Q1 EPS Estimates for Allegiant Travel Cut by Seaport Res Ptn

Allegiant Travel (NASDAQ:ALGT) – Analysts at Seaport Res Ptn lowered their Q1 2025 earnings per share estimates for Allegiant Travel in a research report issued to clients and investors on Wednesday, February 5th. Seaport Res Ptn analyst D. Mckenzie now expects that the transportation company will post earnings per share of $2.20 for the quarter, down from their previous estimate of $2.40. The consensus estimate for Allegiant Travel’s current full-year earnings is $2.43 per share. Seaport Res Ptn also issued estimates for Allegiant Travel’s FY2026 earnings at $11.25 EPS and FY2027 earnings at $12.50 EPS.

Allegiant Travel (NASDAQ:ALGT) last released its quarterly earnings results on Tuesday, February 4th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $1.62. Allegiant Travel had a positive return on equity of 0.63% and a negative net margin of 1.04%.

Other equities analysts have also issued research reports about the company. StockNews.com raised Allegiant Travel from a “sell” rating to a “hold” rating in a report on Wednesday, January 15th. The Goldman Sachs Group raised their price target on Allegiant Travel from $83.00 to $92.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. Morgan Stanley raised their price target on Allegiant Travel from $90.00 to $95.00 and gave the stock an “equal weight” rating in a report on Thursday. Barclays lifted their price objective on Allegiant Travel from $85.00 to $100.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Finally, TD Cowen lifted their price objective on Allegiant Travel from $50.00 to $70.00 and gave the company a “hold” rating in a report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Allegiant Travel currently has an average rating of “Hold” and a consensus target price of $80.10.

Allegiant Travel Stock Performance

NASDAQ ALGT opened at $90.49 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 1.36. Allegiant Travel has a 52-week low of $36.08 and a 52-week high of $107.57. The business’s 50-day moving average price is $93.15 and its 200 day moving average price is $68.13. The firm has a market cap of $1.66 billion, a P/E ratio of -60.33, a P/E/G ratio of 1.36 and a beta of 1.63.

Insider Activity

In other news, Director Sandra Douglass Morgan sold 350 shares of Allegiant Travel stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $80.77, for a total transaction of $28,269.50. Following the completion of the sale, the director now directly owns 11,650 shares in the company, valued at approximately $940,970.50. This trade represents a 2.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Maurice J. Gallagher, Jr. sold 28,319 shares of Allegiant Travel stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $84.46, for a total transaction of $2,391,822.74. Following the sale, the chairman now owns 2,147,730 shares of the company’s stock, valued at approximately $181,397,275.80. The trade was a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 15.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ALGT. AQR Capital Management LLC acquired a new position in shares of Allegiant Travel during the 2nd quarter worth approximately $450,000. Creative Planning raised its position in shares of Allegiant Travel by 139.6% during the 2nd quarter. Creative Planning now owns 9,875 shares of the transportation company’s stock worth $496,000 after purchasing an additional 5,753 shares during the last quarter. Inspire Investing LLC raised its position in shares of Allegiant Travel by 8.1% during the 3rd quarter. Inspire Investing LLC now owns 7,490 shares of the transportation company’s stock worth $412,000 after purchasing an additional 562 shares during the last quarter. NBC Securities Inc. raised its position in shares of Allegiant Travel by 2,827.9% during the 3rd quarter. NBC Securities Inc. now owns 1,259 shares of the transportation company’s stock worth $69,000 after purchasing an additional 1,216 shares during the last quarter. Finally, SeaCrest Wealth Management LLC raised its position in shares of Allegiant Travel by 8.1% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 6,010 shares of the transportation company’s stock worth $331,000 after purchasing an additional 450 shares during the last quarter. 85.81% of the stock is currently owned by institutional investors and hedge funds.

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.