About Allegiant Air (NASDAQ:ALGT)
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 February 2, 2018, it operated a fleet of 37 MD-80 aircraft and 53 Airbus A320 series aircraft provided services on 396 routes to 119 cities. 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
SymbolNASDAQ:ALGT
CUSIP01748X10
Phone702-851-7300
Debt
Debt-to-Equity Ratio1.73%
Current Ratio0.98%
Quick Ratio0.95%
Price-To-Earnings
Trailing P/E Ratio15.81
Forward P/E Ratio14.33
P/E Growth0.47
Sales & Book Value
Annual Sales$1.50 billion
Price / Sales1.66
Cash Flow$18.7787 per share
Price / Cash8.27
Book Value$34.08 per share
Price / Book4.56
Profitability
EPS (Most Recent Fiscal Year)$9.55
Net Income$194.90 million
Net Margins12.96%
Return on Equity31.47%
Return on Assets8.07%
Miscellaneous
Employees3,951
Outstanding Shares16,070,000
Allegiant Air (NASDAQ:ALGT) Frequently Asked Questions
What is Allegiant Air's stock symbol?
Allegiant Air trades on the NASDAQ under the ticker symbol "ALGT."
How often does Allegiant Air pay dividends? What is the dividend yield for Allegiant Air?
Allegiant Air announced a quarterly dividend on Thursday, February 1st. Stockholders of record on Friday, March 2nd will be given a dividend of $0.70 per share on Friday, March 16th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Thursday, March 1st. View Allegiant Air's Dividend History.
How will Allegiant Air's stock buyback program work?
Allegiant Air announced that its board has initiated a stock repurchase program on Thursday, July 27th 2017, which permits the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 4.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued.
How were Allegiant Air's earnings last quarter?
Allegiant Air (NASDAQ:ALGT) issued its quarterly earnings data on Wednesday, April, 25th. The transportation company reported $3.42 EPS for the quarter, beating the Zacks' consensus estimate of $3.01 by $0.41. The transportation company earned $425.44 million during the quarter, compared to analyst estimates of $424.10 million. Allegiant Air had a return on equity of 31.47% and a net margin of 12.96%. Allegiant Air's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.50 EPS. View Allegiant Air's Earnings History.
When is Allegiant Air's next earnings date?
What guidance has Allegiant Air issued on next quarter's earnings?
Allegiant Air updated its FY18 earnings guidance on Wednesday, April, 25th. The company provided earnings per share guidance of $10.00-12.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $10.92.
What price target have analysts set for ALGT?
13 Wall Street analysts have issued twelve-month price objectives for Allegiant Air's stock. Their forecasts range from $119.00 to $190.00. On average, they expect Allegiant Air's stock price to reach $162.0836 in the next twelve months. View Analyst Ratings for Allegiant Air.
Who are some of Allegiant Air's key competitors?
Some companies that are related to Allegiant Air include Alaska Air Group (ALK), International Airlines Group (ICAGY), Cathay Pacific (CPCAY), JetBlue (JBLU), Copa (CPA), Air France–KLM (AFLYY), SkyWest (SKYW), Gol Transportes A�reos (GOL), Hawaiian (HA), Avianca (AVH), Volaris (VLRS) and Great Lakes Airlines (GLUX).
Who are Allegiant Air's key executives?
Allegiant Air's management team includes the folowing people:
- Mr. Maurice J. Gallagher Jr., Chairman and Chief Exec. Officer (Age 68)
- Mr. John T. Redmond, Pres and Director (Age 60)
- Mr. Scott D. Sheldon, CFO, COO & Exec. VP (Age 40)
- Mr. Gregory Clark Anderson CPA, Principal Accounting Officer, Sr. VP of Treasury and Sec. (Age 36)
- Mr. Robert P. Wilson III, Sr. VP & Interim Chief Information Officer
Has Allegiant Air been receiving favorable news coverage?
News stories about ALGT stock have been trending positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Allegiant Air earned a coverage optimism score of 0.32 on Accern's scale. They also assigned news headlines about the transportation company an impact score of 49.66 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near future.
How do I buy shares of Allegiant Air?
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 Air's stock price today?
