Zacks Research Weighs in on Allegiant Travel’s FY2022 Earnings (NASDAQ:ALGT)

Allegiant Travel (NASDAQ:ALGTGet Rating) – Stock analysts at Zacks Research issued their FY2022 EPS estimates for Allegiant Travel in a research note issued to investors on Wednesday, November 16th. Zacks Research analyst M. Basu forecasts that the transportation company will earn $0.79 per share for the year. The consensus estimate for Allegiant Travel’s current full-year earnings is $0.73 per share. Zacks Research also issued estimates for Allegiant Travel’s Q1 2023 earnings at $0.53 EPS, Q3 2023 earnings at $1.18 EPS, Q4 2023 earnings at $1.55 EPS, FY2023 earnings at $4.76 EPS, Q1 2024 earnings at $2.55 EPS, Q2 2024 earnings at $2.83 EPS, Q3 2024 earnings at $2.96 EPS and FY2024 earnings at $12.50 EPS.

Other analysts have also recently issued research reports about the stock. Cowen dropped their price objective on shares of Allegiant Travel from $153.00 to $120.00 in a report on Thursday, November 3rd. StockNews.com upgraded shares of Allegiant Travel from a “sell” rating to a “hold” rating in a report on Tuesday, October 11th. Raymond James decreased their target price on shares of Allegiant Travel from $150.00 to $130.00 in a report on Tuesday, October 4th. Morgan Stanley reduced their price target on shares of Allegiant Travel from $190.00 to $175.00 and set an “overweight” rating for the company in a research report on Monday, November 7th. Finally, Bank of America reduced their price target on shares of Allegiant Travel from $125.00 to $100.00 and set a “neutral” rating for the company in a research report on Thursday, October 6th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $121.55.

Allegiant Travel Stock Up 1.1 %

Shares of NASDAQ:ALGT opened at $78.31 on Monday. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of -35.76 and a beta of 1.53. Allegiant Travel has a 1-year low of $63.78 and a 1-year high of $196.66. The company’s fifty day moving average is $76.98 and its two-hundred day moving average is $105.18. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.27 and a current ratio of 1.32.

Insider Buying and Selling at Allegiant Travel

In related news, EVP Robert Paul Wilson III sold 1,800 shares of Allegiant Travel stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $101.15, for a total transaction of $182,070.00. Following the sale, the executive vice president now directly owns 13,163 shares of the company’s stock, valued at approximately $1,331,437.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Robert Paul Wilson III sold 1,800 shares of the business’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $101.15, for a total value of $182,070.00. Following the transaction, the executive vice president now owns 13,163 shares in the company, valued at approximately $1,331,437.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Scott Wayne Deangelo sold 1,250 shares of the business’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $72.62, for a total transaction of $90,775.00. Following the transaction, the chief marketing officer now owns 16,356 shares in the company, valued at approximately $1,187,772.72. The disclosure for this sale can be found here. Insiders have sold a total of 3,874 shares of company stock valued at $352,551 in the last ninety days. 15.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Allegiant Travel

Several institutional investors have recently added to or reduced their stakes in the business. Harbor Investment Advisory LLC grew its position in Allegiant Travel by 61.6% during the third quarter. Harbor Investment Advisory LLC now owns 509 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 194 shares during the last quarter. CWM LLC grew its holdings in shares of Allegiant Travel by 310.2% in the third quarter. CWM LLC now owns 525 shares of the transportation company’s stock worth $38,000 after purchasing an additional 397 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Allegiant Travel by 770.1% in the third quarter. Quadrant Capital Group LLC now owns 757 shares of the transportation company’s stock worth $55,000 after purchasing an additional 670 shares during the last quarter. Strs Ohio purchased a new stake in Allegiant Travel in the second quarter worth $56,000. Finally, Meeder Asset Management Inc. purchased a new stake in Allegiant Travel in the first quarter worth $65,000. 87.18% of the stock is owned by hedge funds and other institutional investors.

About Allegiant Travel

(Get Rating)

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, 2022, it operated a fleet of 110 Airbus A320 series aircraft.

Featured Articles

Earnings History and Estimates for Allegiant Travel (NASDAQ:ALGT)

Receive News & Ratings for Allegiant Travel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegiant Travel and related companies with MarketBeat.com's FREE daily email newsletter.