Zacks Research Issues Positive Estimate for ALGT Earnings

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Allegiant Travel Company (NASDAQ:ALGT - Free Report) - Equities researchers at Zacks Research boosted their Q1 2026 EPS estimates for shares of Allegiant Travel in a report released on Monday, August 18th. Zacks Research analyst Team now forecasts that the transportation company will post earnings per share of $1.67 for the quarter, up from their previous estimate 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.

Several other equities research analysts have also recently issued reports on ALGT. Susquehanna reaffirmed a "neutral" rating and set a $50.00 price objective (up from $45.00) on shares of Allegiant Travel in a research report on Tuesday, August 5th. UBS Group decreased their price objective on shares of Allegiant Travel from $59.00 to $52.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Morgan Stanley decreased their price objective on shares of Allegiant Travel from $85.00 to $83.00 and set an "equal weight" rating for the company in a research report on Monday, July 7th. Barclays reduced their price target on shares of Allegiant Travel from $60.00 to $52.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. Finally, 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 research report on Monday, May 12th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $64.33.

Allegiant Travel Stock Performance

NASDAQ:ALGT opened at $57.36 on Tuesday. The company has a market cap of $1.05 billion, a price-to-earnings ratio of -3.60, a price-to-earnings-growth ratio of 0.54 and a beta of 1.72. The company has a fifty day simple moving average of $53.60 and a two-hundred day simple moving average of $57.33. Allegiant Travel has a 52 week low of $39.10 and a 52 week high of $107.57. The company has a quick ratio of 1.07, a current ratio of 1.10 and a debt-to-equity ratio of 1.68.

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, topping the consensus estimate of $0.83 by $0.40. The business had revenue of $689.40 million during the quarter, compared to the consensus estimate of $685.58 million. Allegiant Travel had a negative net margin of 11.10% and a positive return on equity of 5.00%. The company's quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.75 earnings per share.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund grew its position in Allegiant Travel by 8.5% during the first quarter. New York State Common Retirement Fund now owns 6,003 shares of the transportation company's stock worth $310,000 after buying an additional 470 shares during the period. New York State Teachers Retirement System grew its position in Allegiant Travel by 8.2% during the first quarter. New York State Teachers Retirement System now owns 18,922 shares of the transportation company's stock worth $977,000 after buying an additional 1,426 shares during the period. SG Americas Securities LLC acquired a new position in Allegiant Travel during the first quarter worth about $597,000. Illinois Municipal Retirement Fund grew its position in Allegiant Travel by 33.8% during the first quarter. Illinois Municipal Retirement Fund now owns 9,826 shares of the transportation company's stock worth $508,000 after buying an additional 2,480 shares during the period. Finally, Russell Investments Group Ltd. grew its position in shares of Allegiant Travel by 1,486.7% in the fourth quarter. Russell Investments Group Ltd. now owns 1,904 shares of the transportation company's stock valued at $179,000 after purchasing an additional 1,784 shares during the last quarter. 85.81% of the stock is currently owned by institutional investors and hedge funds.

About Allegiant Travel

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.