One share of ALGT stock can currently be purchased for approximately $155.40.
How big of a company is Allegiant Air?
Allegiant Air has a market capitalization of $2.31 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 Air employs 3,951 workers across the globe.
How can I contact Allegiant Air?
Allegiant Air'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 Air (ALGT)
MarketBeat's community ratings are surveys of what our community members think about Allegiant Air 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.
Allegiant Air (NASDAQ:ALGT) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
13 Wall Street analysts have issued ratings and price targets for Allegiant Air in the last 12 months. Their average twelve-month price target is $162.0836, suggesting that the stock has a possible upside of 4.37%. The high price target for ALGT is $190.00 and the low price target for ALGT is $119.00. There are currently 1 sell rating, 5 hold ratings and 7 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.46 | 2.38 | 2.33 | 2.08 |
| Ratings Breakdown: | 1 Sell Rating(s)
5 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
6 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
6 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
9 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $162.0836 | $163.30 | $156.90 | $142.8182 |
| Price Target Upside: | 4.37% upside | 2.13% downside | 5.20% downside | 1.04% upside |
Allegiant Air (NASDAQ:ALGT) Consensus Price Target History
Allegiant Air (NASDAQ:ALGT) Analyst Ratings History
Show:
(Data available from 4/26/2016 forward)
Allegiant Air (NASDAQ:ALGT) Dividend Information
Allegiant Air pays an annual dividend of $2.80 per share, with a dividend yield of 1.80%. ALGT's most recent quarterly dividend payment was Friday, March 16. Allegiant Air pays out 29.32% of its earnings out as a dividend.
| Most Recent Dividend: | 3/16/2018 |
| Annual Dividend: | $2.80 |
| Dividend Yield: | 1.80% |
| Payout Ratio: | 29.32% (Trailing 12 Months of Earnings)
25.83% (Based on This Year's Estimates)
19.38% (Based on Next Year's Estimates)
|
Allegiant Air (NASDAQ:ALGT) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/1/2018 | quarterly | $0.70 | 1.68% | 3/1/2018 | 3/2/2018 | 3/16/2018 |
| 10/26/2017 | quarterly | $0.70 | 1.98% | 11/21/2017 | 11/22/2017 | 12/5/2017 |
| 8/7/2017 | Quarterly | $0.70 | 2.15% | 8/16/2017 | 8/18/2017 | 9/5/2017 |
| 4/26/2017 | quarterly | $0.70 | 1.87% | 5/17/2017 | 5/19/2017 | 6/2/2017 |
| 2/1/2017 | quarterly | $0.70 | 1.62% | 3/1/2017 | 3/3/2017 | 3/15/2017 |
| 11/14/2016 | quarterly | $0.70 | 1.74% | 11/21/2016 | 11/23/2016 | 12/6/2016 |
| 8/8/2016 | quarterly | $0.70 | 2.18% | 8/17/2016 | 8/19/2016 | 9/6/2016 |
| 4/28/2016 | quarterly | $0.70 | 1.69% | 5/18/2016 | 5/20/2016 | 6/3/2016 |
| 2/24/2016 | Quarterly | $0.30 | | 3/2/2016 | 3/4/2016 | 3/17/2016 |
| 2/18/2016 | quarterly | $0.30 | 0.76% | 3/2/2016 | 3/4/2016 | 3/15/2016 |
| 11/12/2015 | quarterly | $0.30 | 0.65% | 11/19/2015 | 11/23/2015 | 12/4/2015 |
| 8/7/2015 | quarterly | $0.30 | 0.55% | 8/18/2015 | 8/20/2015 | 9/4/2015 |
| 5/11/2015 | quarterly | $0.25 | 0.6% | 5/18/2015 | 5/20/2015 | 6/4/2015 |
| 1/29/2015 | quarterly | $0.25 | 0.55% | 3/2/2015 | 3/4/2015 | 3/17/2015 |
| 12/3/2014 | special | $2.50 | | 12/17/2014 | 12/19/2014 | 1/6/2015 |
| 11/14/2013 | special | $2.25 | | 12/11/2013 | 12/13/2013 | 1/3/2014 |
(Data available from 1/1/2013 forward)
Allegiant Air (NASDAQ ALGT) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 21.00%
