Zacks Research Issues Pessimistic Outlook for ALGT Earnings

Allegiant Travel (NASDAQ:ALGT) – Investment analysts at Zacks Research cut their Q4 2024 EPS estimates for Allegiant Travel in a research report issued on Wednesday, November 13th. Zacks Research analyst R. Department now forecasts that the transportation company will post earnings of $0.77 per share for the quarter, down from their prior estimate 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.

Other equities research analysts have also issued research reports about the stock. Susquehanna boosted their price target on shares of Allegiant Travel from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Wolfe Research lowered shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. TD Cowen increased their price target on shares of Allegiant Travel from $42.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Evercore ISI lifted their price objective on shares of Allegiant Travel from $60.00 to $65.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. Finally, Barclays lifted their target price on Allegiant Travel from $50.00 to $75.00 and gave the stock an “equal weight” rating in a report on Thursday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $68.50.

Allegiant Travel Price Performance

ALGT opened at $76.08 on Friday. The company has a fifty day simple moving average of $57.21 and a 200 day simple moving average of $51.71. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of -50.72, a PEG ratio of 5.92 and a beta of 1.61. Allegiant Travel has a twelve month low of $36.08 and a twelve month high of $85.91. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 1.36.

Institutional Investors Weigh In On Allegiant Travel

A number of institutional investors and hedge funds have recently bought and sold shares of ALGT. Signaturefd LLC boosted its position in shares of Allegiant Travel by 149.2% during the third quarter. Signaturefd LLC now owns 456 shares of the transportation company’s stock valued at $25,000 after buying an additional 273 shares during the period. Nisa Investment Advisors LLC increased its position in shares of 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 purchasing an additional 304 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of Allegiant Travel during the second quarter worth $34,000. 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 purchasing an additional 930 shares in the last quarter. Finally, NBC Securities Inc. increased its position in shares of Allegiant Travel by 2,827.9% in the 3rd quarter. NBC Securities Inc. now owns 1,259 shares of the transportation company’s stock valued at $69,000 after acquiring an additional 1,216 shares during the period. 85.81% of the stock is owned by institutional investors.

Insider Buying and Selling at Allegiant Travel

In other Allegiant Travel news, Director Gary Ellmer sold 1,000 shares of the business’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 transaction, the director now owns 7,490 shares in the company, valued at approximately $337,050. The trade was a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Keny Frank Wilper sold 635 shares of the 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 completion of the transaction, the chief operating officer now directly owns 16,353 shares of the company’s stock, valued at $1,025,169.57. This represents a 3.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,334 shares of company stock worth $117,158 in 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.