Allegiant Travel (ALGT) Expected to Announce Quarterly Earnings on Tuesday

Allegiant Travel (NASDAQ:ALGT) will likely be posting its quarterly earnings results after the market closes on Tuesday, February 4th. Analysts expect Allegiant Travel to post earnings of $0.48 per share and revenue of $628.71 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Allegiant Travel Stock Performance

NASDAQ ALGT opened at $102.43 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 1.36. Allegiant Travel has a twelve month low of $36.08 and a twelve month high of $107.57. The business has a 50-day moving average price of $92.11 and a 200-day moving average price of $66.76. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of -68.29, a price-to-earnings-growth ratio of 1.37 and a beta of 1.62.

Analyst Upgrades and Downgrades

ALGT has been the subject of several research analyst reports. Raymond James raised their target price on shares of Allegiant Travel from $75.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday, December 30th. Wolfe Research lowered Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. The Goldman Sachs Group lifted their target price on Allegiant Travel from $83.00 to $92.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. TD Cowen increased their price target on Allegiant Travel from $50.00 to $70.00 and gave the company a “hold” rating in a research note on Tuesday, December 17th. Finally, Barclays lifted their price objective on Allegiant Travel from $85.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $79.60.

Insiders Place Their Bets

In related news, Director Sandra Douglass Morgan sold 350 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $80.77, for a total transaction of $28,269.50. Following the completion of the transaction, the director now owns 11,650 shares in the company, valued at $940,970.50. The trade was a 2.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Maurice J. Gallagher, Jr. sold 28,319 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $84.46, for a total value of $2,391,822.74. Following the completion of the sale, the chairman now owns 2,147,730 shares in the company, valued at approximately $181,397,275.80. The trade was a 1.30 % decrease in their position. The disclosure for this sale can be found here. 15.80% of the stock is owned by insiders.

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.