Allegiant Travel (NASDAQ:ALGT) Issues Q1 2026 Earnings Guidance

Allegiant Travel (NASDAQ:ALGT) issued an update on its first quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 2.500-3.500 for the period, compared to the consensus estimate of 2.270. The company issued revenue guidance of -. Allegiant Travel also updated its FY 2026 guidance to 8.000- EPS.

Allegiant Travel Stock Down 0.4%

ALGT stock opened at $99.42 on Friday. The firm’s 50-day moving average is $86.93 and its two-hundred day moving average is $70.15. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of -38.68, a price-to-earnings-growth ratio of 0.27 and a beta of 1.64. Allegiant Travel has a 52 week low of $39.80 and a 52 week high of $104.10. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 1.76.

Allegiant Travel (NASDAQ:ALGT) last announced its earnings results on Tuesday, November 4th. The transportation company reported ($2.09) EPS for the quarter, missing the consensus estimate of ($1.84) by ($0.25). The firm had revenue of $561.93 million for the quarter, compared to the consensus estimate of $575.13 million. Allegiant Travel had a positive return on equity of 6.60% and a negative net margin of 1.71%.Allegiant Travel’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the firm earned ($2.02) EPS. On average, analysts forecast that Allegiant Travel will post 7.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ALGT. Citigroup upped their price objective on Allegiant Travel from $109.00 to $114.00 and gave the company a “neutral” rating in a report on Thursday. Raymond James Financial cut shares of Allegiant Travel from a “strong-buy” rating to an “outperform” rating and boosted their price target for the stock from $78.00 to $98.00 in a research report on Friday, December 19th. UBS Group upped their price target on shares of Allegiant Travel from $90.00 to $102.00 and gave the company a “neutral” rating in a report on Thursday. Wall Street Zen raised shares of Allegiant Travel from a “sell” rating to a “hold” rating in a research note on Sunday, December 28th. Finally, Wolfe Research upgraded shares of Allegiant Travel from a “peer perform” rating to an “outperform” rating and set a $108.00 target price on the stock in a report on Tuesday, January 20th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $99.27.

Key Headlines Impacting Allegiant Travel

Here are the key news stories impacting Allegiant Travel this week:

• Positive Sentiment: Adjusted Q4 results topped expectations — adjusted airline-only EPS of $2.72 and revenue of ~$656.2M showed underlying strength versus consensus, supporting the case for better earnings power. ALLEGIANT TRAVEL COMPANY FOURTH QUARTER AND FULL-YEAR 2025 FINANCIAL RESULTS
• Positive Sentiment: Company raised guidance — Q1 2026 EPS guide (2.50–3.50) and FY2026 EPS guide (~8.00) sit above Street consensus, giving a clearer path to materially higher earnings next year. View Press Release / Guidance
• Positive Sentiment: Some analysts raised targets — Citigroup bumped its target to $114 (neutral) and Morgan Stanley raised its target to $100 (equal weight), signaling some analysts see upside to current levels. Benzinga – Analyst Target Moves
• Neutral Sentiment: Management commentary on the earnings call emphasized demand strength but flagged execution and cost/competition risks; full transcripts are available for detail. Investors should parse remarks on capacity, fleet investment and yield trends. Allegiant (ALGT) Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Market reactions are mixed across outlets — some outlets highlight outperformance on adjusted metrics while others note divergence between GAAP and adjusted figures. Review both sets of numbers when modeling. TipRanks – Earnings Call Highlights
• Negative Sentiment: GAAP results and operating cash were weaker — GAAP diluted EPS was $1.73, operating profit and net income declined year‑over‑year, and operating cash flow swung negative while capex jumped, pointing to heavier investment and near-term cash pressure. QuiverQuant – Stock Reaction & Financial Details
• Negative Sentiment: Analyst downgrades and insider selling add caution — Zacks cut its rating to hold and recent insider sell transactions were reported, which can weigh on sentiment despite the beat/guide. Zacks – Rating Change

Hedge Funds Weigh In On Allegiant Travel

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ALGT. Franklin Resources Inc. grew its position in Allegiant Travel by 15.4% during the 3rd quarter. Franklin Resources Inc. now owns 549,287 shares of the transportation company’s stock worth $33,380,000 after purchasing an additional 73,360 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Allegiant Travel by 148.1% in the second quarter. Bank of America Corp DE now owns 118,896 shares of the transportation company’s stock worth $6,533,000 after buying an additional 70,982 shares during the period. UBS Group AG raised its position in Allegiant Travel by 25.8% during the third quarter. UBS Group AG now owns 327,828 shares of the transportation company’s stock valued at $19,922,000 after buying an additional 67,327 shares during the period. Two Sigma Investments LP lifted its stake in Allegiant Travel by 98.9% in the 3rd quarter. Two Sigma Investments LP now owns 129,512 shares of the transportation company’s stock worth $7,870,000 after acquiring an additional 64,382 shares in the last quarter. Finally, Par Capital Management Inc. boosted its position in Allegiant Travel by 11.1% during the 2nd quarter. Par Capital Management Inc. now owns 584,996 shares of the transportation company’s stock worth $32,146,000 after acquiring an additional 58,566 shares during the period. Institutional investors and hedge funds own 85.81% of the company’s stock.

About Allegiant Travel

Allegiant Travel Company is a holding company that operates Allegiant Air, a low‐cost leisure airline offering scheduled and charter air service. The company focuses on connecting underserved secondary markets with popular vacation destinations across the United States. By targeting price‐sensitive leisure travelers, Allegiant Air operates a point‐to‐point network that avoids the traditional hub‐and‐spoke model, providing non‐stop flights from smaller cities to resort and entertainment hubs.

In addition to its core flight operations, Allegiant Travel Company offers packaged travel services that include hotel accommodations, rental cars and attraction tickets through its online portal.