Allegiant Travel (NASDAQ:ALGT - Get Free Report) updated its third quarter 2025 earnings guidance on Monday. The company provided earnings per share guidance of -2.750--1.750 for the period, compared to the consensus earnings per share estimate of -1.233. The company issued revenue guidance of -. Allegiant Travel also updated its FY 2015 guidance to 2.250- EPS.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on ALGT. TD Cowen increased their price objective on shares of Allegiant Travel from $35.00 to $50.00 and gave the company a "hold" rating in a report on Monday, May 12th. Raymond James Financial reaffirmed a "strong-buy" rating and set a $80.00 target price (down from $90.00) on shares of Allegiant Travel in a report on Wednesday, May 7th. Susquehanna reissued a "neutral" rating and issued a $50.00 price target (up from $45.00) on shares of Allegiant Travel in a report on Tuesday. Bank of America lowered their price objective on shares of Allegiant Travel from $50.00 to $45.00 and set an "underperform" rating on the stock in a research note on Tuesday, July 8th. Finally, Barclays cut their target price on shares of Allegiant Travel from $60.00 to $52.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $64.33.
Check Out Our Latest Report on Allegiant Travel
Allegiant Travel Stock Down 0.4%
NASDAQ:ALGT traded down $0.19 on Friday, hitting $49.29. 112,414 shares of the company's stock traded hands, compared to its average volume of 443,317. The company has a market cap of $899.54 million, a PE ratio of -3.09, a price-to-earnings-growth ratio of 0.46 and a beta of 1.72. Allegiant Travel has a 1 year low of $36.08 and a 1 year high of $107.57. The company has a current ratio of 0.90, a quick ratio of 0.87 and a debt-to-equity ratio of 1.57. The firm has a 50-day moving average price of $53.64 and a 200-day moving average price of $60.26.
Allegiant Travel (NASDAQ:ALGT - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.40. The business had revenue of $689.40 million during the quarter, compared to analyst estimates of $685.58 million. Allegiant Travel had a positive return on equity of 4.88% and a negative net margin of 11.10%. The firm's revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.75 EPS. Equities analysts anticipate that Allegiant Travel will post 7.7 EPS for the current fiscal year.
Institutional Trading of Allegiant Travel
An institutional investor recently raised its position in Allegiant Travel stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Allegiant Travel Company (NASDAQ:ALGT - Free Report) by 4.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,202 shares of the transportation company's stock after acquiring an additional 394 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.05% of Allegiant Travel worth $475,000 at the end of the most recent quarter. 85.81% of the stock is currently owned by institutional investors.
Allegiant Travel Company Profile
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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.
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