Allegiant Travel (NASDAQ:ALGT – Free Report) – Zacks Research upgraded its Q1 2025 earnings per share (EPS) estimates for shares of Allegiant Travel in a report published on Thursday, March 21st. . Zacks Research analyst M. Basu now expects the transportation company to post earnings of $2.20 per share for the quarter, up from their previous estimate of $1.97. Allegiant Travel's current consensus estimate for full-year earnings is $6.68 per share. Zacks Research also predicts Allegiant Travel's second quarter 2025 earnings will be $2.32 EPS, third quarter 2025 earnings will be $2.60 EPS, fourth quarter 2025 earnings will be $3.16 EPS, and fiscal 2025 earnings will be $10.27 EPS. The company also announced a forecast for FY2026 profit of $10.36 EPS.
Several other equity research analysts also commented on ALGT. UBS Group agreed to cover Allegiant Travel in a research report on Wednesday. They gave the stock a “sell” rating and set a target price of $58.00. Raymond James lowered their target price on Allegiant Travel from $110 to $100 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. TD Cowen increased their target price on Allegiant Travel from $82.00 to $85.00 and gave the company a “market perform” rating in a research report on Tuesday, February 6th. Finally, Susquehanna lowered their target price on Allegiant Travel from $80.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Three equities research analysts have rated the stock with a sell rating, five have rated it a hold, and two have rated the stock with a buy rating. According to MarketBeat, Allegiant Travel currently has an average rating of “Hold” and a consensus price target of $91.75.
Get the latest research reports on ALGT
Allegiant Travel Trading up 0.5%
Nasdaq ALGT opened Friday at $72.40. Allegiant Travel has a 12-month low of $54.87 and a 12-month high of $130.93. The company's current ratio is 0.83, quick ratio is 0.80, and debt-to-equity ratio is 1.37. His 50 day moving average price for this company is $75.55 and his 200 day moving average price is $75.13. The company has a market capitalization of $1.32 billion, a P/E ratio of 11.46x, a price-to-earnings ratio of 0.84x, and a beta of 1.58x.
Allegiant Travel (NASDAQ:ALGT – Get Free Report) last released its quarterly earnings results on Monday, February 5th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.52. Allegiant Travel had a return on equity of 3.80% and a net profit margin of 4.54%. The company had revenue of $611 million for the quarter, compared to analyst expectations of $596.42 million. In the same period last year, the company's EPS was $3.17. Revenue for this business decreased 0.1% year over year.
Allegiant Travel Institutional Trading
Hedge funds and other institutional investors have recently made changes to their positions in the stock. US Bancorp DE increased its stake in Allegiant Travel by 13.0% in the 1st quarter. US Bancorp DE now owns 1,158 shares of the transportation company's stock valued at $188,000 after purchasing an additional 133 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Allegiant Travel by 20.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,522 shares of the company's stock valued at $410,000 after purchasing an additional 432 shares during the last quarter. Citigroup boosted its stake in Allegiant Travel by 4.9% in the first quarter. Citigroup now owns 20,574 shares of the company's stock valued at $3,341,000 after purchasing an additional 959 shares in the last quarter. AlphaCrest Capital Management LLC bought a new stake in his Allegiant Travel in the 1st quarter valued at $390,000. Finally, Banque de Montréal Can increased its stake in Allegiant Travel by 5.0% in the 1st quarter. Banque de Montreal-Can now owns 4,774 shares of the company's stock valued at $771,000 after purchasing an additional 228 shares during the last quarter. Hedge funds and other institutional investors own 81.23% of the company's stock.
Insiders place bets
In other Allegiant Travel news, Director Gary Elmer sold 2,000 shares of the company's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $79.10, for a total transaction of $158,200.00. Following the transaction, the director now owns 8,490 shares of the company's stock, valued at approximately $671,559. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through this hyperlink. Insiders own 17.50% of the company's stock.
Allegiant Travel Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, February 15th were issued a dividend of $0.60 per share. The ex-dividend date for this dividend was Wednesday, February 14th. This equates to an annualized dividend of $2.40 and a dividend yield of 3.31%. Allegiant Travel's dividend payout ratio (DPR) is 37.97%.
About Allegiant Travel
(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 a fleet of 126 Airbus A320 series aircraft.
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