Allegiant Travel (ALGT) Receives Daily Media Sentiment Score of 0.16
Press coverage about Allegiant Travel (NASDAQ:ALGT) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Allegiant Travel earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the transportation company an impact score of 45.6027335982115 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- ETFs with exposure to Allegiant Travel Co. : September 9, 2017 (finance.yahoo.com)
- Irma updates: Frontier, Southwest cancel weekend Tampa International flights (finance.yahoo.com)
- Airline stocks bounce as Hurricane Irma’s downgrade helps offset Southwest’s warning (finance.yahoo.com)
- Shares Trading down at $115.60 (ALGT) Allegiant Reports August 2017 Traffic (highlightpress.com)
- Allegiant Travel updates on traffic (seekingalpha.com)
Shares of Allegiant Travel (ALGT) opened at 115.35 on Monday. The stock’s 50 day moving average is $124.90 and its 200-day moving average is $144.27. Allegiant Travel has a 1-year low of $111.54 and a 1-year high of $182.25. The firm has a market cap of $1.87 billion, a PE ratio of 10.82 and a beta of -0.01.
Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings results on Wednesday, July 26th. The transportation company reported $2.94 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.96 by $0.02. The company had revenue of $400.60 million during the quarter, compared to analysts’ expectations of $399.58 million. Allegiant Travel had a return on equity of 37.66% and a net margin of 12.23%. Allegiant Travel’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period last year, the firm posted $3.68 earnings per share. Analysts expect that Allegiant Travel will post $9.22 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Friday, August 18th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date was Wednesday, August 16th. Allegiant Travel’s dividend payout ratio (DPR) is currently 26.24%.
Allegiant Travel declared that its Board of Directors has authorized a share buyback program on Wednesday, July 26th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the transportation company to purchase up to 4.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
ALGT has been the subject of several research reports. Zacks Investment Research raised shares of 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. BidaskClub downgraded shares of Allegiant Travel from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. ValuEngine raised shares of Allegiant Travel from a “hold” rating to a “buy” rating in a research report on Thursday, July 20th. Sidoti reissued a “buy” rating and set a $186.00 price objective (up previously from $183.00) on shares of Allegiant Travel in a research report on Wednesday, July 12th. Finally, Cowen and Company restated a “market perform” rating and set a $157.00 target price on shares of Allegiant Travel in a report on Tuesday, May 30th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $156.75.
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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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