Allegiant Travel (NASDAQ:ALGT) Releases Q1 Earnings Guidance

Allegiant Travel (NASDAQ:ALGT) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.50 for the period, compared to the consensus earnings per share estimate of $1.77.

Allegiant Travel Stock Performance

Shares of ALGT opened at $52.42 on Wednesday. The stock’s 50-day simple moving average is $84.65 and its 200 day simple moving average is $73.76. The stock has a market capitalization of $961.28 million, a price-to-earnings ratio of -3.92 and a beta of 1.64. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.72 and a current ratio of 0.75. Allegiant Travel has a 52-week low of $36.09 and a 52-week high of $107.57.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings data on Tuesday, February 4th. The transportation company reported $2.10 earnings per share (EPS) 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%. Research analysts forecast that Allegiant Travel will post 7.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ALGT has been the topic of a number of recent research reports. Raymond James increased their price objective on Allegiant Travel from $75.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, December 30th. Susquehanna raised their price target on Allegiant Travel from $60.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Morgan Stanley raised their price target on Allegiant Travel from $90.00 to $95.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. StockNews.com raised Allegiant Travel from a “sell” rating to a “hold” rating in a report on Wednesday, January 15th. Finally, Barclays raised their price target on Allegiant Travel from $85.00 to $100.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $80.10.

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.