Zacks Research Issues Optimistic Outlook for ALGT Earnings

Allegiant Travel Company (NASDAQ:ALGT) – Research analysts at Zacks Research lifted their Q2 2027 earnings per share estimates for Allegiant Travel in a report released on Wednesday, February 18th. Zacks Research analyst Team now expects that the transportation company will post earnings of $2.16 per share for the quarter, up from their previous forecast of $1.89. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Allegiant Travel’s current full-year earnings is $7.70 per share. Zacks Research also issued estimates for Allegiant Travel’s FY2028 earnings at $12.80 EPS.

Several other brokerages have also recently commented on ALGT. Barclays raised their target price on Allegiant Travel from $60.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Monday, January 12th. Raymond James Financial downgraded shares of Allegiant Travel from a “strong-buy” rating to an “outperform” rating and raised their price objective for the stock from $78.00 to $98.00 in a report on Friday, December 19th. Wall Street Zen upgraded shares of Allegiant Travel from a “sell” rating to a “hold” rating in a research report on Sunday, December 28th. Morgan Stanley upped their target price on shares of Allegiant Travel from $85.00 to $100.00 and gave the company an “equal weight” rating in a research note on Thursday, February 5th. Finally, Susquehanna restated a “positive” rating and set a $110.00 price target on shares of Allegiant Travel in a research note on Friday, February 6th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $100.18.

Allegiant Travel Price Performance

Shares of ALGT stock opened at $104.18 on Friday. Allegiant Travel has a 12 month low of $39.80 and a 12 month high of $118.00. The company has a market capitalization of $1.91 billion, a P/E ratio of -40.54, a P/E/G ratio of 0.26 and a beta of 1.64. The stock has a 50 day moving average of $93.16 and a two-hundred day moving average of $74.32. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 1.76.

Institutional Trading of Allegiant Travel

Several large investors have recently added to or reduced their stakes in ALGT. Hantz Financial Services Inc. increased its holdings in shares of Allegiant Travel by 442.0% during the third quarter. Hantz Financial Services Inc. now owns 542 shares of the transportation company’s stock worth $33,000 after buying an additional 442 shares in the last quarter. Signaturefd LLC grew its position in Allegiant Travel by 27.3% during the 4th quarter. Signaturefd LLC now owns 546 shares of the transportation company’s stock worth $47,000 after acquiring an additional 117 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Allegiant Travel by 28.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 930 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 205 shares in the last quarter. NewEdge Advisors LLC raised its position in Allegiant Travel by 43.7% in the 2nd quarter. NewEdge Advisors LLC now owns 1,227 shares of the transportation company’s stock valued at $67,000 after purchasing an additional 373 shares during the last quarter. Finally, AlphaQuest LLC raised its position in Allegiant Travel by 119.2% in the 3rd quarter. AlphaQuest LLC now owns 1,120 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 609 shares during the last quarter. 85.81% of the stock is owned by institutional investors.

Insider Activity

In related news, Chairman Maurice J. Gallagher, Jr. sold 861 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $114.00, for a total transaction of $98,154.00. Following the completion of the sale, the chairman owned 150,000 shares in the company, valued at $17,100,000. This trade represents a 0.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last ninety days, insiders have sold 300,000 shares of company stock worth $34,350,512. Company insiders own 14.70% of the company’s stock.

About Allegiant Travel

Allegiant Travel Company is a holding company that operates Allegiant Air, a low‐cost leisure airline offering scheduled and charter air service. The company focuses on connecting underserved secondary markets with popular vacation destinations across the United States. By targeting price‐sensitive leisure travelers, Allegiant Air operates a point‐to‐point network that avoids the traditional hub‐and‐spoke model, providing non‐stop flights from smaller cities to resort and entertainment hubs.

In addition to its core flight operations, Allegiant Travel Company offers packaged travel services that include hotel accommodations, rental cars and attraction tickets through its online portal.