Zacks Research Issues Optimistic Estimate for ALGT Earnings

Allegiant Travel Company (NASDAQ:ALGT) – Zacks Research increased their Q2 2027 earnings per share estimates for Allegiant Travel in a report released on Wednesday, February 18th. Zacks Research analyst Team now forecasts that the transportation company will post earnings of $2.16 per share for the quarter, up from their prior forecast of $1.89. 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 FY2028 earnings at $12.80 EPS.

Other equities research analysts have also recently issued research reports about the stock. Evercore increased their target price on shares of Allegiant Travel from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Bank of America upgraded Allegiant Travel from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $55.00 to $95.00 in a research report on Tuesday, January 6th. UBS Group boosted their price objective on Allegiant Travel from $90.00 to $102.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Wolfe Research upgraded Allegiant Travel from a “peer perform” rating to an “outperform” rating and set a $108.00 target price for the company in a research note on Tuesday, January 20th. Finally, Morgan Stanley lifted their price target on shares of Allegiant Travel from $85.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 5th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $100.18.

Allegiant Travel Trading Up 3.3%

Shares of ALGT stock opened at $107.62 on Friday. The firm has a market capitalization of $1.97 billion, a P/E ratio of -41.88, a price-to-earnings-growth ratio of 0.24 and a beta of 1.64. Allegiant Travel has a 1 year low of $39.80 and a 1 year high of $118.00. The firm’s fifty day simple moving average is $93.60 and its 200 day simple moving average is $74.73. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 1.76.

Insider Activity

In other news, Chairman Maurice J. Gallagher, Jr. sold 175,000 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $114.23, for a total value of $19,990,250.00. Following the sale, the chairman owned 1,962,348 shares in the company, valued at approximately $224,159,012.04. The trade was a 8.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 300,000 shares of company stock worth $34,350,512 over the last three months. 14.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Allegiant Travel

Institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its stake in shares of Allegiant Travel by 0.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,862 shares of the transportation company’s stock valued at $1,694,000 after buying an additional 106 shares in the last quarter. Signaturefd LLC lifted its stake in Allegiant Travel by 27.3% in the fourth quarter. Signaturefd LLC now owns 546 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 117 shares during the last quarter. Millennium Management LLC grew its position in shares of Allegiant Travel by 0.5% in the 4th quarter. Millennium Management LLC now owns 27,453 shares of the transportation company’s stock valued at $2,341,000 after acquiring an additional 134 shares during the period. FourThought Financial Partners LLC grew its position in shares of Allegiant Travel by 4.1% in the 4th quarter. FourThought Financial Partners LLC now owns 3,458 shares of the transportation company’s stock valued at $295,000 after acquiring an additional 137 shares during the period. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Allegiant Travel by 4.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 3,759 shares of the transportation company’s stock worth $228,000 after purchasing an additional 176 shares during the last quarter. 85.81% of the stock is owned by institutional investors.

About Allegiant Travel

Allegiant Travel Company is a holding company that operates Allegiant Air, a low‐cost leisure airline offering scheduled and charter air service. The company focuses on connecting underserved secondary markets with popular vacation destinations across the United States. By targeting price‐sensitive leisure travelers, Allegiant Air operates a point‐to‐point network that avoids the traditional hub‐and‐spoke model, providing non‐stop flights from smaller cities to resort and entertainment hubs.

In addition to its core flight operations, Allegiant Travel Company offers packaged travel services that include hotel accommodations, rental cars and attraction tickets through its online portal.