Analysts Expect Allegiant Travel (NASDAQ:ALGT) to Announce $1.15 EPS

Brokerages expect Allegiant Travel (NASDAQ:ALGT) to report $1.15 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Allegiant Travel’s earnings, with estimates ranging from $1.01 to $1.27. Allegiant Travel reported earnings per share of ($1.12) during the same quarter last year, which would suggest a positive year over year growth rate of 202.7%. The firm is scheduled to announce its next earnings report on Wednesday, February 2nd.

According to Zacks, analysts expect that Allegiant Travel will report full year earnings of $1.94 per share for the current year, with EPS estimates ranging from $1.81 to $2.07. For the next year, analysts expect that the firm will post earnings of $12.58 per share, with EPS estimates ranging from $9.20 to $16.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Allegiant Travel.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings results on Tuesday, October 26th. The transportation company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.02. The business had revenue of $459.47 million for the quarter, compared to analyst estimates of $451.35 million. Allegiant Travel had a negative return on equity of 0.35% and a net margin of 7.71%. The firm’s revenue for the quarter was up 128.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($4.28) earnings per share.

A number of research analysts have recently weighed in on ALGT shares. Deutsche Bank Aktiengesellschaft cut their price target on Allegiant Travel from $285.00 to $275.00 and set a “buy” rating on the stock in a research note on Tuesday, October 12th. Morgan Stanley reduced their target price on Allegiant Travel from $300.00 to $280.00 and set an “overweight” rating on the stock in a report on Tuesday, November 16th. Susquehanna decreased their target price on Allegiant Travel from $255.00 to $240.00 and set a “positive” rating for the company in a research report on Friday, October 29th. Susquehanna Bancshares cut their price target on shares of Allegiant Travel from $255.00 to $240.00 and set a “positive” rating on the stock in a research report on Friday, October 29th. Finally, TheStreet raised shares of Allegiant Travel from a “c-” rating to a “b-” rating in a research note on Thursday, July 29th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $251.09.

In other Allegiant Travel news, insider Rebecca Aretos sold 182 shares of the business’s stock in a transaction dated Tuesday, October 26th. The shares were sold at an average price of $182.45, for a total transaction of $33,205.90. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 16.70% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new position in Allegiant Travel in the 2nd quarter valued at approximately $28,000. Penserra Capital Management LLC acquired a new position in Allegiant Travel in the second quarter valued at $40,000. Captrust Financial Advisors boosted its position in shares of Allegiant Travel by 52.3% during the 1st quarter. Captrust Financial Advisors now owns 198 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 68 shares in the last quarter. Harbor Investment Advisory LLC grew its holdings in Allegiant Travel by 20.2% in the second quarter. Harbor Investment Advisory LLC now owns 315 shares of the transportation company’s stock worth $61,000 after purchasing an additional 53 shares during the period. Finally, Capital Analysts LLC increased its position in Allegiant Travel by 51.5% in the 1st quarter. Capital Analysts LLC now owns 397 shares of the transportation company’s stock valued at $97,000 after buying an additional 135 shares in the last quarter. Institutional investors own 85.98% of the company’s stock.

Shares of ALGT traded up $0.22 on Thursday, reaching $185.57. 86,257 shares of the company’s stock were exchanged, compared to its average volume of 166,488. Allegiant Travel has a 12 month low of $166.10 and a 12 month high of $271.29. The stock has a market capitalization of $3.36 billion, a P/E ratio of 29.46 and a beta of 1.63. The company has a current ratio of 1.91, a quick ratio of 1.87 and a debt-to-equity ratio of 1.20. The business has a 50 day moving average price of $190.57 and a two-hundred day moving average price of $196.28.

Allegiant Travel Company Profile

Allegiant Travel Co engages in the provision of travel services. It includes scheduled service air transportation, air-related travel services and product, third party travel products, and fixed fee contract air transportation. It operates through the following segments: Airline, Sunseeker Resort, and Other non-Airline.

Recommended Story: Dual Listing

Get a free copy of the Zacks research report on Allegiant Travel (ALGT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Allegiant Travel (NASDAQ:ALGT)

Receive News & Ratings for Allegiant Travel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegiant Travel and related companies with MarketBeat.com's FREE daily email newsletter.