain for patient investors.
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll show how you can use...
SOUTHLAKE, Texas, Aug. 5, 2019 /PRNewswire/ -- Sabre Corporation (SABR), the leading technology provider at the center of the business of travel, announced an agreement to expand its digital operations technology alliance with Spirit Airlines (SAVE), the leading value carrier in the United States, the Caribbean and Latin America. This alliance will make the airline one of the first carriers to utilize the breadth of the innovative, next-generation Sabre Operations Platform, the industry's only end-to-end operations solution. Spirit, a current user of several of Sabre's operations solutions, will soon implement Sabre AirCentre Movement Manager, Crew Manager and Recovery Manager, rounding out the core components of the Sabre Operations Platform.
[Editor's note: This story was previously published in April 2019. It has since been updated and republished.]If you've been worrying about whether the boom already is over or when it will end, it might be time to start looking for some recession-proof stocks to buy to get you through the lean times. Even if you don't believe those times are not here yet, they very well soon could be.Consider this: The March 2009 low of the S&P 500 occurred more than ten years ago. Since 1945, the average economic expansion has lasted just under five years. This factor in itself should indicate the economy is currently in the late stages of the current economic expansion.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 A-Rated Stocks Under $10 For this reason, investors should have a plan in place to invest in defensive stocks. While such a shift will likely bring the S&P 500 down, some investors become wealthier in such conditions.Contrary to popular belief, some stocks move higher during economic downturns as changing consumer habits create opportunity. These seven companies should prosper in such times. Source: Shutterstock Costco Wholesale (COST)Costco (NASDAQ:COST) offers much to consumers during hard economic times. With the need to save money, people will dine in more. They will often buy in bulk and will still prefer high-quality goods. All of these factors work in Costco's favor.Moreover, while other retailers have struggled, Costco's growth continues. Same-store sales increased by 5.5% during the fiscal third quarter of 2019. However, this number matters little to the bottom line. Due to its pricing, nearly all of Costco's profit comes from its memberships. Membership renewal rates have held at around 90% despite 2018's membership price increase.Further, with new locations opening and expansion into China underway, membership increases will continue.In 2017, the sentiment that Amazon (NASDAQ:AMZN) would take over retail hit Costco and other retailers hard. However Costco had a pretty good 2018 and the stock has seen steady growth. Source: Baron Valium via Flickr Walt Disney (DIS)With millions facing unemployment or underemployment during downturns, people find themselves with more free time. This creates an opportunity for Disney (NYSE:DIS) to serve as one of the downturn stocks to buy as they provide low-cost entertainment.Many regard its content library as the best available. This coincides well with the coming launch of Disney's streaming service. Disney is offering a lower price than its peer Netflix (NASDAQ:NFLX). While many customers will get both services, those focused on access to the best content library at the lowest price will choose Disney. * Missing copy for url 1. Please edit. * Url 1 is an external link. Please edit.This along with ESPN, Marvel, Lucasfilm, the theme parks and Disney's other ventures continue to drive Disney's profits higher.With the affordable entertainment Disney will offer, the profit growth for DIS stock should remain robust regardless of how well the economy performs. Source: Mike Mozart via Flickr Dollar Tree (DLTR)Of all recession-proof stocks to buy, perhaps none define the category better than Dollar Tree (NASDAQ:DLTR). As an extreme discounter, the store holds a continuous appeal to lower-income consumers and for those who want to keep spending to a minimum. During a downturn, this draw also attracts those who would regularly shop at higher-end stores during better times.However, even during these better times, DLTR stock has enjoyed average growth at about 16% per year over the last five years. Analysts believe growth will be about 7.5% per year on average for the next five years. This growth will help it to compete with peers such as Dollar General (NYSE:DG) and Big Lots (NYSE:BIG).Now could be a great time to buy DLTR stock, whether a downturn comes tomorrow or two years from now. Both a downturn and its predicted growth could serve as catalysts to push the stock back to its high and perhaps beyond.The company operates over 14,800 stores in 48 states and five Canadian provinces. At a market cap of only $24 billion, Dollar Tree stands as a large company that will enjoy steady growth in the years ahead regardless of how the overall economy performs. Source: Shutterstock Spirit Airlines (SAVE)Even during this booming economy, ultra-low-fare carrier Spirit Airlines (NASDAQ:SAVE) has become the fastest-growing U.S. airline.Though airlines do not normally appear on lists of downturn stocks to buy, SAVE stock could buck that trend. For one, cash-strapped customers who might have flown a different airline when they felt wealthier, will turn