About Allegiant Air (NASDAQ:ALGT)
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 February 2, 2018, it operated a fleet of 37 MD-80 aircraft and 53 Airbus A320 series aircraft provided services on 396 routes to 119 cities. 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
SymbolNASDAQ:ALGT
CUSIP01748X10
Phone702-851-7300
Debt
Debt-to-Equity Ratio1.73%
Current Ratio0.98%
Quick Ratio0.95%
Price-To-Earnings
Trailing P/E Ratio15.13
Forward P/E Ratio13.05
P/E Growth0.47
Sales & Book Value
Annual Sales$1.50 billion
Price / Sales1.51
Cash Flow$17.0277 per share
Price / Cash8.31
Book Value$34.08 per share
Price / Book4.15
Profitability
EPS (Most Recent Fiscal Year)$9.55
Net Income$194.90 million
Net Margins12.96%
Return on Equity31.47%
Return on Assets8.07%
Miscellaneous
Employees3,951
Outstanding Shares16,070,000
Allegiant Air (NASDAQ:ALGT) Frequently Asked Questions
What is Allegiant Air's stock symbol?
Allegiant Air trades on the NASDAQ under the ticker symbol "ALGT."
How often does Allegiant Air pay dividends? What is the dividend yield for Allegiant Air?
Allegiant Air declared a quarterly dividend on Thursday, February 1st. Shareholders of record on Friday, March 2nd will be given a dividend of $0.70 per share on Friday, March 16th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Thursday, March 1st. View Allegiant Air's Dividend History.
How will Allegiant Air's stock buyback program work?
Allegiant Air announced 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 outstanding 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 generally an indication that the company's board believes its stock is undervalued.
How were Allegiant Air's earnings last quarter?
Allegiant Air (NASDAQ:ALGT) released its quarterly earnings data on Wednesday, January, 31st. The transportation company reported $2.71 earnings per share for the quarter, topping analysts' consensus estimates of $1.78 by $0.93. The transportation company had revenue of $378.56 million for the quarter, compared to analysts' expectations of $377.25 million. Allegiant Air had a return on equity of 31.47% and a net margin of 12.96%. The firm's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.48 EPS. View Allegiant Air's Earnings History.
When is Allegiant Air's next earnings date?
What guidance has Allegiant Air issued on next quarter's earnings?
Allegiant Air issued an update on its FY18 earnings guidance on Wednesday, January, 31st. The company provided earnings per share guidance of $10.00-12.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $10.77.
What price target have analysts set for ALGT?
13 Wall Street analysts have issued 12 month price targets for Allegiant Air's shares. Their predictions range from $119.00 to $210.00. On average, they anticipate Allegiant Air's stock price to reach $163.00 in the next twelve months. View Analyst Ratings for Allegiant Air.
Who are some of Allegiant Air's key competitors?
Some companies that are related to Allegiant Air include easyJet (EJTTF), China Southern Airlines (ZNH), Alaska Air Group (ALK), International Airlines Group (ICAGY), JetBlue (JBLU), Cathay Pacific (CPCAY), Copa (CPA), Air France–KLM (AFLYY), SkyWest (SKYW), Gol Transportes A�reos (GOL), Hawaiian (HA), Avianca (AVH), Volaris (VLRS) and Great Lakes Airlines (GLUX).
Who are Allegiant Air's key executives?
Allegiant Air's management team includes the folowing people:
- Mr. Maurice J. Gallagher Jr., Chairman and Chief Exec. Officer (Age 68)
- Mr. John T. Redmond, Pres and Director (Age 60)
- Mr. Scott D. Sheldon, CFO, COO & Exec. VP (Age 40)
- Mr. Gregory Clark Anderson CPA, Principal Accounting Officer, Sr. VP of Treasury and Sec. (Age 36)
- Mr. Robert P. Wilson III, Sr. VP & Interim Chief Information Officer
Has Allegiant Air been receiving favorable news coverage?
Media headlines about ALGT stock have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern scores the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Allegiant Air earned a daily sentiment score of 0.03 on Accern's scale. They also gave press coverage about the transportation company an impact score of 46.08 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.
How do I buy shares of Allegiant Air?
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 Air's stock price today?
One share of ALGT stock can currently be purchased for approximately $141.50.
How big of a company is Allegiant Air?
