Seaport Res Ptn Issues Negative Forecast for ALGT Earnings

Allegiant Travel (NASDAQ:ALGT) – Analysts at Seaport Res Ptn cut their Q1 2025 earnings per share estimates for shares of Allegiant Travel in a research note issued on Tuesday, April 8th. Seaport Res Ptn analyst D. Mckenzie now anticipates that the transportation company will post earnings of $1.50 per share for the quarter, down from their prior estimate of $2.20. The consensus estimate for Allegiant Travel’s current full-year earnings is $7.70 per share. Seaport Res Ptn also issued estimates for Allegiant Travel’s Q2 2025 earnings at $1.90 EPS, Q3 2025 earnings at ($0.35) EPS, Q4 2025 earnings at $2.60 EPS, FY2025 earnings at $5.65 EPS, FY2026 earnings at $8.50 EPS and FY2027 earnings at $9.25 EPS.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings data on Tuesday, February 4th. The transportation company reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $1.62. Allegiant Travel had a positive return on equity of 3.33% and a negative net margin of 9.56%.

A number of other equities research analysts have also weighed in on ALGT. TD Cowen boosted their price objective on Allegiant Travel from $50.00 to $70.00 and gave the stock a “hold” rating in a research report on Tuesday, December 17th. StockNews.com upgraded Allegiant Travel from a “sell” rating to a “hold” rating in a research report on Wednesday, January 15th. Barclays reduced their price target on Allegiant Travel from $100.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Tuesday. UBS Group reduced their price target on Allegiant Travel from $61.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, Susquehanna reduced their price target on Allegiant Travel from $95.00 to $50.00 and set a “neutral” rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Allegiant Travel currently has an average rating of “Hold” and a consensus target price of $67.00.

Allegiant Travel Trading Up 18.9 %

Shares of ALGT stock opened at $50.34 on Thursday. The firm has a market capitalization of $923.13 million, a P/E ratio of -3.77 and a beta of 1.57. Allegiant Travel has a twelve month low of $36.09 and a twelve month high of $107.57. 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 stock’s fifty day simple moving average is $66.33 and its 200 day simple moving average is $74.47.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC raised its stake in shares of Allegiant Travel by 30.3% in the fourth quarter. Signaturefd LLC now owns 594 shares of the transportation company’s stock worth $56,000 after purchasing an additional 138 shares during the last quarter. SeaCrest Wealth Management LLC raised its stake in shares of Allegiant Travel by 3.3% in the fourth quarter. SeaCrest Wealth Management LLC now owns 6,210 shares of the transportation company’s stock worth $584,000 after purchasing an additional 200 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Allegiant Travel by 94.5% in the fourth quarter. Jones Financial Companies Lllp now owns 459 shares of the transportation company’s stock worth $43,000 after purchasing an additional 223 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Allegiant Travel by 53.5% in the fourth quarter. GAMMA Investing LLC now owns 677 shares of the transportation company’s stock worth $64,000 after purchasing an additional 236 shares during the last quarter. Finally, Crews Bank & Trust purchased a new stake in shares of Allegiant Travel in the fourth quarter worth approximately $25,000. 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.