Allegiant Travel (NASDAQ:ALGT) – Stock analysts at Imperial Capital lowered their Q1 2019 earnings estimates for Allegiant Travel in a research report issued on Thursday, April 18th. Imperial Capital analyst M. Derchin now forecasts that the transportation company will post earnings per share of $3.88 for the quarter, down from their previous forecast of $3.90. Imperial Capital has a “Outperform” rating and a $168.00 price objective on the stock. Imperial Capital also issued estimates for Allegiant Travel’s Q2 2019 earnings at $4.43 EPS, FY2019 earnings at $13.25 EPS and FY2020 earnings at $14.50 EPS.

Allegiant Travel (NASDAQ:ALGT) last posted its quarterly earnings data on Wednesday, January 30th. The transportation company reported $2.56 EPS for the quarter, topping the consensus estimate of $2.47 by $0.09. Allegiant Travel had a net margin of 9.70% and a return on equity of 25.01%. The firm had revenue of $412.11 million during the quarter, compared to analyst estimates of $410.69 million. During the same quarter in the previous year, the business posted $5.18 EPS. Allegiant Travel’s revenue was up 8.7% on a year-over-year basis.

A number of other research analysts have also issued reports on the stock. ValuEngine lowered shares of Allegiant Travel from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 12th. BidaskClub upgraded shares of Allegiant Travel from a “sell” rating to a “hold” rating in a research note on Saturday, January 5th. Deutsche Bank set a $160.00 price target on shares of Allegiant Travel and gave the company a “buy” rating in a research note on Friday, March 1st. Citigroup upped their price target on shares of Allegiant Travel to $167.00 and gave the company a “buy” rating in a research note on Thursday, January 10th. Finally, Zacks Investment Research lowered shares of Allegiant Travel from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $152.15.

Shares of Allegiant Travel stock opened at $131.15 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 1.62. Allegiant Travel has a 12-month low of $98.18 and a 12-month high of $165.00. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 13.12 and a beta of 0.87.

In other news, Director Gary Ellmer sold 1,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $124.50, for a total value of $124,500.00. Following the sale, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $249,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Maurice J. Gallagher, Jr. sold 9,737 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $128.05, for a total transaction of $1,246,822.85. Following the completion of the sale, the chief executive officer now directly owns 2,987,079 shares in the company, valued at $382,495,465.95. The disclosure for this sale can be found here. 20.80% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in ALGT. Wells Fargo & Company MN boosted its holdings in shares of Allegiant Travel by 13.5% in the 3rd quarter. Wells Fargo & Company MN now owns 21,495 shares of the transportation company’s stock valued at $2,726,000 after acquiring an additional 2,565 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Allegiant Travel by 3.7% during the third quarter. Bank of New York Mellon Corp now owns 225,063 shares of the transportation company’s stock worth $28,539,000 after buying an additional 7,954 shares in the last quarter. BlackRock Inc. boosted its holdings in Allegiant Travel by 4.6% during the third quarter. BlackRock Inc. now owns 1,817,588 shares of the transportation company’s stock worth $230,470,000 after buying an additional 79,958 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Allegiant Travel by 3.5% during the third quarter. Dimensional Fund Advisors LP now owns 445,840 shares of the transportation company’s stock worth $56,534,000 after buying an additional 15,124 shares in the last quarter. Finally, Riverhead Capital Management LLC boosted its holdings in Allegiant Travel by 42.8% during the third quarter. Riverhead Capital Management LLC now owns 2,001 shares of the transportation company’s stock worth $254,000 after buying an additional 600 shares in the last quarter. 80.47% of the stock is currently owned by institutional investors and hedge funds.

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 15, 2019, it operated a fleet of 79 Airbus A320 series aircraft.

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Earnings History and Estimates for Allegiant Travel (NASDAQ:ALGT)

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