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
Industry Air transportation, scheduled
Sub-IndustryAirlines
SectorTransportation
Phone702-851-7300
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.67 billion
Profitability
Miscellaneous
Employees3,901
Next Earnings Date4/24/2019 (Estimated)
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. Shareholders of record on Friday, March 1st will be paid a dividend of $0.70 per share on Thursday, March 14th. This represents a $2.80 dividend on an annualized basis and a yield of 2.29%. 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 announced that its board has approved a stock buyback 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 shares through open market purchases. Shares buyback plans are generally an indication that the company's board believes its shares are undervalued.
How were Allegiant Travel's earnings last quarter?
Allegiant Travel (NASDAQ:ALGT) posted its earnings results on Wednesday, January, 30th. The transportation company reported $2.56 earnings per share for the quarter, beating the Zacks' consensus estimate 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%. The business's revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.18 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 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 EPS 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 12-month target prices for Allegiant Travel's shares. Their forecasts range from $117.00 to $180.00. On average, they expect Allegiant Travel's stock price to reach $153.4167 in the next year. This suggests a possible upside of 25.6% 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, 3 hold ratings and 8 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 is being aided by constant efforts to modernize its fleet. In line with its fleet-modernization efforts, the carrier is not only adding new and more efficient planes but retiring old ones. 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. Additionally, Allegiant's efforts to reward shareholders in the form of share buybacks and dividend payments are encouraging. The Zacks Consensus Estimate for current-quarter earnings has increased 3.6% over the last 60 days. This reflects the positivity surrounding the stock. Despite such positives, we are concerned about the company's high debt levels. In fact, shares of the company have underperformed the industry it belongs to in the past year." (12/31/2018)
- 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 stories about ALGT stock have been trending somewhat negative recently, InfoTrie Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Allegiant Travel earned a media sentiment score of -1.4 on InfoTrie's scale. They also assigned media coverage about the transportation company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days.
Who are some of Allegiant Travel's key competitors?
Some companies that are related to Allegiant Travel include CATHAY PAC AIRW/S (CPCAY), Alaska Air Group (ALK), LATAM Airlines Group (LTM), easyJet (EJTTF), INTL CONS AIRL/S (ICAGY), Air France-KLM (AFLYY), JetBlue Airways (JBLU), Copa (CPA), SkyWest (SKYW), Gol Linhas Aereas Inteligentes (GOL), Hawaiian (HA), Controladora Vuela Co Avcn SA CV (VLRS), Avianca (AVH), Mesa Air Group (MESA) and Great Lakes Aviation (GLUX).
What other stocks do shareholders of Allegiant Travel own?
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 a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.31%), Diamond Hill Capital Management Inc. (3.70%), Dimensional Fund Advisors LP (2.88%), FMR LLC (2.66%), Bank of New York Mellon Corp (1.33%) and Northern Trust Corp (1.08%). 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 institutional investors are selling Allegiant Travel stock?
ALGT stock was sold by a variety of institutional investors in the last quarter, including New York State Common Retirement Fund, FMR LLC, Royce & Associates LP, GW&K Investment Management LLC, Bank of America Corp DE, GSA Capital Partners LLP, Bank of New York Mellon Corp and Public Employees Retirement System of Ohio. Company insiders that have sold Allegiant Travel company stock in the last year include Maurice J Gallagher Jr, Robert Paul Wilson III and Scott Sheldon. View Insider Buying and Selling for Allegiant Travel.
Which institutional investors are buying Allegiant Travel stock?
ALGT stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Diamond Hill Capital Management Inc., Norges Bank, Millennium Management LLC, Tyvor Capital LLC, Royal London Asset Management Ltd., Dimensional Fund Advisors LP and Altimeter Capital Management LP. 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 $122.15.
How big of a company is Allegiant Travel?
Allegiant Travel has a market capitalization of $1.99 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?
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.
