Allegiant Travel (NASDAQ:ALGT) Issues Q1 Earnings Guidance

Allegiant Travel (NASDAQ:ALGT) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $1.50 for the period, compared to the consensus EPS estimate of $1.77.

Analysts Set New Price Targets

A number of research firms have issued reports on ALGT. UBS Group began 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 for the company. Bank of America lifted their target price on shares of Allegiant Travel from $54.00 to $95.00 and gave the company an “underperform” rating in a research note on Friday, January 17th. The Goldman Sachs Group lifted their target price on shares of Allegiant Travel from $83.00 to $92.00 and gave the company a “neutral” rating in a research note on Tuesday, January 14th. Barclays lifted their target price on shares of Allegiant Travel from $85.00 to $100.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Finally, Raymond James lifted their price target on shares of Allegiant Travel from $75.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, December 30th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Allegiant Travel has a consensus rating of “Hold” and an average target price of $80.10.

Allegiant Travel Stock Down 0.0 %

Shares of NASDAQ ALGT opened at $54.21 on Tuesday. The firm has a market capitalization of $994.10 million, a PE ratio of -4.05 and a beta of 1.64. 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 1 year low of $36.09 and a 1 year high of $107.57. The firm’s 50-day moving average is $85.58 and its 200-day moving average is $73.68.

Allegiant Travel (NASDAQ:ALGT) last issued its earnings results on Tuesday, February 4th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, beating 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%. Equities analysts expect that Allegiant Travel will post 7.7 EPS for the current year.

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.