Zacks Research Cuts Earnings Estimates for Allegiant Travel

Allegiant Travel (NASDAQ:ALGT) – Research analysts at Zacks Research decreased their Q4 2024 earnings estimates for Allegiant Travel in a research note issued on Wednesday, November 13th. Zacks Research analyst R. Department now forecasts that the transportation company will earn $0.77 per share for the quarter, down from their previous forecast of $0.79. The consensus estimate for Allegiant Travel’s current full-year earnings is $1.04 per share. Zacks Research also issued estimates for Allegiant Travel’s Q1 2025 earnings at $2.01 EPS, Q2 2025 earnings at $2.24 EPS and Q1 2026 earnings at $1.72 EPS.

A number of other equities analysts have also recently weighed in on ALGT. Barclays boosted their price target on Allegiant Travel from $50.00 to $75.00 and gave the stock an “equal weight” rating in a report on Thursday. The Goldman Sachs Group restated a “neutral” rating and issued a $83.00 target price on shares of Allegiant Travel in a report on Friday. Evercore ISI lifted their price target on shares of Allegiant Travel from $60.00 to $65.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. Wolfe Research downgraded shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th. Finally, TD Cowen raised their target price on shares of Allegiant Travel from $42.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $70.11.

Allegiant Travel Trading Up 2.1 %

Shares of Allegiant Travel stock opened at $77.69 on Friday. Allegiant Travel has a 1 year low of $36.08 and a 1 year high of $85.91. 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 business has a 50 day moving average price of $57.95 and a 200 day moving average price of $51.85. The company has a market capitalization of $1.43 billion, a P/E ratio of -51.79, a P/E/G ratio of 5.92 and a beta of 1.61.

Insider Buying and Selling

In other news, Director Gary Ellmer sold 1,000 shares of the stock in a transaction 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 completion of the sale, the director now owns 7,490 shares of the company’s stock, valued at $337,050. This represents a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Keny Frank Wilper sold 635 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The shares were 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. This represents a 3.74 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,334 shares of company stock valued at $117,158. 15.80% of the stock is currently owned by company insiders.

Institutional Trading of Allegiant Travel

Hedge funds have recently made changes to their positions in the company. Signaturefd LLC boosted its position in Allegiant Travel by 149.2% in the 3rd quarter. Signaturefd LLC now owns 456 shares of the transportation company’s stock valued at $25,000 after buying an additional 273 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in Allegiant Travel by 136.9% in the third quarter. Nisa Investment Advisors LLC now owns 526 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 304 shares during the last quarter. Innealta Capital LLC acquired a new stake in Allegiant Travel during the 2nd quarter valued at approximately $34,000. NBC Securities Inc. increased its holdings in Allegiant Travel by 2,827.9% during the 3rd quarter. NBC Securities Inc. now owns 1,259 shares of the transportation company’s stock worth $69,000 after purchasing an additional 1,216 shares during the last quarter. Finally, CWM LLC raised its position in shares of Allegiant Travel by 275.1% in the 2nd quarter. CWM LLC now owns 1,268 shares of the transportation company’s stock valued at $64,000 after purchasing an additional 930 shares in the last quarter. Hedge funds and other 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.