Seaport Res Ptn Has Pessimistic Outlook of ALGT Q2 Earnings

Allegiant Travel (NASDAQ:ALGT - Free Report) - Equities research analysts at Seaport Res Ptn dropped their Q2 2025 earnings estimates for Allegiant Travel in a research report issued on Wednesday, May 7th. Seaport Res Ptn analyst D. Mckenzie now anticipates that the transportation company will post earnings per share of $0.90 for the quarter, down from their previous estimate of $1.90. 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 Q3 2025 earnings at ($0.75) EPS, Q4 2025 earnings at $2.50 EPS, FY2025 earnings at $4.50 EPS and FY2027 earnings at $11.00 EPS.

Other research analysts have also issued research reports about the stock. TD Cowen increased their target price on shares of Allegiant Travel from $35.00 to $50.00 and gave the stock a "hold" rating in a research note on Monday. The Goldman Sachs Group lifted their price objective on shares of Allegiant Travel from $83.00 to $92.00 and gave the company a "neutral" rating in a report on Tuesday, January 14th. Raymond James restated a "strong-buy" rating and issued a $80.00 price objective (down previously from $90.00) on shares of Allegiant Travel in a report on Wednesday, May 7th. Bank of America dropped their price objective on shares of Allegiant Travel from $95.00 to $50.00 and set an "underperform" rating for the company in a report on Thursday, April 3rd. Finally, Susquehanna dropped their price objective on shares of Allegiant Travel from $95.00 to $50.00 and set a "neutral" rating for the company in a report on Monday, April 7th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $63.20.

Allegiant Travel Trading Up 9.0%

ALGT stock traded up $4.90 during mid-day trading on Friday, hitting $59.35. 585,602 shares of the company were exchanged, compared to its average volume of 428,447. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $1.08 billion, a P/E ratio of -4.44 and a beta of 1.78. The business has a fifty day simple moving average of $50.44 and a 200-day simple moving average of $72.95. Allegiant Travel has a 12-month low of $36.09 and a 12-month high of $107.57.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last announced its earnings results 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. The company had revenue of $699.07 million during the quarter, compared to analyst estimates of $700.00 million. Allegiant Travel had a negative net margin of 9.56% and a positive return on equity of 3.33%. Allegiant Travel's revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.57 earnings per share.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Sector Pension Investment Board grew its holdings in Allegiant Travel by 27.2% during the 1st quarter. Public Sector Pension Investment Board now owns 46,137 shares of the transportation company's stock worth $2,383,000 after acquiring an additional 9,872 shares in the last quarter. Donald Smith & CO. Inc. lifted its position in shares of Allegiant Travel by 32.6% during the 1st quarter. Donald Smith & CO. Inc. now owns 1,350,447 shares of the transportation company's stock worth $69,751,000 after buying an additional 331,998 shares during the last quarter. Aigen Investment Management LP purchased a new stake in shares of Allegiant Travel during the 1st quarter worth approximately $317,000. Invesco Ltd. lifted its position in shares of Allegiant Travel by 22.1% during the 1st quarter. Invesco Ltd. now owns 116,737 shares of the transportation company's stock worth $6,029,000 after buying an additional 21,094 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Allegiant Travel by 10.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 337,120 shares of the transportation company's stock worth $17,412,000 after buying an additional 32,478 shares during the last quarter. 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.