Allegiant Travel (ALGT) to Release Quarterly Earnings on Tuesday

Allegiant Travel (NASDAQ:ALGT) is anticipated to post its quarterly earnings results after the market closes on Tuesday, February 4th. Analysts expect Allegiant Travel to post earnings of $0.48 per share and revenue of $628.71 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Allegiant Travel Stock Performance

NASDAQ:ALGT opened at $102.43 on Monday. The company has a fifty day simple moving average of $92.11 and a two-hundred day simple moving average of $66.86. The company has a market cap of $1.88 billion, a price-to-earnings ratio of -68.29, a price-to-earnings-growth ratio of 1.37 and a beta of 1.62. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 1.36. Allegiant Travel has a 52 week low of $36.08 and a 52 week high of $107.57.

Insider Buying and Selling

In other news, Chairman Maurice J. Gallagher, Jr. sold 28,319 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $84.46, for a total value of $2,391,822.74. Following the completion of the sale, the chairman now directly owns 2,147,730 shares of the company’s stock, valued at approximately $181,397,275.80. This represents a 1.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sandra Douglass Morgan sold 350 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 11,650 shares in the company, valued at $940,970.50. The trade was a 2.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Raymond James boosted their price target 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. UBS Group started coverage on shares of Allegiant Travel in a research note on Tuesday, November 26th. They issued a “neutral” rating and a $16.00 price target for the company. Morgan Stanley boosted their target price on shares of Allegiant Travel from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 11th. StockNews.com upgraded shares of Allegiant Travel from a “sell” rating to a “hold” rating in a research note on Wednesday, January 15th. Finally, Bank of America boosted their target price on shares of Allegiant Travel from $54.00 to $95.00 and gave the stock an “underperform” rating in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $79.60.

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.