Allegiant Travel (NASDAQ:ALGT) Updates Q4 2024 Earnings Guidance

Allegiant Travel (NASDAQ:ALGT) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.750-2.250 for the period, compared to the consensus estimate of 0.670. The company issued revenue guidance of -.

Allegiant Travel Stock Performance

Shares of ALGT stock opened at $82.12 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 1.36. Allegiant Travel has a 12-month low of $36.08 and a 12-month high of $94.45. The business’s 50 day moving average is $73.31 and its two-hundred day moving average is $56.55. The company has a market capitalization of $1.51 billion, a P/E ratio of -54.75, a P/E/G ratio of 7.17 and a beta of 1.67.

Wall Street Analysts Forecast Growth

ALGT has been the subject of a number of research reports. Susquehanna upped their target price on shares of Allegiant Travel from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Barclays increased their price objective on shares of Allegiant Travel from $50.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday, November 14th. TD Cowen boosted their target price on Allegiant Travel from $50.00 to $70.00 and gave the stock a “hold” rating in a report on Tuesday. UBS Group initiated coverage on Allegiant Travel in a report on Tuesday, November 26th. They issued a “neutral” rating and a $16.00 price target for the company. Finally, Morgan Stanley boosted their price objective on Allegiant Travel from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 11th. Ten research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Allegiant Travel currently has a consensus rating of “Hold” and an average target price of $68.00.

Insider Buying and Selling at Allegiant Travel

In related news, Director Sandra Douglass Morgan sold 350 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $80.77, for a total transaction of $28,269.50. Following the completion of the transaction, the director now directly owns 11,650 shares in the company, valued at $940,970.50. This trade represents a 2.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Maurice J. Gallagher, Jr. sold 28,319 shares of Allegiant Travel stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $84.46, for a total value of $2,391,822.74. Following the completion of the transaction, the chairman now directly owns 2,147,730 shares of the company’s stock, valued at approximately $181,397,275.80. This represents a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,600 shares of company stock worth $2,476,465 over the last quarter. 15.80% of the stock is currently owned by company 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.