Zacks Research Analysts Lift Earnings Estimates for Allegiant Travel (NASDAQ:ALGT)

Allegiant Travel (NASDAQ:ALGT) – Zacks Research lifted their Q4 2024 earnings per share estimates for shares of Allegiant Travel in a report issued on Wednesday, June 19th. Zacks Research analyst M. Basu now anticipates that the transportation company will post earnings per share of $1.67 for the quarter, up from their previous forecast of $1.66. The consensus estimate for Allegiant Travel’s current full-year earnings is $3.61 per share. Zacks Research also issued estimates for Allegiant Travel’s Q2 2025 earnings at $1.92 EPS.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings results on Tuesday, May 7th. The transportation company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.06. Allegiant Travel had a return on equity of 0.50% and a net margin of 2.26%. The business had revenue of $656.70 million for the quarter, compared to the consensus estimate of $645.23 million. During the same period last year, the business posted $3.04 EPS. The business’s revenue was up 1.1% compared to the same quarter last year.

Several other research analysts also recently weighed in on ALGT. UBS Group assumed coverage on Allegiant Travel in a research note on Wednesday, March 20th. They set a “sell” rating and a $58.00 target price on the stock. TD Cowen dropped their target price on Allegiant Travel from $65.00 to $60.00 and set a “hold” rating on the stock in a research note on Wednesday, May 15th. Susquehanna dropped their price target on Allegiant Travel from $76.00 to $65.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 9th. Finally, Barclays dropped their price target on Allegiant Travel from $60.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 9th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $77.57.

Allegiant Travel Trading Up 0.1 %

Shares of NASDAQ:ALGT opened at $52.91 on Friday. Allegiant Travel has a 12-month low of $46.90 and a 12-month high of $130.93. The business’s fifty day simple moving average is $54.61 and its 200-day simple moving average is $68.44. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $964.55 million, a PE ratio of 16.74, a P/E/G ratio of 1.41 and a beta of 1.65.

Institutional Investors Weigh In On Allegiant Travel

A number of large investors have recently made changes to their positions in the stock. GAMMA Investing LLC purchased a new position in Allegiant Travel in the fourth quarter worth approximately $28,000. Tradewinds Capital Management LLC purchased a new position in shares of Allegiant Travel during the fourth quarter worth about $83,000. SG Americas Securities LLC purchased a new position in shares of Allegiant Travel during the first quarter worth about $141,000. Commerce Bank purchased a new position in shares of Allegiant Travel during the fourth quarter worth about $201,000. Finally, Everence Capital Management Inc. purchased a new position in shares of Allegiant Travel during the fourth quarter worth about $208,000. 85.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Robert Paul Wilson III sold 750 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $53.00, for a total value of $39,750.00. Following the completion of the transaction, the executive vice president now owns 74,948 shares of the company’s stock, valued at approximately $3,972,244. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Allegiant Travel news, EVP Robert Paul Wilson III sold 750 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $53.00, for a total transaction of $39,750.00. Following the completion of the sale, the executive vice president now directly owns 74,948 shares in the company, valued at approximately $3,972,244. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Keny Frank Wilper sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $51.00, for a total value of $51,000.00. Following the sale, the chief operating officer now owns 9,422 shares of the company’s stock, valued at $480,522. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,037 shares of company stock valued at $1,395,948. 17.50% of the stock is owned by company insiders.

Allegiant Travel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th were issued a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $2.40 annualized dividend and a dividend yield of 4.54%. Allegiant Travel’s dividend payout ratio (DPR) is presently 75.95%.

Allegiant Travel Company Profile

Allegiant Travel Company, a leisure travel company, provides travel services and products to residents of under-served cities in the United States. The company offers scheduled air transportation on limited-frequency, nonstop flights between under-served cities and leisure destinations. As of February 1, 2024, it operated a fleet of 126 Airbus A320 series aircraft.