Zacks Research Issues Negative Outlook for ALGT Earnings

Allegiant Travel (NASDAQ:ALGT - Free Report) - Equities research analysts at Zacks Research dropped their Q4 2024 EPS estimates for Allegiant Travel in a report issued on Wednesday, November 13th. Zacks Research analyst R. Department now expects that the transportation company will earn $0.77 per share for the quarter, down from their prior forecast of $0.79. The consensus estimate for Allegiant Travel's current full-year earnings is $1.04 per share. Zacks Research also issued estimates for Allegiant Travel's Q1 2025 earnings at $2.01 EPS, Q2 2025 earnings at $2.24 EPS and Q1 2026 earnings at $1.72 EPS.

Several other brokerages also recently weighed in on ALGT. The Goldman Sachs Group reissued a "neutral" rating and issued a $83.00 price target on shares of Allegiant Travel in a report on Friday. Susquehanna upped their price target on shares of Allegiant Travel from $55.00 to $60.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. Barclays boosted their price objective on shares of Allegiant Travel from $50.00 to $75.00 and gave the company an "equal weight" rating in a report on Thursday. Evercore ISI raised their target price on Allegiant Travel from $60.00 to $65.00 and gave the stock an "in-line" rating in a research note on Thursday, October 3rd. Finally, Wolfe Research lowered Allegiant Travel from a "strong-buy" rating to a "hold" rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Allegiant Travel has a consensus rating of "Hold" and a consensus target price of $70.11.

Allegiant Travel Stock Up 2.1 %

ALGT stock traded up $1.61 on Friday, hitting $77.69. 487,581 shares of the company's stock were exchanged, compared to its average volume of 372,035. The firm has a 50 day moving average price of $57.95 and a two-hundred day moving average price of $51.85. Allegiant Travel has a 12-month low of $36.08 and a 12-month high of $85.91. The stock has a market cap of $1.43 billion, a P/E ratio of -51.79, a price-to-earnings-growth ratio of 5.92 and a beta of 1.61. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.72 and a current ratio of 0.75.

Insider Transactions at Allegiant Travel

In other Allegiant Travel news, COO Keny Frank Wilper sold 635 shares of Allegiant Travel stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $62.69, for a total value of $39,808.15. Following the completion of the transaction, the chief operating officer now owns 16,353 shares of the company's stock, valued at approximately $1,025,169.57. The trade was a 3.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gary Ellmer sold 1,000 shares of Allegiant Travel 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 approximately $337,050. This represents a 11.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,334 shares of company stock valued at $117,158 in the last 90 days. 15.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Allegiant Travel

A number of institutional investors have recently added to or reduced their stakes in ALGT. Barclays PLC lifted its stake in Allegiant Travel by 136.9% in the 3rd quarter. Barclays PLC now owns 31,876 shares of the transportation company's stock valued at $1,755,000 after buying an additional 18,421 shares in the last quarter. XTX Topco Ltd lifted its position in shares of Allegiant Travel by 15.0% in the third quarter. XTX Topco Ltd now owns 17,491 shares of the transportation company's stock valued at $963,000 after acquiring an additional 2,279 shares in the last quarter. State Street Corp boosted its stake in shares of Allegiant Travel by 1.7% in the third quarter. State Street Corp now owns 608,977 shares of the transportation company's stock worth $33,530,000 after acquiring an additional 10,050 shares during the last quarter. Stifel Financial Corp acquired a new stake in shares of Allegiant Travel in the third quarter worth approximately $210,000. Finally, Hauser Brothers GmbH increased its position in shares of Allegiant Travel by 73.0% during the third quarter. Hauser Brothers GmbH now owns 23,700 shares of the transportation company's stock worth $1,305,000 after purchasing an additional 10,000 shares in the last quarter. Institutional investors and hedge funds own 85.81% of the company's stock.

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.