Allegiant Travel (NASDAQ:ALGT) Posts Earnings Results

Allegiant Travel (NASDAQ:ALGT) released its quarterly earnings results on Tuesday. The transportation company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.27, Zacks reports. The business had revenue of $699.07 million for the quarter, compared to the consensus estimate of $700.00 million. Allegiant Travel had a negative net margin of 9.56% and a positive return on equity of 3.33%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.57 EPS. Allegiant Travel updated its Q2 2025 guidance to 0.000-1.000 EPS.

Allegiant Travel Trading Up 3.9 %

Shares of ALGT opened at $51.32 on Thursday. The firm has a market capitalization of $936.86 million, a P/E ratio of -3.84 and a beta of 1.78. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 1.36. Allegiant Travel has a twelve month low of $36.09 and a twelve month high of $107.57. The stock’s fifty day simple moving average is $51.04 and its 200 day simple moving average is $72.96.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ALGT shares. UBS Group dropped their price objective on Allegiant Travel from $61.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. Barclays reduced their target price on shares of Allegiant Travel from $100.00 to $60.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Morgan Stanley lifted their price objective on shares of Allegiant Travel from $90.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. StockNews.com raised Allegiant Travel from a “sell” rating to a “hold” rating in a report on Wednesday, January 15th. Finally, The Goldman Sachs Group increased their price objective on Allegiant Travel from $83.00 to $92.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $66.00.

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.