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 EPS guidance of 1.750-2.250 for the period, compared to the consensus EPS estimate of 0.670. The company issued revenue guidance of -.

Analyst Ratings Changes

ALGT has been the topic of a number of research analyst reports. Barclays raised their price target on Allegiant Travel from $50.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. UBS Group began coverage on shares of Allegiant Travel in a report on Tuesday, November 26th. They issued a “neutral” rating and a $16.00 price target for the company. Morgan Stanley raised their price objective on shares of Allegiant Travel from $80.00 to $90.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 11th. TD Cowen increased their target price on Allegiant Travel from $50.00 to $70.00 and gave the stock a “hold” rating in a report on Tuesday. Finally, Evercore ISI lifted their price target on Allegiant Travel from $60.00 to $65.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $68.00.

Allegiant Travel Stock Performance

Shares of NASDAQ ALGT opened at $80.85 on Thursday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.72 and a current ratio of 0.75. The stock has a 50 day moving average price of $72.82 and a 200 day moving average price of $56.37. The stock has a market capitalization of $1.48 billion, a PE ratio of -53.90, a price-to-earnings-growth ratio of 7.17 and a beta of 1.67. Allegiant Travel has a 52 week low of $36.08 and a 52 week high of $94.45.

Insider Activity at Allegiant Travel

In related news, Chairman Maurice J. Gallagher, Jr. sold 28,319 shares of Allegiant Travel stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $84.46, for a total transaction of $2,391,822.74. Following the completion of the transaction, the chairman now owns 2,147,730 shares in the company, valued at approximately $181,397,275.80. This trade represents a 1.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Sandra Douglass Morgan sold 350 shares of the company’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 sale, the director now owns 11,650 shares in the company, valued at $940,970.50. This represents a 2.92 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,600 shares of company stock valued at $2,476,465. 15.80% of the stock is 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.