Zacks Research Issues Pessimistic Forecast for ALGT Earnings

Allegiant Travel (NASDAQ:ALGT) – Zacks Research lowered their Q4 2024 EPS estimates for shares of Allegiant Travel in a research note issued on Wednesday, November 13th. Zacks Research analyst R. Department now expects that the transportation company will earn $0.77 per share for the quarter, down from their prior estimate of $0.79. The consensus estimate for Allegiant Travel’s current full-year earnings is $1.04 per share. Zacks Research also issued estimates for Allegiant Travel’s Q1 2025 earnings at $2.01 EPS, Q2 2025 earnings at $2.24 EPS and Q1 2026 earnings at $1.72 EPS.

A number of other brokerages also recently issued reports on ALGT. Wolfe Research downgraded shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. Susquehanna raised their price target on shares of Allegiant Travel from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Barclays increased their price objective on shares of Allegiant Travel from $50.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday. TD Cowen raised their price target on shares of Allegiant Travel from $42.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Finally, Evercore ISI raised their price target on shares of Allegiant Travel from $60.00 to $65.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $68.50.

Allegiant Travel Stock Up 2.1 %

ALGT stock opened at $76.08 on Friday. The company has a market cap of $1.40 billion, a price-to-earnings ratio of -50.72, a PEG ratio of 5.92 and a beta of 1.61. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 1.36. Allegiant Travel has a 12 month low of $36.08 and a 12 month high of $85.91. The firm has a 50-day moving average of $57.21 and a two-hundred day moving average of $51.71.

Institutional Trading of Allegiant Travel

A number of institutional investors have recently added to or reduced their stakes in ALGT. Donald Smith & CO. Inc. lifted its holdings in shares of Allegiant Travel by 166.7% in the second quarter. Donald Smith & CO. Inc. now owns 826,326 shares of the transportation company’s stock valued at $41,506,000 after purchasing an additional 516,545 shares in the last quarter. U S Global Investors Inc. raised its position in shares of Allegiant Travel by 51.9% in the third quarter. U S Global Investors Inc. now owns 741,429 shares of the transportation company’s stock valued at $40,823,000 after buying an additional 253,198 shares during the last quarter. Clearbridge Investments LLC acquired a new position in shares of Allegiant Travel in the second quarter valued at approximately $8,959,000. Millennium Management LLC raised its position in shares of Allegiant Travel by 779.8% in the second quarter. Millennium Management LLC now owns 169,459 shares of the transportation company’s stock valued at $8,512,000 after buying an additional 150,197 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Allegiant Travel in the third quarter valued at approximately $63,540,000. Hedge funds and other institutional investors own 85.81% of the company’s stock.

Insider Buying and Selling

In other news, COO Keny Frank Wilper sold 635 shares of Allegiant Travel stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $62.69, for a total value of $39,808.15. Following the sale, the chief operating officer now owns 16,353 shares of the company’s stock, valued at $1,025,169.57. The trade was a 3.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary Ellmer sold 1,000 shares of Allegiant Travel stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $45.00, for a total transaction of $45,000.00. Following the completion of the sale, the director now directly owns 7,490 shares in the company, valued at approximately $337,050. The trade was a 11.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,334 shares of company stock worth $117,158 in the last ninety days. 15.80% of the stock is owned by corporate 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.