Allegiant Travel (NASDAQ:ALGT) Issues Quarterly Earnings Results, Beats Expectations By $1.08 EPS

Allegiant Travel (NASDAQ:ALGT) issued its quarterly earnings results on Tuesday. The transportation company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $1.08, FiscalAI reports. Allegiant Travel had a positive return on equity of 10.07% and a negative net margin of 1.30%. Allegiant Travel updated its Q3 2026 guidance to -1.000–0.000 EPS.

Allegiant Travel Trading Up 1.6%

NASDAQ:ALGT traded up $1.61 on Tuesday, hitting $105.09. 444,479 shares of the stock were exchanged, compared to its average volume of 565,342. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.87 and a current ratio of 0.91. Allegiant Travel has a 52 week low of $42.56 and a 52 week high of $123.63. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of -52.54, a P/E/G ratio of 0.25 and a beta of 1.53. The company’s 50-day moving average price is $100.18 and its 200 day moving average price is $92.22.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. UBS Group upgraded shares of Allegiant Travel from a “hold” rating to a “buy” rating in a research note on Wednesday, July 8th. Bank of America boosted their price target on shares of Allegiant Travel from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Wall Street Zen upgraded Allegiant Travel from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. JPMorgan Chase & Co. began coverage on Allegiant Travel in a research note on Wednesday, July 1st. They set an “overweight” rating and a $156.00 price target for the company. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Allegiant Travel in a report on Friday, May 29th. Ten analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Allegiant Travel presently has an average rating of “Moderate Buy” and a consensus price target of $128.08.

Institutional Trading of Allegiant Travel

A number of institutional investors have recently bought and sold shares of ALGT. Dimensional Fund Advisors LP grew its position in shares of Allegiant Travel by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 828,012 shares of the transportation company’s stock valued at $70,607,000 after purchasing an additional 7,228 shares during the last quarter. Par Capital Management Inc. lifted its holdings 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 purchasing an additional 58,566 shares during the last quarter. State Street Corp boosted its stake in Allegiant Travel by 0.4% in the 4th quarter. State Street Corp now owns 567,340 shares of the transportation company’s stock valued at $48,377,000 after purchasing an additional 2,282 shares during the period. Franklin Resources Inc. boosted its stake in Allegiant Travel by 15.4% in the 3rd quarter. Franklin Resources Inc. now owns 549,287 shares of the transportation company’s stock valued at $33,380,000 after purchasing an additional 73,360 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its holdings in Allegiant Travel by 14.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 433,668 shares of the transportation company’s stock valued at $26,354,000 after buying an additional 53,800 shares in the last quarter. 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.