Allegiant Travel (NASDAQ:ALGT) Updates 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) issued an update on its FY 2015 earnings guidance on Monday morning. The company provided EPS 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 Stock Up 0.2%

Allegiant Travel stock traded up $0.08 during midday trading on Wednesday, hitting $48.95. 369,957 shares of the company's stock were exchanged, compared to its average volume of 443,901. Allegiant Travel has a 12 month low of $36.08 and a 12 month high of $107.57. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.87 and a current ratio of 0.90. The company has a market cap of $893.25 million, a PE ratio of -3.08, a P/E/G ratio of 0.40 and a beta of 1.72. The firm has a 50-day moving average of $53.89 and a two-hundred day moving average of $60.70.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last posted its earnings results on Monday, August 4th. The transportation company reported $1.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.40. The company 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%. Allegiant Travel's revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.75 earnings per share. As a group, analysts expect that Allegiant Travel will post 7.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on ALGT. UBS Group decreased their price target on shares of Allegiant Travel from $59.00 to $52.00 and set a "neutral" rating for the company in a research report on Wednesday. Morgan Stanley decreased their target price 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. TD Cowen lifted their price target on shares of Allegiant Travel from $35.00 to $50.00 and gave the stock a "hold" rating in a report on Monday, May 12th. Barclays reduced their price target on Allegiant Travel from $60.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Finally, Raymond James Financial reissued a "strong-buy" rating and issued a $80.00 price objective (down previously from $90.00) on shares of Allegiant Travel in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $64.33.

Hedge Funds Weigh In On Allegiant Travel

An institutional investor recently raised its position in Allegiant Travel stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Allegiant Travel Company (NASDAQ:ALGT - Free Report) by 4.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,202 shares of the transportation company's stock after purchasing 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 quarter. Hedge funds and other institutional investors own 85.81% of the company's stock.

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.