Allegiant Travel Company, a leisure travel company, focuses on the provision of 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 May 23, 2018, it operated a fleet of 99 Airbus aircraft. The company also provides air-related services and products in conjunction with air transportation, including convenience fees, baggage fees, advance seat assignments, travel protection products, change fees, priority boarding, food and beverage purchases on board, and other air-related services, as well as use of its call center for purchases. In addition, it offers third party travel products, such as hotel rooms, ground transportation, and attractions; and air transportation services through fixed fee agreements and charter service on a year-round and ad-hoc basis. Further, the company offers leases spare engines to a third party; and offers management solutions to golf courses. Allegiant Travel Company was founded in 1997 and is based in Las Vegas, Nevada.
Industry, Sector and Symbol
Industry Air transportation, scheduled
Sub-IndustryAirlines
SectorTransportation
Phone702-851-7300
Debt
Current Ratio0.53
Quick Ratio0.50
Price-To-Earnings
Sales & Book Value
Annual Sales$1.50 billion
Price / Sales1.29
Price / Cash Flow6.94
Price / Book3.51
Profitability
Net Income$194.90 million
Net Margins12.42%
Return on Assets7.08%
Miscellaneous
Employees3,951
OptionableOptionable
Allegiant Travel (NASDAQ:ALGT) Frequently Asked Questions
What is Allegiant Travel's stock symbol?
Allegiant Travel trades on the NASDAQ under the ticker symbol "ALGT."
How often does Allegiant Travel pay dividends? What is the dividend yield for Allegiant Travel?
Allegiant Travel announced a quarterly dividend on Thursday, October 25th. Shareholders of record on Friday, November 23rd will be given a dividend of $0.70 per share on Wednesday, December 5th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Wednesday, November 21st. View Allegiant Travel's Dividend History.
How will Allegiant Travel's stock buyback program work?
Allegiant Travel declared that its board has authorized a stock buyback plan on Thursday, July 27th 2017, which allows the company to buyback $100,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 4.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.
How were Allegiant Travel's earnings last quarter?
Allegiant Travel (NASDAQ:ALGT) released its quarterly earnings results on Wednesday, October, 24th. The transportation company reported $0.94 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.96 by $0.02. The transportation company earned $393.11 million during the quarter, compared to analyst estimates of $390.30 million. Allegiant Travel had a return on equity of 26.83% and a net margin of 12.42%. Allegiant Travel's quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.39 earnings per share. View Allegiant Travel's Earnings History.
When is Allegiant Travel's next earnings date?
What guidance has Allegiant Travel issued on next quarter's earnings?
Allegiant Travel issued an update on its FY18 earnings guidance on Wednesday, October, 24th. The company provided earnings per share guidance of $9.00-10.00 for the period, compared to the Thomson Reuters consensus estimate of $9.63. Allegiant Travel also updated its FY 2018 guidance to $9.00-10.00 EPS.
What price target have analysts set for ALGT?
9 brokers have issued twelve-month price targets for Allegiant Travel's shares. Their predictions range from $117.00 to $180.00. On average, they expect Allegiant Travel's stock price to reach $148.6667 in the next year. This suggests a possible upside of 24.3% from the stock's current price. View Analyst Price Targets for Allegiant Travel.
What is the consensus analysts' recommendation for Allegiant Travel?
9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Allegiant Travel in the last year. There are currently 1 sell rating, 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Allegiant Travel.
What are Wall Street analysts saying about Allegiant Travel stock?
Here are some recent quotes from research analysts about Allegiant Travel stock:
- 1. According to Zacks Investment Research, "Allegiant is being aided by constant efforts to modernize its fleet. In line with its fleet-modernization efforts, the carrier is not only adding new and more efficient planes but retiring old ones. Allegiant aims to maintain an all-airbus fleet by year-end and increase efficiences. The company intends to improve the flying experience of passengers by maintaining a single-fleet type. Additionally, Allegiant's efforts to reward shareholders in the form of share buybacks and dividend payments are encouraging. The Zacks Consensus Estimate for current-quarter earnings has increased 3.6% over the last 60 days. This reflects the positivity surrounding the stock. Despite such positives, we are concerned about the company's high debt levels. In fact, shares of the company have underperformed the industry it belongs to in the past year." (12/31/2018)
- 2. Stifel Nicolaus analysts commented, "Dunkin’ Brands (DNKN) announced 2Q18 (June) pro forma EPS of $0.77, which beat our Street-matching $0.74 estimate. Aggressive buybacks added $0.02 to EPS relative to our pre-release model, with the remaining $0.01 beat due to a revenue beat." (7/26/2018)
Has Allegiant Travel been receiving favorable news coverage?
