Allegiant Travel (NASDAQ:ALGT - Free Report) - Zacks Research lowered their Q2 2025 earnings per share estimates for Allegiant Travel in a research note issued on Tuesday, May 20th. Zacks Research analyst R. Department now expects that the transportation company will post earnings per share of $1.00 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 equities research analysts have also recently issued reports on the company. TD Cowen raised their target price on Allegiant Travel from $35.00 to $50.00 and gave the company a "hold" rating in a research note on Monday, May 12th. Raymond James reaffirmed 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. Morgan Stanley reduced their target price on shares of Allegiant Travel from $93.00 to $85.00 and set an "equal weight" rating for the company in a research note on Monday, May 19th. Susquehanna dropped their price target on shares of Allegiant Travel from $95.00 to $50.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Finally, UBS Group lifted their price target on Allegiant Travel from $45.00 to $60.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a strong buy rating to the company. According to MarketBeat, Allegiant Travel has a consensus rating of "Hold" and a consensus target price of $63.70.
Read Our Latest Stock Report on ALGT
Allegiant Travel Stock Performance
Shares of NASDAQ ALGT traded up $3.55 during mid-day trading on Friday, hitting $55.89. The company had a trading volume of 351,354 shares, compared to its average volume of 430,877. 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 $1.02 billion, a price-to-earnings ratio of -4.18 and a beta of 1.78. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.75 and a quick ratio of 0.72. The firm's 50 day simple moving average is $50.14 and its two-hundred day simple moving average is $72.11.
Allegiant Travel (NASDAQ:ALGT - Get Free Report) last issued its earnings results on Tuesday, May 6th. The transportation company reported $1.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.54 by $0.27. Allegiant Travel had a negative net margin of 9.56% and a positive return on equity of 3.33%. The firm had revenue of $699.07 million for the quarter, compared to analysts' expectations of $700.00 million. During the same quarter last year, the company posted $0.57 earnings per share. Allegiant Travel's revenue was up 6.5% on a year-over-year basis.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC raised its holdings in Allegiant Travel by 1,614.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 9,017 shares of the transportation company's stock worth $849,000 after purchasing an additional 8,491 shares in the last quarter. Crews Bank & Trust bought a new stake in shares of Allegiant Travel in the 4th quarter worth $25,000. Empowered Funds LLC lifted its holdings in shares of Allegiant Travel by 5.0% in the fourth quarter. Empowered Funds LLC now owns 84,748 shares of the transportation company's stock valued at $7,976,000 after buying an additional 4,053 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Allegiant Travel by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 70,588 shares of the transportation company's stock valued at $6,644,000 after buying an additional 2,133 shares during the period. Finally, Mutual of America Capital Management LLC bought a new position in Allegiant Travel during the fourth quarter valued at about $207,000. 85.81% of the stock is currently 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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