Allegiant Travel Company (NASDAQ:ALGT - Free Report) - Analysts at Seaport Res Ptn cut their Q3 2025 earnings estimates for shares of Allegiant Travel in a note issued to investors on Thursday, July 10th. Seaport Res Ptn analyst D. Mckenzie now forecasts that the transportation company will post earnings of ($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 posted its quarterly earnings data on Tuesday, May 6th. The transportation company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.27. Allegiant Travel had a negative net margin of 8.11% and a positive return on equity of 5.46%. The firm had revenue of $699.07 million during the quarter, compared to analysts' expectations of $700.00 million. During the same quarter in the previous year, the company posted $0.57 EPS. Allegiant Travel's revenue was up 6.5% on a year-over-year basis.
A number of other analysts have also commented on ALGT. Barclays lowered their target price on shares of Allegiant Travel from $60.00 to $52.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. Morgan Stanley decreased their price target on shares of Allegiant Travel from $85.00 to $83.00 and set an "equal weight" rating for the company in a report on Monday, July 7th. TD Cowen boosted their price target on shares of Allegiant Travel from $35.00 to $50.00 and gave the company a "hold" rating in a report on Monday, May 12th. Bank of America decreased their price target on shares of Allegiant Travel from $50.00 to $45.00 and set an "underperform" rating for the company in a report on Tuesday, July 8th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating and issued a $80.00 target price (down from $90.00) on shares of Allegiant Travel in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $65.11.
View Our Latest Report on Allegiant Travel
Allegiant Travel Trading Down 0.7%
ALGT stock traded down $0.37 during trading on Monday, hitting $52.09. The company had a trading volume of 230,272 shares, compared to its average volume of 425,295. The firm has a 50-day moving average price of $55.00 and a 200-day moving average price of $65.58. The company has a quick ratio of 0.87, a current ratio of 0.90 and a debt-to-equity ratio of 1.57. Allegiant Travel has a 12 month low of $36.09 and a 12 month high of $107.57. The stock has a market cap of $950.64 million, a price-to-earnings ratio of -4.50, a PEG ratio of 0.45 and a beta of 1.71.
Institutional Investors Weigh In On Allegiant Travel
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its position in Allegiant Travel by 58.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,108 shares of the transportation company's stock worth $61,000 after buying an additional 407 shares in the last quarter. Voya Investment Management LLC lifted its position in Allegiant Travel by 112.3% during the 1st quarter. Voya Investment Management LLC now owns 9,870 shares of the transportation company's stock worth $510,000 after buying an additional 5,222 shares in the last quarter. Inspire Investing LLC lifted its position in Allegiant Travel by 56.4% during the 1st quarter. Inspire Investing LLC now owns 6,694 shares of the transportation company's stock worth $346,000 after buying an additional 2,415 shares in the last quarter. Strs Ohio bought a new stake in Allegiant Travel during the 1st quarter worth about $589,000. Finally, Intech Investment Management LLC lifted its position in Allegiant Travel by 798.5% during the 1st quarter. Intech Investment Management LLC now owns 58,494 shares of the transportation company's stock worth $3,021,000 after buying an additional 51,984 shares in the last quarter. 85.81% of the stock is owned by institutional investors.
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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