Equities research analysts predict that Allegiant Travel (NASDAQ:ALGT) will report earnings per share of $2.01 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Allegiant Travel’s earnings, with the highest EPS estimate coming in at $2.40 and the lowest estimate coming in at $1.74. Allegiant Travel posted earnings of $2.71 per share during the same quarter last year, which would indicate a negative year over year growth rate of 25.8%. The business is scheduled to announce its next earnings report on Wednesday, January 30th.
On average, analysts expect that Allegiant Travel will report full-year earnings of $9.51 per share for the current financial year, with EPS estimates ranging from $9.25 to $9.86. For the next year, analysts forecast that the firm will post earnings of $11.72 per share, with EPS estimates ranging from $10.45 to $12.59. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Allegiant Travel.
Allegiant Travel (NASDAQ:ALGT) last posted its earnings results on Wednesday, October 24th. The transportation company reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.02). The company had revenue of $393.11 million during the quarter, compared to the consensus estimate of $390.30 million. Allegiant Travel had a return on equity of 26.83% and a net margin of 12.42%. The firm’s revenue was up 12.3% compared to the same quarter last year. During the same period last year, the company posted $1.39 EPS.
A number of research analysts have recently issued reports on ALGT shares. BidaskClub raised Allegiant Travel from a “sell” rating to a “hold” rating in a report on Friday, November 23rd. Citigroup upped their price target on Allegiant Travel from $165.00 to $167.00 and gave the company a “buy” rating in a report on Thursday, November 29th. ValuEngine raised Allegiant Travel from a “sell” rating to a “hold” rating in a report on Monday, August 13th. Imperial Capital upped their price target on Allegiant Travel from $130.00 to $140.00 and gave the company an “in-line” rating in a report on Thursday, September 27th. Finally, Morgan Stanley set a $130.00 price target on Allegiant Travel and gave the company a “hold” rating in a report on Thursday, October 11th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $155.50.
Shares of ALGT stock traded up $8.62 on Friday, reaching $135.13. The company had a trading volume of 481,483 shares, compared to its average volume of 192,223. The stock has a market capitalization of $2.04 billion, a P/E ratio of 14.15, a price-to-earnings-growth ratio of 0.59 and a beta of 0.32. The company has a current ratio of 0.53, a quick ratio of 0.50 and a debt-to-equity ratio of 1.01. Allegiant Travel has a one year low of $105.21 and a one year high of $181.45.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 5th. Shareholders of record on Friday, November 23rd were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Wednesday, November 21st. Allegiant Travel’s dividend payout ratio is 29.32%.
In other news, President John Redmond bought 12,000 shares of the stock in a transaction on Wednesday, October 31st. The shares were bought at an average price of $115.42 per share, with a total value of $1,385,040.00. Following the completion of the acquisition, the president now owns 102,125 shares in the company, valued at $11,787,267.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 20.80% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Janney Montgomery Scott LLC boosted its position in Allegiant Travel by 9.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 4,700 shares of the transportation company’s stock worth $596,000 after purchasing an additional 420 shares during the period. MetLife Investment Advisors LLC grew its stake in shares of Allegiant Travel by 8.4% in the second quarter. MetLife Investment Advisors LLC now owns 5,919 shares of the transportation company’s stock valued at $822,000 after acquiring an additional 457 shares in the last quarter. Raymond James & Associates grew its stake in shares of Allegiant Travel by 41.2% in the second quarter. Raymond James & Associates now owns 1,757 shares of the transportation company’s stock valued at $244,000 after acquiring an additional 513 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in Allegiant Travel by 44.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 1,861 shares of the transportation company’s stock worth $259,000 after buying an additional 569 shares in the last quarter. Finally, Jupiter Asset Management Ltd. grew its stake in Allegiant Travel by 2.1% during the third quarter. Jupiter Asset Management Ltd. now owns 28,009 shares of the transportation company’s stock worth $3,550,000 after buying an additional 573 shares in the last quarter. 86.08% of the stock is currently owned by institutional investors.
About Allegiant Travel
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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