Allegiant Travel (NASDAQ:ALGT) Issues Q4 2024 Earnings Guidance

Allegiant Travel (NASDAQ:ALGT - Get Free Report) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.750-2.250 for the period, compared to the consensus estimate of 0.670. The company issued revenue guidance of -.

Allegiant Travel Trading Up 1.6 %

Shares of ALGT stock traded up $1.27 during mid-day trading on Thursday, hitting $82.12. 184,009 shares of the company's stock were exchanged, compared to its average volume of 368,819. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of -54.75, a PEG ratio of 7.17 and a beta of 1.67. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 1.36. Allegiant Travel has a fifty-two week low of $36.08 and a fifty-two week high of $94.45. The stock has a 50-day simple moving average of $72.82 and a two-hundred day simple moving average of $56.37.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ALGT. Barclays raised their price target on Allegiant Travel from $50.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 14th. The Goldman Sachs Group reissued a "neutral" rating and issued a $83.00 target price on shares of Allegiant Travel in a research report on Friday, November 15th. TD Cowen upped their price target on shares of Allegiant Travel from $50.00 to $70.00 and gave the stock a "hold" rating in a research report on Tuesday. UBS Group initiated coverage on shares of Allegiant Travel in a research note on Tuesday, November 26th. They set a "neutral" rating and a $16.00 price target on the stock. Finally, Susquehanna boosted their price objective on shares of Allegiant Travel from $55.00 to $60.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Allegiant Travel has a consensus rating of "Hold" and a consensus price target of $68.00.

Insiders Place Their Bets

In other Allegiant Travel news, Chairman Maurice J. Gallagher, Jr. sold 28,319 shares of the business's stock in a transaction dated 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 transaction, the chairman now owns 2,147,730 shares in the company, valued at $181,397,275.80. The trade was a 1.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Keny Frank Wilper sold 635 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $62.69, for a total value of $39,808.15. Following the completion of the sale, the chief operating officer now owns 16,353 shares of the company's stock, valued at approximately $1,025,169.57. This trade represents a 3.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,600 shares of company stock worth $2,476,465 over the last ninety days. 15.80% of the stock is 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.