Allegiant Travel (NASDAQ:ALGT – Free Report) – Zacks Research research analysts rank Allegiant Travel stock for 2025 in a research report issued to clients and investors on Friday, May 17th. We have lowered our quarterly profit forecast. Zacks Research analyst M. Bass now expects the transportation company to report earnings of $2.64 per share for the current quarter, down from their previous estimate of $2.94. Allegiant Travel's current consensus estimate for full-year earnings is $4.17 per share.
Several other research analysts have also recently commented on ALGT. Raymond James lowered their target price on shares of Allegiant Travel from $110.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th. Barclays lowered their target price on Allegiant Travel from $60.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 9th. UBS Group began coverage on Allegiant Travel in a research note on Wednesday, March 20th. They gave the company a “sell” rating and set a price target of $58.00. TD Cowen lowered their target price on Allegiant Travel from his $65.00 to his $60.00 and set a “hold” rating on the stock in a research report on Wednesday, May 15th. Finally, Susquehanna lowered their target price on Allegiant Travel from $76.00 to $65.00 and set a “neutral” rating on the company in a report on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, five have rated it with a hold rating and two have rated the stock with a buy rating. Allegiant Travel currently has an average rating of “Hold” and a consensus price target of $86.00, according to data from MarketBeat.com.
Get our latest analysis for ALGT
Allegiant Travel stock falls 3.3%
Shares of ALGT stock opened at $52.98 on Monday. The stock's 50-day simple moving average is $63.02 and its 200-day simple moving average is $70.80. Allegiant Travel has a 12-month low of $51.13 and a 12-month high of $130.93. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.74, and a current ratio of 0.76. The company has a market capitalization of $965.83 million, a price-to-earnings ratio of 16.77x, a PEG ratio of 1.23x, and a beta of 1.63x.
Allegiant Travel (NASDAQ:ALGT – Get a Free Report) last posted its earnings results on Tuesday, May 7th. The transportation company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.06. The company had revenue of $656.70 million for the quarter, compared to analyst expectations of $645.23 million. Allegiant Travel had a return on equity of 0.50% and a net profit margin of 2.26%. Revenue from this business increased by 1.1% year-on-year. The company's earnings per share for the same period last year were $3.04.
Hedge funds involved in loyalty travel
Institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in shares of His Allegiant Travel in the 4th quarter valued at $141.35 million. Donald Smith & CO. grew his position in Allegiant Travel by 106.7% in the 1st quarter. Donald Smith & CO. Inc. now owns 309,781 shares of the shipping company's stock valued at $23,299,000 after acquiring an additional 159,892 shares in the last quarter. US Global Investors Inc. increased its position in Allegiant Travel by 23.4% in the 4th quarter. US Global Investors Inc. now owns 647,055 shares of the company's stock worth $53,453,000 after acquiring an additional 122,844 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new position in shares of His Allegiant Travel in the 3rd quarter valued at approximately $8,248,000. Finally, Dimensional Fund Advisors LP increased his holdings in shares of Allegiant Travel by 14.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 798,573 shares of the company's stock valued at $65,972,000 after purchasing an additional 98,662 shares in the last quarter. Institutional investors own 85.81% of the company's stock.
Insiders place bets
In related news, Chief Marketing Officer (CMO) Scott Wayne D'Angelo sold 19,687 shares of the company's stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $53.68, for a total value of $1,056,798.16. Following the sale, the chief marketing officer now owns 64,812 shares of the company's stock, valued at $3,479,108.16. The transaction was disclosed in his legal filing with the SEC, which can be accessed through this hyperlink. In other news, Vice President Robert Paul Wilson III sold 4,600 shares of the company's stock in a transaction on Friday, May 10th. The shares were sold at an average price of $54.00, for a total value of $248,400.00. Following the sale, the executive vice president now owns 75,698 shares of the company's stock, valued at approximately $4,087,692. The sale was disclosed in a filing with the Securities and Exchange Commission, which can be accessed on the SEC's website. Also, Chief Marketing Officer (CMO) Scott Wayne D'Angelo sold 19,687 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $53.68, for a total transaction of $1,056,798.16. Following the sale, the chief marketing officer now owns 64,812 shares of the company's stock, valued at approximately $3,479,108.16. Disclosures regarding this sale can be found here. Company insiders own 17.50% of the company's stock.
Allegiant Travel Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors who registered on Wednesday, May 15th will be given a dividend of $0.60. The ex-dividend date for this dividend is May 14th (Tuesday). This equates to an annual dividend of $2.40 and a yield of 4.53%. Allegiant Travel's dividend payout ratio (DPR) is currently 75.95%.
Allegiant Travel Company Profile
(Get Free Report)
Allegiant Travel Company is a leisure travel company that provides travel services and products to residents of underserved cities in the United States. The company provides scheduled air transportation between underserved cities and leisure destinations on a limited number of direct flights. As of February 1, 2024, it operates 126 Airbus A320 series aircraft.
Featured Stories
Receive daily Allegiant Travel news and reviews – Enter your email address below to receive a concise, daily summary of the latest news and analyst ratings for Allegiant Travel and related companies with MarketBeat.com's free daily email newsletter.
