Zacks Research Brokers Decrease Earnings Estimates for ALGT

Allegiant Travel (NASDAQ:ALGT) – Analysts at Zacks Research lowered their Q1 2026 earnings per share (EPS) estimates for shares of Allegiant Travel in a research report issued to clients and investors on Tuesday, March 18th. Zacks Research analyst R. Department now anticipates that the transportation company will post earnings of $1.82 per share for the quarter, down from their prior forecast of $1.83. 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 2026 earnings at $1.48 EPS, Q3 2026 earnings at $2.45 EPS, FY2026 earnings at $9.41 EPS and FY2027 earnings at $11.54 EPS.

Allegiant Travel (NASDAQ:ALGT) last released its earnings results on Tuesday, February 4th. The transportation company reported $2.10 EPS for the quarter, topping the consensus estimate 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%.

Several other research analysts also recently issued reports on the stock. Bank of America upped their target price on shares of Allegiant Travel from $54.00 to $95.00 and gave the stock an “underperform” rating in a research note on Friday, January 17th. Barclays increased their target price on Allegiant Travel from $85.00 to $100.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. TD Cowen boosted their price target on Allegiant Travel from $50.00 to $70.00 and gave the stock a “hold” rating in a research note on Tuesday, December 17th. Raymond James increased their price objective on Allegiant Travel from $75.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, December 30th. Finally, StockNews.com raised Allegiant Travel from a “sell” rating to a “hold” rating in a research report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $84.60.

Allegiant Travel Stock Performance

Shares of Allegiant Travel stock opened at $54.96 on Thursday. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of -4.11 and a beta of 1.64. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.75 and a quick ratio of 0.72. 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 $81.94 and its 200 day moving average is $73.58.

Institutional Investors Weigh In On Allegiant Travel

Hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio bought a new stake in Allegiant Travel during the fourth quarter valued at approximately $3,364,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Allegiant Travel during the 4th quarter worth $655,000. Voloridge Investment Management LLC bought a new stake in shares of Allegiant Travel during the 4th quarter valued at $16,713,000. Woodline Partners LP bought a new stake in shares of Allegiant Travel during the 4th quarter valued at $5,372,000. Finally, ProShare Advisors LLC purchased a new stake in shares of Allegiant Travel in the 4th quarter worth $438,000. Hedge funds and other 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.