Zacks Research Brokers Lower Earnings Estimates for ALGT

Allegiant Travel (NASDAQ:ALGT) – Investment analysts at Zacks Research reduced their Q1 2025 earnings per share (EPS) estimates for shares of Allegiant Travel in a note issued to investors on Wednesday, March 19th. Zacks Research analyst R. Department now expects that the transportation company will earn $1.50 per share for the quarter, down from their prior forecast 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 released its earnings results on Tuesday, February 4th. The transportation company reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates 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%.

ALGT has been the topic of several other research reports. Bank of America lifted their target price on Allegiant Travel from $54.00 to $95.00 and gave the company an “underperform” rating in a research note on Friday, January 17th. Susquehanna upped their price objective on shares of Allegiant Travel from $60.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Raymond James increased their target price on shares of Allegiant Travel from $75.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, December 30th. Barclays upped their target price on Allegiant Travel from $85.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Finally, The Goldman Sachs Group raised their price objective on Allegiant Travel from $83.00 to $92.00 and gave the company a “neutral” rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $84.60.

Allegiant Travel Price Performance

ALGT opened at $56.23 on Monday. The firm has a market capitalization of $1.03 billion, a P/E ratio of -4.21 and a beta of 1.64. The stock has a fifty day moving average of $81.12 and a 200-day moving average of $74.15. 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 12-month low of $36.09 and a 12-month high of $107.57.

Institutional Investors Weigh In On Allegiant Travel

Hedge funds and other institutional investors have recently made changes to their positions in the company. Signaturefd LLC lifted its position in Allegiant Travel by 30.3% during the 4th quarter. Signaturefd LLC now owns 594 shares of the transportation company’s stock valued at $56,000 after purchasing an additional 138 shares during the period. SeaCrest Wealth Management LLC raised its stake in shares of 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 lifted its holdings in 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 buying an additional 223 shares during the period. GAMMA Investing LLC boosted 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 acquiring an additional 236 shares during the last quarter. Finally, Crews Bank & Trust acquired a new stake in Allegiant Travel during the 4th quarter worth $25,000. 85.81% of the stock is 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.