Zacks Research Predicts Higher Earnings for Allegiant Travel

Key Points

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Allegiant Travel Company (NASDAQ:ALGT - Free Report) - Equities research analysts at Zacks Research boosted their Q1 2026 earnings estimates for shares of Allegiant Travel in a research report issued on Monday, August 18th. Zacks Research analyst Team now anticipates that the transportation company will post earnings of $1.67 per share for the quarter, up from their previous forecast of $1.61. 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 FY2026 earnings at $5.55 EPS, Q2 2027 earnings at $2.15 EPS and FY2027 earnings at $8.55 EPS.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The transportation company reported $1.23 EPS for the quarter, beating the consensus estimate of $0.83 by $0.40. Allegiant Travel had a negative net margin of 11.10% and a positive return on equity of 5.00%. The business had revenue of $689.40 million for the quarter, compared to analysts' expectations of $685.58 million. During the same period in the previous year, the company posted $0.75 EPS. Allegiant Travel's revenue was up 3.5% on a year-over-year basis. Allegiant Travel has set its FY 2015 guidance at 2.250- EPS. Q3 2025 guidance at -2.750--1.750 EPS.

Several other equities analysts have also weighed in on the stock. Bank of America cut their price objective on shares of Allegiant Travel from $50.00 to $45.00 and set an "underperform" rating on the stock in a research report on Tuesday, July 8th. UBS Group decreased their price target on Allegiant Travel from $59.00 to $52.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. TD Cowen upped their price target on Allegiant Travel from $35.00 to $50.00 and gave the stock a "hold" rating in a research note on Monday, May 12th. Susquehanna reiterated a "neutral" rating and set a $50.00 price target (up previously from $45.00) on shares of Allegiant Travel in a research note on Tuesday, August 5th. Finally, Morgan Stanley decreased their price target on Allegiant Travel from $85.00 to $83.00 and set an "equal weight" rating for the company in a research note on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Allegiant Travel has a consensus rating of "Hold" and a consensus target price of $64.33.

Allegiant Travel Stock Up 8.4%

ALGT traded up $4.70 during midday trading on Tuesday, hitting $60.60. 438,391 shares of the company's stock traded hands, compared to its average volume of 516,512. The company has a market cap of $1.11 billion, a PE ratio of -3.80, a price-to-earnings-growth ratio of 0.55 and a beta of 1.72. The stock's fifty day simple moving average is $53.84 and its 200-day simple moving average is $56.58. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.10 and a quick ratio of 1.07. Allegiant Travel has a one year low of $39.10 and a one year high of $107.57.

Institutional Investors Weigh In On Allegiant Travel

Several hedge funds have recently modified their holdings of the business. State of Wyoming bought a new stake in shares of Allegiant Travel in the second quarter valued at approximately $159,000. Nomura Holdings Inc. bought a new stake in shares of Allegiant Travel in the second quarter valued at approximately $663,000. Apollo Management Holdings L.P. bought a new stake in shares of Allegiant Travel in the second quarter valued at approximately $6,124,000. Caxton Associates LLP boosted its position in shares of Allegiant Travel by 54.7% in the second quarter. Caxton Associates LLP now owns 36,488 shares of the transportation company's stock valued at $2,005,000 after acquiring an additional 12,898 shares during the period. Finally, Public Sector Pension Investment Board boosted its position in shares of Allegiant Travel by 6.9% in the second quarter. Public Sector Pension Investment Board now owns 49,342 shares of the transportation company's stock valued at $2,711,000 after acquiring an additional 3,205 shares during the period. 85.81% of the stock is owned by institutional investors.

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.