Allegiant Travel (ALGT) Scheduled to Post Earnings on Tuesday

Allegiant Travel (NASDAQ:ALGT - Get Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect Allegiant Travel to post earnings of $0.84 per share for the quarter. Allegiant Travel has set its Q1 2024 guidance at 0.500-1.500 EPS.Individual that wish to register for the company's earnings conference call can do so using this link.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last announced its quarterly earnings data on Monday, February 5th. The transportation company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.41) by $0.52. Allegiant Travel had a net margin of 4.54% and a return on equity of 3.80%. The business had revenue of $611.00 million during the quarter, compared to analysts' expectations of $596.42 million. During the same period in the previous year, the business posted $3.17 EPS. The business's quarterly revenue was down .1% compared to the same quarter last year. On average, analysts expect Allegiant Travel to post $5 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Allegiant Travel Stock Performance

NASDAQ ALGT traded down $0.88 on Wednesday, hitting $53.68. 434,311 shares of the company's stock traded hands, compared to its average volume of 266,646. The company has a current ratio of 0.83, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $981.59 million, a PE ratio of 8.49, a P/E/G ratio of 0.98 and a beta of 1.58. The firm's 50-day moving average price is $68.12 and its two-hundred day moving average price is $72.24. Allegiant Travel has a 1-year low of $52.38 and a 1-year high of $130.93.

Allegiant Travel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, February 15th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 4.47%. The ex-dividend date was Wednesday, February 14th. Allegiant Travel's dividend payout ratio (DPR) is 37.97%.

Insiders Place Their Bets

In other Allegiant Travel news, Director Gary Ellmer sold 2,000 shares of Allegiant Travel stock in a transaction on Monday, February 12th. The shares were sold at an average price of $79.10, for a total transaction of $158,200.00. Following the sale, the director now owns 8,490 shares of the company's stock, valued at approximately $671,559. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 17.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ALGT shares. Susquehanna cut their target price on shares of Allegiant Travel from $76.00 to $65.00 and set a "neutral" rating for the company in a report on Tuesday, April 9th. TD Cowen lifted their target price on shares of Allegiant Travel from $82.00 to $85.00 and gave the company a "market perform" rating in a report on Tuesday, February 6th. UBS Group started coverage on shares of Allegiant Travel in a report on Wednesday, March 20th. They set a "sell" rating and a $58.00 target price for the company. Barclays cut their price target on shares of Allegiant Travel from $65.00 to $60.00 and set an "equal weight" rating for the company in a report on Friday, April 5th. Finally, Raymond James cut their price target on shares of Allegiant Travel from $110.00 to $100.00 and set an "outperform" rating for the company in a report on Tuesday, February 6th. Three analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $89.75.

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.