to Spirit more often.Moreover, higher-end airlines would have to cut back service in more crowded airports. This could serve as an opportunity to take more market share at airports with little room to expand. * 7 A-Rated Stocks Under $10 The airline also continues its expansion in South America and has yet to tap the Canadian market. They are also looking at adding regional jet types to their fleet. They fly only certain types of Airbus aircraft currently. Adding a regional jet would allow them to expand to smaller domestic markets presently overlooked by discount carriers.Despite a temporary growth setback in 2017 from having to pay pilots more, analysts expect the fast growth pace to resume. The stock trades at a forward P/E of only about seven.Most expect Spirit to see the one of highest growth rates in the sector. With the ultra-low fares, high growth and the potential to expand, Spirit can prosper in almost any economic environment. Source: Drew Stephens via Flickr Molson Coors (TAP)Molson Coors (NYSE:TAP) and its peers have faced challenges as consumers increasingly turn to craft beers. Others have turned to wine and spirits, or away from alcohol altogether.During the last recession, consumption of mainstream beers fell as consumers turned to craft beers. The company saw the writing on the wall. They set out to acquire multiple craft breweries in various regions of the country.Some, such as Blue Moon and Leinenkugel, sell nationally. Other brands, such as Hop Valley or Revolver, come closer to the "microbrewery" concept, selling only in select regions of the country. This leaves Molson Coors with a wide variety of products to sell to both the low-end consumers and those who want to enjoy a "luxury" craft brew as they drown their sorrows during a downturn.The trend toward cannabis legalization could also benefit TAP stock. Spirits producer Constellation (NYSE:STZ) bought a stake in Canadian weed company Canopy Growth (NYSE:CGC) last year. The Molson Coors deal with cannabis company Hexo could also bolster revenue and earnings, which would help TAP to prosper as one of the better downturn stocks to buy.The stock trades at a forward P/E of 12. TAP stock saw minimal profit growth over the previous five years. Still, analysts predict profit growth will come in at almost 7.7% per year on average for the next five years. A move into cannabis would likely increase that estimate. Whatever happens with the economy, investors will have what they need to relieve the pain available on TAP. Source: MayApps207 via WikiMedia Teladoc (TDOC)Healthcare equities tend to function well as recession-proof stocks to buy. Even in a booming economy, the rising cost of healthcare has served as a source of worry for many Americans. However, Teladoc (NYSE:TDOC) appears ready to cut the cost of doctor visits.For $40, patients can receive a virtual visit from a doctor at any time via their PC or smartphone. This allows for treatment solutions at a lower cost without the wait.Analysts estimate over 400 million doctor visits per year, about one-third of the total, could take place on such a platform. Teladoc holds well over 50% of the market share in telehealth. * 5 Safe Stocks to Buy This Summer The growth potential remains enormous regardless of how the economy performs. However, unemployed workers often drop health insurance during downturns. Thus, TDOC could provide quick, life-saving treatments to those who might not otherwise be able to afford a doctor.The company has invested heavily in improving diagnostics and taking this service outside the U.S. As a result, it has spent heavily, and profitability will not come in the foreseeable future. Also, with TDOC trading at more than nine times sales, it has become an expensive stock.However, revenue has nearly doubled every year since 2013. With a majority of the market share, a $4.86 billion market cap and more than 99% of the potential market left to be addressed, TDOC stock should rise regardless of what happens to the economy. Source: Via T-Mobile T-Mobile (TMUS)T-Mobile (NASDAQ:TMUS) and its peers are spending tens of billions of dollars over the next few years to upgrade to 5G technology. 5G promises to revolutionize the wireless industry and perhaps the tech industry as a whole.Tests indicate it will bring speeds between 10 and 60 times faster than 4G. This will improve wireless connectivity and bring the world apps and functions not possible in the 4G realm. One such application is connectivity to Internet of Things (IoT) devices. Others have yet to be imagined.However, this places pressure upon T-Mobile, as well as AT&T (NYSE:T) and Verizon (NYSE:VZ), to complete the 5G upgrade to stay relevant in the wireless business. Thus, the move to 5G will continue regardless of how the economy performs. Moreover, people must communicate in good times and in bad. This need will help T-Mobile and its peers as downturn stocks to buy.Also following its merger with Sprint (NYSE:S), T-Mobile will see a broader customer base and only two direct competitors in the U.S. With or without Sprint, and with or without a booming economy, T-Mobile and TMUS stock will move ahead at full speed.As of this writing, Will Healy was long TDOC stock. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 A-Rated Stocks Under $10 * 8 Monthly Dividend Stocks to Buy for Consistent Income * 7 Disruptive Biotech Stocks to Buy for 2025 The post 7 Recession-Proof Stocks to Buy as the Boom Ends appeared first on InvestorPlace.
