Allegiant Travel (NASDAQ:ALGT) Releases Q4 2024 Earnings Guidance

Allegiant Travel (NASDAQ:ALGT) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 1.750-2.250 for the period, compared to the consensus EPS estimate of 0.670. The company issued revenue guidance of -.

Allegiant Travel Price Performance

Shares of NASDAQ:ALGT opened at $84.47 on Friday. Allegiant Travel has a 52 week low of $36.08 and a 52 week high of $94.45. The stock has a market cap of $1.55 billion, a PE ratio of -56.31, a PEG ratio of 7.17 and a beta of 1.67. The company’s fifty day moving average is $73.31 and its 200 day moving average is $56.55. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 1.36.

Analysts Set New Price Targets

A number of research firms have recently commented on ALGT. Morgan Stanley upped their price target on shares of Allegiant Travel from $80.00 to $90.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 11th. Wolfe Research cut Allegiant Travel from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. TD Cowen boosted their price objective on shares of Allegiant Travel from $50.00 to $70.00 and gave the company a “hold” rating in a research report on Tuesday. Susquehanna upped their price target on shares of Allegiant Travel from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Finally, Barclays upped their price objective on Allegiant Travel from $50.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, November 14th. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Allegiant Travel presently has an average rating of “Hold” and a consensus price target of $68.00.

Insider Activity

In related news, Chairman Maurice J. Gallagher, Jr. sold 28,319 shares of the stock in a transaction that occurred 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 completion of the sale, the chairman now owns 2,147,730 shares of the company’s stock, valued at $181,397,275.80. This represents a 1.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Keny Frank Wilper sold 635 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $62.69, for a total transaction of $39,808.15. Following the sale, the chief operating officer now directly owns 16,353 shares in the company, valued at $1,025,169.57. This trade represents a 3.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,600 shares of company stock worth $2,476,465. Corporate insiders own 15.80% of the company’s stock.

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.