Allegiant Travel (NASDAQ:ALGT – Free Report) – Equities research analysts at Zacks Research reduced their Q1 2025 earnings per share estimates for shares of Allegiant Travel in a report issued on Monday, July 22nd. Zacks Research analyst M. Basu now expects that the transportation company will post earnings of $1.58 per share for the quarter, down from their prior estimate of $1.64. The consensus estimate for Allegiant Travel’s current full-year earnings is $3.36 per share.
ALGT has been the subject of several other research reports. Susquehanna decreased their price objective on shares of Allegiant Travel from $60.00 to $55.00 and set a “neutral” rating for the company in a research note on Tuesday, July 16th. Evercore ISI dropped their price objective on Allegiant Travel from $85.00 to $60.00 and set an “in-line” rating for the company in a report on Monday, July 15th. TD Cowen reduced their target price on Allegiant Travel from $60.00 to $39.00 and set a “hold” rating on the stock in a research note on Wednesday, July 17th. Morgan Stanley lowered their target price on shares of 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. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Allegiant Travel from a “buy” rating to a “hold” rating and reduced their price target for the stock from $75.00 to $53.00 in a research note on Monday, July 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Allegiant Travel has a consensus rating of “Hold” and an average price target of $62.13.
Read Our Latest Stock Analysis on Allegiant Travel
Allegiant Travel Price Performance
ALGT stock opened at $49.27 on Wednesday. The stock has a market cap of $898.19 million, a PE ratio of 15.59, a P/E/G ratio of 1.80 and a beta of 1.66. Allegiant Travel has a 12 month low of $43.91 and a 12 month high of $129.49. The company has a 50-day moving average price of $50.79 and a 200 day moving average price of $63.39. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 1.35.
Allegiant Travel (NASDAQ:ALGT – Get Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The transportation company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. Allegiant Travel had a return on equity of 0.50% and a net margin of 2.26%. The company had revenue of $656.70 million during the quarter, compared to the consensus estimate of $645.23 million. During the same period last year, the company earned $3.04 earnings per share. Allegiant Travel’s revenue was up 1.1% on a year-over-year basis.
Allegiant Travel Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date of this dividend was Tuesday, May 14th. Allegiant Travel’s dividend payout ratio (DPR) is 75.95%.
Insider Activity
In other news, CMO Scott Wayne Deangelo sold 19,687 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $53.68, for a total transaction of $1,056,798.16. Following the transaction, the chief marketing officer now directly owns 64,812 shares in the company, valued at $3,479,108.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Allegiant Travel news, EVP Robert Paul Wilson III sold 4,600 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were 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 directly owns 75,698 shares in the company, valued at $4,087,692. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Scott Wayne Deangelo sold 19,687 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $53.68, for a total transaction of $1,056,798.16. Following the completion of the sale, the chief marketing officer now owns 64,812 shares in the company, valued at $3,479,108.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,037 shares of company stock worth $1,395,948. 17.50% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Allegiant Travel
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in shares of Allegiant Travel during the fourth quarter worth $141,350,000. Donald Smith & CO. Inc. increased its position in shares of Allegiant Travel by 106.7% in the 1st quarter. Donald Smith & CO. Inc. now owns 309,781 shares of the transportation company’s stock valued at $23,299,000 after acquiring an additional 159,892 shares during the period. U S Global Investors Inc. raised its stake in Allegiant Travel by 23.4% in the 4th quarter. U S Global Investors Inc. now owns 647,055 shares of the transportation company’s stock worth $53,453,000 after acquiring an additional 122,844 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Allegiant Travel by 14.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 798,573 shares of the transportation company’s stock worth $65,972,000 after acquiring an additional 98,662 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in Allegiant Travel during the 4th quarter valued at about $7,187,000. Hedge funds and other institutional investors own 85.81% of the company’s stock.
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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