Zacks Research Cuts Earnings Estimates for Allegiant Travel

Allegiant Travel (NASDAQ:ALGT - Free Report) - Investment analysts at Zacks Research decreased their FY2025 EPS estimates for Allegiant Travel in a research note issued to investors on Thursday, April 24th. Zacks Research analyst R. Department now anticipates that the transportation company will earn $6.90 per share for the year, down from their prior estimate of $6.98. 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 Q4 2025 earnings at $2.28 EPS, Q1 2026 earnings at $1.61 EPS, Q2 2026 earnings at $1.32 EPS, Q3 2026 earnings at $2.27 EPS, Q4 2026 earnings at $3.07 EPS, FY2026 earnings at $8.26 EPS and Q1 2027 earnings at $2.24 EPS.

A number of other analysts also recently commented on the stock. Bank of America cut their price objective on shares of Allegiant Travel from $95.00 to $50.00 and set an "underperform" rating for the company in a report on Thursday, April 3rd. StockNews.com upgraded shares of Allegiant Travel from a "sell" rating to a "hold" rating in a report on Wednesday, January 15th. The Goldman Sachs Group increased their price target 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. Morgan Stanley increased their price objective on shares of Allegiant Travel from $90.00 to $95.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Finally, UBS Group lowered their price objective on shares of Allegiant Travel from $61.00 to $45.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. One equities 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $67.00.

Allegiant Travel Price Performance

Shares of ALGT traded down $0.28 during mid-day trading on Friday, hitting $45.84. 283,375 shares of the company were exchanged, compared to its average volume of 424,148. Allegiant Travel has a 1-year low of $36.09 and a 1-year high of $107.57. 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 company has a 50 day moving average of $55.20 and a 200-day moving average of $73.73. The stock has a market cap of $840.61 million, a price-to-earnings ratio of -3.43 and a beta of 1.57.

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, topping 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 Trading of Allegiant Travel

Large investors have recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. purchased a new stake in Allegiant Travel during the 4th quarter valued at approximately $26,067,000. Emerald Advisers LLC purchased a new stake in Allegiant Travel during the 4th quarter valued at approximately $22,256,000. Voloridge Investment Management LLC purchased a new stake in Allegiant Travel during the 4th quarter valued at approximately $16,713,000. Mesirow Institutional Investment Management Inc. purchased a new position in shares of Allegiant Travel during the 4th quarter worth approximately $13,830,000. Finally, T. Rowe Price Investment Management Inc. raised its stake in shares of Allegiant Travel by 16.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 928,641 shares of the transportation company's stock worth $87,404,000 after buying an additional 131,561 shares in the last quarter. 85.81% of the stock is owned by institutional investors and hedge funds.

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.