Seaport Res Ptn Has Pessimistic Outlook of ALGT Q1 Earnings

Allegiant Travel (NASDAQ:ALGT) – Stock analysts at Seaport Res Ptn cut their Q1 2025 earnings per share (EPS) estimates for Allegiant Travel in a research report issued to clients and investors on Wednesday, February 5th. Seaport Res Ptn analyst D. Mckenzie now expects that the transportation company will post earnings per share of $2.20 for the quarter, down from their previous forecast of $2.40. The consensus estimate for Allegiant Travel’s current full-year earnings is $2.43 per share. Seaport Res Ptn also issued estimates for Allegiant Travel’s FY2026 earnings at $11.25 EPS and FY2027 earnings at $12.50 EPS.

Several other equities research analysts have also commented on the stock. StockNews.com raised shares of Allegiant Travel from a “sell” rating to a “hold” rating in a report on Wednesday, January 15th. Bank of America upped their target price on Allegiant Travel from $54.00 to $95.00 and gave the stock an “underperform” rating in a research note on Friday, January 17th. UBS Group started coverage on Allegiant Travel in a research report on Tuesday, November 26th. They set a “neutral” rating and a $16.00 price target for the company. Wolfe Research lowered Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. Finally, Morgan Stanley lifted their target price on shares of Allegiant Travel from $90.00 to $95.00 and gave the company an “equal weight” rating in a report on Thursday. 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $80.10.

Allegiant Travel Stock Up 6.4 %

NASDAQ:ALGT opened at $89.29 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.75 and a quick ratio of 0.72. The company’s fifty day moving average price is $92.98 and its 200-day moving average price is $67.83. Allegiant Travel has a 1-year low of $36.08 and a 1-year high of $107.57. The firm has a market capitalization of $1.64 billion, a P/E ratio of -59.53, 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 for the quarter, topping the consensus estimate of $0.48 by $1.62. Allegiant Travel had a negative net margin of 1.04% and a positive return on equity of 0.63%.

Institutional Investors Weigh In On Allegiant Travel

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Inceptionr LLC purchased a new position in shares of Allegiant Travel in the fourth quarter worth about $294,000. Raymond James Financial Inc. acquired a new stake in Allegiant Travel in the 4th quarter valued at about $383,000. Cornerstone Investment Partners LLC purchased a new position in Allegiant Travel in the 4th quarter worth approximately $254,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Allegiant Travel by 18.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 304,642 shares of the transportation company’s stock worth $28,673,000 after purchasing an additional 47,186 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Allegiant Travel by 94.5% during the 4th quarter. Jones Financial Companies Lllp now owns 459 shares of the transportation company’s stock worth $43,000 after purchasing an additional 223 shares during the last quarter. Institutional investors and hedge funds own 85.81% of the company’s stock.

Insider Buying and Selling

In other news, Director Sandra Douglass Morgan sold 350 shares of Allegiant Travel stock in a transaction that occurred 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 sale, the director now directly owns 11,650 shares of the company’s stock, valued at $940,970.50. The trade was a 2.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Maurice J. Gallagher, Jr. sold 28,319 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $84.46, for a total value of $2,391,822.74. Following the sale, the chairman now owns 2,147,730 shares of the company’s stock, valued at $181,397,275.80. The trade was a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.80% of the stock is owned by insiders.

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.