Allegiant Travel (NASDAQ:ALGT - Free Report) - Research analysts at Zacks Research cut their Q1 2026 earnings per share (EPS) estimates for shares of Allegiant Travel in a research report issued on Tuesday, March 18th. Zacks Research analyst R. Department now forecasts that the transportation company will post earnings of $1.82 per share for the quarter, down from their previous forecast of $1.83. The consensus estimate for Allegiant Travel's current full-year earnings is $7.70 per share. Zacks Research also issued estimates for Allegiant Travel's Q2 2026 earnings at $1.48 EPS, Q3 2026 earnings at $2.45 EPS, FY2026 earnings at $9.41 EPS and FY2027 earnings at $11.54 EPS.
Several other research analysts have also recently weighed in on ALGT. Susquehanna upped their price objective on Allegiant Travel from $60.00 to $105.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. The Goldman Sachs Group upped their price target on Allegiant Travel from $83.00 to $92.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 14th. Bank of America lifted their price objective 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. Raymond James increased their target price on shares of Allegiant Travel from $75.00 to $110.00 and gave the stock an "outperform" rating in a report on Monday, December 30th. Finally, Barclays lifted their price target on shares of Allegiant Travel from $85.00 to $100.00 and gave the company an "equal weight" rating in a research note on Thursday, January 16th. One investment 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 presently has an average rating of "Hold" and a consensus target price of $84.60.
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Allegiant Travel Stock Up 2.3 %
ALGT stock traded up $1.27 during trading hours on Thursday, reaching $56.23. 395,120 shares of the stock were exchanged, compared to its average volume of 399,307. The firm's 50-day moving average is $81.12 and its 200-day moving average is $74.15. Allegiant Travel has a 12 month low of $36.09 and a 12 month high of $107.57. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -4.21 and a beta of 1.64. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.75 and a quick ratio of 0.72.
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 the consensus estimate of $0.48 by $1.62. Allegiant Travel had a negative net margin of 9.56% and a positive return on equity of 3.33%.
Institutional Investors Weigh In On Allegiant Travel
Institutional investors and hedge funds have recently modified their holdings of the company. Crews Bank & Trust acquired a new position in Allegiant Travel during the fourth quarter worth approximately $25,000. Jones Financial Companies Lllp boosted its stake in shares of Allegiant Travel by 94.5% during the 4th quarter. Jones Financial Companies Lllp now owns 459 shares of the transportation company's stock worth $43,000 after acquiring an additional 223 shares during the period. Sterling Capital Management LLC increased its holdings in shares of Allegiant Travel by 803.6% during the 4th quarter. Sterling Capital Management LLC now owns 497 shares of the transportation company's stock worth $47,000 after acquiring an additional 442 shares during the last quarter. Signaturefd LLC raised its stake in Allegiant Travel by 30.3% in 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. Finally, GAMMA Investing LLC lifted its holdings in 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 purchasing an additional 236 shares during the last quarter. 85.81% of the stock is owned by institutional investors.
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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