Allegiant Air has a market capitalization of $2.32 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 Air employs 3,951 workers across the globe.
How can I contact Allegiant Air?
Allegiant Air'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 Air (ALGT)
MarketBeat's community ratings are surveys of what our community members think about Allegiant Air 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.
Allegiant Air (NASDAQ:ALGT) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
13 Wall Street analysts have issued ratings and price targets for Allegiant Air in the last 12 months. Their average twelve-month price target is $163.00, suggesting that the stock has a possible upside of 15.19%. The high price target for ALGT is $210.00 and the low price target for ALGT is $119.00. There are currently 1 sell rating, 6 hold ratings and 6 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.38 | 2.38 | 2.33 | 2.07 |
| Ratings Breakdown: | 1 Sell Rating(s)
6 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
6 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
6 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
11 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $163.00 | $163.30 | $156.90 | $142.8182 |
| Price Target Upside: | 15.19% upside | 2.13% downside | 5.20% downside | 1.04% upside |
Allegiant Air (NASDAQ:ALGT) Consensus Price Target History
Allegiant Air (NASDAQ:ALGT) Analyst Ratings History
Show:
(Data available from 4/24/2016 forward)
Allegiant Air (NASDAQ:ALGT) Dividend Information
Allegiant Air pays an annual dividend of $2.80 per share, with a dividend yield of 1.98%. ALGT's most recent quarterly dividend payment was Friday, March 16. Allegiant Air pays out 29.32% of its earnings out as a dividend.
| Most Recent Dividend: | 3/16/2018 |
| Annual Dividend: | $2.80 |
| Dividend Yield: | 1.98% |
| Payout Ratio: | 29.32% (Trailing 12 Months of Earnings)
25.83% (Based on This Year's Estimates)
19.38% (Based on Next Year's Estimates)
|
Allegiant Air (NASDAQ:ALGT) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/1/2018 | quarterly | $0.70 | 1.68% | 3/1/2018 | 3/2/2018 | 3/16/2018 |
| 10/26/2017 | quarterly | $0.70 | 1.98% | 11/21/2017 | 11/22/2017 | 12/5/2017 |
| 8/7/2017 | Quarterly | $0.70 | 2.15% | 8/16/2017 | 8/18/2017 | 9/5/2017 |
| 4/26/2017 | quarterly | $0.70 | 1.87% | 5/17/2017 | 5/19/2017 | 6/2/2017 |
| 2/1/2017 | quarterly | $0.70 | 1.62% | 3/1/2017 | 3/3/2017 | 3/15/2017 |
| 11/14/2016 | quarterly | $0.70 | 1.74% | 11/21/2016 | 11/23/2016 | 12/6/2016 |
| 8/8/2016 | quarterly | $0.70 | 2.18% | 8/17/2016 | 8/19/2016 | 9/6/2016 |
| 4/28/2016 | quarterly | $0.70 | 1.69% | 5/18/2016 | 5/20/2016 | 6/3/2016 |
| 2/24/2016 | Quarterly | $0.30 | | 3/2/2016 | 3/4/2016 | 3/17/2016 |
| 2/18/2016 | quarterly | $0.30 | 0.76% | 3/2/2016 | 3/4/2016 | 3/15/2016 |
| 11/12/2015 | quarterly | $0.30 | 0.65% | 11/19/2015 | 11/23/2015 | 12/4/2015 |
| 8/7/2015 | quarterly | $0.30 | 0.55% | 8/18/2015 | 8/20/2015 | 9/4/2015 |
| 5/11/2015 | quarterly | $0.25 | 0.6% | 5/18/2015 | 5/20/2015 | 6/4/2015 |
| 1/29/2015 | quarterly | $0.25 | 0.55% | 3/2/2015 | 3/4/2015 | 3/17/2015 |
| 12/3/2014 | special | $2.50 | | 12/17/2014 | 12/19/2014 | 1/6/2015 |
| 11/14/2013 | special | $2.25 | | 12/11/2013 | 12/13/2013 | 1/3/2014 |
