Allegiant Travel (NASDAQ:ALGT - Free Report) - Equities research analysts at Seaport Res Ptn reduced their Q4 2024 earnings per share (EPS) estimates for shares of Allegiant Travel in a report issued on Monday, April 8th. Seaport Res Ptn analyst D. Mckenzie now forecasts that the transportation company will earn $2.50 per share for the quarter, down from their prior forecast of $2.75. The consensus estimate for Allegiant Travel's current full-year earnings is $6.00 per share.
A number of other research firms have also recently weighed in on ALGT. Susquehanna decreased their price target on Allegiant Travel from $76.00 to $65.00 and set a "neutral" rating for the company in a report on Tuesday. TD Cowen increased their target price on Allegiant Travel from $82.00 to $85.00 and gave the company a "market perform" rating in a research note on Tuesday, February 6th. UBS Group began coverage on Allegiant Travel in a research note on Wednesday, March 20th. They set a "sell" rating and a $58.00 target price for the company. Raymond James reduced their target price on Allegiant Travel from $110.00 to $100.00 and set an "outperform" rating for the company in a research note on Tuesday, February 6th. Finally, Barclays reduced their target price on Allegiant Travel from $65.00 to $60.00 and set an "equal weight" rating for the company in a research note on Friday, April 5th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Allegiant Travel has a consensus rating of "Hold" and a consensus target price of $89.75.
View Our Latest Analysis on Allegiant Travel
Allegiant Travel Stock Down 6.0 %
NASDAQ ALGT traded down $3.94 on Wednesday, reaching $62.15. The company had a trading volume of 511,213 shares, compared to its average volume of 256,302. The firm has a market capitalization of $1.14 billion, a PE ratio of 9.83, a P/E/G ratio of 0.88 and a beta of 1.58. Allegiant Travel has a 1 year low of $54.87 and a 1 year high of $130.93. The firm has a 50-day moving average of $73.46 and a 200-day moving average of $73.79. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.83 and a quick ratio of 0.80.
Allegiant Travel (NASDAQ:ALGT - Get Free Report) last released its quarterly earnings results on Monday, February 5th. The transportation company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of ($0.41) by $0.52. The firm had revenue of $611.00 million during the quarter, compared to analysts' expectations of $596.42 million. Allegiant Travel had a return on equity of 3.80% and a net margin of 4.54%. Allegiant Travel's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.17 EPS.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Qube Research & Technologies Ltd acquired a new position in shares of Allegiant Travel in the 3rd quarter valued at $5,364,000. Kennedy Capital Management LLC acquired a new position in shares of Allegiant Travel in the 3rd quarter valued at $1,177,000. Illinois Municipal Retirement Fund acquired a new position in shares of Allegiant Travel in the 3rd quarter valued at $715,000. GSA Capital Partners LLP acquired a new position in shares of Allegiant Travel in the 3rd quarter valued at $1,404,000. Finally, Janney Montgomery Scott LLC boosted its position in Allegiant Travel by 53.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 6,678 shares of the transportation company's stock worth $513,000 after acquiring an additional 2,321 shares during the period. Institutional investors own 85.81% of the company's stock.
Insiders Place Their Bets
In other Allegiant Travel news, Director Gary Ellmer sold 2,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $79.10, for a total value of $158,200.00. Following the sale, the director now directly owns 8,490 shares of the company's stock, valued at $671,559. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 17.50% of the stock is owned by corporate insiders.
Allegiant Travel Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 15th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend was Wednesday, February 14th. Allegiant Travel's dividend payout ratio is presently 37.97%.
About Allegiant Travel
(
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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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