Seaport Res Ptn Has Negative Forecast for ALGT Q2 Earnings

Allegiant Travel (NASDAQ:ALGT) – Equities research analysts at Seaport Res Ptn cut their Q2 2025 EPS estimates for shares of Allegiant Travel in a research note issued to investors on Thursday, October 31st. Seaport Res Ptn analyst D. Mckenzie now forecasts that the transportation company will earn $3.50 per share for the quarter, down from their prior estimate of $3.55. The consensus estimate for Allegiant Travel’s current full-year earnings is $1.27 per share. Seaport Res Ptn also issued estimates for Allegiant Travel’s Q4 2025 earnings at $1.90 EPS.

ALGT has been the topic of several other reports. Deutsche Bank Aktiengesellschaft downgraded shares of Allegiant Travel from a “buy” rating to a “hold” rating and cut their price objective for the company from $75.00 to $53.00 in a research report on Monday, July 8th. Evercore ISI raised their target price on Allegiant Travel from $60.00 to $65.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. Susquehanna boosted their price target on Allegiant Travel from $40.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Morgan Stanley lowered their price target on 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, Barclays lowered their price target on Allegiant Travel from $55.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $64.13.

Allegiant Travel Stock Performance

Shares of NASDAQ ALGT opened at $63.01 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.74 and a debt-to-equity ratio of 1.30. The firm’s 50-day moving average price is $51.72 and its two-hundred day moving average price is $50.96. Allegiant Travel has a 52-week low of $36.08 and a 52-week high of $85.91. The stock has a market capitalization of $1.15 billion, a P/E ratio of -42.01, a P/E/G ratio of 4.11 and a beta of 1.65.

Allegiant Travel (NASDAQ:ALGT) last issued its earnings results on Wednesday, October 30th. The transportation company reported ($2.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.85) by ($0.17). The company had revenue of $562.20 million during the quarter, compared to analyst estimates of $561.24 million. Allegiant Travel had a negative net margin of 1.04% and a positive return on equity of 0.63%.

Insiders Place Their Bets

In other Allegiant Travel news, COO Keny Frank Wilper sold 635 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $62.69, for a total transaction of $39,808.15. Following the completion of the sale, the chief operating officer now directly owns 16,353 shares in the company, valued at approximately $1,025,169.57. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, COO Keny Frank Wilper sold 635 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $62.69, for a total transaction of $39,808.15. Following the completion of the sale, the chief operating officer now directly owns 16,353 shares of the company’s stock, valued at $1,025,169.57. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary Ellmer sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $45.00, for a total value of $45,000.00. Following the sale, the director now directly owns 7,490 shares of the company’s stock, valued at $337,050. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,334 shares of company stock worth $117,158. 15.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Allegiant Travel

A number of hedge funds and other institutional investors have recently made changes to their positions in ALGT. SeaCrest Wealth Management LLC raised its stake in shares of Allegiant Travel by 39.8% in the 1st quarter. SeaCrest Wealth Management LLC now owns 5,025 shares of the transportation company’s stock valued at $378,000 after acquiring an additional 1,430 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Allegiant Travel by 369.1% in the 1st quarter. BNP Paribas Financial Markets now owns 23,874 shares of the transportation company’s stock valued at $1,796,000 after acquiring an additional 18,785 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Allegiant Travel by 18.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 7,799 shares of the transportation company’s stock valued at $587,000 after acquiring an additional 1,235 shares in the last quarter. Capstone Investment Advisors LLC bought a new position in shares of Allegiant Travel in the 1st quarter valued at approximately $834,000. Finally, Empowered Funds LLC raised its stake in shares of Allegiant Travel by 7.8% in the 1st quarter. Empowered Funds LLC now owns 71,275 shares of the transportation company’s stock valued at $5,361,000 after acquiring an additional 5,175 shares in the last quarter. 85.81% of the stock is owned by hedge funds and other institutional investors.

About Allegiant Travel

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.