Allegiant Travel (NASDAQ:ALGT) Updates Q3 2026 Earnings Guidance

Allegiant Travel (NASDAQ:ALGT) issued an update on its third quarter 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of -1.000–0.000 for the period, compared to the consensus EPS estimate of -0.320. The company issued revenue guidance of -.

Allegiant Travel Stock Performance

Allegiant Travel stock traded down $3.88 during midday trading on Thursday, hitting $100.11. The company’s stock had a trading volume of 119,218 shares, compared to its average volume of 563,623. The company has a 50-day moving average price of $100.80 and a two-hundred day moving average price of $92.46. Allegiant Travel has a 1-year low of $47.83 and a 1-year high of $123.63. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 70.85, a PEG ratio of 0.27 and a beta of 1.53. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.91 and a quick ratio of 0.87.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.92. The business had revenue of $943.50 million during the quarter, compared to analysts’ expectations of $982.70 million. Allegiant Travel had a return on equity of 12.76% and a net margin of 0.90%.The firm’s revenue for the quarter was up 36.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.23 earnings per share. Allegiant Travel has set its Q3 2026 guidance at -1.000–0.000 EPS. As a group, sell-side analysts predict that Allegiant Travel will post 7.5 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ALGT shares. Barclays started coverage on shares of Allegiant Travel in a research note on Wednesday, July 8th. They set an “overweight” rating and a $145.00 price target for the company. The Goldman Sachs Group increased their price objective on shares of Allegiant Travel from $125.00 to $142.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Allegiant Travel in a report on Friday, May 29th. Bank of America boosted their price objective on Allegiant Travel from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, July 1st. Finally, UBS Group lifted their price target on shares of Allegiant Travel from $103.00 to $111.00 and gave the company a “neutral” rating in a research note on Wednesday. Nine analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Allegiant Travel currently has an average rating of “Moderate Buy” and a consensus price target of $128.69.

Hedge Funds Weigh In On Allegiant Travel

Institutional investors and hedge funds have recently made changes to their positions in the business. Balyasny Asset Management L.P. bought a new stake in shares of Allegiant Travel in the fourth quarter worth $16,405,000. Franklin Resources Inc. lifted its holdings in Allegiant Travel by 15.4% in the third quarter. Franklin Resources Inc. now owns 549,287 shares of the transportation company’s stock valued at $33,380,000 after acquiring an additional 73,360 shares during the period. Bank of America Corp DE boosted its position in Allegiant Travel by 148.1% in the second quarter. Bank of America Corp DE now owns 118,896 shares of the transportation company’s stock worth $6,533,000 after purchasing an additional 70,982 shares during the last quarter. UBS Group AG grew its stake in shares of Allegiant Travel by 25.8% during the 3rd quarter. UBS Group AG now owns 327,828 shares of the transportation company’s stock valued at $19,922,000 after purchasing an additional 67,327 shares during the period. Finally, Two Sigma Investments LP grew its stake in shares of Allegiant Travel by 98.9% during the 3rd quarter. Two Sigma Investments LP now owns 129,512 shares of the transportation company’s stock valued at $7,870,000 after purchasing an additional 64,382 shares during the period. Institutional investors own 85.81% of the company’s stock.

Allegiant Travel Company Profile

Allegiant Travel Company is a holding company that operates Allegiant Air, a low?cost leisure airline offering scheduled and charter air service. The company focuses on connecting underserved secondary markets with popular vacation destinations across the United States. By targeting price?sensitive leisure travelers, Allegiant Air operates a point?to?point network that avoids the traditional hub?and?spoke model, providing non?stop flights from smaller cities to resort and entertainment hubs.

In addition to its core flight operations, Allegiant Travel Company offers packaged travel services that include hotel accommodations, rental cars and attraction tickets through its online portal.