Zacks Research Issues Positive Forecast for ALGT Earnings

Allegiant Travel Company (NASDAQ:ALGT) – Stock analysts at Zacks Research raised their Q1 2026 EPS estimates for Allegiant Travel in a research note issued on Wednesday, March 4th. Zacks Research analyst Team now forecasts that the transportation company will earn $3.08 per share for the quarter, up from their prior forecast of $3.01. 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 Q2 2026 earnings at $2.46 EPS, Q4 2026 earnings at $3.12 EPS, FY2026 earnings at $8.18 EPS, Q1 2027 earnings at $3.10 EPS, Q2 2027 earnings at $2.19 EPS and FY2027 earnings at $10.38 EPS.

A number of other equities analysts also recently commented on ALGT. UBS Group boosted their price objective on Allegiant Travel from $90.00 to $102.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Wall Street Zen raised Allegiant Travel from a “sell” rating to a “hold” rating in a report on Sunday, December 28th. Citigroup upped their price target on Allegiant Travel from $109.00 to $114.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. 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 report on Thursday, February 5th. Finally, Bank of America upgraded Allegiant Travel from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $55.00 to $95.00 in a research report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $100.18.

Allegiant Travel Stock Performance

NASDAQ:ALGT opened at $79.50 on Friday. The company has a market cap of $1.47 billion, a price-to-earnings ratio of -30.93, a price-to-earnings-growth ratio of 0.19 and a beta of 1.56. The company has a quick ratio of 0.92, a current ratio of 0.95 and a debt-to-equity ratio of 1.60. Allegiant Travel has a 52 week low of $39.80 and a 52 week high of $118.00. The company has a fifty day simple moving average of $95.87 and a two-hundred day simple moving average of $77.69.

Insider Transactions at Allegiant Travel

In other 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 completion of the transaction, the chairman owned 1,962,348 shares in the company, valued at $224,159,012.04. This trade represents a 8.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 300,000 shares of company stock worth $34,350,512 over the last ninety days. Insiders own 14.70% of the company’s stock.

Institutional Trading of Allegiant Travel

Large investors have recently made changes to their positions in the stock. Federated Hermes Inc. grew its position in shares of Allegiant Travel by 12.9% in the second quarter. Federated Hermes Inc. now owns 215,531 shares of the transportation company’s stock valued at $11,843,000 after purchasing an additional 24,557 shares during the period. Envestnet Asset Management Inc. acquired a new position in Allegiant Travel in the second quarter valued at $205,000. Apollo Management Holdings L.P. purchased a new position in Allegiant Travel during the second quarter worth about $6,124,000. Jump Financial LLC grew its holdings in Allegiant Travel by 195.5% in the 2nd quarter. Jump Financial LLC now owns 127,800 shares of the transportation company’s stock valued at $7,023,000 after buying an additional 84,555 shares during the period. Finally, Emerald Advisers LLC grew its holdings in Allegiant Travel by 23.7% in the 3rd quarter. Emerald Advisers LLC now owns 427,718 shares of the transportation company’s stock valued at $25,992,000 after buying an additional 81,987 shares during the period. Institutional investors and hedge funds own 85.81% of the company’s stock.

Key Stories Impacting Allegiant Travel

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.

Allegiant Travel Company Profile

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.