Allegiant Travel (NASDAQ:ALGT) Expected to Post Earnings of -$1.19 Per Share


Equities research analysts expect that Allegiant Travel (NASDAQ:ALGT) will announce earnings of ($1.19) per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Allegiant Travel’s earnings, with the lowest EPS estimate coming in at ($2.30) and the highest estimate coming in at $0.03. Allegiant Travel posted earnings per share of $2.05 during the same quarter last year, which indicates a negative year over year growth rate of 158%. The firm is expected to issue its next quarterly earnings report on Tuesday, May 11th.

According to Zacks, analysts expect that Allegiant Travel will report full year earnings of $4.41 per share for the current fiscal year, with EPS estimates ranging from $1.50 to $7.85. For the next fiscal year, analysts expect that the business will post earnings of $15.33 per share, with EPS estimates ranging from $10.52 to $18.50. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Allegiant Travel.

Allegiant Travel (NASDAQ:ALGT) last posted its quarterly earnings data on Tuesday, February 2nd. The transportation company reported ($1.12) EPS for the quarter, beating analysts’ consensus estimates of ($2.44) by $1.32. The company had revenue of $246.56 million during the quarter, compared to analysts’ expectations of $245.48 million. Allegiant Travel had a negative return on equity of 8.83% and a negative net margin of 7.86%. Allegiant Travel’s revenue for the quarter was down 46.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.72 earnings per share.

Several analysts have issued reports on ALGT shares. Bank of America lowered Allegiant Travel from a “buy” rating to a “neutral” rating in a report on Friday, January 8th. Cowen raised Allegiant Travel from a “market perform” rating to an “outperform” rating and set a $214.00 price target for the company in a report on Monday, January 11th. The Goldman Sachs Group boosted their price target on Allegiant Travel from $156.00 to $278.00 and gave the company a “neutral” rating in a report on Tuesday, March 16th. Deutsche Bank Aktiengesellschaft raised Allegiant Travel from a “hold” rating to a “buy” rating and boosted their price target for the company from $180.00 to $250.00 in a report on Thursday, February 4th. Finally, Raymond James boosted their price target on Allegiant Travel from $215.00 to $230.00 and gave the company a “strong-buy” rating in a report on Thursday, February 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $197.18.

In related news, COO Scott Sheldon sold 14,624 shares of the stock in a transaction that occurred on Tuesday, February 9th. The stock was sold at an average price of $216.52, for a total transaction of $3,166,388.48. Also, EVP Robert Paul Wilson III sold 160 shares of the stock in a transaction that occurred on Friday, February 19th. The shares were sold at an average price of $243.84, for a total value of $39,014.40. Following the transaction, the executive vice president now directly owns 15,168 shares of the company’s stock, valued at $3,698,565.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,647 shares of company stock valued at $4,045,560. Corporate insiders own 19.60% of the company’s stock.

A number of institutional investors have recently made changes to their positions in ALGT. Inspire Advisors LLC bought a new position in Allegiant Travel during the fourth quarter valued at approximately $31,000. International Assets Investment Management LLC purchased a new stake in Allegiant Travel during the fourth quarter valued at approximately $38,000. Point72 Hong Kong Ltd raised its position in Allegiant Travel by 538.9% during the third quarter. Point72 Hong Kong Ltd now owns 460 shares of the transportation company’s stock valued at $55,000 after purchasing an additional 388 shares during the period. Vantage Consulting Group Inc purchased a new stake in Allegiant Travel during the fourth quarter valued at approximately $72,000. Finally, Veriti Management LLC purchased a new stake in Allegiant Travel during the fourth quarter valued at approximately $85,000. 86.10% of the stock is owned by institutional investors.

Allegiant Travel stock opened at $257.74 on Thursday. The stock has a fifty day moving average of $231.56 and a 200 day moving average of $174.23. Allegiant Travel has a one year low of $63.50 and a one year high of $271.29. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.19 and a current ratio of 1.22. The stock has a market cap of $4.23 billion, a PE ratio of -42.74 and a beta of 1.71.

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 14, 2020, it operated a fleet of 94 Airbus A320 series aircraft.

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