Zacks Research Lifts Earnings Estimates for Allegiant Travel

Allegiant Travel (NASDAQ:ALGT - Free Report) - Investment analysts at Zacks Research boosted their FY2024 earnings per share (EPS) estimates for Allegiant Travel in a note issued to investors on Monday, January 6th. Zacks Research analyst R. Department now forecasts that the transportation company will earn $2.53 per share for the year, up from their previous forecast of $1.09. 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 Q4 2024 earnings at $2.21 EPS, Q1 2025 earnings at $2.32 EPS, Q2 2025 earnings at $3.03 EPS, Q3 2025 earnings at ($0.28) EPS, Q4 2025 earnings at $1.22 EPS, FY2025 earnings at $6.30 EPS, Q1 2026 earnings at $2.28 EPS, Q2 2026 earnings at $1.85 EPS, Q3 2026 earnings at $2.60 EPS, Q4 2026 earnings at $3.15 EPS and FY2026 earnings at $9.88 EPS.

ALGT has been the subject of several other research reports. Raymond James upped their target price on shares of Allegiant Travel from $75.00 to $110.00 and gave the stock an "outperform" rating in a research note on Monday, December 30th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $83.00 price objective on shares of Allegiant Travel in a research report on Friday, November 15th. StockNews.com upgraded Allegiant Travel from a "sell" rating to a "hold" rating in a research note on Saturday, January 4th. TD Cowen lifted their target price on Allegiant Travel from $50.00 to $70.00 and gave the stock a "hold" rating in a research note on Tuesday, December 17th. Finally, Wolfe Research lowered shares of Allegiant Travel from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 4th. Ten equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $74.11.

Allegiant Travel Stock Up 0.2 %

NASDAQ ALGT traded up $0.18 on Thursday, reaching $99.30. The company had a trading volume of 258,481 shares, compared to its average volume of 298,576. 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's fifty day moving average is $82.56 and its 200 day moving average is $60.71. Allegiant Travel has a 52-week low of $36.08 and a 52-week high of $101.00. The stock has a market capitalization of $1.82 billion, a P/E ratio of -66.20, a P/E/G ratio of 7.17 and a beta of 1.62.

Insiders Place Their Bets

In other Allegiant Travel news, Director Sandra Douglass Morgan sold 350 shares of Allegiant Travel stock in a transaction dated Wednesday, November 27th. The stock was 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 $940,970.50. The trade was a 2.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Keny Frank Wilper sold 635 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $62.69, for a total transaction of $39,808.15. Following the completion of the sale, the chief operating officer now directly owns 16,353 shares in the company, valued at approximately $1,025,169.57. The trade was a 3.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,304 shares of company stock worth $2,459,900 over the last quarter. 15.80% of the stock is currently owned by company insiders.

Institutional Trading of Allegiant Travel

Several institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in Allegiant Travel by 53.5% during the fourth 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. Signaturefd LLC boosted its stake in 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 buying an additional 273 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Allegiant Travel by 136.9% during the third quarter. Nisa Investment Advisors LLC now owns 526 shares of the transportation company's stock valued at $29,000 after acquiring an additional 304 shares during the last quarter. Privium Fund Management UK Ltd raised its stake in shares of Allegiant Travel by 3.5% during the third quarter. Privium Fund Management UK Ltd now owns 10,549 shares of the transportation company's stock worth $581,000 after acquiring an additional 358 shares in the last quarter. Finally, SeaCrest Wealth Management LLC lifted its holdings in shares of Allegiant Travel by 8.1% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 6,010 shares of the transportation company's stock worth $331,000 after acquiring an additional 450 shares during the last quarter. 85.81% of the stock is currently owned by hedge funds and other institutional investors.

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.