Zacks Research Predicts Lower Earnings for Allegiant Travel

Allegiant Travel (NASDAQ:ALGT - Free Report) - Investment analysts at Zacks Research decreased their Q1 2025 EPS estimates for Allegiant Travel in a report issued on Thursday, April 24th. Zacks Research analyst R. Department now expects that the transportation company will earn $1.50 per share for the quarter, down from their prior forecast of $1.51. The consensus estimate for Allegiant Travel's current full-year earnings is $7.70 per share. Zacks Research also issued estimates for Allegiant Travel's Q2 2025 earnings at $2.96 EPS, Q3 2025 earnings at $0.16 EPS and FY2027 earnings at $11.27 EPS.

A number of other research firms have also recently issued reports on ALGT. Bank of America decreased their target price on Allegiant Travel from $95.00 to $50.00 and set an "underperform" rating on the stock in a research report on Thursday, April 3rd. Susquehanna lowered their price objective on shares of Allegiant Travel from $95.00 to $50.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Raymond James upgraded shares of Allegiant Travel from an "outperform" rating to a "strong-buy" rating and cut their target price for the company from $125.00 to $90.00 in a research report on Wednesday, April 2nd. Barclays lowered their target price on Allegiant Travel from $100.00 to $60.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Finally, StockNews.com raised shares of Allegiant Travel from a "sell" rating to a "hold" rating in a research note on Wednesday, January 15th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Allegiant Travel has an average rating of "Hold" and an average price target of $67.00.

Allegiant Travel Price Performance

Shares of ALGT traded up $2.81 during midday trading on Monday, hitting $50.53. The company's stock had a trading volume of 62,429 shares, compared to its average volume of 424,721. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 1.36. Allegiant Travel has a one year low of $36.09 and a one year high of $107.57. The stock has a market capitalization of $926.62 million, a price-to-earnings ratio of -3.77 and a beta of 1.57. The company's fifty day simple moving average is $53.04 and its two-hundred day simple moving average is $73.29.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $1.62. Allegiant Travel had a negative net margin of 9.56% and a positive return on equity of 3.33%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. lifted its position in shares of Allegiant Travel by 2.5% during the 4th quarter. Donald Smith & CO. Inc. now owns 1,018,449 shares of the transportation company's stock worth $95,856,000 after buying an additional 24,975 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in Allegiant Travel by 16.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 928,641 shares of the transportation company's stock worth $87,404,000 after acquiring an additional 131,561 shares during the period. Dimensional Fund Advisors LP boosted its position in Allegiant Travel by 8.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 748,216 shares of the transportation company's stock worth $70,421,000 after purchasing an additional 57,737 shares during the last quarter. Franklin Resources Inc. grew its stake in Allegiant Travel by 2.5% in the 3rd quarter. Franklin Resources Inc. now owns 600,211 shares of the transportation company's stock valued at $34,584,000 after purchasing an additional 14,852 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Allegiant Travel by 14.8% during the 4th quarter. American Century Companies Inc. now owns 564,326 shares of the transportation company's stock valued at $53,114,000 after purchasing an additional 72,759 shares during the last quarter. 85.81% of the stock is currently owned by hedge funds and other institutional investors.

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.