President and CEO of Spirit Airlines Inc (30-Year Financial, Insider Trades) Edward M Christie Iii (insider trades) bought 2,375 shares of SAVE on 07/30/2019 at an average price of $41.93 a share. Continue reading...
The Zacks Analyst Blog Highlights: American Airlines, Southwest Airlines, Alaska Air, Allegiant Travel and Spirit Airlines
Spirit Airlines (SAVE) and Southwest Airlines' (LUV) bearish cost projections for third-quarter 2019 cause the sector tracker to decline over the past five days.
The budget carrier released disappointing guidance for the third quarter, causing Spirit Airlines stock to crash. But business trends should improve dramatically in 2020.
Shares of airline companies traded mostly lower Thursday, as a more dire outlook on the groundings of Boeing Co.’s 737 Max planes sullied the earnings reports from Southwest Co. and American Airlines Group Inc.
Although the Miramar-based discount airline (NYSE: SAVE) reported strong gains compared to the year-ago quarter, the company issued an investor update that said its costs per available seat mile (seats available multiplied by miles flown) will be up 7% to 8% in the third quarter of 2019.
Spirit Airlines' (SAVE) top line improves year over year in the second quarter of 2019, courtesy of solid passenger revenues. However, the bearish cost projection for the third quarter is concerning.
Editor's note: This story was corrected on July 25, 2019.Spirit Airlines (NYSE:SAVE) posted its latest quarterly earnings results late today. Earnings were up big-time, while revenue gained as well, yet SAVE stock is down more than 13% year-over-year.Source: Shutterstock The Miramar, Fla.-based airline said that for its second quarter of 2019, it amassed earnings of $114.5 million, more than 10 times the earnings from the year-ago quarter of $11.3 million. This amounted to $1.67 per share versus 16 cents per share from the year-ago quarter.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOn an adjusted basis, Spirit Airlines posted earnings of $115.7 million, or $1.69 per share. During the year-ago quarter, this was $75.7 million, or $1.11 per share. Total operating revenue for the period was $1.013 billion, gaining 18.9% year-over-year, thanks in part to an 18.4% surge in flight volume."Our team once again delivered strong quarterly profits," Spirit Airlines CEO Ted Christie said. "In the second quarter 2019, we improved our operating margin by 300 basis points and delivered very strong earnings growth."Non-ticket revenue per passenger flight is a metric that increased 1.8% to $55.54. Fare revenue per passenger flight segment fell 1% to $57.60, while total revenue per passenger segment is up 0.3% year-over-year to $113.14.For the period, total GAAP operating expenses is up 14.2%, reaching $849 million.SAVE stock is sinking about 13.7% after hours on Wednesday following the company's quarterly earnings results. Shares had been gaining roughly 2.5% during regular trading hours. More From InvestorPlace * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Stocks to Sell This Summer Earnings Season * 10 Stocks to Buy From This Superstar Fund * 7 Defense Stocks to Buy to Fortify Your Portfolio The post Spirit Airlines Earnings: SAVE Stock Down, Operating Expenses Rise 14% appeared first on InvestorPlace.
Spirit (SAVE) delivered earnings and revenue surprises of 3.05% and 0.07%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
MIRAMAR, Fla., July 24, 2019 -- Spirit Airlines, Inc. (NYSE: SAVE) today reported second quarter 2019 financial results. Second Quarter 2019 Second Quarter 2018 As.
Depending on the metric used, several different carriers could be considered the largest airline in the U.S.
The bat appeared 30 minutes into the flight from Charlotte to Newark; passengers were finally able to trap the bat in a restroom until the plane landed.