NASDAQ:ALGT - Allegiant Travel Stock Price, News, & Analysis

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$143.00 -3.28 (-2.24 %)
(As of 05/22/2019 04:00 PM ET)
Previous Close$146.28
Today's Range$142.77 - $145.52
52-Week Range$98.18 - $157.48
Volume86,629 shs
Average Volume175,135 shs
Market Capitalization$2.33 billion
P/E Ratio14.30
Dividend Yield1.91%
Beta0.92
Allegiant Travel Company, a leisure travel company, provides 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 15, 2019, it operated a fleet of 79 Airbus A320 series 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 and ground transportation, such as rental cars and hotel shuttle products; and air transportation services through fixed fee agreements and charter service on a year-round and ad-hoc basis. Further, the company 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.

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Industry, Sector and Symbol

Industry Air transportation, scheduled
Sub-IndustryAirlines
SectorTransportation
Current SymbolNASDAQ:ALGT
CUSIP01748X10
Phone702-851-7300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.67 billion
Cash Flow$17.9423 per share
Book Value$45.34 per share

Profitability

Net Income$159.70 million

Miscellaneous

Employees3,901
Market Cap$2.33 billion
Next Earnings Date7/24/2019 (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 announced a quarterly dividend on Wednesday, April 24th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.70 per share on Thursday, June 27th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Thursday, June 13th. 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 repurchase 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 purchase up to 4.3% of its stock through open market purchases. Stock buyback plans are generally 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) announced its quarterly earnings data on Wednesday, April, 24th. The transportation company reported $3.98 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $3.88 by $0.10. The transportation company had revenue of $451.60 million for the quarter, compared to analyst estimates of $452.24 million. Allegiant Travel had a net margin of 9.67% and a return on equity of 25.13%. The company's revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $3.42 earnings per share. View Allegiant Travel's Earnings History.

When is Allegiant Travel's next earnings date?

Allegiant Travel is scheduled to release their next quarterly earnings announcement on Wednesday, July 24th 2019. View Earnings Estimates for Allegiant Travel.

What guidance has Allegiant Travel issued on next quarter's earnings?

Allegiant Travel updated its FY19 earnings guidance on Wednesday, April, 24th. The company provided earnings per share guidance of $13.25 to $14.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $13.18. 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 price targets for Allegiant Travel's stock. Their predictions range from $117.00 to $180.00. On average, they expect Allegiant Travel's share price to reach $156.5833 in the next twelve months. 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?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Allegiant Travel in the last year. There are currently 1 sell rating, 2 hold ratings and 9 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 has been benefiting from strong passenger revenues on the back of impressive travel demand. Passenger revenues increased 11.8% in 2018. The company's projection for 2019 earnings is also bullish. It expects earnings per share in the range of $13.25-$14.75, whose mid-point is more than 30% above the 2018-levels. The company’s measures to reward shareholders through share buybacks and dividends are appreciative as well. Its fleet modernization efforts are another positive. However, the company's high debt levels are a drag. Additionally, in the event of the company's provisional pay-related deal inked with the International Brotherhood of Teamsters, representing Allegiant's flight dispatchers, failing to materialize, the stock might be hurt. In fact, shares of the company have declined 23.7% in a year's time. " (4/2/2019)
  • 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?

Media coverage about ALGT stock has trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than six thousand blog and news sources. 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 coverage optimism score of 1.7 on InfoTrie's scale. They also assigned media headlines about the transportation company a news buzz of 8.0 out of 10, indicating that recent press coverage is very likely to have an effect on the company's share price in the near future.

Who are some of Allegiant Travel's key competitors?

What other stocks do shareholders of Allegiant Travel own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Allegiant Travel investors own include Mattel (MAT), Twitter (TWTR), General Electric (GE), Ultra Clean (UCTT), Alaska Air Group (ALK), General Motors (GM), Alibaba Group (BABA), VMware (VMW), Enterprise Bancorp (EBTC) and Caterpillar (CAT).

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. Gregory Clark Anderson CPA, Exec. VP, Principal Accounting Officer, Sec. & CFO (Age 37)
  • Mr. Scott D. Sheldon, Exec. VP & COO (Age 41)
  • Mr. Robert P. Wilson III, Exec. VP & Chief Information Officer (Age 49)

Who are Allegiant Travel's major shareholders?

Allegiant Travel's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.20%), Neuberger Berman Group LLC (3.95%), Wasatch Advisors Inc. (3.93%), Diamond Hill Capital Management Inc. (3.47%), Dimensional Fund Advisors LP (2.97%) and FMR LLC (2.54%). 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 major investors are selling Allegiant Travel stock?

ALGT stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Renaissance Technologies LLC, Diamond Hill Capital Management Inc., FMR LLC, Oxford Asset Management LLP, Neuberger Berman Group LLC, Hotchkis & Wiley Capital Management LLC and Hotchkis & Wiley Capital Management LLC. Company insiders that have sold Allegiant Travel company stock in the last year include Gary Ellmer, Maurice J Gallagher Jr and Robert Paul Wilson III. View Insider Buying and Selling for Allegiant Travel.

Which major investors are buying Allegiant Travel stock?

ALGT stock was purchased by a variety of institutional investors in the last quarter, including Wasatch Advisors Inc., Royce & Associates LP, Schonfeld Strategic Advisors LLC, Capital Investment Services of America Inc., U S Global Investors Inc., 361 Capital LLC, New Amsterdam Partners LLC NY and Dimensional Fund Advisors 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 $143.00.

How big of a company is Allegiant Travel?

Allegiant Travel has a market capitalization of $2.33 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?

The official website for Allegiant Travel is http://www.allegiantair.com/.

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 or via email at http://ir.allegiantair.com.


MarketBeat Community Rating for Allegiant Travel (NASDAQ ALGT)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  409 (Vote Outperform)
Underperform Votes:  479 (Vote Underperform)
Total Votes:  888
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.
This page was last updated on 5/22/2019 by MarketBeat.com Staff

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