Zacks Research Expects Weaker Earnings for Allegiant Travel

Allegiant Travel (NASDAQ:ALGT - Free Report) - Equities researchers at Zacks Research cut their Q2 2025 earnings estimates for Allegiant Travel in a research note issued to investors on Tuesday, May 20th. Zacks Research analyst R. Department now expects that the transportation company will post earnings of $1.00 per share for the quarter, down from their prior estimate of $2.96. 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 Q3 2025 earnings at ($1.41) EPS, Q4 2025 earnings at $1.77 EPS, FY2025 earnings at $3.17 EPS, Q2 2026 earnings at $0.81 EPS, Q3 2026 earnings at $0.85 EPS, Q4 2026 earnings at $2.38 EPS, FY2026 earnings at $5.65 EPS, Q1 2027 earnings at $0.59 EPS and FY2027 earnings at $9.20 EPS.

A number of other research analysts have also commented on ALGT. TD Cowen upped their price target on shares of Allegiant Travel from $35.00 to $50.00 and gave the company a "hold" rating in a research note on Monday, May 12th. Morgan Stanley dropped their price target on Allegiant Travel from $93.00 to $85.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. Barclays decreased their price objective on Allegiant Travel from $60.00 to $52.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Bank of America lowered their price objective 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. Finally, UBS Group upped their price target on shares of Allegiant Travel from $45.00 to $60.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $63.70.

Allegiant Travel Stock Performance

Shares of NASDAQ:ALGT traded up $0.39 on Friday, hitting $56.28. The company had a trading volume of 184,740 shares, compared to its average volume of 429,946. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of -4.21 and a beta of 1.78. The stock has a 50 day moving average price of $50.20 and a 200 day moving average price of $71.99. Allegiant Travel has a 1-year low of $36.09 and a 1-year high of $107.57. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 1.36.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last issued its earnings results on Tuesday, May 6th. The transportation company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.54 by $0.27. Allegiant Travel had a positive return on equity of 3.33% and a negative net margin of 9.56%. The company had revenue of $699.07 million during the quarter, compared to the consensus estimate of $700.00 million. During the same period in the previous year, the company posted $0.57 EPS. The firm's revenue for the quarter was up 6.5% compared to the same quarter last year.

Hedge Funds Weigh In On Allegiant Travel

Several institutional investors and hedge funds have recently added to or reduced their stakes in ALGT. Nisa Investment Advisors LLC increased its stake in shares of Allegiant Travel by 1,614.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 9,017 shares of the transportation company's stock valued at $849,000 after buying an additional 8,491 shares during the period. Russell Investments Group Ltd. grew its holdings in Allegiant Travel by 1,486.7% during the 4th quarter. Russell Investments Group Ltd. now owns 1,904 shares of the transportation company's stock worth $179,000 after acquiring an additional 1,784 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Allegiant Travel by 18.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 304,642 shares of the transportation company's stock valued at $28,673,000 after acquiring an additional 47,186 shares during the period. US Bancorp DE raised its stake in shares of Allegiant Travel by 575.4% during the fourth quarter. US Bancorp DE now owns 5,025 shares of the transportation company's stock valued at $473,000 after acquiring an additional 4,281 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Allegiant Travel in the fourth quarter worth $383,000. Institutional investors 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.