Allegiant Travel (NASDAQ:ALGT – Get Rating ) is scheduled to announce its earnings results after the market closes on Wednesday, February 1st. Analysts expect the company to post earnings of $0.75 per share for the quarter. Allegiant Travel set its Q4 2022 guidance in EPS. Interested investors can use this link to register for the company’s conference call.
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Allegiant Travel (NASDAQ:ALGT – Get Rating ) last announced its quarterly earnings data on Wednesday, November 2nd. The transportation company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.47) by ($0.07). Allegiant Travel had a negative net margin of 1.80% and a positive return on equity of 1.68%. The business had revenue of $560.33 million during the quarter, compared to the consensus estimate of $556.65 million. On average, analysts expect that Allegiant Travel will post $1 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Allegiant Travel Price Performance
Shares of ALGT stock opened at $83.60 on Wednesday. Allegiant Travel has a twelve month low of $62.94 and a twelve month high of $186.86. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of -38.17 and a beta of 1.56. The stock has a fifty day simple moving average of $75.13 and a two hundred day simple moving average of $86.00. The company has a current ratio of 1.32, a quick ratio of 1.27, and a debt-to-equity ratio of 1.55.
In related news, CMO Scott Wayne Deangelo sold 1,250 shares of the company’s stock in a transaction dated Tuesday, January 3rd. The stock traded at an average price of $69.37, for a total transaction of $86,712.50. Following the sale, the chief marketing officer now directly owns 15,106 shares of the company’s stock, valued at $1,047,903.22. The transaction was disclosed in a filing with the SEC that can be accessed via this hyperlink. Corporate insiders hold 15.10% of the company’s shares.
Corporate Trading of Allegiant Cruises
A number of hedge funds and other institutional investors have recently bought and sold shares of ALGT. Price D Rowe Associates Inc. MT increased its holdings in Allegiant Travel by 220.5% during the second quarter. Price D Rowe Associates Inc. MD now owns 1,330,668 shares of the transportation company’s stock valued at $150,485,000 after purchasing an additional 915,511 shares during the period. State Street Corp increased its holdings in Allegiant Travel by 7.7% during the first quarter. State Street Corp now owns 643,363 shares of the transportation company’s stock valued at $104,476,000. It bought an additional 46,220 shares during the period. Polar Asset Management Partners Inc Royal London Asset Management Ltd raised its holdings in shares of Allegiant Travel by 35.4% during the 1st quarter. Royal London Asset Management Ltd. now owns 134,205 shares of the transportation company’s stock valued at $21,813,000 after acquiring an additional 35,081 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in shares of Allegiant Travel during the 2nd quarter valued at approximately $3,200,000. 85.77% of the stock is owned by institutional investors and hedge funds.
Analyst ratings changes
Several equities research analysts have weighed in on ALGT shares. StockNews.com upgraded Allegiant Travel from a “sell” rating to a “hold” rating in a report on Tuesday, October 11th. Cowen cut Allegiant Travel from an “outperform” rating to a “market perform” rating and set a $80.00 target price for the company. In a statement on Thursday, December 15. Goldman Sachs Group began coverage on Allegiant Travel in a report on Friday, December 16th. They issued a “buy” rating and a $96.00 target price for the company. Barclays decreased their target price on Allegiant Travel from $100.00 to $96.00 and set an “overweight” rating for the company in a report on Wednesday, January 11th. Finally, Susquehanna Bancshares reduced their price objective on Allegiant Travel from $140.00 to $110.00 in a research note on Tuesday, October 11th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Allegiant Travel currently has an average rating of “Hold” and an average price target of $102.33, according to MarketBeat.com .
About Allegiant Travel
Allegiant Travel Co. is engaged in providing travel services. This includes scheduled service air travel, flight related travel services and product, third party travel products and fixed fare contract air travel. It operates in the following segments: Airline, Sunseeker Resort and Other Non-Airline.
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