Allegiant Travel Company Company Profile (NASDAQ:ALGT)

Allegiant Travel Company trades on the NASDAQ under the ticker symbol "ALGT."

Allegiant Travel Company declared a quarterly dividend on Monday, August 7th. Shareholders of record on Friday, August 18th will be given a dividend of $0.70 per share on Tuesday, September 5th. This represents a $2.80 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Wednesday, August 16th. View Allegiant Travel Company's Dividend History.

Allegiant Travel Company announced that its board has initiated a stock buyback plan on Thursday, July 27th 2017, which allows the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Allegiant Travel Company (NASDAQ:ALGT) posted its quarterly earnings data on Wednesday, July, 26th. The company reported $2.94 EPS for the quarter, missing the consensus estimate of $2.96 by $0.02. The firm had revenue of $400.60 million for the quarter, compared to analysts' expectations of $399.58 million. Allegiant Travel Company had a return on equity of 37.66% and a net margin of 12.23%. The business's quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the previous year, the company earned $3.68 EPS. View Allegiant Travel Company's Earnings History.

Allegiant Travel Company is scheduled to release their next quarterly earnings announcement on Wednesday, October, 25th 2017. View Earnings Estimates for Allegiant Travel Company.

13 equities research analysts have issued 1 year price objectives for Allegiant Travel Company's shares. Their predictions range from $130.00 to $186.00. On average, they expect Allegiant Travel Company's stock price to reach $153.27 in the next year. View Analyst Ratings for Allegiant Travel Company.

Here are some recent quotes from research analysts about Allegiant Travel Company stock:

• 1. According to Zacks Investment Research, "Even though shares of Allegiant have underperformed its industry so far this year, we remain positive on the improved scenario with respect to total revenue per available seat miles (TRASM). The metric improved 3.1% in the second quarter aided by the shift of Easter into April. Additionally, we are impressed by Allegiant’s efforts to reward shareholders. The company’s efforts to modernize its fleet are also encouraging. However, we remain mindful of the high labor costs, which hurt the bottom line in the second quarter. Consequently, earnings contracted 20.11% on a year-over-year basis and also missed the Zacks Consensus Estimate. High costs are expected to limit bottom-line growth in the third quarter as well." (7/28/2017)
• 2. Imperial Capital analysts commented, "While ALGT now faces a number of operational and cost challenges as it transitions to a single aircraft type from its current mixed fleet, it plans to maintain lower capacity growth of 5–10 percent between FY17 and FY19," analyst Michael Derchin wrote in a note.In addition, the airline attracts leisure customers with low fares then aggressively markets higher-margin vacation packages and ancillary products.,p>Further, Derchin said mid-sized markets offers significant growth opportunity as many of these mid-sized cities, such as Cincinnati and Cleveland, were former hubs of the Big 3 (American Airlines Group Inc (NASDAQ: AAL), Delta Air Lines, Inc. (NYSE: DAL) and United Continental Holdings Inc (NYSE: UAL)) that have been "de-hubbed" following consolidation.Meanwhile, Allegiant is transitioning to an all-Airbus fleet over the next few years. The company plans to retire its highly profitable but aging MD-80 fleet by FY19, and is replacing those aircraft with a combination of new and used A320s."Following the MD-80 replacement period, capacity growth is expected to resume between 10 percent and 15 percent per year as a result of ALGT's scalable business model and numerous profitable market opportunities," (10/7/2016)

Some companies that are related to Allegiant Travel Company include Landstar System (LSTR), Swift Transportation Company (SWFT), Kirby Corporation (KEX), Swift Transportation Company (KNX), Werner Enterprises (WERN), GATX Corporation (GATX), Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (OMAB), Spirit Airlines (SAVE), SkyWest (SKYW), Golar LNG Limited (GLNG), Hawaiian Holdings (HA), Heartland Express (HTLD), PostNL NV (PNLYY), Hertz Global Holdings (HTZ), Aircastle Limited (AYR), Atlas Air Worldwide Holdings (AAWW), Forward Air Corporation (FWRD) and Gol Linhas Aereas Inteligentes S.A. (GOL).

Allegiant Travel Company's management team includes the folowing people:

• Maurice J. Gallagher Jr., Chairman of the Board, Chief Executive Officer
• John T. Redmond, President, Director
• Scott Sheldon, Chief Financial Officer, Interim Chief Operating Officer, Executive Vice President
• Scott M. Allard, Executive Vice President, Chief Information Officer
• M. Ponder Harrison, Executive Vice President, Chief Marketing Officer
• Gregory Clark Anderson, Senior Vice President, Treasury and Principal Accounting Officer
• Montie R. Brewer, Independent Director
• Gary Ellmer, Independent Director
• Linda A. Marvin, Independent Director
• Charles W. Pollard, Independent Director

Allegiant Travel Company's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.52%), Vanguard Group Inc. (7.27%), Renaissance Technologies LLC (7.01%), FMR LLC (6.26%), Wasatch Advisors Inc. (4.44%) and TimesSquare Capital Management LLC (4.18%). Company insiders that own Allegiant Travel Company stock include Gary Ellmer, Gregory Clark Anderson, Jude Bricker, Scott Matthew Allard and Scott Sheldon. View Institutional Ownership Trends for Allegiant Travel Company.

Allegiant Travel Company's stock was sold by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Renaissance Technologies LLC, Schroder Investment Management Group, Prudential Financial Inc., TIAA CREF Investment Management LLC, Alliancebernstein L.P., Citigroup Inc. and Wasatch Advisors Inc.. Company insiders that have sold Allegiant Travel Company stock in the last year include Gary Ellmer, Gregory Clark Anderson, Jude Bricker, Scott Matthew Allard and Scott Sheldon. View Insider Buying and Selling for Allegiant Travel Company.

Allegiant Travel Company's stock was bought by a variety of institutional investors in the last quarter, including Capital Research Global Investors, FMR LLC, TimesSquare Capital Management LLC, Investment Counselors of Maryland LLC, New York State Common Retirement Fund, Mutual of America Capital Management LLC, Goldman Sachs Group Inc. and Coatue Management LLC. View Insider Buying and Selling for Allegiant Travel Company.

Shares of Allegiant Travel Company can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Allegiant Travel Company stock can currently be purchased for approximately $123.00.