Allegiant Travel (ALGT) Expected to Announce Quarterly Earnings on Tuesday

Allegiant Travel (NASDAQ:ALGT - Get Free Report) is projected to announce its earnings results after the market closes on Tuesday, February 4th. Analysts expect the company to announce earnings of $0.48 per share and revenue of $628.71 million for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

Allegiant Travel Stock Performance

Shares of NASDAQ:ALGT traded down $1.22 during midday trading on Friday, hitting $102.84. The stock had a trading volume of 154,472 shares, compared to its average volume of 280,322. Allegiant Travel has a 1 year low of $36.08 and a 1 year high of $107.57. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 1.36. The stock has a 50 day moving average price of $91.65 and a two-hundred day moving average price of $66.30. The company has a market capitalization of $1.89 billion, a PE ratio of -68.34, a P/E/G ratio of 1.37 and a beta of 1.62.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Raymond James lifted their price objective on Allegiant Travel from $75.00 to $110.00 and gave the company an "outperform" rating in a report on Monday, December 30th. TD Cowen upped their price objective on Allegiant Travel from $50.00 to $70.00 and gave the stock a "hold" rating in a report on Tuesday, December 17th. Susquehanna raised their target price on Allegiant Travel from $60.00 to $105.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Bank of America upped their price target on shares of Allegiant Travel from $54.00 to $95.00 and gave the stock an "underperform" rating in a research note on Friday, January 17th. Finally, StockNews.com upgraded shares of Allegiant Travel from a "sell" rating to a "hold" rating in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $79.60.

Insiders Place Their Bets

In other Allegiant Travel news, Chairman Maurice J. Gallagher, Jr. sold 28,319 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $84.46, for a total transaction of $2,391,822.74. Following the sale, the chairman now owns 2,147,730 shares in the company, valued at approximately $181,397,275.80. This represents a 1.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sandra Douglass Morgan sold 350 shares of the business's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $80.77, for a total value of $28,269.50. Following the completion of the transaction, the director now directly owns 11,650 shares of the company's stock, valued at approximately $940,970.50. This trade represents a 2.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.80% of the stock is currently owned by company insiders.

About Allegiant Travel

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.