(Data available from 1/1/2013 forward)
Allegiant Air (NASDAQ ALGT) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 22.00%
Institutional Ownership Percentage: 90.39%
Allegiant Air (NASDAQ ALGT) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/13/2018 | Gary Ellmer | Director | Sell | 120 | $178.40 | $21,408.00 | |  |
| 3/13/2018 | Gregory Clark Anderson | SVP | Sell | 1,650 | $178.25 | $294,112.50 | 15,935 | |
| 3/6/2018 | Maurice J Gallagher Jr | CEO | Sell | 12,645 | $163.40 | $2,066,193.00 | 2,977,169 | |
| 1/17/2018 | Maurice J Gallagher Jr | CEO | Sell | 182,182 | $167.18 | $30,457,186.76 | 3,071,196 | |
| 1/12/2018 | Maurice J Gallagher Jr | CEO | Sell | 71,678 | $165.54 | $11,865,576.12 | 3,071,196 | |
| 12/29/2017 | Maurice J Gallagher Jr | CEO | Sell | 17,818 | $155.74 | $2,774,975.32 | | |
| 12/28/2017 | Maurice J Gallagher Jr | CEO | Sell | 16,018 | $155.82 | $2,495,924.76 | 3,144,674 | |
| 12/6/2017 | Gary Ellmer | Director | Sell | 1,000 | $148.85 | $148,850.00 | 2,120 | |
| 10/27/2017 | John Redmond | President | Buy | 11,000 | $138.28 | $1,521,080.00 | 92,574 | |
| 10/27/2017 | Scott Sheldon | CFO | Sell | 5,872 | $137.63 | $808,163.36 | 21,202 | |
| 5/23/2017 | Gregory Clark Anderson | SVP | Sell | 1,500 | $142.08 | $213,120.00 | 15,054 | |
| 5/22/2017 | Gary Ellmer | Director | Sell | 135 | $142.91 | $19,292.85 | 2,120 | |
| 3/24/2017 | Gary Ellmer | Director | Sell | 580 | $162.00 | $93,960.00 | 2,255 | |
| 3/17/2017 | Jude Bricker | EVP | Sell | 4,421 | $158.67 | $701,480.07 | 21,569 | |
| 12/28/2016 | Gary Ellmer | Director | Sell | 285 | $165.76 | $47,241.60 | 2,835 | |
| 12/8/2016 | Scott Matthew Allard | Insider | Sell | 1,838 | $170.73 | $313,801.74 | 16,674 | |
| 11/10/2016 | Scott Sheldon | CFO | Sell | 2,596 | $153.70 | $399,005.20 | 20,964 | |
| 8/12/2015 | John Redmond | Director | Sell | 6,000 | $224.77 | $1,348,620.00 | | |
| 6/23/2015 | Gary Ellmer | Director | Sell | 520 | $178.82 | $92,986.40 | | |
| 2/13/2015 | Scott Matthew Allard | Insider | Sell | 1,338 | $178.69 | $239,087.22 | | |
| 12/4/2014 | Jude Bricker | SVP | Sell | 3,042 | $144.73 | $440,268.66 | | |
| 9/19/2014 | Scott Sheldon | CFO | Sell | 2,093 | $125.01 | $261,645.93 | | |
| 9/18/2014 | Scott Matthew Allard | Insider | Sell | 4,513 | $125.32 | $565,569.16 | | |
| 8/22/2014 | Andrew C Levy | COO | Sell | 25,305 | $125.11 | $3,165,908.55 | | |
| 8/21/2014 | Andrew C Levy | COO | Sell | 7,335 | $125.21 | $918,415.35 | | |
| 7/30/2014 | Gary Ellmer | Director | Sell | 1,000 | $118.60 | $118,600.00 | | |
| 9/17/2013 | Andrew Levy | President | Sell | 25,000 | $98.69 | $2,467,250.00 | 74,368 | |
| 8/6/2013 | Gary Ellmer | Director | Sell | 1,500 | $97.52 | $146,280.00 | 3,000 | |
| 6/26/2013 | Scott Sheldon | CFO | Sell | 6,963 | $106.60 | $742,255.80 | | |
(Data available from 1/1/2013 forward)
Allegiant Air (NASDAQ ALGT) News Headlines
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Allegiant Air (NASDAQ:ALGT) SEC Filings
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Allegiant Air (NASDAQ:ALGT) Income Statement, Balance Sheet and Cash Flow Statement
Allegiant Air (NASDAQ ALGT) Stock Chart for Tuesday, April, 24, 2018
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