Allegiant Travel (NASDAQ:ALGT – Free Report ) – Zacks Research boosted their Q1 2025 earnings per share (EPS) estimates for shares of Allegiant Travel in a report issued on Thursday, March 21st. Zacks Research analyst M. Basu now forecasts that the transportation company will post earnings of $2.20 per share for the quarter, up from their prior estimate of $1.97. The consensus estimate for Allegiant Travel’s current full-year earnings is $6.68 per share. Zacks Research also issued estimates for Allegiant Travel’s Q2 2025 earnings at $2.32 EPS, Q3 2025 earnings at $2.60 EPS, Q4 2025 earnings at $3.16 EPS, FY2025 earnings at $10.27 EPS and FY2026 earnings at $10.00 EPS. 36 EPS.
Several other equities analysts have also commented on ALGT. UBS Group assumed coverage on Allegiant Travel in a research report on Wednesday. They set a “sell” rating and a $58.00 target price on the stock. Raymond James reduced their target price on Allegiant Travel from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 6th. TD Cowen boosted 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 cut their target price on Allegiant Travel from $80.00 to $76.00 and set a “neutral” rating on the stock in a research report on Friday, February 9th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Allegiant Travel currently has an average rating of “Hold” and a consensus target price of $91.75, according to MarketBeat .
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Allegiant Travel Trading up 0.5%
NASDAQ ALGT opened at $72.40 on Friday. Allegiant Travel has a 12-month low of $54.87 and a 12-month high of $130.93. The company has a current ratio of 0.83, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. The business’s 50-day moving average is $75.55, and its 200-day moving average is $75.13. The firm has a market cap of $1.32 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 0.84 and a beta of 1.58.
Allegiant Travel (NASDAQ:ALGT – Get Your Free Report ) last posted its quarterly earnings results on Monday, February 5th. The transportation company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.52. Allegiant Travel had a return on equity of 3.80% and a net margin of 4.54%. The firm had revenue of $611.00 million for the quarter, compared to analyst estimates of $596.42 million. In the same quarter last year, the company reported $3.17 EPS. Business revenues are down .1% year over year.
Allegiant Travel Institutional Trade
Hedge funds and other institutional investors have recently made changes to their positions in the stock. US Bancorp DE boosted its stake in Allegiant Travel by 13.0% in the first 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. raised its stake in Allegiant Travel by 20.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,522 shares of the transportation company’s stock valued at $410,000 after purchasing an additional 432 shares in the last quarter. Citigroup Inc. raised its stake in Allegiant Travel by 4.9% during the first quarter. Citigroup Inc. now owns 20,574 shares of the transportation company’s stock valued at $3,341,000 after buying an additional 959 shares in the last quarter. AlphaCrest Capital Management LLC purchased a new stake in Allegiant Travel in the first quarter valued at $390,000. Finally, Bank of Montreal Can increased its stake in Allegiant Travel by 5.0% in the first quarter. Bank of Montreal Can now owns 4,774 shares of the transportation company’s stock valued at $771,000 after buying an additional 228 shares in the last quarter. Hedge funds and other institutional investors own 81.23% of the company’s shares.
Insiders place their bets
In other Allegiant Travel news, Director Gary Elmer sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were 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 in the company, valued at approximately $671,559. The transaction was disclosed in a filing with the Securities and Exchange Commission, which can be accessed via this hyperlink. Company insiders own 17.50% of the company’s shares.
Allegiant Travel announces dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 15th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents 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
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Allegiant Travel Company, a leisure travel company, provides travel services and products to residents of underserved cities in the United States. The company offers scheduled air transport on limited frequencies, direct flights between underserved cities and leisure destinations. As of February 1, 2024, it operates a fleet of 126 Airbus A320 aircraft.
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