Zacks Research Has Negative Estimate for ALGT Q1 Earnings

Allegiant Travel (NASDAQ:ALGT) – Research analysts at Zacks Research dropped their Q1 2025 earnings per share estimates for shares of Allegiant Travel in a research note issued on Thursday, April 24th. Zacks Research analyst R. Department now forecasts that the transportation company will post earnings of $1.50 per share for the quarter, down from their previous estimate of $1.51. 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 $2.96 EPS, Q3 2025 earnings at $0.16 EPS and FY2027 earnings at $11.27 EPS.

Allegiant Travel (NASDAQ:ALGT) last released its quarterly 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 equities research analysts also recently issued reports on ALGT. Bank of America dropped their price objective on Allegiant Travel from $95.00 to $50.00 and set an “underperform” rating on the stock in a report on Thursday, April 3rd. StockNews.com raised Allegiant Travel from a “sell” rating to a “hold” rating in a research report on Wednesday, January 15th. The Goldman Sachs Group raised their price target on Allegiant Travel from $83.00 to $92.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. UBS Group lowered their price target on Allegiant Travel from $61.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. Finally, Raymond James raised Allegiant Travel from an “outperform” rating to a “strong-buy” rating and decreased their target price for the company from $125.00 to $90.00 in a research note on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $67.00.

Allegiant Travel Price Performance

ALGT stock opened at $46.58 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 1.36. Allegiant Travel has a 52-week low of $36.09 and a 52-week high of $107.57. The stock’s 50 day moving average is $54.41 and its two-hundred day moving average is $73.55. The company has a market capitalization of $854.18 million, a PE ratio of -3.48 and a beta of 1.57.

Institutional Trading of Allegiant Travel

Several institutional investors have recently made changes to their positions in ALGT. Crews Bank & Trust acquired a new stake in shares of Allegiant Travel during the fourth quarter worth approximately $25,000. Farther Finance Advisors LLC raised its position in shares of Allegiant Travel by 489.1% in the first quarter. Farther Finance Advisors LLC now owns 542 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 450 shares during the period. Jones Financial Companies Lllp raised its position 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 valued at $43,000 after purchasing an additional 223 shares during the period. Sterling Capital Management LLC raised its position in shares of Allegiant Travel by 803.6% in the fourth quarter. Sterling Capital Management LLC now owns 497 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 442 shares during the period. Finally, Signaturefd LLC increased its position in Allegiant Travel by 30.3% during the fourth quarter. Signaturefd LLC now owns 594 shares of the transportation company’s stock worth $56,000 after acquiring an additional 138 shares during the period. 85.81% of the stock is currently owned by institutional investors and hedge funds.

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.