Allegiant Travel (NASDAQ:ALGT) Announces Quarterly Earnings Results, Beats Expectations By $1.62 EPS

Allegiant Travel (NASDAQ:ALGT - Get Free Report) announced its quarterly earnings data on Tuesday. The transportation company reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $1.62, Zacks reports. Allegiant Travel had a negative net margin of 9.56% and a positive return on equity of 3.33%. Allegiant Travel updated its Q1 2025 guidance to 1.500-2.500 EPS.

Allegiant Travel Stock Up 1.3 %

Shares of ALGT stock traded up $1.20 during mid-day trading on Friday, reaching $90.49. 348,188 shares of the company were exchanged, compared to its average volume of 350,249. The company has a market capitalization of $1.66 billion, a P/E ratio of -6.77, a P/E/G ratio of 1.03 and a beta of 1.63. The business's 50 day simple moving average is $93.15 and its 200 day simple moving average is $68.26. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.72 and a current ratio of 0.75. Allegiant Travel has a fifty-two week low of $36.08 and a fifty-two week high of $107.57.

Analysts Set New Price Targets

Several equities research analysts have commented on ALGT shares. Wolfe Research lowered Allegiant Travel from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 4th. Bank of America raised their price target on shares of Allegiant Travel from $54.00 to $95.00 and gave the company an "underperform" rating in a report on Friday, January 17th. Barclays increased their price objective on shares of Allegiant Travel from $85.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 16th. Morgan Stanley lifted their target price on shares of Allegiant Travel from $90.00 to $95.00 and gave the company an "equal weight" rating in a report on Thursday. Finally, StockNews.com upgraded Allegiant Travel from a "sell" rating to a "hold" rating in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, Allegiant Travel has a consensus rating of "Hold" and an average target price of $80.10.

Insider Activity at Allegiant Travel

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 shares were sold at an average price of $84.46, for a total transaction of $2,391,822.74. Following the sale, the chairman now directly owns 2,147,730 shares of the company's stock, valued at approximately $181,397,275.80. This represents a 1.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sandra Douglass Morgan sold 350 shares of Allegiant Travel stock in a transaction that occurred on Wednesday, November 27th. The shares were 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 owns 11,650 shares of the company's stock, valued at approximately $940,970.50. The trade was 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 corporate 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.