Zacks Research Issues Pessimistic Forecast for ALGT Earnings

Allegiant Travel (NASDAQ:ALGT) – Research analysts at Zacks Research lowered their Q1 2025 EPS estimates for Allegiant Travel in a research report issued to clients and investors on Wednesday, March 19th. Zacks Research analyst R. Department now forecasts that the transportation company will post earnings per share of $1.50 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 posted its earnings results on Tuesday, February 4th. The transportation company reported $2.10 earnings per share 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%.

A number of other research analysts have also weighed in on the stock. UBS Group cut their price target on shares of Allegiant Travel from $93.00 to $61.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. 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. StockNews.com raised Allegiant Travel from a “sell” rating to a “hold” rating in a research note on Wednesday, January 15th. Susquehanna upped their price objective on Allegiant Travel from $60.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group increased their price objective on Allegiant Travel from $83.00 to $92.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Allegiant Travel presently has an average rating of “Hold” and an average target price of $84.60.

Allegiant Travel Price Performance

Shares of ALGT opened at $56.23 on Monday. The stock has a 50 day simple moving average of $81.12 and a 200 day simple moving average of $74.15. Allegiant Travel has a 52-week low of $36.09 and a 52-week high of $107.57. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.72 and a current ratio of 0.75. The firm has a market capitalization of $1.03 billion, a PE ratio of -4.21 and a beta of 1.64.

Hedge Funds Weigh In On Allegiant Travel

A number of institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC grew its position in shares of Allegiant Travel by 30.3% in the 4th quarter. Signaturefd LLC now owns 594 shares of the transportation company’s stock valued at $56,000 after acquiring an additional 138 shares during the period. SeaCrest Wealth Management LLC increased its position in Allegiant Travel by 3.3% during the fourth quarter. SeaCrest Wealth Management LLC now owns 6,210 shares of the transportation company’s stock worth $584,000 after buying an additional 200 shares during the last quarter. Jones Financial Companies Lllp increased its position in Allegiant Travel by 94.5% during the fourth quarter. Jones Financial Companies Lllp now owns 459 shares of the transportation company’s stock worth $43,000 after buying an additional 223 shares during the last quarter. GAMMA Investing LLC raised its stake in Allegiant Travel by 53.5% in the fourth quarter. GAMMA Investing LLC now owns 677 shares of the transportation company’s stock valued at $64,000 after buying an additional 236 shares during the period. Finally, Crews Bank & Trust acquired a new stake in shares of Allegiant Travel in the fourth quarter valued at approximately $25,000. 85.81% of the stock is currently 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.