Seaport Res Ptn Has Negative Outlook of ALGT Q1 Earnings

Allegiant Travel (NASDAQ:ALGT - Free Report) - Equities research analysts at Seaport Res Ptn dropped their Q1 2025 EPS estimates for shares of Allegiant Travel in a report issued on Wednesday, February 5th. Seaport Res Ptn analyst D. Mckenzie now forecasts that the transportation company will post earnings of $2.20 per share for the quarter, down from their prior forecast of $2.40. The consensus estimate for Allegiant Travel's current full-year earnings is $7.15 per share. Seaport Res Ptn also issued estimates for Allegiant Travel's FY2026 earnings at $11.25 EPS and FY2027 earnings at $12.50 EPS.

Several other research firms also recently commented on ALGT. The Goldman Sachs Group lifted their price target on shares of Allegiant Travel from $83.00 to $92.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 14th. TD Cowen boosted their price target on shares of Allegiant Travel from $50.00 to $70.00 and gave the stock a "hold" rating in a research note on Tuesday, December 17th. Wolfe Research lowered shares of Allegiant Travel from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 4th. Barclays lifted their price objective on Allegiant Travel from $85.00 to $100.00 and gave the stock an "equal weight" rating in a report on Thursday, January 16th. Finally, UBS Group initiated coverage on Allegiant Travel in a report on Tuesday, November 26th. They set a "neutral" rating and a $16.00 target price for the company. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $80.10.

Allegiant Travel Price Performance

Shares of NASDAQ ALGT traded down $1.39 during trading hours on Friday, reaching $89.10. 168,096 shares of the stock traded hands, compared to its average volume of 346,150. The company's 50-day simple moving average is $93.15 and its two-hundred day simple moving average is $68.40. The company has a market capitalization of $1.63 billion, a P/E ratio of -6.68, a price-to-earnings-growth ratio of 1.03 and a beta of 1.63. Allegiant Travel has a 52-week low of $36.08 and a 52-week high of $107.57. 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 (NASDAQ:ALGT - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The transportation company reported $2.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $1.62. Allegiant Travel had a positive return on equity of 3.33% and a negative net margin of 9.56%.

Insiders Place Their Bets

In other Allegiant Travel news, Director Sandra Douglass Morgan sold 350 shares of the firm'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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Maurice J. Gallagher, Jr. sold 28,319 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $84.46, for a total value of $2,391,822.74. Following the completion of the sale, the chairman now directly owns 2,147,730 shares in the company, valued at approximately $181,397,275.80. This represents a 1.30 % 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.

Hedge Funds Weigh In On Allegiant Travel

Several large investors have recently modified their holdings of ALGT. Signaturefd LLC grew its stake in shares of Allegiant Travel by 149.2% in the third quarter. Signaturefd LLC now owns 456 shares of the transportation company's stock worth $25,000 after acquiring an additional 273 shares during the period. Crews Bank & Trust bought a new stake in Allegiant Travel in the 4th quarter worth approximately $25,000. Nisa Investment Advisors LLC grew its position in Allegiant Travel by 136.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 526 shares of the transportation company's stock worth $29,000 after purchasing an additional 304 shares during the period. Jones Financial Companies Lllp raised its stake in Allegiant Travel by 94.5% during the 4th quarter. Jones Financial Companies Lllp now owns 459 shares of the transportation company's stock valued at $43,000 after buying an additional 223 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Allegiant Travel by 53.5% during the 4th quarter. GAMMA Investing LLC now owns 677 shares of the transportation company's stock valued at $64,000 after buying an additional 236 shares during the period. Hedge funds and other institutional investors own 85.81% of the company's stock.

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.