Allegiant Travel (NASDAQ:ALGT) Releases Q4 2024 Earnings Guidance

Allegiant Travel (NASDAQ:ALGT) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.750-2.250 for the period, compared to the consensus estimate of 0.670. The company issued revenue guidance of -.

Analyst Ratings Changes

A number of brokerages have commented on ALGT. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $83.00 price objective on shares of Allegiant Travel in a report on Friday, November 15th. Wolfe Research downgraded Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th. Evercore ISI increased their price target on shares of Allegiant Travel from $60.00 to $65.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. Morgan Stanley upped their target price on shares of Allegiant Travel from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 11th. Finally, UBS Group assumed coverage on Allegiant Travel in a report on Tuesday, November 26th. They issued a “neutral” rating and a $16.00 target price on the stock. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $68.00.

Allegiant Travel Stock Performance

Shares of ALGT opened at $80.85 on Thursday. Allegiant Travel has a 12 month low of $36.08 and a 12 month high of $94.45. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -53.90, a P/E/G ratio of 7.17 and a beta of 1.67. The business’s fifty day simple moving average is $72.82 and its two-hundred day simple moving average is $56.37. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 1.36.

Insiders Place Their Bets

In related news, COO Keny Frank Wilper sold 635 shares of the company’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $62.69, for a total value of $39,808.15. Following the completion of the sale, the chief operating officer now owns 16,353 shares in the company, valued at $1,025,169.57. This represents a 3.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sandra Douglass Morgan sold 350 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $80.77, for a total value of $28,269.50. Following the completion of the transaction, the director now directly owns 11,650 shares of the company’s stock, valued at $940,970.50. The trade was a 2.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,600 shares of company stock worth $2,476,465 in the last ninety days. 15.80% of the stock is owned by company insiders.

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.