Seaport Res Ptn Issues Negative Forecast for ALGT Earnings

Allegiant Travel (NASDAQ:ALGT) – Seaport Res Ptn cut their Q1 2025 earnings per share (EPS) estimates for Allegiant Travel in a report issued on Tuesday, April 8th. Seaport Res Ptn analyst D. Mckenzie now expects that the transportation company will post earnings of $1.50 per share for the quarter, down from their previous estimate of $2.20. The consensus estimate for Allegiant Travel’s current full-year earnings is $7.70 per share. Seaport Res Ptn also issued estimates for Allegiant Travel’s Q2 2025 earnings at $1.90 EPS, Q3 2025 earnings at ($0.35) EPS, Q4 2025 earnings at $2.60 EPS, FY2025 earnings at $5.65 EPS, FY2026 earnings at $8.50 EPS and FY2027 earnings at $9.25 EPS.

ALGT has been the subject of several other research reports. Morgan Stanley boosted their target price on shares of Allegiant Travel from $90.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Barclays decreased their price target on Allegiant Travel from $100.00 to $60.00 and set an “equal weight” rating for the company in a research note on Tuesday. TD Cowen upped their price objective on Allegiant Travel from $50.00 to $70.00 and gave the company a “hold” rating in a research note on Tuesday, December 17th. Bank of America decreased their target price on Allegiant Travel from $95.00 to $50.00 and set an “underperform” rating for the company in a research report on Thursday, April 3rd. Finally, Susquehanna reduced their price objective on Allegiant Travel from $95.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $67.00.

Allegiant Travel Stock Up 0.3 %

Shares of NASDAQ:ALGT opened at $46.51 on Thursday. The firm has a market cap of $852.90 million, a PE ratio of -3.48 and a beta of 1.57. The company has a fifty day simple moving average of $64.25 and a 200 day simple moving average of $74.45. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 1.36. Allegiant Travel has a 12-month low of $36.09 and a 12-month high of $107.57.

Allegiant Travel (NASDAQ:ALGT) last posted its quarterly earnings data on Tuesday, February 4th. The transportation company reported $2.10 earnings per share (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%.

Institutional Investors Weigh In On Allegiant Travel

Several large investors have recently added to or reduced their stakes in ALGT. Jacobs Levy Equity Management Inc. bought a new position in shares of Allegiant Travel during the fourth quarter worth about $26,067,000. Emerald Advisers LLC acquired a new position in Allegiant Travel during the 4th quarter valued at about $22,256,000. Voloridge Investment Management LLC bought a new position in Allegiant Travel in the 4th quarter worth about $16,713,000. Mesirow Institutional Investment Management Inc. acquired a new stake in shares of Allegiant Travel in the fourth quarter valued at approximately $13,830,000. Finally, T. Rowe Price Investment Management Inc. raised its holdings in shares of Allegiant Travel by 16.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 928,641 shares of the transportation company’s stock valued at $87,404,000 after buying an additional 131,561 shares during the last quarter. 85.81% of the stock is 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.