News articles about Allegiant Air (NASDAQ:ALGT) have trended somewhat positive on Sunday, according to Accern Sentiment. The research group scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Allegiant Air earned a news impact score of 0.20 on Accern’s scale. Accern also assigned news coverage about the transportation company an impact score of 44.5899144290636 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
NASDAQ:ALGT traded down $3.75 during midday trading on Friday, hitting $172.50. The company’s stock had a trading volume of 108,322 shares, compared to its average volume of 131,445. Allegiant Air has a fifty-two week low of $111.54 and a fifty-two week high of $181.45. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 1.73. The company has a market cap of $2,771.56, a PE ratio of 18.06, a price-to-earnings-growth ratio of 0.54 and a beta of 0.07.
Allegiant Air (NASDAQ:ALGT) last issued its quarterly earnings results on Wednesday, January 31st. The transportation company reported $2.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.93. Allegiant Air had a net margin of 12.96% and a return on equity of 31.47%. The company had revenue of $378.56 million for the quarter, compared to the consensus estimate of $377.25 million. During the same quarter in the prior year, the company earned $2.48 EPS. Allegiant Air’s quarterly revenue was up 12.7% on a year-over-year basis. equities research analysts predict that Allegiant Air will post 10.94 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Friday, March 2nd were issued a $0.70 dividend. The ex-dividend date of this dividend was Thursday, March 1st. This represents a $2.80 annualized dividend and a yield of 1.62%. Allegiant Air’s dividend payout ratio (DPR) is presently 29.32%.
Several brokerages recently commented on ALGT. Deutsche Bank raised shares of Allegiant Air from a “hold” rating to a “buy” rating and increased their price objective for the company from $130.00 to $180.00 in a research report on Thursday, December 21st. Wolfe Research raised shares of Allegiant Air from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 1st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $150.00 price objective (up from $135.00) on shares of Allegiant Air in a research report on Wednesday, January 10th. ValuEngine raised shares of Allegiant Air from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Finally, Zacks Investment Research raised shares of Allegiant Air from a “hold” rating to a “buy” rating and set a $178.00 price objective for the company in a research report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $164.55.
In other news, CEO Maurice J. Gallagher, Jr. sold 71,678 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $165.54, for a total transaction of $11,865,576.12. Following the sale, the chief executive officer now owns 3,071,196 shares of the company’s stock, valued at approximately $508,405,785.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Maurice J. Gallagher, Jr. sold 12,645 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $163.40, for a total transaction of $2,066,193.00. Following the sale, the chief executive officer now directly owns 2,977,169 shares in the company, valued at approximately $486,469,414.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 268,275 shares of company stock worth $44,704,476. 21.00% of the stock is owned by corporate insiders.
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About Allegiant Air
Allegiant Travel Company, a leisure travel company, focuses on the provision of 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.
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