Allegiant Travel (NASDAQ:ALGT) Issues Q4 2024 Earnings Guidance

Allegiant Travel (NASDAQ:ALGT) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.750-2.250 for the period, compared to the consensus estimate of 0.670. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

ALGT has been the topic of several recent research reports. TD Cowen lifted their price objective on Allegiant Travel from $50.00 to $70.00 and gave the stock a “hold” rating in a report on Tuesday. Wolfe Research lowered shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. The Goldman Sachs Group restated a “neutral” rating and set a $83.00 price target on shares of Allegiant Travel in a research note on Friday, November 15th. Evercore ISI upped their price objective on Allegiant Travel from $60.00 to $65.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. Finally, UBS Group initiated coverage on Allegiant Travel in a report on Tuesday, November 26th. They set a “neutral” rating and a $16.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $68.00.

Allegiant Travel Trading Down 3.4 %

ALGT stock opened at $80.85 on Thursday. 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 twelve month low of $36.08 and a twelve month high of $94.45. The company has a market cap of $1.48 billion, a P/E ratio of -53.90, a PEG ratio of 7.17 and a beta of 1.67. The business has a fifty day moving average of $72.82 and a 200-day moving average of $56.37.

Insider Buying and Selling at Allegiant Travel

In other news, Director Sandra Douglass Morgan sold 350 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $80.77, for a total value of $28,269.50. Following the transaction, the director now owns 11,650 shares of the company’s stock, valued at $940,970.50. This represents a 2.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Maurice J. Gallagher, Jr. sold 28,319 shares of Allegiant Travel stock in a transaction on Monday, November 25th. The stock was sold at an average price of $84.46, for a total value of $2,391,822.74. Following the sale, the chairman now directly owns 2,147,730 shares of the company’s stock, valued at approximately $181,397,275.80. This trade represents a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,600 shares of company stock worth $2,476,465. Company insiders own 15.80% of the company’s stock.

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.