Institutional Ownership Percentage: 90.39%
Allegiant Air (NASDAQ ALGT) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/13/2018 | Gary Ellmer | Director | Sell | 120 | $178.40 | $21,408.00 | |  |
| 3/13/2018 | Gregory Clark Anderson | SVP | Sell | 1,650 | $178.25 | $294,112.50 | 15,935 | |
| 3/6/2018 | Maurice J Gallagher Jr | CEO | Sell | 12,645 | $163.40 | $2,066,193.00 | 2,977,169 | |
| 1/17/2018 | Maurice J Gallagher Jr | CEO | Sell | 182,182 | $167.18 | $30,457,186.76 | 3,071,196 | |
| 1/12/2018 | Maurice J Gallagher Jr | CEO | Sell | 71,678 | $165.54 | $11,865,576.12 | 3,071,196 | |
| 12/29/2017 | Maurice J Gallagher Jr | CEO | Sell | 17,818 | $155.74 | $2,774,975.32 | | |
| 12/28/2017 | Maurice J Gallagher Jr | CEO | Sell | 16,018 | $155.82 | $2,495,924.76 | 3,144,674 | |
| 12/6/2017 | Gary Ellmer | Director | Sell | 1,000 | $148.85 | $148,850.00 | 2,120 | |
| 10/27/2017 | John Redmond | President | Buy | 11,000 | $138.28 | $1,521,080.00 | 92,574 | |
| 10/27/2017 | Scott Sheldon | CFO | Sell | 5,872 | $137.63 | $808,163.36 | 21,202 | |
| 5/23/2017 | Gregory Clark Anderson | SVP | Sell | 1,500 | $142.08 | $213,120.00 | 15,054 | |
| 5/22/2017 | Gary Ellmer | Director | Sell | 135 | $142.91 | $19,292.85 | 2,120 | |
| 3/24/2017 | Gary Ellmer | Director | Sell | 580 | $162.00 | $93,960.00 | 2,255 | |
| 3/17/2017 | Jude Bricker | EVP | Sell | 4,421 | $158.67 | $701,480.07 | 21,569 | |
| 12/28/2016 | Gary Ellmer | Director | Sell | 285 | $165.76 | $47,241.60 | 2,835 | |
| 12/8/2016 | Scott Matthew Allard | Insider | Sell | 1,838 | $170.73 | $313,801.74 | 16,674 | |
| 11/10/2016 | Scott Sheldon | CFO | Sell | 2,596 | $153.70 | $399,005.20 | 20,964 | |
| 8/12/2015 | John Redmond | Director | Sell | 6,000 | $224.77 | $1,348,620.00 | | |
| 6/23/2015 | Gary Ellmer | Director | Sell | 520 | $178.82 | $92,986.40 | | |
| 2/13/2015 | Scott Matthew Allard | Insider | Sell | 1,338 | $178.69 | $239,087.22 | | |
| 12/4/2014 | Jude Bricker | SVP | Sell | 3,042 | $144.73 | $440,268.66 | | |
| 9/19/2014 | Scott Sheldon | CFO | Sell | 2,093 | $125.01 | $261,645.93 | | |
| 9/18/2014 | Scott Matthew Allard | Insider | Sell | 4,513 | $125.32 | $565,569.16 | | |
| 8/22/2014 | Andrew C Levy | COO | Sell | 25,305 | $125.11 | $3,165,908.55 | | |
| 8/21/2014 | Andrew C Levy | COO | Sell | 7,335 | $125.21 | $918,415.35 | | |
| 7/30/2014 | Gary Ellmer | Director | Sell | 1,000 | $118.60 | $118,600.00 | | |
| 9/17/2013 | Andrew Levy | President | Sell | 25,000 | $98.69 | $2,467,250.00 | 74,368 | |
| 8/6/2013 | Gary Ellmer | Director | Sell | 1,500 | $97.52 | $146,280.00 | 3,000 | |
| 6/26/2013 | Scott Sheldon | CFO | Sell | 6,963 | $106.60 | $742,255.80 | | |
(Data available from 1/1/2013 forward)
Allegiant Air (NASDAQ ALGT) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Allegiant Air (ALGT) Given New $190.00 Price Target at Stifel Nicolaus
www.americanbankingnews.com - April 26 at 11:52 AM |
 | SHAREHOLDER ALERT: Brower Piven Notifies Investors of Class Action Lawsuit And Encourages Those Who Have Losses In Excess Of $100,000 From Investment In Allegiant Travel Company (Nasdaq: ALGT) To Contact Brower Piven Before The Lead Plaintiff Deadline
feeds.benzinga.com - April 26 at 11:52 AM |
| Allegiant Air (ALGT) Rating Increased to Buy at Buckingham Research
www.americanbankingnews.com - April 26 at 10:32 AM |
 | Top Analyst Upgrades and Downgrades: Allegiant Travel, Align Technology, Chipotle, Hess, Las Vegas Sands, Nasdaq, Superior Energy and More
