Allegiant Travel (NASDAQ:ALGT – Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, July 31st. Analysts expect Allegiant Travel to post earnings of $0.88 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.
Allegiant Travel (NASDAQ:ALGT – Get Free Report) last released its earnings results on Tuesday, May 7th. The transportation company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.51 by $0.06. The firm had revenue of $656.70 million during the quarter, compared to analysts’ expectations of $645.23 million. Allegiant Travel had a return on equity of 0.50% and a net margin of 2.26%. Allegiant Travel’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.04 EPS. On average, analysts expect Allegiant Travel to post $3 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Allegiant Travel Trading Up 2.3 %
NASDAQ:ALGT opened at $49.27 on Wednesday. The stock has a 50-day simple moving average of $50.79 and a 200-day simple moving average of $63.39. The stock has a market cap of $898.19 million, a P/E ratio of 15.59, a P/E/G ratio of 1.80 and a beta of 1.66. Allegiant Travel has a 1 year low of $43.91 and a 1 year high of $129.49. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.74 and a current ratio of 0.76.
Allegiant Travel Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th were given a dividend of $0.60 per share. The ex-dividend date was Tuesday, May 14th. This represents a $2.40 annualized dividend and a dividend yield of 4.87%. Allegiant Travel’s dividend payout ratio is currently 75.95%.
Analyst Ratings Changes
Several research analysts have recently issued reports on ALGT shares. TD Cowen lowered their price objective on Allegiant Travel from $60.00 to $39.00 and set a “hold” rating for the company in a research report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft downgraded Allegiant Travel from a “buy” rating to a “hold” rating and reduced their target price for the company from $75.00 to $53.00 in a report on Monday, July 8th. Evercore ISI reduced their price objective on Allegiant Travel from $85.00 to $60.00 and set an “in-line” rating for the company in a research note on Monday, July 15th. Susquehanna reduced their price objective on Allegiant Travel from $60.00 to $55.00 and set a “neutral” rating for the company in a research note on Tuesday, July 16th. Finally, Morgan Stanley reduced their price objective on Allegiant Travel from $95.00 to $87.00 and set an “equal weight” rating for the company in a research note on Monday, July 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Allegiant Travel currently has a consensus rating of “Hold” and an average price target of $62.13.
Check Out Our Latest Analysis on Allegiant Travel
Insider Buying and Selling
In related news, EVP Robert Paul Wilson III sold 4,600 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $54.00, for a total transaction of $248,400.00. Following the transaction, the executive vice president now directly owns 75,698 shares in the company, valued at $4,087,692. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CMO Scott Wayne Deangelo sold 19,687 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $53.68, for a total value of $1,056,798.16. Following the transaction, the chief marketing officer now directly owns 64,812 shares in the company, valued at approximately $3,479,108.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Robert Paul Wilson III sold 4,600 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $54.00, for a total value of $248,400.00. Following the completion of the transaction, the executive vice president now owns 75,698 shares in the company, valued at $4,087,692. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,037 shares of company stock worth $1,395,948. 17.50% of the stock is owned by company insiders.
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.
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