Allegiant Travel (NASDAQ:ALGT – Get Free Report) announced its quarterly earnings results on Tuesday. The transportation company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.51 by $0.06, Briefing.com reports. Allegiant Travel had a net margin of 4.54% and a return on equity of 3.80%. The firm had revenue of $656.70 million for the quarter, compared to analyst estimates of $645.23 million. During the same period last year, the business earned $3.04 EPS. Allegiant Travel’s revenue for the quarter was up 1.1% compared to the same quarter last year.
Allegiant Travel Stock Down 1.5 %
ALGT stock opened at $53.06 on Thursday. Allegiant Travel has a 52 week low of $51.13 and a 52 week high of $130.93. The company has a current ratio of 0.83, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. The company has a market cap of $967.28 million, a P/E ratio of 8.40, a P/E/G ratio of 1.16 and a beta of 1.63. The company’s 50-day moving average price is $65.51 and its 200 day moving average price is $71.44.
Allegiant Travel Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.52%. Allegiant Travel’s dividend payout ratio is presently 37.97%.
Wall Street Analyst Weigh In
View Our Latest Stock Report on ALGT
Insider Activity
In other Allegiant Travel news, Director Gary Ellmer sold 2,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $79.10, for a total value of $158,200.00. Following the sale, the director now owns 8,490 shares of the company’s stock, valued at $671,559. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 17.50% 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.
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