247wallst.com - April 26 at 9:28 AM |
 | Allegiant's (ALGT) Q1 Earnings Top Estimates, Surge Y/Y
www.zacks.com - April 26 at 9:28 AM |
 | Allegiant Air: Bookings return to near normal after '60 Minutes' report criticized safety record
www.cnbc.com - April 25 at 7:51 PM |
| Allegiant Air (ALGT) Releases Quarterly Earnings Results, Beats Estimates By $0.41 EPS
www.americanbankingnews.com - April 25 at 7:46 PM |
| Allegiant Air (ALGT) Updates FY18 Earnings Guidance
www.americanbankingnews.com - April 25 at 6:28 PM |
 | SHAREHOLDER ALERT: Pawar Law Group Announces a Securities Class Action Lawsuit Against Allegiant Travel Company - ALGT
finance.yahoo.com - April 25 at 4:27 PM |
| ALGT INVESTOR ALERT: The Law Offices of Vincent Wong Reminds Investors of an Investigation Involving Possible Securities Fraud Violations by the Board of Directors of Allegiant Travel Company
finance.yahoo.com - April 25 at 4:27 PM |
| Allegiant Travel Company First Quarter 2018 Financial Results
finance.yahoo.com - April 25 at 4:27 PM |
| Allegiant Air (ALGT) Expected to Post Earnings of $3.00 Per Share
www.americanbankingnews.com - April 25 at 3:14 PM |
| Lawsuit for Investors in shares of Allegiant Travel Company (NASDAQ: ALGT) announced by Shareholders Foundation
finance.yahoo.com - April 24 at 4:28 PM |
| SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Allegiant Travel Company - ALGT
finance.yahoo.com - April 24 at 4:28 PM |
| What to Expect From Allegiant (ALGT) This Earnings Season?
finance.yahoo.com - April 23 at 4:15 PM |
| ALGT INVESTOR ALERT: Law Offices of Howard G. Smith Continues Investigation on Behalf of Allegiant Travel Company Investors
finance.yahoo.com - April 23 at 9:24 AM |
| Deadly Southwest engine blast could shake any traveler but air travel has become remarkably safe
finance.yahoo.com - April 21 at 4:19 PM |
| Allegiant Shareholder Alert: Bernstein Liebhard LLP Investigates Claims on Behalf of Investors of Allegiant Travel Company - ALGT
finance.yahoo.com - April 19 at 4:28 PM |
| Allegiant Air (ALGT) Upgraded by Zacks Investment Research to "Hold"
www.americanbankingnews.com - April 18 at 10:50 AM |
 | Allegiant Air: Stock Could Hit $100 (Podcast)
seekingalpha.com - April 18 at 9:43 AM |
| INVESTOR ALERT: Kaplan Fox Announces Investigation Of Allegiant Travel Company
finance.yahoo.com - April 18 at 9:43 AM |
| Phoenix-Mesa Gateway Airport sees 5 straight months of passenger growth
finance.yahoo.com - April 18 at 9:43 AM |
| Allegiant Air (ALGT) Scheduled to Post Earnings on Wednesday
www.americanbankingnews.com - April 18 at 2:28 AM |
| Allegiant Air (ALGT) Upgraded to "Buy" at Zacks Investment Research
www.americanbankingnews.com - April 17 at 10:55 PM |
| Comparing Allegiant Air (ALGT) & Its Rivals
www.americanbankingnews.com - April 17 at 5:20 PM |
 | How Allegiant's woes could hit tourism in Pinellas County
www.bizjournals.com - April 17 at 4:39 PM |
| NEW INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Allegiant Travel Company And Encourages Investors With Losses In Excess of $100,000 To Contact The Firm
finance.yahoo.com - April 17 at 4:39 PM |
| How Allegiant's woes could hit tourism in Pinellas County
finance.yahoo.com - April 17 at 4:39 PM |
| Comparing Allegiant Air (ALGT) & The Competition
www.americanbankingnews.com - April 17 at 11:21 AM |
 | Allegiant Defies ’60 Minutes’ Air Pocket; Small-Caps Beat Again
www.barrons.com - April 17 at 10:02 AM |
| What's Behind the 3.1% Dip in Allegiant Travel (ALGT) Stock?
