Zacks Research Issues Pessimistic Forecast for ALGT Earnings

Allegiant Travel (NASDAQ:ALGT) – Analysts at Zacks Research cut their Q1 2025 earnings estimates for Allegiant Travel in a research report issued on Wednesday, March 19th. Zacks Research analyst R. Department now expects that the transportation company will post earnings per share of $1.50 for the quarter, down from their prior forecast of $1.82. 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 $2.97 EPS, Q3 2025 earnings at $0.07 EPS, Q4 2025 earnings at $2.49 EPS, FY2025 earnings at $6.98 EPS, Q1 2026 earnings at $1.88 EPS, Q2 2026 earnings at $1.69 EPS, Q3 2026 earnings at $2.66 EPS, Q4 2026 earnings at $3.14 EPS, FY2026 earnings at $9.56 EPS and FY2027 earnings at $11.78 EPS.

ALGT has been the topic of several other reports. StockNews.com raised Allegiant Travel from a “sell” rating to a “hold” rating in a research report on Wednesday, January 15th. Susquehanna boosted their target price on shares of Allegiant Travel from $60.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. The Goldman Sachs Group increased their price target on shares of Allegiant Travel from $83.00 to $92.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. TD Cowen boosted their price objective on shares of Allegiant Travel from $50.00 to $70.00 and gave the stock a “hold” rating in a report on Tuesday, December 17th. Finally, Raymond James increased their target price on shares of Allegiant Travel from $75.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday, December 30th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $84.60.

Allegiant Travel Trading Down 1.9 %

Allegiant Travel stock opened at $55.14 on Monday. Allegiant Travel has a 52 week low of $36.09 and a 52 week high of $107.57. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.72 and a current ratio of 0.75. The firm has a market capitalization of $1.01 billion, a PE ratio of -4.12 and a beta of 1.64. The business’s 50-day simple moving average is $80.20 and its 200-day simple moving average is $74.25.

Allegiant Travel (NASDAQ:ALGT) last announced its earnings results on Tuesday, February 4th. The transportation company reported $2.10 EPS 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

A number of hedge funds have recently modified their holdings of the stock. Crews Bank & Trust bought a new stake in Allegiant Travel in the fourth quarter valued at $25,000. Jones Financial Companies Lllp boosted its stake in shares of 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 purchasing an additional 223 shares in the last quarter. Sterling Capital Management LLC grew its holdings in shares of Allegiant Travel by 803.6% in the 4th quarter. Sterling Capital Management LLC now owns 497 shares of the transportation company’s stock worth $47,000 after purchasing an additional 442 shares during the last quarter. Signaturefd LLC increased its position 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 purchasing an additional 138 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Allegiant Travel by 53.5% during the 4th quarter. GAMMA Investing LLC now owns 677 shares of the transportation company’s stock valued at $64,000 after purchasing an additional 236 shares during the last quarter. 85.81% of the stock is owned by institutional investors and hedge funds.

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.