Zacks Research Issues Pessimistic Forecast for ALGT Earnings

Allegiant Travel (NASDAQ:ALGT) – Investment analysts at Zacks Research decreased their Q1 2025 earnings per share estimates for Allegiant Travel in a report issued on Wednesday, March 19th. Zacks Research analyst R. Department now forecasts that the transportation company will earn $1.50 per share for the quarter, down from their previous estimate 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.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings data on Tuesday, February 4th. The transportation company reported $2.10 EPS for the quarter, topping analysts’ consensus estimates 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%.

ALGT has been the topic of several other research reports. TD Cowen upped their price target on Allegiant Travel from $50.00 to $70.00 and gave the company a “hold” rating in a research note on Tuesday, December 17th. Bank of America upped their target price on shares of Allegiant Travel from $54.00 to $95.00 and gave the company an “underperform” rating in a research report on Friday, January 17th. StockNews.com upgraded shares of Allegiant Travel from a “sell” rating to a “hold” rating in a research report on Wednesday, January 15th. UBS Group cut their price objective on shares of Allegiant Travel from $93.00 to $61.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. Finally, Barclays lifted their target price on shares of Allegiant Travel from $85.00 to $100.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $84.60.

Allegiant Travel Price Performance

ALGT opened at $55.14 on Monday. 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 stock has a market capitalization of $1.01 billion, a P/E ratio of -4.12 and a beta of 1.64. The company’s 50 day simple moving average is $80.20 and its 200-day simple moving average is $74.25. Allegiant Travel has a one year low of $36.09 and a one year high of $107.57.

Hedge Funds Weigh In On Allegiant Travel

Institutional investors and hedge funds have recently made changes to their positions in the company. Crews Bank & Trust bought a new position in Allegiant Travel during the fourth quarter worth about $25,000. Jones Financial Companies Lllp increased its holdings 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 acquiring an additional 223 shares in the last quarter. Sterling Capital Management LLC raised its position in shares of Allegiant Travel by 803.6% during the fourth 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 period. Signaturefd LLC lifted its holdings in shares of Allegiant Travel by 30.3% during the 4th quarter. Signaturefd LLC now owns 594 shares of the transportation company’s stock valued at $56,000 after purchasing an additional 138 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Allegiant Travel by 53.5% in 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 period. Institutional investors and hedge funds own 85.81% of the company’s stock.

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.