Allegiant Travel (NASDAQ:ALGT) Issues FY 2025 Earnings Guidance

Allegiant Travel (NASDAQ:ALGT) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 3.000- for the period, compared to the consensus estimate of 2.750. The company issued revenue guidance of -.

Allegiant Travel Price Performance

Shares of ALGT traded down $3.90 during mid-day trading on Tuesday, reaching $58.03. 514,902 shares of the stock traded hands, compared to its average volume of 416,508. The firm has a fifty day moving average price of $62.90 and a 200 day moving average price of $56.66. The company has a market cap of $1.06 billion, a price-to-earnings ratio of -3.64, a price-to-earnings-growth ratio of 0.49 and a beta of 1.71. The company has a current ratio of 1.10, a quick ratio of 1.07 and a debt-to-equity ratio of 1.68. Allegiant Travel has a 1 year low of $39.80 and a 1 year high of $107.57.

Allegiant Travel (NASDAQ:ALGT) last released its quarterly earnings results on Thursday, May 12th. The transportation company reported $1.18 EPS for the quarter. The firm had revenue of $496.88 million during the quarter. Allegiant Travel had a negative net margin of 11.10% and a positive return on equity of 5.00%. As a group, equities research analysts predict that Allegiant Travel will post 7.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

ALGT has been the subject of a number of recent analyst reports. Morgan Stanley reduced their price target on shares of Allegiant Travel from $85.00 to $83.00 and set an “equal weight” rating for the company in a research report on Monday, July 7th. Evercore ISI upped their target price on shares of Allegiant Travel from $75.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Barclays upped their target price on shares of Allegiant Travel from $52.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 1st. Zacks Research upgraded shares of Allegiant Travel from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 4th. Finally, Bank of America upped their target price on shares of Allegiant Travel from $50.00 to $55.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $70.56.

Hedge Funds Weigh In On Allegiant Travel

A number of institutional investors have recently bought and sold shares of ALGT. NewEdge Advisors LLC increased its stake in shares of Allegiant Travel by 43.7% during the second quarter. NewEdge Advisors LLC now owns 1,227 shares of the transportation company’s stock valued at $67,000 after purchasing an additional 373 shares in the last quarter. State of Wyoming bought a new position in Allegiant Travel in the second quarter worth approximately $159,000. Tower Research Capital LLC TRC raised its position in Allegiant Travel by 856.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,308 shares of the transportation company’s stock worth $182,000 after acquiring an additional 2,962 shares during the period. Headlands Technologies LLC bought a new stake in shares of Allegiant Travel during the 2nd quarter valued at $218,000. Finally, Quantinno Capital Management LP bought a new stake in shares of Allegiant Travel during the 2nd quarter valued at $342,000. 85.81% of the stock is owned by institutional investors.

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.