Allegiant Travel (NASDAQ:ALGT) Issues Earnings Results


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Allegiant Travel (NASDAQ:ALGT) posted its quarterly earnings data on Monday. The transportation company reported ($3.58) earnings per share for the quarter, missing analysts’ consensus estimates of ($3.10) by ($0.48), MarketWatch Earnings reports. Allegiant Travel had a negative return on equity of 8.83% and a negative net margin of 7.86%. The company had revenue of $279.10 million for the quarter, compared to analysts’ expectations of $308.87 million. During the same period in the prior year, the company posted $2.05 EPS. The firm’s revenue was down 31.8% compared to the same quarter last year.

Shares of ALGT stock opened at $230.36 on Wednesday. The company’s 50-day simple moving average is $246.09 and its 200-day simple moving average is $201.08. Allegiant Travel has a one year low of $63.50 and a one year high of $271.29. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of -38.20 and a beta of 1.71. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.19 and a current ratio of 1.22.

In other news, Director Gary Ellmer sold 450 shares of the company’s stock in a transaction that occurred on Friday, February 5th. The stock was sold at an average price of $220.10, for a total transaction of $99,045.00. Following the completion of the transaction, the director now directly owns 1,715 shares of the company’s stock, valued at $377,471.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert Paul Wilson III sold 160 shares of the firm’s stock in a transaction that occurred on Friday, February 19th. The stock was sold at an average price of $243.84, for a total value of $39,014.40. Following the completion of the sale, the executive vice president now directly owns 15,168 shares in the company, valued at approximately $3,698,565.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,647 shares of company stock worth $4,045,560. 19.60% of the stock is currently owned by company insiders.

A number of research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price target on Allegiant Travel from $250.00 to $285.00 and gave the stock a “buy” rating in a research note on Tuesday, April 20th. Wolfe Research upgraded shares of Allegiant Travel from an “underweight” rating to a “market weight” rating and upped their price target for the company from $200.00 to $238.00 in a research report on Friday, March 5th. Cowen raised shares of Allegiant Travel from a “market perform” rating to an “outperform” rating and set a $214.00 target price for the company in a report on Monday, January 11th. Barclays raised their price target on Allegiant Travel from $237.00 to $300.00 and gave the stock an “overweight” rating in a report on Wednesday, April 21st. Finally, Bank of America downgraded Allegiant Travel from a “buy” rating to a “neutral” rating in a research note on Friday, January 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Allegiant Travel currently has an average rating of “Buy” and an average target price of $231.40.

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 12, 2021, it operated a fleet of 97 Airbus A320 series aircraft.

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Earnings History for Allegiant Travel (NASDAQ:ALGT)

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