Seaport Res Ptn Brokers Decrease Earnings Estimates for ALGT

Allegiant Travel Company (NASDAQ:ALGT - Free Report) - Research analysts at Seaport Res Ptn decreased their Q3 2025 earnings estimates for shares of Allegiant Travel in a research report issued on Thursday, July 10th. Seaport Res Ptn analyst D. Mckenzie now anticipates that the transportation company will earn ($2.50) per share for the quarter, down from their previous forecast of ($1.25). The consensus estimate for Allegiant Travel's current full-year earnings is $7.70 per share. Seaport Res Ptn also issued estimates for Allegiant Travel's FY2025 earnings at $2.75 EPS.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The transportation company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.27. The firm had revenue of $699.07 million for the quarter, compared to analysts' expectations of $700.00 million. Allegiant Travel had a negative net margin of 8.11% and a positive return on equity of 5.46%. The business's revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.57 EPS.

Several other analysts have also issued reports on ALGT. TD Cowen increased their price target on shares of Allegiant Travel from $35.00 to $50.00 and gave the stock a "hold" rating in a research report on Monday, May 12th. Barclays reduced their price target on shares of 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. Raymond James Financial reiterated a "strong-buy" rating and set a $80.00 price target (down previously from $90.00) on shares of Allegiant Travel in a research report on Wednesday, May 7th. Morgan Stanley reduced their price target on shares of Allegiant Travel from $85.00 to $83.00 and set an "equal weight" rating on the stock in a research report on Monday, July 7th. Finally, Evercore ISI upgraded shares of Allegiant Travel from an "in-line" rating to an "outperform" rating and set a $75.00 price target on the stock in a research report on Tuesday, July 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $65.11.

Allegiant Travel Stock Performance

Shares of ALGT traded down $0.21 during mid-day trading on Monday, hitting $52.30. 413,436 shares of the company's stock were exchanged, compared to its average volume of 426,534. Allegiant Travel has a 52 week low of $36.09 and a 52 week high of $107.57. The stock's 50-day simple moving average is $54.98 and its 200-day simple moving average is $65.22. The firm has a market cap of $954.48 million, a price-to-earnings ratio of -4.52, a price-to-earnings-growth ratio of 0.43 and a beta of 1.71. The company has a quick ratio of 0.87, a current ratio of 0.90 and a debt-to-equity ratio of 1.57.

Institutional Trading of Allegiant Travel

Hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp boosted its position in Allegiant Travel by 94.5% in the fourth quarter. Jones Financial Companies Lllp now owns 459 shares of the transportation company's stock valued at $43,000 after buying an additional 223 shares in the last quarter. Sterling Capital Management LLC boosted its position in Allegiant Travel by 803.6% in the fourth quarter. Sterling Capital Management LLC now owns 497 shares of the transportation company's stock valued at $47,000 after buying an additional 442 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Allegiant Travel by 489.1% in the first quarter. Farther Finance Advisors LLC now owns 542 shares of the transportation company's stock valued at $28,000 after buying an additional 450 shares in the last quarter. Signaturefd LLC boosted its position in Allegiant Travel by 30.3% in the fourth quarter. Signaturefd LLC now owns 594 shares of the transportation company's stock valued at $56,000 after buying an additional 138 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Allegiant Travel in the fourth quarter valued at approximately $75,000. Institutional investors and hedge funds 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.