Allegiant Travel (NASDAQ:ALGT) Issues FY 2015 Earnings Guidance

Key Points

• Allegiant Travel has updated its FY 2015 earnings guidance, projecting earnings per share (EPS) of 2.250 and revenue guidance of -.
• Analysts have varied opinions on Allegiant Travel, with a majority rating it as a hold, while Raymond James reaffirmed a "strong-buy" rating with a revised target price of $80.00.
• The company's stock is currently priced at $48.59, with a recent trading volume exceeding its average and marked by a 52-week range of $36.08 to $107.57.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) updated its FY 2015 earnings guidance on Monday morning. The company provided earnings per share guidance of 2.250- for the period. The company issued revenue guidance of -. Allegiant Travel also updated its Q3 2025 guidance to -2.750--1.750 EPS.

Allegiant Travel Trading Down 0.4%

Shares of Allegiant Travel stock traded down $0.19 during trading hours on Friday, reaching $49.29. 112,414 shares of the company's stock were exchanged, compared to its average volume of 443,317. The company has a fifty day moving average of $53.64 and a 200-day moving average of $60.26. The company has a current ratio of 0.90, a quick ratio of 0.87 and a debt-to-equity ratio of 1.57. Allegiant Travel has a 52-week low of $36.08 and a 52-week high of $107.57. The firm has a market capitalization of $899.54 million, a price-to-earnings ratio of -3.09, a price-to-earnings-growth ratio of 0.46 and a beta of 1.72.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last released its earnings results on Monday, August 4th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.40. Allegiant Travel had a negative net margin of 11.10% and a positive return on equity of 4.88%. The business had revenue of $689.40 million for the quarter, compared to analysts' expectations of $685.58 million. During the same period last year, the company earned $0.75 earnings per share. The company's quarterly revenue was up 3.5% on a year-over-year basis. Sell-side analysts forecast that Allegiant Travel will post 7.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ALGT. Evercore ISI upgraded Allegiant Travel from an "in-line" rating to an "outperform" rating and set a $75.00 target price for the company in a report on Tuesday, July 1st. Morgan Stanley decreased their price target on shares of Allegiant Travel from $85.00 to $83.00 and set an "equal weight" rating for the company in a research report on Monday, July 7th. Raymond James Financial reiterated 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. TD Cowen lifted their price objective on shares of Allegiant Travel from $35.00 to $50.00 and gave the company a "hold" rating in a research note on Monday, May 12th. Finally, Susquehanna reaffirmed a "neutral" rating and set a $50.00 price target (up previously from $45.00) on shares of Allegiant Travel in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $64.33.

Hedge Funds Weigh In On Allegiant Travel

A hedge fund recently raised its stake in Allegiant Travel stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Allegiant Travel Company (NASDAQ:ALGT - Free Report) by 4.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 approximately 0.05% of Allegiant Travel worth $475,000 at the end of the most recent reporting period. 85.81% of the stock is owned by institutional investors and hedge funds.

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.