Allegiant Travel (NASDAQ:ALGT) to Post FY2025 Earnings of $7.50 Per Share, Seaport Res Ptn Forecasts

Allegiant Travel (NASDAQ:ALGT) – Stock analysts at Seaport Res Ptn decreased their FY2025 earnings per share (EPS) estimates for shares of Allegiant Travel in a research note issued on Thursday, August 1st. Seaport Res Ptn analyst D. Mckenzie now anticipates that the transportation company will post earnings per share of $7.50 for the year, down from their prior forecast of $8.00. The consensus estimate for Allegiant Travel’s current full-year earnings is $3.08 per share.

Allegiant Travel (NASDAQ:ALGT) last released its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.93. The firm had revenue of $666.28 million for the quarter, compared to analyst estimates of $657.74 million. Allegiant Travel had a negative net margin of 0.57% and a positive return on equity of 3.48%. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period last year, the firm earned $4.35 earnings per share.

Other research analysts have also issued research reports about the company. Susquehanna dropped their target price on Allegiant Travel from $60.00 to $55.00 and set a “neutral” rating on the stock in a report on Tuesday, July 16th. Barclays cut their price objective on shares of Allegiant Travel from $55.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. TD Cowen lowered their target price on shares of Allegiant Travel from $60.00 to $39.00 and set a “hold” rating for the company in a report on Wednesday, July 17th. Morgan Stanley cut their price target on shares of Allegiant Travel from $95.00 to $87.00 and set an “equal weight” rating on the stock in a report on Monday, July 8th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Allegiant Travel from a “buy” rating to a “hold” rating and decreased their price objective for the company from $75.00 to $53.00 in a research note on Monday, July 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $62.13.

Allegiant Travel Price Performance

Shares of NASDAQ ALGT opened at $42.29 on Monday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.74 and a current ratio of 0.76. The firm’s 50-day simple moving average is $50.54 and its 200 day simple moving average is $61.48. The stock has a market cap of $771.03 million, a price-to-earnings ratio of 13.38, a PEG ratio of 2.06 and a beta of 1.66. Allegiant Travel has a fifty-two week low of $38.79 and a fifty-two week high of $114.10.

Insider Transactions at Allegiant Travel

In other Allegiant Travel news, COO Keny Frank Wilper sold 1,000 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $51.00, for a total transaction of $51,000.00. Following the completion of the transaction, the chief operating officer now directly owns 9,422 shares of the company’s stock, valued at $480,522. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Allegiant Travel news, COO Keny Frank Wilper sold 1,000 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $51.00, for a total transaction of $51,000.00. Following the sale, the chief operating officer now directly owns 9,422 shares of the company’s stock, valued at $480,522. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Robert Paul Wilson III sold 4,600 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $54.00, for a total transaction of $248,400.00. Following the transaction, the executive vice president now owns 75,698 shares of the company’s stock, valued at approximately $4,087,692. The disclosure for this sale can be found here. Insiders sold a total of 26,037 shares of company stock worth $1,395,948 in the last quarter. Insiders own 17.50% of the company’s stock.

Institutional Investors Weigh In On Allegiant Travel

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC bought a new stake in shares of Allegiant Travel during the 4th quarter valued at $28,000. Innealta Capital LLC bought a new stake in shares of Allegiant Travel during the second quarter valued at about $34,000. CWM LLC lifted its holdings in shares of Allegiant Travel by 275.1% in the second quarter. CWM LLC now owns 1,268 shares of the transportation company’s stock worth $64,000 after buying an additional 930 shares in the last quarter. Tradewinds Capital Management LLC bought a new position in shares of Allegiant Travel in the fourth quarter valued at approximately $83,000. Finally, SG Americas Securities LLC purchased a new position in Allegiant Travel during the first quarter valued at approximately $141,000. 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.