Zacks Research Issues Negative Outlook for ALGT Earnings

Allegiant Travel (NASDAQ:ALGT) – Investment analysts at Zacks Research decreased their Q1 2025 earnings per share (EPS) estimates for Allegiant Travel in a report issued on Thursday, April 24th. Zacks Research analyst R. Department now anticipates that the transportation company will earn $1.50 per share for the quarter, down from their prior forecast of $1.51. The consensus estimate for Allegiant Travel’s current full-year earnings is $7.70 per share. Zacks Research also issued estimates for Allegiant Travel’s Q2 2025 earnings at $2.96 EPS, Q3 2025 earnings at $0.16 EPS and FY2027 earnings at $11.27 EPS.

A number of other equities analysts also recently commented on ALGT. Bank of America reduced their target price on shares of Allegiant Travel from $95.00 to $50.00 and set an “underperform” rating on the stock in a research note on Thursday, April 3rd. Raymond James raised shares of Allegiant Travel from an “outperform” rating to a “strong-buy” rating and reduced their price target for the company from $125.00 to $90.00 in a research note on Wednesday, April 2nd. StockNews.com raised shares of Allegiant Travel from a “sell” rating to a “hold” rating in a research note on Wednesday, January 15th. UBS Group cut their target price on shares of Allegiant Travel from $61.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. Finally, Barclays lowered their price target on shares of Allegiant Travel from $100.00 to $60.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $67.00.

Allegiant Travel Stock Performance

ALGT opened at $46.58 on Monday. The firm has a market capitalization of $854.18 million, a PE ratio of -3.48 and a beta of 1.57. Allegiant Travel has a twelve month low of $36.09 and a twelve month high of $107.57. The firm’s 50-day moving average price is $54.41 and its 200 day moving average price is $73.55. 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 (NASDAQ:ALGT) last announced its 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 positive return on equity of 3.33% and a negative net margin of 9.56%.

Institutional Investors Weigh In On Allegiant Travel

Institutional investors have recently added to or reduced their stakes in the business. Crews Bank & Trust purchased a new stake in Allegiant Travel in the 4th quarter valued at approximately $25,000. Farther Finance Advisors LLC raised its holdings in Allegiant Travel by 489.1% in the 1st quarter. Farther Finance Advisors LLC now owns 542 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 450 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in Allegiant Travel by 94.5% in the 4th quarter. Jones Financial Companies Lllp now owns 459 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 223 shares during the last quarter. Sterling Capital Management LLC raised its holdings in Allegiant Travel by 803.6% in the 4th quarter. Sterling Capital Management LLC now owns 497 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 442 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in shares of Allegiant Travel by 30.3% during the 4th quarter. Signaturefd LLC now owns 594 shares of the transportation company’s stock worth $56,000 after buying an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 85.81% 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.