Allegiant Travel (NASDAQ:ALGT) Issues Q1 2025 Earnings Guidance

Allegiant Travel (NASDAQ:ALGT) issued an update on its first quarter 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 1.500-2.500 for the period, compared to the consensus earnings per share estimate of 2.160. The company issued revenue guidance of -.

Allegiant Travel Stock Down 10.6 %

Shares of NASDAQ:ALGT traded down $10.53 on Wednesday, hitting $88.58. 67,481 shares of the company traded hands, compared to its average volume of 293,946. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 1.36. Allegiant Travel has a 52 week low of $36.08 and a 52 week high of $107.57. The stock has a 50 day simple moving average of $92.76 and a 200-day simple moving average of $67.57. The company has a market cap of $1.62 billion, a PE ratio of -58.80, a PEG ratio of 1.36 and a beta of 1.63.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings results on Tuesday, February 4th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $1.62. Allegiant Travel had a positive return on equity of 0.63% and a negative net margin of 1.04%. As a group, research analysts expect that Allegiant Travel will post 2.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ALGT shares. Wolfe Research cut shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. StockNews.com raised shares of Allegiant Travel from a “sell” rating to a “hold” rating in a report on Wednesday, January 15th. TD Cowen upped their price target on shares of Allegiant Travel from $50.00 to $70.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. Susquehanna lifted their target price on Allegiant Travel from $60.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Finally, Bank of America increased their price objective on Allegiant Travel from $54.00 to $95.00 and gave the stock an “underperform” rating in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $79.60.

Insider Activity

In related news, Chairman Maurice J. Gallagher, Jr. sold 28,319 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $84.46, for a total value of $2,391,822.74. Following the completion of the transaction, the chairman now owns 2,147,730 shares of the company’s stock, valued at approximately $181,397,275.80. This trade represents a 1.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sandra Douglass Morgan sold 350 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $80.77, for a total transaction of $28,269.50. Following the completion of the transaction, the director now owns 11,650 shares in the company, valued at $940,970.50. This trade represents a 2.92 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 15.80% of the company’s stock.

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 1, 2024, it operated a fleet of 126 Airbus A320 series aircraft.