Zacks Research Forecasts Lower Earnings for Allegiant Travel

Allegiant Travel (NASDAQ:ALGT) – Equities research analysts at Zacks Research lowered their FY2024 earnings per share (EPS) estimates for shares of Allegiant Travel in a report released on Wednesday, November 13th. Zacks Research analyst R. Department now expects that the transportation company will post earnings of $1.09 per share for the year, down from their prior forecast of $1.34. The consensus estimate for Allegiant Travel’s current full-year earnings is $1.00 per share. Zacks Research also issued estimates for Allegiant Travel’s Q3 2025 earnings at $0.25 EPS, Q4 2025 earnings at $0.46 EPS, FY2025 earnings at $4.96 EPS, Q2 2026 earnings at $1.22 EPS, Q3 2026 earnings at $2.08 EPS and FY2026 earnings at $7.76 EPS.

Several other research analysts also recently commented on ALGT. Barclays raised their target price on Allegiant Travel from $50.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday. The Goldman Sachs Group restated a “neutral” rating and set a $83.00 price objective on shares of Allegiant Travel in a research report on Friday. Susquehanna increased their target price on Allegiant Travel from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. TD Cowen lifted their price target on Allegiant Travel from $42.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Finally, Evercore ISI increased their price objective on 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, eight have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $70.11.

Allegiant Travel Price Performance

ALGT opened at $77.69 on Monday. The firm has a 50-day moving average price of $57.95 and a 200-day moving average price of $51.82. Allegiant Travel has a twelve month low of $36.08 and a twelve month high of $85.91. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of -51.79, a PEG ratio of 6.17 and a beta of 1.61.

Insider Buying and Selling

In other Allegiant Travel news, Director Gary Ellmer sold 1,000 shares of Allegiant Travel stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $45.00, for a total transaction of $45,000.00. Following the transaction, the director now owns 7,490 shares of the company’s stock, valued at $337,050. The trade was a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Keny Frank Wilper sold 635 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $62.69, for a total value of $39,808.15. Following the completion of 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,931 shares of company stock worth $101,372. 15.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Allegiant Travel

Several institutional investors and hedge funds have recently modified their holdings of the stock. Signaturefd LLC boosted its position in shares of Allegiant Travel by 149.2% during the 3rd quarter. Signaturefd LLC now owns 456 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 273 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Allegiant Travel by 136.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 526 shares of the transportation company’s stock worth $29,000 after buying an additional 304 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of Allegiant Travel in the 2nd quarter worth about $34,000. CWM LLC lifted its holdings in shares of Allegiant Travel by 275.1% in the 2nd quarter. CWM LLC now owns 1,268 shares of the transportation company’s stock valued at $64,000 after acquiring an additional 930 shares during the last quarter. Finally, NBC Securities Inc. grew its position in Allegiant Travel by 2,827.9% in the third quarter. NBC Securities Inc. now owns 1,259 shares of the transportation company’s stock worth $69,000 after acquiring an additional 1,216 shares in the last quarter. Institutional investors own 85.81% of the company’s stock.

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.