Allegiant Travel (ALGT) Projected to Post Earnings on Tuesday

Allegiant Travel (NASDAQ:ALGT) is expected to be releasing its earnings data after the market closes on Tuesday, February 4th. Analysts expect Allegiant Travel to post earnings of $0.48 per share and revenue of $628.71 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Allegiant Travel Stock Performance

Shares of ALGT stock opened at $102.43 on Monday. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of -68.29, a price-to-earnings-growth ratio of 1.37 and a beta of 1.62. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.75 and a quick ratio of 0.72. The business has a fifty day moving average of $92.11 and a 200 day moving average of $66.86. Allegiant Travel has a 1 year low of $36.08 and a 1 year high of $107.57.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Wolfe Research cut Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. The Goldman Sachs Group raised their target price on Allegiant Travel from $83.00 to $92.00 and gave the company a “neutral” rating in a research report on Tuesday, January 14th. Bank of America raised their target price on Allegiant Travel from $54.00 to $95.00 and gave the company an “underperform” rating in a research report on Friday, January 17th. TD Cowen raised their target price on Allegiant Travel from $50.00 to $70.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. Finally, Morgan Stanley raised their target price on Allegiant Travel from $80.00 to $90.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Allegiant Travel currently has an average rating of “Hold” and a consensus target price of $79.60.

Insider Activity at Allegiant Travel

In other Allegiant Travel news, Chairman Maurice J. Gallagher, Jr. sold 28,319 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $84.46, for a total value of $2,391,822.74. Following the transaction, the chairman now directly owns 2,147,730 shares of the company’s stock, valued at $181,397,275.80. This trade represents a 1.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sandra Douglass Morgan sold 350 shares of Allegiant Travel stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $80.77, for a total transaction of $28,269.50. Following the sale, the director now directly owns 11,650 shares in the company, valued at approximately $940,970.50. The trade was a 2.92 % decrease in their position. The disclosure for this sale can be found here. 15.80% of the stock is currently owned by corporate 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.