Allegiant Travel (NASDAQ:ALGT) Updates Q1 Earnings Guidance

Allegiant Travel (NASDAQ:ALGT) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.50 for the period, compared to the consensus earnings per share estimate of $1.77.

Allegiant Travel Stock Performance

Shares of NASDAQ ALGT opened at $55.97 on Thursday. The business’s 50-day moving average price is $83.78 and its two-hundred day moving average price is $73.63. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.75 and a quick ratio of 0.72. Allegiant Travel has a one year low of $36.09 and a one year high of $107.57. The company has a market capitalization of $1.03 billion, a P/E ratio of -4.19 and a beta of 1.64.

Allegiant Travel (NASDAQ:ALGT) last issued its earnings results on Tuesday, February 4th. The transportation company reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $1.62. Allegiant Travel had a positive return on equity of 3.33% and a negative net margin of 9.56%. Analysts anticipate that Allegiant Travel will post 7.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on ALGT. Morgan Stanley upped their price target on Allegiant Travel from $90.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Barclays upped their price target on Allegiant Travel from $85.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. StockNews.com upgraded Allegiant Travel from a “sell” rating to a “hold” rating in a research note on Wednesday, January 15th. Raymond James upped their price target on Allegiant Travel from $75.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, December 30th. Finally, TD Cowen upped their price target on Allegiant Travel from $50.00 to $70.00 and gave the stock a “hold” rating in a research note on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $80.10.

Allegiant Travel Company Profile

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.