Allegiant Travel (ALGT) to Release Earnings on Tuesday

Allegiant Travel (NASDAQ:ALGT - Get Free Report) is expected to be issuing its Q1 2025 quarterly earnings data after the market closes on Tuesday, May 6th. Analysts expect the company to announce earnings of $1.80 per share and revenue of $700.00 million for the quarter. Allegiant Travel has set its Q1 2025 guidance at 1.500-2.500 EPS.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The transportation company reported $2.10 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $1.62. Allegiant Travel had a positive return on equity of 3.33% and a negative net margin of 9.56%. On average, analysts expect Allegiant Travel to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Allegiant Travel Stock Up 6.8 %

ALGT stock traded up $3.23 during trading on Friday, hitting $50.95. 476,005 shares of the company's stock were exchanged, compared to its average volume of 427,218. The business has a 50-day moving average price of $52.51 and a two-hundred day moving average price of $73.31. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $934.32 million, a price-to-earnings ratio of -3.81 and a beta of 1.57. Allegiant Travel has a 52-week low of $36.09 and a 52-week high of $107.57.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ALGT shares. Morgan Stanley upped their target price on shares of Allegiant Travel from $90.00 to $95.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Barclays dropped their price objective on Allegiant Travel from $100.00 to $60.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Raymond James raised Allegiant Travel from an "outperform" rating to a "strong-buy" rating and reduced their target price for the company from $125.00 to $90.00 in a report on Wednesday, April 2nd. Bank of America dropped their price target on Allegiant Travel from $95.00 to $50.00 and set an "underperform" rating on the stock in a research note on Thursday, April 3rd. Finally, StockNews.com upgraded Allegiant Travel from a "sell" rating to a "hold" rating in a research note on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $67.00.

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.