Allegiant Travel (ALGT) Scheduled to Post Earnings on Tuesday

Allegiant Travel (NASDAQ:ALGT) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect Allegiant Travel to post earnings of $0.84 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Allegiant Travel (NASDAQ:ALGT) last released its quarterly earnings results on Monday, February 5th. The transportation company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.52. Allegiant Travel had a net margin of 4.54% and a return on equity of 3.80%. The firm had revenue of $611.00 million for the quarter, compared to analysts’ expectations of $596.42 million. During the same period in the prior year, the firm earned $3.17 EPS. The business’s revenue was down .1% on a year-over-year basis. On average, analysts expect Allegiant Travel to post $5 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Allegiant Travel Stock Performance

Shares of NASDAQ:ALGT traded down $0.56 on Monday, reaching $55.07. 18,228 shares of the company’s stock were exchanged, compared to its average volume of 264,780. The company has a fifty day moving average of $66.73 and a 200-day moving average of $71.83. Allegiant Travel has a twelve month low of $52.38 and a twelve month high of $130.93. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 8.80, a PEG ratio of 1.16 and a beta of 1.63. The company has a current ratio of 0.83, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37.

Insider Activity

In related news, Director Gary Ellmer sold 2,000 shares of Allegiant Travel stock in a transaction 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 completion of the transaction, the director now owns 8,490 shares of the company’s stock, valued at $671,559. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 17.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on ALGT. UBS Group began coverage on shares of Allegiant Travel in a research report on Wednesday, March 20th. They set a “sell” rating and a $58.00 target price on the stock. TD Cowen increased their price target on shares of Allegiant Travel from $82.00 to $85.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 6th. Raymond James reduced their price target on shares of Allegiant Travel from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 6th. Susquehanna reduced their price target on shares of Allegiant Travel from $76.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 9th. Finally, Barclays reduced their price target on shares of Allegiant Travel from $65.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Friday, April 5th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $89.75.

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.