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
Stock Exchange NASDAQ
Industry Air transportation, scheduled
Sub-IndustryAirlines
SectorTransportation
SymbolNASDAQ:ALGT
CUSIP01748X10
Phone702-851-7300
Debt
Debt-to-Equity Ratio1.54
Current Ratio0.87
Quick Ratio0.83
Price-To-Earnings
Trailing P/E Ratio14.39
Forward P/E Ratio14.17
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.50 billion
Price / Sales1.47
Cash Flow$18.1607 per share
Price / Cash7.53
Book Value$34.08 per share
Price / Book4.01
Profitability
EPS (Most Recent Fiscal Year)$9.55
Net Income$194.90 million
Net Margins13.21%
Return on Equity30.22%
Return on Assets7.82%
Miscellaneous
Employees3,951
Outstanding Shares16,160,000
Market Cap$2.11 billion
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, July 26th. Shareholders of record on Friday, August 17th will be paid a dividend of $0.70 per share on Friday, August 31st. This represents a $2.80 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Thursday, August 16th. View Allegiant Travel's Dividend History.
How will Allegiant Travel's stock buyback program work?
Allegiant Travel announced that its board has authorized a share 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 repurchase up to 4.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.
How were Allegiant Travel's earnings last quarter?
Allegiant Travel (NASDAQ:ALGT) posted its quarterly earnings results on Wednesday, July, 25th. The transportation company reported $3.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $2.66 by $0.44. The transportation company earned $436.80 million during the quarter, compared to analyst estimates of $437.69 million. Allegiant Travel had a net margin of 13.21% and a return on equity of 30.22%. Allegiant Travel's revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.94 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, July, 25th. The company provided EPS guidance of $9.00-10.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $10.44.
What price target have analysts set for ALGT?
11 Wall Street analysts have issued 12 month target prices for Allegiant Travel's stock. Their predictions range from $117.00 to $193.00. On average, they anticipate Allegiant Travel's stock price to reach $149.80 in the next year. This suggests a possible upside of 9.5% from the stock's current price. View Analyst Price Targets for Allegiant Travel.
What is the consensus analysts' recommendation for Allegiant Travel?
11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Allegiant Travel in the last year. There are currently 1 sell rating, 4 hold ratings and 6 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. 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)
- 2. According to Zacks Investment Research, "Shares of Allegiant Travel Company have declined 7% on a year-to-date basis. This downturn can be attributed to headwinds like capacity-related woes, safety-related issues, high debt levels and escalating fuel costs. In fact, high fuel costs are expected to hurt the carrier's bottom line in the second quarter. Estimated average fuel cost for the period is $2.38 per gallon, higher than $1.70 reported a year ago Detailed results should be available on Jul 25. Moreover, the stock is still suffering from CBS News' report, 60 Minutes, which had alleged that Allegiant was facing a number of safety-related issues. Nevertheless, we are pleased with the company's initiatives to reward shareholders through share buybacks and dividend payments. We are also impressed by the company's efforts to modernize its fleet." (7/20/2018)
Who are some of Allegiant Travel's key competitors?
Some companies that are related to Allegiant Travel include Alaska Air Group (ALK), Intl Cons Airl/S (ICAGY), China Southern Airlines (ZNH), CATHAY Pac AIRW/S (CPCAY), LATAM Airlines Group (LTM), JetBlue Airways (JBLU), Azul (AZUL), Air France-KLM (AFLYY), Copa (CPA), SkyWest (SKYW), Hawaiian (HA), Gol Linhas Aereas Inteligentes (GOL), Controladora Vuela Co Avcn SA CV (VLRS), Avianca (AVH) and Great Lakes Aviation (GLUX).
Who are Allegiant Travel's key executives?
Allegiant Travel's management team includes the folowing people:
- Mr. Maurice J. Gallagher Jr., Chairman & CEO (Age 68)
- Mr. John T. Redmond, Pres & Director (Age 59)
- Mr. Scott D. Sheldon, Exec. VP, CFO & COO (Age 40)
- Mr. Gregory Clark Anderson, Sr. VP, Treasury, Principal Accounting Officer & Sec. (Age 36)
- Mr. Robert P. Wilson III, Exec. VP & Chief Information Officer
Has Allegiant Travel been receiving favorable news coverage?
Press coverage about ALGT stock has been trending somewhat positive on Monday, Accern Sentiment reports. Accern scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Allegiant Travel earned a news and rumor sentiment score of 0.17 on Accern's scale. They also gave news headlines about the transportation company an impact score of 47.24 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near future. View Recent Headlines for Allegiant Travel.
Who are Allegiant Travel's major shareholders?
Allegiant Travel's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include FMR LLC (12.50%), BlackRock Inc. (10.75%), Wasatch Advisors Inc. (4.60%), Dimensional Fund Advisors LP (2.67%), Diamond Hill Capital Management Inc. (2.60%) and Renaissance Technologies LLC (2.36%). Company insiders that own Allegiant Travel stock include Gary Ellmer, Gregory Clark Anderson, John Redmond, Jude Bricker, Maurice J Gallagher Jr, Scott Matthew Allard 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 FMR LLC, Voya Investment Management LLC, Renaissance Technologies LLC, Wasatch Advisors Inc., Segall Bryant & Hamill LLC, Capital Fund Management S.A., Nisa Investment Advisors LLC and California Public 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 and Scott Sheldon. View Insider Buying and Selling for Allegiant Travel.
Which major investors are buying Allegiant Travel stock?
ALGT stock was bought by a variety of institutional investors in the last quarter, including Schroder Investment Management Group, BlackRock Inc., Millennium Management LLC, Royce & Associates LP, Diamond Hill Capital Management Inc., Janus Henderson Group PLC, WINTON GROUP Ltd and Schwab Charles Investment Management Inc.. 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 $136.75.
How big of a company is Allegiant Travel?
Allegiant Travel has a market capitalization of $2.11 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.
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.
