Allegiant Travel (ALGT) Set to Announce Quarterly Earnings on Wednesday

Allegiant Travel (NASDAQ:ALGT) will be posting its quarterly earnings results after the market closes on Wednesday, July 31st. Analysts expect Allegiant Travel to post earnings of $0.88 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Allegiant Travel (NASDAQ:ALGT) last released its quarterly earnings data on Tuesday, May 7th. The transportation company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.06. Allegiant Travel had a return on equity of 0.50% and a net margin of 2.26%. The firm had revenue of $656.70 million during the quarter, compared to analyst estimates of $645.23 million. During the same period in the prior year, the company posted $3.04 earnings per share. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, analysts expect Allegiant Travel to post $3 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Allegiant Travel Stock Performance

Allegiant Travel stock opened at $51.58 on Tuesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.76 and a quick ratio of 0.74. The stock has a fifty day moving average price of $50.59 and a two-hundred day moving average price of $62.60. Allegiant Travel has a 52-week low of $43.91 and a 52-week high of $128.27. The firm has a market capitalization of $940.30 million, a P/E ratio of 16.32, a P/E/G ratio of 2.19 and a beta of 1.66.

Allegiant Travel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $2.40 annualized dividend and a yield of 4.65%. Allegiant Travel’s dividend payout ratio is currently 75.95%.

Insiders Place Their Bets

In other Allegiant Travel news, COO Keny Frank Wilper sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $51.00, for a total transaction of $51,000.00. Following the transaction, the chief operating officer now owns 9,422 shares in the company, valued at $480,522. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP Robert Paul Wilson III sold 750 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $53.00, for a total transaction of $39,750.00. Following the sale, the executive vice president now owns 74,948 shares of the company’s stock, valued at $3,972,244. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Keny Frank Wilper sold 1,000 shares of Allegiant Travel stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $51.00, for a total value of $51,000.00. Following the completion of the sale, the chief operating officer now directly owns 9,422 shares in the company, valued at approximately $480,522. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,037 shares of company stock worth $1,395,948. Insiders own 17.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft cut Allegiant Travel from a “buy” rating to a “hold” rating and decreased their target price for the stock from $75.00 to $53.00 in a report on Monday, July 8th. Susquehanna decreased their target price on Allegiant Travel from $60.00 to $55.00 and set a “neutral” rating on the stock in a report on Tuesday, July 16th. Barclays decreased their target price on Allegiant Travel from $55.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Evercore ISI decreased their price target on Allegiant Travel from $85.00 to $60.00 and set an “in-line” rating on the stock in a report on Monday, July 15th. Finally, TD Cowen decreased their price target on Allegiant Travel from $60.00 to $39.00 and set a “hold” rating on the stock in a report on Wednesday, July 17th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $62.13.

Allegiant Travel Company Profile

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 1, 2024, it operated a fleet of 126 Airbus A320 series aircraft.