Zacks Research Has Optimistic Outlook of ALGT Q1 Earnings

Allegiant Travel Company (NASDAQ:ALGT) – Investment analysts at Zacks Research upped their Q1 2026 earnings per share (EPS) estimates for shares of Allegiant Travel in a note issued to investors on Wednesday, March 4th. Zacks Research analyst Team now expects that the transportation company will earn $3.08 per share for the quarter, up from their prior estimate of $3.01. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Allegiant Travel’s current full-year earnings is $7.70 per share. Zacks Research also issued estimates for Allegiant Travel’s Q2 2026 earnings at $2.46 EPS, Q4 2026 earnings at $3.12 EPS, FY2026 earnings at $8.18 EPS, Q1 2027 earnings at $3.10 EPS, Q2 2027 earnings at $2.19 EPS and FY2027 earnings at $10.38 EPS.

Other analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft raised shares of Allegiant Travel from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a report on Friday, December 12th. Raymond James Financial lowered shares of Allegiant Travel from a “strong-buy” rating to an “outperform” rating and boosted their target price for the stock from $78.00 to $98.00 in a research report on Friday, December 19th. Morgan Stanley raised their price target on Allegiant Travel from $85.00 to $100.00 and gave the company an “equal weight” rating in a research report on Thursday, February 5th. Evercore lifted their price objective on Allegiant Travel from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Allegiant Travel in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $100.18.

Allegiant Travel Stock Down 8.6%

Shares of Allegiant Travel stock opened at $84.13 on Friday. Allegiant Travel has a 12-month low of $39.80 and a 12-month high of $118.00. The company has a quick ratio of 0.92, a current ratio of 0.95 and a debt-to-equity ratio of 1.60. The stock has a 50 day moving average price of $95.97 and a two-hundred day moving average price of $77.54. The stock has a market capitalization of $1.55 billion, a P/E ratio of -32.74, a PEG ratio of 0.20 and a beta of 1.56.

Hedge Funds Weigh In On Allegiant Travel

Several institutional investors and hedge funds have recently added to or reduced their stakes in ALGT. Federated Hermes Inc. grew its holdings in shares of Allegiant Travel by 12.9% during the 2nd quarter. Federated Hermes Inc. now owns 215,531 shares of the transportation company’s stock worth $11,843,000 after purchasing an additional 24,557 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of Allegiant Travel in the second quarter valued at $205,000. Apollo Management Holdings L.P. bought a new position in Allegiant Travel in the second quarter worth $6,124,000. Jump Financial LLC boosted its stake in Allegiant Travel by 195.5% during the second quarter. Jump Financial LLC now owns 127,800 shares of the transportation company’s stock worth $7,023,000 after buying an additional 84,555 shares in the last quarter. Finally, Emerald Advisers LLC boosted its stake in Allegiant Travel by 23.7% during the third quarter. Emerald Advisers LLC now owns 427,718 shares of the transportation company’s stock worth $25,992,000 after buying an additional 81,987 shares in the last quarter. 85.81% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Chairman Maurice J. Gallagher, Jr. sold 175,000 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $114.23, for a total transaction of $19,990,250.00. Following the completion of the transaction, the chairman owned 1,962,348 shares of the company’s stock, valued at approximately $224,159,012.04. This represents a 8.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have sold 300,000 shares of company stock worth $34,350,512. Insiders own 14.70% of the company’s stock.

Key Stories Impacting Allegiant Travel

Here are the key news stories impacting Allegiant Travel this week:

• Positive Sentiment: Zacks Research upgraded ALGT from “Hold” to “Strong‑Buy” and raised multiple near‑term and multi‑year EPS estimates (examples: Q1 2026 to $3.08, Q2 2026 to $2.46, FY2026 to $8.18, FY2027 to $10.38). Analyst upward revisions and a constructive rating are supportive for the stock. Read More.
• Positive Sentiment: Allegiant added a second “Destination Dollywood” themed fan flight due to demand, a small revenue/PR positive that signals continued leisure demand for its niche routes. Read More.
• Neutral Sentiment: Reported short‑interest data in recent filings shows zeros and “NaN” values and therefore appears erroneous or not meaningful; it does not provide a clear explanation for intraday moves.
• Negative Sentiment: Technical and fundamental concerns likely weigh on the stock: price is below the 50‑day moving average (50‑day MA $95.97 vs. recent trade around $84), the trailing PE is negative (reflecting past losses), the company has leverage (debt/equity ~1.60) and liquidity ratios under 1. These factors can prompt downside even when analysts raise forward estimates.

Allegiant Travel Company Profile

Allegiant Travel Company is a holding company that operates Allegiant Air, a low‐cost leisure airline offering scheduled and charter air service. The company focuses on connecting underserved secondary markets with popular vacation destinations across the United States. By targeting price‐sensitive leisure travelers, Allegiant Air operates a point‐to‐point network that avoids the traditional hub‐and‐spoke model, providing non‐stop flights from smaller cities to resort and entertainment hubs.

In addition to its core flight operations, Allegiant Travel Company offers packaged travel services that include hotel accommodations, rental cars and attraction tickets through its online portal.