Allegiant Travel (NASDAQ:ALGT – Get Free Report) updated its third quarter 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of -2.250–1.750 for the period, compared to the consensus estimate of -2.560. The company issued revenue guidance of -.
Allegiant Travel Price Performance
Shares of NASDAQ:ALGT opened at $45.81 on Friday. The company’s fifty day moving average price is $43.92 and its 200-day moving average price is $53.24. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.74 and a quick ratio of 0.71. The firm has a market capitalization of $835.21 million, a price-to-earnings ratio of 14.50, a PEG ratio of 5.50 and a beta of 1.64. Allegiant Travel has a one year low of $36.08 and a one year high of $85.91.
Allegiant Travel (NASDAQ:ALGT – Get Free Report) last released its earnings results on Wednesday, July 31st. The transportation company reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.93. Allegiant Travel had a positive return on equity of 3.48% and a negative net margin of 0.57%. The business had revenue of $666.28 million for the quarter, compared to analysts’ expectations of $657.74 million. During the same quarter in the prior year, the firm earned $4.35 earnings per share. The firm’s revenue was down 2.6% on a year-over-year basis. On average, equities research analysts anticipate that Allegiant Travel will post 0.96 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Get Our Latest Stock Analysis on Allegiant Travel
Insider Activity at Allegiant Travel
In other news, Director Gary Ellmer sold 1,000 shares of Allegiant Travel stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $45.00, for a total value of $45,000.00. Following the sale, the director now directly owns 7,490 shares in the company, valued at approximately $337,050. The sale was disclosed in a filing with the SEC, which is available through this link. 17.50% of the stock is owned by company insiders.
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.
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