Allegiant Travel (NASDAQ:ALGT) Announces Quarterly Earnings Results

Allegiant Travel (NASDAQ:ALGT) issued its quarterly earnings results on Tuesday. The transportation company reported $2.10 EPS for the quarter, beating the consensus estimate of $0.48 by $1.62, Zacks reports. Allegiant Travel had a negative net margin of 1.04% and a positive return on equity of 0.63%. Allegiant Travel updated its Q1 2025 guidance to 1.500-2.500 EPS.

Allegiant Travel Stock Up 1.3 %

Shares of NASDAQ ALGT opened at $99.11 on Wednesday. The company has a market capitalization of $1.82 billion, a P/E ratio of -66.07, a P/E/G ratio of 1.36 and a beta of 1.63. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.75 and a quick ratio of 0.72. The company has a 50 day simple moving average of $92.76 and a 200-day simple moving average of $67.57. Allegiant Travel has a 1 year low of $36.08 and a 1 year high of $107.57.

Analysts Set New Price Targets

A number of research firms recently weighed in on ALGT. 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 initiated coverage on Allegiant Travel in a research note on Tuesday, November 26th. They issued a “neutral” rating and a $16.00 price target for the company. Barclays boosted their price objective on shares of Allegiant Travel from $85.00 to $100.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Morgan Stanley raised their price target on shares of Allegiant Travel from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 11th. Finally, Susquehanna raised their target price on Allegiant Travel from $60.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $79.60.

Insider Activity at Allegiant Travel

In other news, Director Sandra Douglass Morgan sold 350 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $80.77, for a total value of $28,269.50. Following the sale, the director now directly owns 11,650 shares of the company’s stock, valued at approximately $940,970.50. The trade was a 2.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Maurice J. Gallagher, Jr. sold 28,319 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $84.46, for a total transaction of $2,391,822.74. Following the transaction, the chairman now directly owns 2,147,730 shares of the company’s stock, valued at $181,397,275.80. The trade was a 1.30 % decrease in their position. The disclosure for this sale can be found here. 15.80% of the stock is currently owned by insiders.

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.