Zacks Research Brokers Boost Earnings Estimates for ALGT

Allegiant Travel Company (NASDAQ:ALGT) – Equities research analysts at Zacks Research lifted their Q1 2026 earnings per share estimates for Allegiant Travel in a research note issued to investors on Monday, August 18th. Zacks Research analyst Team now anticipates that the transportation company will earn $1.67 per share for the quarter, up from their prior forecast of $1.61. The consensus estimate for Allegiant Travel’s current full-year earnings is $7.70 per share. Zacks Research also issued estimates for Allegiant Travel’s FY2026 earnings at $5.55 EPS, Q2 2027 earnings at $2.15 EPS and FY2027 earnings at $8.55 EPS.

A number of other analysts have also issued reports on ALGT. Morgan Stanley reduced their target price on Allegiant Travel from $85.00 to $83.00 and set an “equal weight” rating for the company in a report on Monday, July 7th. Evercore ISI upgraded Allegiant Travel from an “in-line” rating to an “outperform” rating and set a $75.00 price objective for the company in a report on Tuesday, July 1st. TD Cowen increased their price objective on Allegiant Travel from $35.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, May 12th. UBS Group cut their price objective on Allegiant Travel from $59.00 to $52.00 and set a “neutral” rating for the company in a report on Wednesday, August 6th. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $80.00 price objective (down from $90.00) on shares of Allegiant Travel in a report on Wednesday, May 7th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $64.33.

Allegiant Travel Price Performance

ALGT opened at $57.18 on Tuesday. The stock has a fifty day moving average of $53.58 and a 200-day moving average of $57.33. The firm has a market capitalization of $1.05 billion, a P/E ratio of -3.59, a PEG ratio of 0.52 and a beta of 1.72. Allegiant Travel has a 12-month low of $39.10 and a 12-month high of $107.57. The company has a quick ratio of 1.07, a current ratio of 1.10 and a debt-to-equity ratio of 1.68.

Allegiant Travel (NASDAQ:ALGT) last released its earnings results on Monday, August 4th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.40. The company had revenue of $689.40 million during the quarter, compared to analyst estimates of $685.58 million. Allegiant Travel had a positive return on equity of 5.00% and a negative net margin of 11.10%.The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 earnings per share. Allegiant Travel has set its FY 2015 guidance at 2.250- EPS. Q3 2025 guidance at -2.750–1.750 EPS.

Hedge Funds Weigh In On Allegiant Travel

Hedge funds have recently bought and sold shares of the business. New York State Common Retirement Fund increased its position in Allegiant Travel by 8.5% during the first quarter. New York State Common Retirement Fund now owns 6,003 shares of the transportation company’s stock worth $310,000 after buying an additional 470 shares during the last quarter. New York State Teachers Retirement System grew its position in shares of Allegiant Travel by 8.2% in the first quarter. New York State Teachers Retirement System now owns 18,922 shares of the transportation company’s stock valued at $977,000 after purchasing an additional 1,426 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Allegiant Travel in the first quarter valued at about $597,000. Illinois Municipal Retirement Fund grew its position in shares of Allegiant Travel by 33.8% in the first quarter. Illinois Municipal Retirement Fund now owns 9,826 shares of the transportation company’s stock valued at $508,000 after purchasing an additional 2,480 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Allegiant Travel by 1,486.7% in the fourth quarter. Russell Investments Group Ltd. now owns 1,904 shares of the transportation company’s stock valued at $179,000 after purchasing an additional 1,784 shares during the last quarter. 85.81% of the stock is owned by institutional investors and hedge funds.

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.