NASDAQ:ALGT - Allegiant Travel Stock Price, News, & Analysis

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$132.29 -1.36 (-1.02 %)
(As of 04/18/2019 02:25 PM ET)
Previous Close$133.65
Today's Range$130.45 - $133.82
52-Week Range$98.18 - $165.00
Volume57,918 shs
Average Volume179,041 shs
Market Capitalization$2.15 billion
P/E Ratio13.23
Dividend Yield2.08%
Beta0.87
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 15, 2019, it operated a fleet of 79 Airbus A320 series 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 and ground transportation, such as rental cars and hotel shuttle products; and air transportation services through fixed fee agreements and charter service on a year-round and ad-hoc basis. Further, the company 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.

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Industry, Sector and Symbol

Industry Air transportation, scheduled
Sub-IndustryAirlines
SectorTransportation
Current SymbolNASDAQ:ALGT
CUSIP01748X10
Phone702-851-7300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.67 billion
Cash Flow$17.9255 per share
Book Value$42.72 per share

Profitability

Net Income$159.70 million

Miscellaneous

Employees3,901
Market Cap$2.15 billion
Next Earnings Date4/24/2019 (Confirmed)
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 declared a quarterly dividend on Wednesday, January 30th. Stockholders of record on Friday, March 1st will be given a dividend of $0.70 per share on Thursday, March 14th. This represents a $2.80 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Thursday, February 28th. View Allegiant Travel's Dividend History.

How will Allegiant Travel's stock buyback program work?

Allegiant Travel declared that its board has initiated a share repurchase program on Thursday, July 27th 2017, which allows the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 4.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

How were Allegiant Travel's earnings last quarter?

Allegiant Travel (NASDAQ:ALGT) announced its earnings results on Wednesday, January, 30th. The transportation company reported $2.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.47 by $0.09. The transportation company had revenue of $412.11 million for the quarter, compared to analysts' expectations of $410.69 million. Allegiant Travel had a return on equity of 25.01% and a net margin of 9.70%. Allegiant Travel's revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.18 EPS. View Allegiant Travel's Earnings History.

When is Allegiant Travel's next earnings date?

Allegiant Travel is scheduled to release their next quarterly earnings announcement on Wednesday, April 24th 2019. View Earnings Estimates for Allegiant Travel.

What guidance has Allegiant Travel issued on next quarter's earnings?

Allegiant Travel issued an update on its FY19 earnings guidance on Wednesday, January, 30th. The company provided earnings per share guidance of $13.25-14.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $12.85. Allegiant Travel also updated its FY 2019 guidance to $13.25-14.75 EPS.

What price target have analysts set for ALGT?

12 analysts have issued 1-year target prices for Allegiant Travel's stock. Their forecasts range from $117.00 to $180.00. On average, they expect Allegiant Travel's stock price to reach $155.0833 in the next twelve months. This suggests a possible upside of 17.2% from the stock's current price. View Analyst Price Targets for Allegiant Travel.

What is the consensus analysts' recommendation for Allegiant Travel?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Allegiant Travel in the last year. There are currently 1 sell rating, 2 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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 has been benefiting from strong passenger revenues on the back of impressive travel demand. Passenger revenues increased 11.8% in 2018. The company's projection for 2019 earnings is also bullish. It expects earnings per share in the range of $13.25-$14.75, whose mid-point is more than 30% above the 2018-levels. The company’s measures to reward shareholders through share buybacks and dividends are appreciative as well. Its fleet modernization efforts are another positive. However, the company's high debt levels are a drag. Additionally, in the event of the company's provisional pay-related deal inked with the International Brotherhood of Teamsters, representing Allegiant's flight dispatchers, failing to materialize, the stock might be hurt. In fact, shares of the company have declined 23.7% in a year's time. " (4/2/2019)
  • 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 articles about ALGT stock have been trending somewhat positive on Thursday, according to InfoTrie Sentiment. The research firm rates the sentiment of news coverage by monitoring 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 nearest to five being the most favorable. Allegiant Travel earned a media sentiment score of 0.7 on InfoTrie's scale. They also gave press coverage about the transportation company a news buzz of 3.0 out of 10, indicating that recent news coverage is unlikely to have an impact on the stock's share price in the near future.

Who are some of Allegiant Travel's key competitors?

What other stocks do shareholders of Allegiant Travel own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Allegiant Travel investors own include Mattel (MAT), Twitter (TWTR), General Electric (GE), Ultra Clean (UCTT), Alaska Air Group (ALK), General Motors (GM), Caterpillar (CAT), VMware (VMW), Alibaba Group (BABA) and Enterprise Bancorp (EBTC).

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 many different of institutional and retail investors. Top institutional investors include Capital Investment Services of America Inc. (0.54%), RK Asset Management LLC (0.25%), Nisa Investment Advisors LLC (0.06%), Rothschild Investment Corp IL (0.01%) and Huntington National Bank (0.00%). Company insiders that own Allegiant Travel stock include Gary Ellmer, Gregory Clark Anderson, John Redmond, Maurice J Gallagher Jr, Robert Paul Wilson III and Scott Sheldon. View Institutional Ownership Trends for Allegiant Travel.

Which major investors are buying Allegiant Travel stock?

ALGT stock was purchased by a variety of institutional investors in the last quarter, including Capital Investment Services of America Inc., RK Asset Management LLC, Nisa Investment Advisors LLC, Rothschild Investment Corp IL and Huntington National Bank. View Insider Buying and Selling for Allegiant Travel.

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 $132.29.

How big of a company is Allegiant Travel?

Allegiant Travel has a market capitalization of $2.15 billion and generates $1.67 billion in revenue each year. The transportation company earns $159.70 million in net income (profit) each year or $10.00 on an earnings per share basis. Allegiant Travel employs 3,901 workers across the globe.

What is Allegiant Travel's official website?

The official website for Allegiant Travel is http://www.allegiantair.com.

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)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  404 (Vote Outperform)
Underperform Votes:  474 (Vote Underperform)
Total Votes:  878
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.
This page was last updated on 4/18/2019 by MarketBeat.com Staff

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