Zacks Research Has Bearish Estimate for ALGT FY2024 Earnings

Allegiant Travel (NASDAQ:ALGT - Free Report) - Research analysts at Zacks Research reduced their FY2024 earnings per share estimates for Allegiant Travel in a report released on Wednesday, November 13th. Zacks Research analyst R. Department now expects that the transportation company will post earnings of $1.09 per share for the year, down from their previous forecast of $1.34. The consensus estimate for Allegiant Travel's current full-year earnings is $1.00 per share. Zacks Research also issued estimates for Allegiant Travel's Q3 2025 earnings at $0.25 EPS, Q4 2025 earnings at $0.46 EPS, FY2025 earnings at $4.96 EPS, Q2 2026 earnings at $1.22 EPS, Q3 2026 earnings at $2.08 EPS and FY2026 earnings at $7.76 EPS.

Other equities research analysts have also issued research reports about the stock. Susquehanna upped their target price on shares of Allegiant Travel from $55.00 to $60.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. Wolfe Research downgraded Allegiant Travel from a "strong-buy" rating to a "hold" rating in a report on Monday, November 4th. TD Cowen raised their price target on Allegiant Travel from $42.00 to $50.00 and gave the company a "hold" rating in a report on Friday, November 1st. The Goldman Sachs Group reissued a "neutral" rating and set a $83.00 price target on shares of Allegiant Travel in a research note on Friday. Finally, Evercore ISI boosted their price target on shares of Allegiant Travel from $60.00 to $65.00 and gave the stock an "in-line" rating in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Allegiant Travel currently has a consensus rating of "Hold" and a consensus price target of $70.11.

Allegiant Travel Stock Performance

ALGT traded down $3.49 during trading on Monday, reaching $74.20. 405,345 shares of the company's stock were exchanged, compared to its average volume of 372,184. Allegiant Travel has a fifty-two week low of $36.08 and a fifty-two week high of $85.91. 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 company has a market capitalization of $1.36 billion, a P/E ratio of -49.47, a PEG ratio of 6.17 and a beta of 1.61. The business has a 50 day moving average price of $58.60 and a 200 day moving average price of $51.96.

Institutional Trading of Allegiant Travel

Several large investors have recently modified their holdings of ALGT. Signaturefd LLC boosted its position in Allegiant Travel by 149.2% during the 3rd quarter. Signaturefd LLC now owns 456 shares of the transportation company's stock worth $25,000 after buying an additional 273 shares during the period. Nisa Investment Advisors LLC raised its holdings in Allegiant Travel by 136.9% during the third quarter. Nisa Investment Advisors LLC now owns 526 shares of the transportation company's stock worth $29,000 after buying an additional 304 shares during the last quarter. Innealta Capital LLC bought a new position in shares of Allegiant Travel in the second quarter valued at $34,000. NBC Securities Inc. grew its holdings in shares of Allegiant Travel by 2,827.9% during the third quarter. NBC Securities Inc. now owns 1,259 shares of the transportation company's stock valued at $69,000 after buying an additional 1,216 shares during the last quarter. Finally, CWM LLC increased its position in shares of Allegiant Travel by 275.1% during the second quarter. CWM LLC now owns 1,268 shares of the transportation company's stock worth $64,000 after acquiring an additional 930 shares in the last quarter. 85.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Allegiant Travel news, COO Keny Frank Wilper sold 635 shares of the business's stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $62.69, for a total value of $39,808.15. Following the sale, the chief operating officer now owns 16,353 shares in the company, valued at approximately $1,025,169.57. The trade was a 3.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gary Ellmer sold 1,000 shares of the firm's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $45.00, for a total value of $45,000.00. Following the completion of the transaction, the director now owns 7,490 shares of the company's stock, valued at $337,050. The trade was a 11.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,931 shares of company stock worth $101,372 over the last quarter. 15.80% of the stock is currently owned by company insiders.

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.