Allegiant Travel (ALGT) Scheduled to Post Earnings on Tuesday

Allegiant Travel (NASDAQ:ALGT) will be announcing its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.84 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings data on Monday, February 5th. The transportation company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.52. The business had revenue of $611.00 million for the quarter, compared to the consensus estimate of $596.42 million. Allegiant Travel had a net margin of 4.54% and a return on equity of 3.80%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.17 EPS. On average, analysts expect Allegiant Travel to post $5 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Allegiant Travel Trading Down 1.0 %

Allegiant Travel stock traded down $0.56 during mid-day trading on Monday, reaching $55.07. 18,228 shares of the company traded hands, compared to its average volume of 264,780. The firm’s 50 day moving average price is $66.73 and its 200 day moving average price is $71.83. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 8.80, a P/E/G ratio of 1.16 and a beta of 1.63. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.83 and a quick ratio of 0.80. Allegiant Travel has a 52-week low of $52.38 and a 52-week high of $130.93.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ALGT shares. Raymond James reduced their target price on shares of Allegiant Travel from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 6th. TD Cowen upped their target price on shares of Allegiant Travel from $82.00 to $85.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 6th. Barclays reduced their target price on shares of Allegiant Travel from $65.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Friday, April 5th. Susquehanna reduced their target price on shares of Allegiant Travel from $76.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 9th. Finally, UBS Group started coverage on shares of Allegiant Travel in a research report on Wednesday, March 20th. They issued a “sell” rating and a $58.00 target price on the stock. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $89.75.

Insider Buying and Selling

In related news, Director Gary Ellmer sold 2,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $79.10, for a total value of $158,200.00. Following the transaction, the director now owns 8,490 shares in the company, valued at approximately $671,559. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 17.50% 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.