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 Ratio13.51
Forward P/E Ratio13.37
P/E Growth0.49
Sales & Book Value
Annual Sales$1.50 billion
Price / Sales1.39
Cash Flow$17.6298 per share
Price / Cash7.32
Book Value$34.08 per share
Price / Book3.79
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$2.05 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 declared a quarterly dividend on Thursday, July 26th. Stockholders of record on Friday, August 17th will be given a dividend of $0.70 per share on Friday, August 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.17%. 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 declared that its board has initiated a share repurchase plan on Thursday, July 27th 2017, which authorizes the company to buyback $100,000,000.00 in 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 typically an indication that the company's board of directors believes its stock is undervalued.
How were Allegiant Travel's earnings last quarter?
Allegiant Travel (NASDAQ:ALGT) posted its earnings results on Wednesday, July, 25th. The transportation company reported $3.10 EPS for the quarter, topping analysts' consensus estimates of $2.66 by $0.44. The transportation company earned $436.80 million during the quarter, compared to analysts' expectations of $437.69 million. Allegiant Travel had a return on equity of 30.22% and a net margin of 13.21%. The firm's revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the business 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 updated 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 equities research analysts have issued 1 year price objectives 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 $150.70 in the next year. This suggests a possible upside of 16.8% 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, 5 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, "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)
Who are some of Allegiant Travel's key competitors?
Some companies that are related to Allegiant Travel include easyJet (EJTTF), Intl Cons Airl/S (ICAGY), China Southern Airlines (ZNH), JetBlue Airways (JBLU), LATAM Airlines Group (LTM), Azul (AZUL), CATHAY Pac AIRW/S (CPCAY), 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 Mesa Air Group (MESA).
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 a number 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, 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, Voya Investment Management LLC, Renaissance Technologies LLC, Schroder Investment Management Group, Wasatch Advisors Inc., Segall Bryant & Hamill LLC, Capital Fund Management S.A. and Nisa Investment Advisors LLC. 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 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 $129.05.
How big of a company is Allegiant Travel?
Allegiant Travel has a market capitalization of $2.05 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.
