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
Current SymbolNASDAQ:ALGT
Previous Symbol
CUSIP01748X10
Phone702-851-7300
Debt
Debt-to-Equity Ratio1.01
Current Ratio0.53
Quick Ratio0.50
Price-To-Earnings
Trailing P/E Ratio12.58
Forward P/E Ratio12.68
P/E Growth0.56
Sales & Book Value
Annual Sales$1.50 billion
Price / Sales1.29
Cash Flow$17.1845 per share
Price / Cash6.99
Book Value$40.41 per share
Price / Book2.97
Profitability
EPS (Most Recent Fiscal Year)$9.55
Net Income$194.90 million
Net Margins12.42%
Return on Equity26.83%
Return on Assets7.08%
Miscellaneous
Employees3,951
Outstanding Shares16,160,000
Market Cap$1.96 billion
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 Thursday, October 25th. Shareholders of record on Friday, November 23rd will be paid a dividend of $0.70 per share on Wednesday, December 5th. This represents a $2.80 annualized dividend and a yield of 2.33%. The ex-dividend date 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 initiated a share buyback plan on Thursday, July 27th 2017, which authorizes the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 4.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.
How were Allegiant Travel's earnings last quarter?
Allegiant Travel (NASDAQ:ALGT) posted its earnings results on Wednesday, October, 24th. The transportation company reported $0.94 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 quarter last year, the company posted $1.39 EPS. 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 updated its FY18 earnings guidance on Wednesday, October, 24th. The company provided earnings per share (EPS) guidance of $9.00-10.00 for the period, compared to the Thomson Reuters consensus EPS 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?
10 brokers have issued 1-year price targets for Allegiant Travel's shares. Their predictions range from $117.00 to $193.00. On average, they anticipate Allegiant Travel's share price to reach $150.60 in the next year. This suggests a possible upside of 25.4% from the stock's current price. View Analyst Price Targets for Allegiant Travel.
What is the consensus analysts' recommendation for Allegiant Travel?
10 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 6 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, "We are pleased with Allegiant's efforts to reward shareholders in the form of share buybacks and dividend payments. The company's efforts to modernize its fleet sound impressive. 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. Moreover, the company's favorable return on equity (ROE) reflects efficient utilisation of shareholder funds. Despite such positives, shares of Allegiant have declined more than 14% 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. Additionally, the CBS News' report, 60 Minutes, which had alleged that Allegiant was facing a number of safety-related issues is also a major headwind." (9/11/2018)
- 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 coverage about ALGT stock has trended neutral recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Allegiant Travel earned a news sentiment score of 0.2 on InfoTrie's scale. They also gave press coverage about the transportation company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the near term.
Who are some of Allegiant Travel's key competitors?
Some companies that are related to Allegiant Travel include Intl Cons Airl/S (ICAGY), China Southern Airlines (ZNH), easyJet (EJTTF), LATAM Airlines Group (LTM), JetBlue Airways (JBLU), CATHAY Pac AIRW/S (CPCAY), Air France-KLM (AFLYY), Copa (CPA), SkyWest (SKYW), Gol Linhas Aereas Inteligentes (GOL), Hawaiian (HA), Avianca (AVH), Controladora Vuela Co Avcn SA CV (VLRS), Mesa Air Group (MESA) 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
Who are Allegiant Travel's major shareholders?
Allegiant Travel's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.25%), Wasatch Advisors Inc. (4.38%), Neuberger Berman Group LLC (4.23%), Franklin Resources Inc. (3.82%), FMR LLC (3.52%) and First Pacific Advisors LP (3.43%). 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, 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, Renaissance Technologies LLC, Franklin Resources Inc., Wasatch Advisors Inc., Schroder Investment Management Group, Janus Henderson Group PLC, Capital Fund Management S.A. and WINTON GROUP Ltd. 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?
ALGT stock was acquired by a variety of institutional investors in the last quarter, including Diamond Hill Capital Management Inc., Matarin Capital Management LLC, BlackRock Inc., Deutsche Bank AG, First Pacific Advisors LP, Royce & Associates LP, Allianz Asset Management GmbH and GW&K Investment Management LLC. 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 $120.12.
How big of a company is Allegiant Travel?
Allegiant Travel has a market capitalization of $1.96 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.
