Q1 2025 EPS Estimates for Allegiant Travel Reduced by Analyst (NASDAQ:ALGT)

Allegiant Travel (NASDAQ:ALGT) – Investment analysts at Zacks Research reduced their Q1 2025 earnings estimates for shares of Allegiant Travel in a research report issued to clients and investors on Monday, July 22nd. Zacks Research analyst M. Basu now expects that the transportation company will post earnings of $1.58 per share for the quarter, down from their prior estimate of $1.64. The consensus estimate for Allegiant Travel’s current full-year earnings is $3.36 per share.

A number of other analysts have also recently weighed in on ALGT. Evercore ISI decreased their price target on shares of Allegiant Travel from $85.00 to $60.00 and set an “in-line” rating for the company in a research note on Monday, July 15th. TD Cowen decreased their target price on shares of Allegiant Travel from $60.00 to $39.00 and set a “hold” rating on the stock in a research report on Wednesday, July 17th. Morgan Stanley reduced their price target on shares of Allegiant Travel from $95.00 to $87.00 and set an “equal weight” rating on the stock in a research report on Monday, July 8th. Susquehanna dropped their price objective on shares of Allegiant Travel from $60.00 to $55.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 16th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Allegiant Travel from a “buy” rating to a “hold” rating and dropped their price target for the stock from $75.00 to $53.00 in a research note on Monday, July 8th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $62.13.

Allegiant Travel Trading Up 6.1 %

Shares of Allegiant Travel stock opened at $51.00 on Wednesday. The company has a fifty day simple moving average of $50.57 and a 200-day simple moving average of $63.20. Allegiant Travel has a 12-month low of $43.91 and a 12-month high of $128.27. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 1.35. The stock has a market cap of $929.73 million, a price-to-earnings ratio of 16.14, a PEG ratio of 1.87 and a beta of 1.66.

Allegiant Travel (NASDAQ:ALGT) last announced its earnings results on Tuesday, May 7th. The transportation company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.06. Allegiant Travel had a net margin of 2.26% and a return on equity of 0.50%. The firm had revenue of $656.70 million for the quarter, compared to the consensus estimate of $645.23 million. During the same period in the prior year, the firm earned $3.04 EPS. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis.

Institutional Investors Weigh In On Allegiant Travel

A number of hedge funds have recently modified their holdings of the business. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in Allegiant Travel in the 4th quarter valued at approximately $7,187,000. Franklin Resources Inc. raised its position in Allegiant Travel by 15.4% in the 4th quarter. Franklin Resources Inc. now owns 620,180 shares of the transportation company’s stock valued at $51,233,000 after buying an additional 82,813 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Allegiant Travel during the 1st quarter worth approximately $1,306,000. First Eagle Investment Management LLC raised its stake in shares of Allegiant Travel by 57.5% during the 1st quarter. First Eagle Investment Management LLC now owns 103,513 shares of the transportation company’s stock worth $7,785,000 after purchasing an additional 37,800 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Allegiant Travel by 369.1% during the 1st quarter. BNP Paribas Financial Markets now owns 23,874 shares of the transportation company’s stock worth $1,796,000 after purchasing an additional 18,785 shares in the last quarter. Institutional investors and hedge funds own 85.81% of the company’s stock.

Insider Activity at Allegiant Travel

In other Allegiant Travel news, COO Keny Frank Wilper sold 1,000 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $51.00, for a total transaction of $51,000.00. Following the completion of the transaction, the chief operating officer now directly owns 9,422 shares in the company, valued at $480,522. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Robert Paul Wilson III sold 750 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $53.00, for a total value of $39,750.00. Following the transaction, the executive vice president now owns 74,948 shares in the company, valued at $3,972,244. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Keny Frank Wilper sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $51.00, for a total value of $51,000.00. Following the completion of the transaction, the chief operating officer now owns 9,422 shares in the company, valued at approximately $480,522. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,037 shares of company stock worth $1,395,948. 17.50% of the stock is owned by corporate insiders.

Allegiant Travel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were paid a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.71%. Allegiant Travel’s payout ratio is 75.95%.

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.