Zacks Research Has Positive Forecast for ALGT Q3 Earnings

Allegiant Travel Company (NASDAQ:ALGT) – Zacks Research boosted their Q3 2026 earnings per share (EPS) estimates for Allegiant Travel in a research note issued on Wednesday, March 4th. Zacks Research analyst Team now anticipates that the transportation company will earn ($0.47) per share for the quarter, up from their prior forecast of ($0.49). Zacks Research has a “Strong-Buy” 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 Q3 2027 earnings at $2.08 EPS and Q4 2027 earnings at $3.01 EPS.

Other research analysts also recently issued reports about the stock. UBS Group boosted their target price on shares of Allegiant Travel from $90.00 to $102.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Barclays lifted their price objective on Allegiant Travel from $60.00 to $95.00 and gave the company an “equal weight” rating in a research note on Monday, January 12th. Raymond James Financial cut Allegiant Travel from a “strong-buy” rating to an “outperform” rating and boosted their price objective for the company from $78.00 to $98.00 in a report on Friday, December 19th. Wolfe Research upgraded Allegiant Travel from a “peer perform” rating to an “outperform” rating and set a $108.00 target price on the stock in a research note on Tuesday, January 20th. Finally, Wall Street Zen raised Allegiant Travel from a “sell” rating to a “hold” rating in a report on Sunday, December 28th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Allegiant Travel presently has a consensus rating of “Hold” and a consensus target price of $100.18.

Allegiant Travel Price Performance

Shares of NASDAQ:ALGT opened at $79.50 on Monday. Allegiant Travel has a twelve month low of $39.80 and a twelve month high of $118.00. The company has a current ratio of 0.95, a quick ratio of 0.92 and a debt-to-equity ratio of 1.60. The company has a market cap of $1.47 billion, a PE ratio of -30.93, a price-to-earnings-growth ratio of 0.18 and a beta of 1.56. The company’s 50 day moving average is $95.87 and its 200 day moving average is $77.99.

Insider Buying and Selling at Allegiant Travel

In other Allegiant Travel news, Chairman Maurice J. Gallagher, Jr. sold 175,000 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $114.23, for a total value of $19,990,250.00. Following the transaction, the chairman owned 1,962,348 shares in the company, valued at approximately $224,159,012.04. This trade represents a 8.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 300,000 shares of company stock valued at $34,350,512 in the last quarter. Company insiders own 14.70% of the company’s stock.

Institutional Investors Weigh In On Allegiant Travel

Hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Allegiant Travel by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,202 shares of the transportation company’s stock worth $475,000 after acquiring an additional 394 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of Allegiant Travel in the 2nd quarter valued at $205,000. Boston Partners acquired a new position in shares of Allegiant Travel in the 2nd quarter valued at $1,150,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Allegiant Travel during the 2nd quarter worth $204,000. Finally, SG Americas Securities LLC grew its holdings in shares of Allegiant Travel by 17.2% during the 2nd quarter. SG Americas Securities LLC now owns 13,538 shares of the transportation company’s stock worth $744,000 after purchasing an additional 1,982 shares during the period. Hedge funds and other institutional investors own 85.81% of the company’s stock.

Allegiant Travel News Roundup

Here are the key news stories impacting Allegiant Travel this week:

• Positive Sentiment: Zacks highlights growth catalysts — management’s Sun Country acquisition plan (~$1.5B) and projected $140M of synergies — and argues the combination plus strong leisure travel demand support upside. Here’s Why Investors Should Bet on Allegiant Travel Company Stock Now
• Positive Sentiment: Zacks Research has repeatedly raised Q1/Q2/Q4 and FY2026–FY2027 EPS estimates and moved the stock to “Strong‑Buy” — upgrades that can support valuation and attract buy-side interest as consensus earnings power improves. MarketBeat summary of Zacks research
• Neutral Sentiment: Reported short‑interest data in recent filings shows “0 shares” and NaN changes — likely a reporting anomaly. There’s currently no credible signal of a large short position or imminent squeeze based on those numbers.
• Negative Sentiment: Zacks published a note pointing out ALGT is down ~15.4% since its last earnings report and asks whether it can rebound — indicating investor concern about near‑term execution, guidance or margin pressure after earnings. That skepticism likely contributed to today’s selling pressure. Allegiant Travel (ALGT) Down 15.4% Since Last Earnings Report: Can It Rebound?
• Negative Sentiment: Company financials and valuation metrics remain risk factors for some investors — ALGT carries notable leverage (debt/equity ~1.6) and volatile historical profitability (negative trailing P/E), which can amplify downside during short‑term selloffs.

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.