What is Seaport Res Ptn's Forecast for ALGT FY2027 Earnings?

Allegiant Travel (NASDAQ:ALGT - Free Report) - Analysts at Seaport Res Ptn dropped their FY2027 earnings per share estimates for Allegiant Travel in a report issued on Wednesday, December 18th. Seaport Res Ptn analyst D. Mckenzie now forecasts that the transportation company will post earnings of $12.00 per share for the year, down from their previous estimate of $12.50. The consensus estimate for Allegiant Travel's current full-year earnings is $1.00 per share.

Other analysts have also recently issued research reports about the company. Wolfe Research cut Allegiant Travel from a "strong-buy" rating to a "hold" rating in a report on Monday, November 4th. Barclays boosted their price objective on shares of Allegiant Travel from $50.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 14th. Evercore ISI raised their target price on shares of Allegiant Travel from $60.00 to $65.00 and gave the company an "in-line" rating in a research note on Thursday, October 3rd. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $83.00 price target on shares of Allegiant Travel in a research report on Friday, November 15th. Finally, TD Cowen raised their price objective on Allegiant Travel from $50.00 to $70.00 and gave the company a "hold" rating in a research report on Tuesday. Ten analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $68.00.

Allegiant Travel Trading Up 2.9 %

Allegiant Travel stock traded up $2.35 during midday trading on Friday, reaching $84.47. The stock had a trading volume of 397,734 shares, compared to its average volume of 368,937. The stock has a market capitalization of $1.55 billion, a PE ratio of -56.31, a price-to-earnings-growth ratio of 7.17 and a beta of 1.67. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.72 and a current ratio of 0.75. The stock's 50-day simple moving average is $73.31 and its 200 day simple moving average is $56.55. Allegiant Travel has a twelve month low of $36.08 and a twelve month high of $94.45.

Insider Buying and Selling

In related news, Director Sandra Douglass Morgan sold 350 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $80.77, for a total transaction of $28,269.50. Following the completion of the transaction, the director now owns 11,650 shares in the company, valued at approximately $940,970.50. The trade was a 2.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Keny Frank Wilper sold 635 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $62.69, for a total transaction of $39,808.15. Following the sale, the chief operating officer now directly owns 16,353 shares of the company's stock, valued at $1,025,169.57. This represents a 3.74 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,600 shares of company stock valued at $2,476,465. 15.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Allegiant Travel

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC raised its position in shares of Allegiant Travel by 149.2% in the third quarter. Signaturefd LLC now owns 456 shares of the transportation company's stock valued at $25,000 after buying an additional 273 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Allegiant Travel by 136.9% during the third quarter. Nisa Investment Advisors LLC now owns 526 shares of the transportation company's stock worth $29,000 after buying an additional 304 shares during the period. Innealta Capital LLC bought a new stake in shares of Allegiant Travel during the 2nd quarter valued at about $34,000. NBC Securities Inc. grew its stake in Allegiant Travel by 2,827.9% in the third quarter. NBC Securities Inc. now owns 1,259 shares of the transportation company's stock valued at $69,000 after acquiring an additional 1,216 shares during the period. Finally, Headlands Technologies LLC lifted its stake in shares of Allegiant Travel by 170.6% in the second quarter. Headlands Technologies LLC now owns 2,522 shares of the transportation company's stock valued at $127,000 after buying an additional 1,590 shares in the last quarter. 85.81% of the stock is owned by institutional investors.

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.