Zacks Research Issues Optimistic Forecast for ALGT Earnings

Allegiant Travel Company (NASDAQ:ALGT) – Zacks Research upped their FY2025 earnings estimates for Allegiant Travel in a report released on Tuesday, November 18th. Zacks Research analyst Team now anticipates that the transportation company will post earnings per share of $3.01 for the year, up from their prior estimate of $2.46. Zacks Research currently has a “Hold” rating on the stock. 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 Q4 2025 earnings at $2.06 EPS, Q2 2026 earnings at $1.94 EPS, Q3 2026 earnings at ($0.74) EPS, Q4 2026 earnings at $2.50 EPS, Q1 2027 earnings at $1.08 EPS and Q3 2027 earnings at $2.28 EPS.

Other equities research analysts have also issued research reports about the company. Bank of America upped their target price on Allegiant Travel from $50.00 to $55.00 and gave the company an “underperform” rating in a research report on Wednesday, October 1st. UBS Group lifted their price objective on shares of Allegiant Travel from $65.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Allegiant Travel in a report on Wednesday, October 8th. Susquehanna raised their target price on shares of Allegiant Travel from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, November 14th. Finally, Barclays boosted their target price on shares of Allegiant Travel from $52.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $71.44.

Allegiant Travel Stock Down 0.2%

Shares of ALGT stock opened at $61.77 on Thursday. Allegiant Travel has a fifty-two week low of $39.80 and a fifty-two week high of $107.57. The firm has a market capitalization of $1.13 billion, a PE ratio of -3.88, a P/E/G ratio of 0.49 and a beta of 1.77. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.07 and a current ratio of 1.10. The stock’s 50-day simple moving average is $63.60 and its 200-day simple moving average is $58.33.

Allegiant Travel (NASDAQ:ALGT) last issued its earnings results on Thursday, May 12th. The transportation company reported $1.18 earnings per share (EPS) for the quarter. Allegiant Travel had a positive return on equity of 5.00% and a negative net margin of 11.10%.The company had revenue of $496.88 million during the quarter.

Hedge Funds Weigh In On Allegiant Travel

Institutional investors have recently made changes to their positions in the company. Hantz Financial Services Inc. boosted its holdings in Allegiant Travel by 442.0% during the third quarter. Hantz Financial Services Inc. now owns 542 shares of the transportation company’s stock worth $33,000 after buying an additional 442 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Allegiant Travel by 28.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 930 shares of the transportation company’s stock valued at $51,000 after buying an additional 205 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Allegiant Travel by 376.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,034 shares of the transportation company’s stock worth $53,000 after acquiring an additional 817 shares during the period. GAMMA Investing LLC boosted its stake in shares of Allegiant Travel by 58.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,108 shares of the transportation company’s stock worth $61,000 after acquiring an additional 407 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of Allegiant Travel by 43.7% during the 2nd quarter. NewEdge Advisors LLC now owns 1,227 shares of the transportation company’s stock valued at $67,000 after acquiring an additional 373 shares during the period. 85.81% of the stock is owned by hedge funds and other institutional investors.

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.