Zacks Research Issues Pessimistic Estimate for ALGT Earnings

Allegiant Travel (NASDAQ:ALGT) – Investment analysts at Zacks Research lowered their Q1 2026 earnings estimates for shares of Allegiant Travel in a research note issued on Tuesday, March 18th. Zacks Research analyst R. Department now anticipates that the transportation company will post earnings of $1.82 per share for the quarter, down from their prior estimate of $1.83. 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 2026 earnings at $1.48 EPS, Q3 2026 earnings at $2.45 EPS, FY2026 earnings at $9.41 EPS and FY2027 earnings at $11.54 EPS.

Several other equities analysts have also recently issued reports on the stock. StockNews.com upgraded shares of Allegiant Travel from a “sell” rating to a “hold” rating in a research report on Wednesday, January 15th. Susquehanna boosted their price objective on shares of Allegiant Travel from $60.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. UBS Group started coverage on shares of Allegiant Travel in a research note on Tuesday, November 26th. They issued a “neutral” rating and a $16.00 target price on the stock. Bank of America increased their price objective on shares of Allegiant Travel from $54.00 to $95.00 and gave the company an “underperform” rating in a research report on Friday, January 17th. Finally, Morgan Stanley increased their price objective on shares of Allegiant Travel from $90.00 to $95.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Allegiant Travel has a consensus rating of “Hold” and a consensus target price of $80.10.

Allegiant Travel Stock Performance

Allegiant Travel stock opened at $55.97 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $1.03 billion, a PE ratio of -4.19 and a beta of 1.64. The firm has a fifty day simple moving average of $83.78 and a two-hundred day simple moving average of $73.63. Allegiant Travel has a twelve month low of $36.09 and a twelve month high of $107.57.

Allegiant Travel (NASDAQ:ALGT) last posted 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 9.56% and a positive return on equity of 3.33%.

Hedge Funds Weigh In On Allegiant Travel

Several institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio bought a new position in Allegiant Travel during the fourth quarter valued at $3,364,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Allegiant Travel during the fourth quarter valued at $655,000. Voloridge Investment Management LLC bought a new position in Allegiant Travel during the fourth quarter valued at $16,713,000. Woodline Partners LP bought a new position in Allegiant Travel during the fourth quarter valued at $5,372,000. Finally, ProShare Advisors LLC bought a new position in Allegiant Travel during the fourth quarter valued at $438,000. 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.