What is Zacks Research’s Estimate for ALGT FY2024 Earnings?

Allegiant Travel (NASDAQ:ALGT) – Investment analysts at Zacks Research decreased their FY2024 EPS estimates for Allegiant Travel in a research note issued to investors on Wednesday, November 13th. Zacks Research analyst R. Department now expects that the transportation company will post earnings per share of $1.09 for the year, down from their previous estimate of $1.34. The consensus estimate for Allegiant Travel’s current full-year earnings is $1.00 per share. Zacks Research also issued estimates for Allegiant Travel’s Q3 2025 earnings at $0.25 EPS, Q4 2025 earnings at $0.46 EPS, FY2025 earnings at $4.96 EPS, Q2 2026 earnings at $1.22 EPS, Q3 2026 earnings at $2.08 EPS and FY2026 earnings at $7.76 EPS.

Several other brokerages also recently weighed in on ALGT. TD Cowen raised their price target on Allegiant Travel from $42.00 to $50.00 and gave the company a “hold” rating in a report on Friday, November 1st. Barclays increased their price objective on shares of Allegiant Travel from $50.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, November 14th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $83.00 target price on shares of Allegiant Travel in a report on Friday, November 15th. Susquehanna increased their price target on shares of Allegiant Travel from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Finally, Wolfe Research downgraded shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $70.11.

Allegiant Travel Stock Down 4.6 %

ALGT stock opened at $70.79 on Monday. The business has a 50 day moving average of $59.21 and a 200 day moving average of $52.07. The firm has a market cap of $1.30 billion, a PE ratio of -47.19, a price-to-earnings-growth ratio of 6.42 and a beta of 1.61. Allegiant Travel has a twelve month low of $36.08 and a twelve month high of $85.91. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 1.36.

Insider Buying and Selling at Allegiant Travel

In other Allegiant Travel news, Director Gary Ellmer sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $45.00, for a total transaction of $45,000.00. Following the sale, the director now owns 7,490 shares in the company, valued at approximately $337,050. This trade represents a 11.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Keny Frank Wilper sold 635 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $62.69, for a total transaction of $39,808.15. Following the completion of the transaction, the chief operating officer now owns 16,353 shares of the company’s stock, valued at approximately $1,025,169.57. The trade was a 3.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,931 shares of company stock worth $101,372 in the last three months. 15.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in shares of Allegiant Travel in the third quarter worth about $63,540,000. Interval Partners LP bought a new position in Allegiant Travel in the 1st quarter worth approximately $5,641,000. Clearbridge Investments LLC purchased a new stake in Allegiant Travel during the 2nd quarter valued at approximately $8,959,000. XTX Topco Ltd bought a new stake in shares of Allegiant Travel during the second quarter valued at approximately $764,000. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Allegiant Travel in the second quarter worth $285,000. Institutional investors own 85.81% of the company’s stock.

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.