What is Seaport Res Ptn's Estimate for ALGT Q1 Earnings?

Allegiant Travel (NASDAQ:ALGT - Free Report) - Investment analysts at Seaport Res Ptn issued their Q1 2025 EPS estimates for Allegiant Travel in a report issued on Tuesday, October 29th. Seaport Res Ptn analyst D. Mckenzie expects that the transportation company will earn $1.95 per share for the quarter. The consensus estimate for Allegiant Travel's current full-year earnings is $1.47 per share. Seaport Res Ptn also issued estimates for Allegiant Travel's Q3 2025 earnings at $0.15 EPS.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last released its earnings results on Wednesday, July 31st. The transportation company reported $1.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.93. The firm had revenue of $666.28 million for the quarter, compared to analysts' expectations of $657.74 million. Allegiant Travel had a positive return on equity of 3.48% and a negative net margin of 0.57%. The business's revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.35 earnings per share.

A number of other analysts have also weighed in on ALGT. Susquehanna raised their target price on shares of Allegiant Travel from $40.00 to $55.00 and gave the company a "neutral" rating in a research report on Wednesday, October 9th. Barclays reduced their price objective on Allegiant Travel from $55.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft lowered Allegiant Travel from a "buy" rating to a "hold" rating and cut their price target for the company from $75.00 to $53.00 in a research note on Monday, July 8th. TD Cowen upped their price objective on Allegiant Travel from $33.00 to $42.00 and gave the company a "hold" rating in a research note on Thursday, October 3rd. Finally, Evercore ISI raised their price objective on shares of Allegiant Travel from $60.00 to $65.00 and gave the company an "in-line" rating in a report on Thursday, October 3rd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $63.13.

Allegiant Travel Price Performance

Shares of ALGT traded up $2.27 during mid-day trading on Wednesday, reaching $62.96. The company had a trading volume of 710,828 shares, compared to its average volume of 363,764. The company's 50 day simple moving average is $50.44 and its 200 day simple moving average is $50.77. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of -68.19, a P/E/G ratio of 3.11 and a beta of 1.65. Allegiant Travel has a 1-year low of $36.08 and a 1-year high of $85.91. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.71 and a current ratio of 0.74.

Institutional Trading of Allegiant Travel

Several large investors have recently made changes to their positions in the company. SeaCrest Wealth Management LLC grew its stake in Allegiant Travel by 39.8% in the first quarter. SeaCrest Wealth Management LLC now owns 5,025 shares of the transportation company's stock valued at $378,000 after acquiring an additional 1,430 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Allegiant Travel by 369.1% in the first quarter. BNP Paribas Financial Markets now owns 23,874 shares of the transportation company's stock valued at $1,796,000 after buying an additional 18,785 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Allegiant Travel by 18.8% during the first quarter. Janney Montgomery Scott LLC now owns 7,799 shares of the transportation company's stock valued at $587,000 after buying an additional 1,235 shares during the last quarter. Capstone Investment Advisors LLC acquired a new position in shares of Allegiant Travel during the first quarter valued at about $834,000. Finally, Empowered Funds LLC increased its position in shares of Allegiant Travel by 7.8% during the first quarter. Empowered Funds LLC now owns 71,275 shares of the transportation company's stock worth $5,361,000 after acquiring an additional 5,175 shares in the last quarter. 85.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Allegiant Travel

In other Allegiant Travel news, Director Gary Ellmer sold 1,000 shares of the company's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $45.00, for a total transaction of $45,000.00. Following the sale, the director now owns 7,490 shares of the company's stock, valued at approximately $337,050. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Gary Ellmer sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $45.00, for a total transaction of $45,000.00. Following the completion of the sale, the director now owns 7,490 shares of the company's stock, valued at $337,050. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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 transaction, the chief operating officer now directly owns 16,353 shares in the company, valued at approximately $1,025,169.57. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,334 shares of company stock worth $117,158 over the last three months. 15.80% of the stock is owned by company insiders.

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.