Allegiant Travel (NASDAQ:ALGT) Releases Q4 Earnings Guidance

Allegiant Travel (NASDAQ:ALGT) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided EPS guidance of $1.75-2.25 for the period, compared to the consensus EPS estimate of $0.66.

Wall Street Analyst Weigh In

A number of research firms have commented on ALGT. Wolfe Research cut Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th. Morgan Stanley increased their price objective on shares of Allegiant Travel from $80.00 to $90.00 and gave the company an “equal weight” rating in a research report on Wednesday. TD Cowen boosted their target price on shares of Allegiant Travel from $42.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. The Goldman Sachs Group restated a “neutral” rating and set a $83.00 price target on shares of Allegiant Travel in a research note on Friday, November 15th. Finally, Susquehanna lifted their price objective on shares of Allegiant Travel from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $65.78.

Allegiant Travel Stock Performance

Shares of ALGT stock opened at $87.34 on Friday. Allegiant Travel has a 52 week low of $36.08 and a 52 week high of $94.45. The firm has a 50 day moving average of $70.67 and a two-hundred day moving average of $55.40. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.75 and a quick ratio of 0.72.

Insider Transactions at Allegiant Travel

In other Allegiant Travel news, 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 value of $28,269.50. Following the completion of the sale, the director now owns 11,650 shares in the company, valued at approximately $940,970.50. The trade was a 2.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Keny Frank Wilper sold 635 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $62.69, for a total transaction of $39,808.15. Following the sale, the chief operating officer now owns 16,353 shares of the company’s stock, valued at approximately $1,025,169.57. This represents a 3.74 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,600 shares of company stock valued at $2,476,465. 15.80% of the stock is currently owned by corporate 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.