Brokers Offer Predictions for Allegiant Travel’s Q1 2025 Earnings (NASDAQ:ALGT)

Allegiant Travel (NASDAQ:ALGT) – Analysts at Zacks Research dropped their Q1 2025 earnings per share estimates for Allegiant Travel in a report released on Monday, July 22nd. Zacks Research analyst M. Basu now anticipates that the transportation company will post earnings per share of $1.58 for the quarter, down from their prior estimate of $1.64. The consensus estimate for Allegiant Travel’s current full-year earnings is $3.36 per share.

A number of other research firms also recently commented on ALGT. Morgan Stanley dropped their price target on Allegiant Travel from $95.00 to $87.00 and set an “equal weight” rating for the company in a research note on Monday, July 8th. Barclays dropped their price target on Allegiant Travel from $55.00 to $45.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Evercore ISI dropped their price target on Allegiant Travel from $85.00 to $60.00 and set an “in-line” rating for the company in a research note on Monday, July 15th. Deutsche Bank Aktiengesellschaft downgraded Allegiant Travel from a “buy” rating to a “hold” rating and dropped their price target for the company from $75.00 to $53.00 in a research note on Monday, July 8th. Finally, TD Cowen dropped their price target on Allegiant Travel from $60.00 to $39.00 and set a “hold” rating for the company in a research note on Wednesday, July 17th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $62.13.

Allegiant Travel Stock Up 6.1 %

ALGT opened at $51.00 on Wednesday. Allegiant Travel has a fifty-two week low of $43.91 and a fifty-two week high of $128.27. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.74 and a current ratio of 0.76. The company has a market capitalization of $929.73 million, a P/E ratio of 16.14, a P/E/G ratio of 1.87 and a beta of 1.66. The stock has a fifty day moving average of $50.57 and a 200-day moving average of $63.20.

Allegiant Travel (NASDAQ:ALGT) last posted its earnings results on Tuesday, May 7th. The transportation company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. Allegiant Travel had a return on equity of 0.50% and a net margin of 2.26%. The company had revenue of $656.70 million during the quarter, compared to the consensus estimate of $645.23 million. During the same quarter last year, the firm earned $3.04 earnings per share. The company’s revenue was up 1.1% on a year-over-year basis.

Institutional Trading of Allegiant Travel

Several institutional investors have recently added to or reduced their stakes in the stock. ProShare Advisors LLC boosted its holdings in Allegiant Travel by 6.9% in the first quarter. ProShare Advisors LLC now owns 3,155 shares of the transportation company’s stock valued at $237,000 after acquiring an additional 203 shares during the last quarter. GAMMA Investing LLC acquired a new position in Allegiant Travel in the fourth quarter valued at approximately $28,000. 180 Wealth Advisors LLC lifted its stake in Allegiant Travel by 5.7% in the first quarter. 180 Wealth Advisors LLC now owns 7,291 shares of the transportation company’s stock valued at $548,000 after buying an additional 392 shares during the period. SeaCrest Wealth Management LLC lifted its stake in Allegiant Travel by 10.6% in the second quarter. SeaCrest Wealth Management LLC now owns 5,560 shares of the transportation company’s stock valued at $279,000 after buying an additional 535 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its stake in Allegiant Travel by 7.9% in the second quarter. Harbor Capital Advisors Inc. now owns 7,591 shares of the transportation company’s stock valued at $381,000 after buying an additional 553 shares during the period. 85.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Allegiant Travel news, COO Keny Frank Wilper sold 1,000 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $51.00, for a total transaction of $51,000.00. Following the completion of the transaction, the chief operating officer now owns 9,422 shares of the company’s stock, valued at $480,522. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, COO Keny Frank Wilper sold 1,000 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $51.00, for a total transaction of $51,000.00. Following the sale, the chief operating officer now directly owns 9,422 shares in the company, valued at $480,522. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Robert Paul Wilson III sold 750 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $53.00, for a total value of $39,750.00. Following the sale, the executive vice president now owns 74,948 shares in the company, valued at $3,972,244. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,037 shares of company stock valued at $1,395,948. 17.50% of the stock is currently owned by corporate insiders.

Allegiant Travel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 4.71%. The ex-dividend date of this dividend was Tuesday, May 14th. Allegiant Travel’s payout ratio is 75.95%.

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.