Allegiant Travel (NASDAQ:ALGT - Free Report) - Analysts at Seaport Res Ptn dropped their Q1 2025 earnings per share (EPS) estimates for Allegiant Travel in a research note issued to investors on Tuesday, April 8th. Seaport Res Ptn analyst D. Mckenzie now expects that the transportation company will post earnings of $1.50 per share for the quarter, down from their previous forecast of $2.20. The consensus estimate for Allegiant Travel's current full-year earnings is $7.70 per share. Seaport Res Ptn also issued estimates for Allegiant Travel's Q2 2025 earnings at $1.90 EPS, Q3 2025 earnings at ($0.35) EPS, Q4 2025 earnings at $2.60 EPS, FY2025 earnings at $5.65 EPS, FY2026 earnings at $8.50 EPS and FY2027 earnings at $9.25 EPS.
Allegiant Travel (NASDAQ:ALGT - Get Free Report) last announced its earnings results on Tuesday, February 4th. The transportation company reported $2.10 earnings per share for the quarter, topping 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%.
Other equities research analysts have also recently issued reports about the company. UBS Group decreased their price target on Allegiant Travel from $61.00 to $45.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Bank of America lowered their price objective on Allegiant Travel from $95.00 to $50.00 and set an "underperform" rating on the stock in a research report on Thursday, April 3rd. StockNews.com upgraded Allegiant Travel from a "sell" rating to a "hold" rating in a research report on Wednesday, January 15th. The Goldman Sachs Group raised their target price on shares of Allegiant Travel from $83.00 to $92.00 and gave the company a "neutral" rating in a research note on Tuesday, January 14th. Finally, Susquehanna cut their price objective on Allegiant Travel from $95.00 to $50.00 and set a "neutral" rating for the company in a report on Monday, April 7th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Allegiant Travel currently has a consensus rating of "Hold" and an average price target of $67.00.
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Allegiant Travel Stock Performance
Allegiant Travel stock traded up $0.79 during midday trading on Thursday, reaching $45.72. The stock had a trading volume of 121,583 shares, compared to its average volume of 417,833. The firm has a market capitalization of $838.41 million, a PE ratio of -3.42 and a beta of 1.57. Allegiant Travel has a 12 month low of $36.09 and a 12 month 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. The firm's 50-day moving average price is $63.47 and its 200 day moving average price is $74.57.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in ALGT. Crews Bank & Trust purchased a new stake in Allegiant Travel in the fourth quarter worth about $25,000. Farther Finance Advisors LLC grew its position in Allegiant Travel by 489.1% in the 1st quarter. Farther Finance Advisors LLC now owns 542 shares of the transportation company's stock worth $28,000 after purchasing an additional 450 shares during the period. Jones Financial Companies Lllp lifted its holdings in Allegiant Travel by 94.5% in the fourth quarter. Jones Financial Companies Lllp now owns 459 shares of the transportation company's stock valued at $43,000 after acquiring an additional 223 shares during the period. Sterling Capital Management LLC lifted its stake in shares of Allegiant Travel by 803.6% in the 4th quarter. Sterling Capital Management LLC now owns 497 shares of the transportation company's stock worth $47,000 after purchasing an additional 442 shares during the period. Finally, Signaturefd LLC grew its position in shares of Allegiant Travel by 30.3% during the 4th quarter. Signaturefd LLC now owns 594 shares of the transportation company's stock valued at $56,000 after acquiring an additional 138 shares during the period. Hedge funds and other institutional investors own 85.81% of the company's stock.
Allegiant Travel Company Profile
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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.
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