Allegiant Travel (NASDAQ:ALGT) Updates Q1 2025 Earnings Guidance

Allegiant Travel (NASDAQ:ALGT) issued an update on its first quarter 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 1.500-2.500 for the period, compared to the consensus earnings per share estimate of 2.160. The company issued revenue guidance of -.

Allegiant Travel Stock Performance

Shares of ALGT traded up $4.91 during mid-day trading on Thursday, reaching $88.84. The company’s stock had a trading volume of 382,860 shares, compared to its average volume of 345,774. The business has a 50-day simple moving average of $92.81 and a two-hundred day simple moving average of $67.68. Allegiant Travel has a 1-year low of $36.08 and a 1-year high of $107.57. The stock has a market cap of $1.63 billion, a P/E ratio of -59.23, a PEG ratio of 1.36 and a beta of 1.63. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 1.36.

Allegiant Travel (NASDAQ:ALGT) last posted its earnings results on Tuesday, February 4th. The transportation company reported $2.10 EPS for the quarter, beating the consensus estimate of $0.48 by $1.62. Allegiant Travel had a positive return on equity of 0.63% and a negative net margin of 1.04%. As a group, equities research analysts anticipate that Allegiant Travel will post 2.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wolfe Research cut Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th. The Goldman Sachs Group upped their target price on Allegiant Travel from $83.00 to $92.00 and gave the company a “neutral” rating in a research report on Tuesday, January 14th. Raymond James raised their price target on Allegiant Travel from $75.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, December 30th. UBS Group started coverage on shares of Allegiant Travel in a research report on Tuesday, November 26th. They set a “neutral” rating and a $16.00 price objective for the company. Finally, Bank of America raised their target price on shares of Allegiant Travel from $54.00 to $95.00 and gave the company an “underperform” rating in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $80.10.

Insider Activity

In other news, Chairman Maurice J. Gallagher, Jr. sold 28,319 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $84.46, for a total transaction of $2,391,822.74. Following the completion of the transaction, the chairman now directly owns 2,147,730 shares in the company, valued at $181,397,275.80. This trade represents a 1.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sandra Douglass Morgan sold 350 shares of Allegiant Travel 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 transaction, the director now directly owns 11,650 shares in the company, valued at approximately $940,970.50. This represents 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 owned by corporate 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.