www.zacks.com - April 17 at 10:02 AM |
| Allegiant Air faces scrutiny on safety, stock drops after TV report
finance.yahoo.com - April 17 at 10:02 AM |
| CBS' 60 Minutes Landed A Haymaker on Allegiant Air But Bet On Allegiant To Win The Bout
finance.yahoo.com - April 17 at 10:02 AM |
| Investors Buy Large Volume of Allegiant Air Put Options (ALGT)
www.americanbankingnews.com - April 17 at 7:33 AM |
| Allegiant Air responds to scathing report that questions its safety record after a history of mechanical failures (ALGT)
finance.yahoo.com - April 16 at 4:13 PM |
 | '60 Minutes' Blasts Allegiant Air's Safety Record
www.investopedia.com - April 16 at 4:13 PM |
| Phoenix-Mesa Gateway Airport stands behind Allegiant Air after ‘60 Minutes’ report
www.bizjournals.com - April 16 at 4:13 PM |
 | Allegiant Air responds to scathing report that questions its safety record after a history of mechanical failures
www.businessinsider.com - April 16 at 4:13 PM |
 | Allegiant Air can ride out safety questions raised by '60 Minutes' report
www.msn.com - April 16 at 4:13 PM |
| Allegiant Travel shares tumble after '60 Minutes' questions airline’s safety practices
finance.yahoo.com - April 16 at 9:37 AM |
| Allegiant Travel shares tumble after '60 Minutes' questions airline’s safety practices
finance.yahoo.com - April 16 at 9:37 AM |
| Allegiant Travel falls after damaging 60 Minutes report
seekingalpha.com - April 16 at 8:07 AM |
 | Allegiant Air under fire after '60 Minutes' safety report
marketbeat.com - April 16 at 7:27 AM |
| Allegiant Air (ALGT) Rating Reiterated by Cowen
www.americanbankingnews.com - April 15 at 5:39 PM |
| Allegiant Air (ALGT) Receives Average Rating of "Hold" from Analysts
www.americanbankingnews.com - April 15 at 5:31 PM |
| Allegiant Air (ALGT) & The Competition Financial Review
www.americanbankingnews.com - April 14 at 11:23 PM |
| Allegiant Air (ALGT) Downgraded by BidaskClub
www.americanbankingnews.com - April 14 at 6:23 PM |
| SkyWest (SKYW) vs. Allegiant Air (ALGT) Head-To-Head Analysis
www.americanbankingnews.com - April 14 at 11:33 AM |
| Allegiant falls ahead of TV report on in-flight breakdown...
finance.yahoo.com - April 14 at 9:53 AM |
 | Allegiant Travel (ALGT) Defended at Stifel Following Negative Headlines Regarding 60 Minutes Airing This Coming Weekend
www.streetinsider.com - April 13 at 4:17 PM |
Allegiant Air (NASDAQ:ALGT) SEC Filings
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Allegiant Air (NASDAQ:ALGT) Income Statement, Balance Sheet and Cash Flow Statement
Allegiant Air (NASDAQ ALGT) Stock Chart for Thursday, April, 26, 2018
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