Allegiant Travel (NASDAQ:ALGT) Posts Quarterly Earnings Results, Beats Expectations By $1.62 EPS

Allegiant Travel (NASDAQ:ALGT) posted its quarterly earnings data on Tuesday. The transportation company reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $1.62, Zacks reports. Allegiant Travel had a positive return on equity of 0.63% and a negative net margin of 1.04%. Allegiant Travel updated its Q1 2025 guidance to 1.500-2.500 EPS.

Allegiant Travel Stock Performance

Shares of NASDAQ ALGT opened at $83.93 on Thursday. Allegiant Travel has a 12-month low of $36.08 and a 12-month high of $107.57. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of -55.95, a price-to-earnings-growth ratio of 1.36 and a beta of 1.63. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 1.36. The firm has a 50 day moving average of $92.81 and a 200 day moving average of $67.68.

Insider Transactions at Allegiant Travel

In related news, Chairman Maurice J. Gallagher, Jr. sold 28,319 shares of Allegiant Travel stock in a transaction on Monday, November 25th. The shares were sold at an average price of $84.46, for a total transaction of $2,391,822.74. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sandra Douglass Morgan sold 350 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $80.77, for a total value of $28,269.50. Following the completion of the sale, the director now owns 11,650 shares of the company’s stock, valued at $940,970.50. The trade was a 2.92 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 15.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ALGT. UBS Group assumed coverage on Allegiant Travel in a report on Tuesday, November 26th. They set a “neutral” rating and a $16.00 price target for the company. Morgan Stanley increased their price target on shares of Allegiant Travel from $80.00 to $90.00 and gave the company an “equal weight” rating in a report on Wednesday, December 11th. Barclays upped their price objective on Allegiant Travel from $85.00 to $100.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Wolfe Research downgraded Allegiant Travel from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. Finally, Raymond James boosted their target price on Allegiant Travel from $75.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, December 30th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $79.60.

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.