Allegiant Travel Company (NASDAQ:ALGT) will issue its quarterly earnings data after the market closes on Wednesday, July 26th. Analysts expect the company to announce earnings of $2.87 per share for the quarter.
Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings data on Tuesday, April 25th. The transportation company reported $2.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.58 by $0.08. Allegiant Travel had a net margin of 13.61% and a return on equity of 41.46%. The business had revenue of $375.80 million during the quarter, compared to the consensus estimate of $374.99 million. During the same quarter in the previous year, the firm posted $4.29 EPS. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, analysts expect Allegiant Travel to post $9.84 EPS for the current fiscal year and $11.76 EPS for the next fiscal year.
Allegiant Travel Company (NASDAQ:ALGT) opened at 144.75 on Tuesday. The company has a market cap of $2.37 billion, a P/E ratio of 12.69 and a beta of -0.04. Allegiant Travel Company has a 12 month low of $121.70 and a 12 month high of $182.25. The firm has a 50-day moving average price of $141.04 and a 200 day moving average price of $155.41.
Several research analysts recently issued reports on ALGT shares. Bank of America Corporation lowered their target price on Allegiant Travel from $175.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, June 30th. Imperial Capital lowered their price objective on Allegiant Travel from $182.00 to $170.00 and set an “in-line” rating for the company in a research report on Wednesday, April 12th. Zacks Investment Research raised Allegiant Travel from a “hold” rating to a “buy” rating and set a $159.00 price objective for the company in a research report on Monday, July 17th. Stifel Nicolaus reissued a “hold” rating and issued a $173.00 price objective on shares of Allegiant Travel in a research report on Wednesday, April 19th. Finally, ValuEngine lowered Allegiant Travel from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $161.08.
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In other news, SVP Gregory Clark Anderson sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $142.08, for a total value of $213,120.00. Following the transaction, the senior vice president now owns 15,054 shares in the company, valued at approximately $2,138,872.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 22.00% of the stock is currently owned by insiders.
About Allegiant Travel
Allegiant Travel Company is a leisure travel company. The Company is focused on providing travel services and products to residents of under-served cities in the United States. It also provides air transportation under fixed fee flying arrangements. The Company’s products and services include scheduled service air transportation, air-related ancillary products and services, third-party ancillary products and services and fixed fee contract air transportation.
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