What is Zacks Research’s Forecast for ALGT FY2024 Earnings?

Allegiant Travel (NASDAQ:ALGT) – Equities research analysts at Zacks Research reduced their FY2024 EPS estimates for Allegiant Travel in a research note issued to investors on Wednesday, November 13th. Zacks Research analyst R. Department now anticipates that the transportation company will post earnings per share of $1.09 for the year, down from their previous estimate of $1.34. The consensus estimate for Allegiant Travel’s current full-year earnings is $1.00 per share. Zacks Research also issued estimates for Allegiant Travel’s Q3 2025 earnings at $0.25 EPS, Q4 2025 earnings at $0.46 EPS, FY2025 earnings at $4.96 EPS, Q2 2026 earnings at $1.22 EPS, Q3 2026 earnings at $2.08 EPS and FY2026 earnings at $7.76 EPS.

Other analysts have also issued research reports about the company. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $83.00 price objective on shares of Allegiant Travel in a report on Friday. Barclays boosted their price target on Allegiant Travel from $50.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, November 14th. Susquehanna increased their price objective on shares of Allegiant Travel from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Wolfe Research lowered shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. Finally, Evercore ISI increased their price target on shares of Allegiant Travel from $60.00 to $65.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $70.11.

Allegiant Travel Price Performance

Shares of ALGT opened at $74.20 on Monday. The firm has a fifty day simple moving average of $58.60 and a two-hundred day simple moving average of $51.96. The firm has a market cap of $1.36 billion, a PE ratio of -49.47, a P/E/G ratio of 6.17 and a beta of 1.61. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 1.36. Allegiant Travel has a 1-year low of $36.08 and a 1-year high of $85.91.

Institutional Investors Weigh In On Allegiant Travel

Institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its holdings in shares of Allegiant Travel by 149.2% in the third quarter. Signaturefd LLC now owns 456 shares of the transportation company’s stock worth $25,000 after buying an additional 273 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Allegiant Travel by 136.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 526 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 304 shares during the last quarter. Innealta Capital LLC purchased a new stake in Allegiant Travel in the 2nd quarter worth $34,000. CWM LLC boosted its holdings in shares of Allegiant Travel by 275.1% during 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 during the last quarter. Finally, NBC Securities Inc. grew its position in shares of Allegiant Travel by 2,827.9% during the third quarter. NBC Securities Inc. now owns 1,259 shares of the transportation company’s stock valued at $69,000 after purchasing an additional 1,216 shares in the last quarter. 85.81% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Gary Ellmer sold 1,000 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $45.00, for a total transaction of $45,000.00. Following the completion of the sale, the director now owns 7,490 shares in the company, valued at approximately $337,050. This trade represents a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,931 shares of company stock worth $101,372 over 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.