News stories about ALGT stock have been trending positive on Thursday, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Allegiant Travel earned a media sentiment score of 2.3 on InfoTrie's scale. They also assigned media stories about the transportation company a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the stock's share price in the next few days.
Who are some of Allegiant Travel's key competitors?
Some companies that are related to Allegiant Travel include LATAM Airlines Group (LTM), INTL CONS AIRL/S (ICAGY), CATHAY PAC AIRW/S (CPCAY), easyJet (EJTTF), JetBlue Airways (JBLU), Air France-KLM (AFLYY), Copa (CPA), SkyWest (SKYW), Gol Linhas Aereas Inteligentes (GOL), Hawaiian (HA), Controladora Vuela Co Avcn SA CV (VLRS), Avianca (AVH), Mesa Air Group (MESA), Great Lakes Aviation (GLUX) and United Continental (UAL).
Who are Allegiant Travel's key executives?
Allegiant Travel's management team includes the folowing people:
- Mr. Maurice J. Gallagher Jr., Chairman & CEO (Age 69)
- Mr. John T. Redmond, Pres & Director (Age 60)
- Mr. Scott D. Sheldon, Exec. VP, CFO & COO (Age 41)
- Mr. Gregory Clark Anderson, Sr. VP, Treasury, Principal Accounting Officer & Sec. (Age 37)
- Mr. Robert P. Wilson III, Exec. VP & Chief Information Officer
Who are Allegiant Travel's major shareholders?
Allegiant Travel's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Capital Investment Services of America Inc. (0.38%), RK Asset Management LLC (0.23%), Louisiana State Employees Retirement System (0.03%), Virtu Financial LLC (0.03%) and State of Alaska Department of Revenue (0.03%). Company insiders that own Allegiant Travel stock include Gary Ellmer, Gregory Clark Anderson, John Redmond, Jude Bricker, Maurice J Gallagher Jr, Robert Paul Wilson III and Scott Sheldon. View Institutional Ownership Trends for Allegiant Travel.
Which major investors are selling Allegiant Travel stock?
ALGT stock was sold by a variety of institutional investors in the last quarter, including Capital Investment Services of America Inc., RK Asset Management LLC and Louisiana State Employees Retirement System. Company insiders that have sold Allegiant Travel company stock in the last year include Gary Ellmer, Gregory Clark Anderson, Maurice J Gallagher Jr, Robert Paul Wilson III and Scott Sheldon. View Insider Buying and Selling for Allegiant Travel.
Which major investors are buying Allegiant Travel stock?
How do I buy shares of Allegiant Travel?
Shares of ALGT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Allegiant Travel's stock price today?
One share of ALGT stock can currently be purchased for approximately $119.60.
How big of a company is Allegiant Travel?
Allegiant Travel has a market capitalization of $1.95 billion and generates $1.50 billion in revenue each year. The transportation company earns $194.90 million in net income (profit) each year or $9.55 on an earnings per share basis. Allegiant Travel employs 3,951 workers across the globe.
What is Allegiant Travel's official website?
How can I contact Allegiant Travel?
Allegiant Travel's mailing address is 1201 NORTH TOWN CENTER DRIVE, LAS VEGAS NV, 89144. The transportation company can be reached via phone at 702-851-7300.
MarketBeat Community Rating for Allegiant Travel (NASDAQ ALGT)
MarketBeat's community ratings are surveys of what our community members think about Allegiant Travel and other stocks. Vote "Outperform" if you believe ALGT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ALGT will underperform the S&P 500 over the long term. You may vote once every thirty days.
