What is Seaport Res Ptn’s Forecast for ALGT FY2027 Earnings?

Allegiant Travel (NASDAQ:ALGT) – Equities researchers at Seaport Res Ptn issued their FY2027 earnings per share estimates for shares of Allegiant Travel in a report released on Tuesday, November 12th. Seaport Res Ptn analyst D. Mckenzie forecasts that the transportation company will post earnings of $12.50 per share for the year. The consensus estimate for Allegiant Travel’s current full-year earnings is $1.04 per share.

ALGT has been the subject of several other research reports. Wolfe Research lowered Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. Barclays lifted their price objective on Allegiant Travel from $50.00 to $75.00 and gave the stock an “equal weight” rating in a report on Thursday. Evercore ISI lifted their price objective on Allegiant Travel from $60.00 to $65.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. Susquehanna lifted their price objective on Allegiant Travel from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, TD Cowen lifted their price objective on Allegiant Travel from $42.00 to $50.00 and gave the stock a “hold” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $68.50.

Allegiant Travel Price Performance

ALGT opened at $76.08 on Thursday. The stock has a 50-day moving average price of $57.21 and a 200-day moving average price of $51.71. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.75 and a quick ratio of 0.72. The firm has a market cap of $1.40 billion, a PE ratio of -50.72, a P/E/G ratio of 5.92 and a beta of 1.61. Allegiant Travel has a 1 year low of $36.08 and a 1 year high of $85.91.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Allegiant Travel by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 1,749,649 shares of the transportation company’s stock worth $131,591,000 after purchasing an additional 38,612 shares in the last quarter. Donald Smith & CO. Inc. lifted its holdings in Allegiant Travel by 20.2% in the 3rd quarter. Donald Smith & CO. Inc. now owns 993,474 shares of the transportation company’s stock worth $54,701,000 after purchasing an additional 167,148 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in Allegiant Travel by 1.9% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 945,839 shares of the transportation company’s stock worth $47,509,000 after purchasing an additional 17,792 shares in the last quarter. U S Global Investors Inc. lifted its holdings in Allegiant Travel by 51.9% in the 3rd quarter. U S Global Investors Inc. now owns 741,429 shares of the transportation company’s stock worth $40,823,000 after purchasing an additional 253,198 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in Allegiant Travel by 15.1% in the 2nd quarter. American Century Companies Inc. now owns 428,787 shares of the transportation company’s stock worth $21,538,000 after purchasing an additional 56,208 shares in the last quarter. 85.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Allegiant Travel

In related news, COO Keny Frank Wilper sold 635 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief operating officer now directly owns 16,353 shares in the company, valued at approximately $1,025,169.57. The trade was a 3.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gary Ellmer sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $45.00, for a total value of $45,000.00. Following the transaction, the director now owns 7,490 shares of the company’s stock, valued at approximately $337,050. This trade represents a 11.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,334 shares of company stock worth $117,158 in the last three months. 15.80% of the stock is currently owned by company insiders.

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.