Wall Street brokerages expect Allegiant Travel (NASDAQ:ALGT) to post earnings of $4.67 per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Allegiant Travel’s earnings, with the highest EPS estimate coming in at $5.01 and the lowest estimate coming in at $4.03. Allegiant Travel reported earnings of $3.10 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 50.6%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, July 24th.

On average, analysts expect that Allegiant Travel will report full year earnings of $13.37 per share for the current year, with EPS estimates ranging from $12.35 to $14.22. For the next year, analysts expect that the business will report earnings of $14.68 per share, with EPS estimates ranging from $13.22 to $16.76. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Allegiant Travel.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings data on Wednesday, April 24th. The transportation company reported $3.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.88 by $0.10. Allegiant Travel had a return on equity of 25.13% and a net margin of 9.67%. The business had revenue of $451.60 million for the quarter, compared to the consensus estimate of $452.24 million. During the same period in the prior year, the business posted $3.42 earnings per share. The company’s quarterly revenue was up 6.2% compared to the same quarter last year.

A number of equities research analysts have issued reports on ALGT shares. Vertical Research started coverage on Allegiant Travel in a research report on Monday, February 4th. They set a “buy” rating and a $165.00 price objective on the stock. BidaskClub upgraded Allegiant Travel from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. TheStreet upgraded Allegiant Travel from a “c+” rating to a “b-” rating in a research report on Friday, February 8th. Deutsche Bank set a $160.00 price objective on Allegiant Travel and gave the company a “buy” rating in a research report on Friday, March 1st. Finally, ValuEngine downgraded Allegiant Travel from a “sell” rating to a “strong sell” rating in a research report on Tuesday, March 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $153.54.

Shares of ALGT stock opened at $140.11 on Monday. Allegiant Travel has a 1 year low of $98.18 and a 1 year high of $156.15. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 1.63. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 14.01 and a beta of 0.92.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.70 per share. The ex-dividend date is Thursday, June 13th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.00%. Allegiant Travel’s dividend payout ratio is 28.00%.

In other news, CEO Maurice J. Gallagher, Jr. sold 47,920 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $147.77, for a total transaction of $7,081,138.40. Following the transaction, the chief executive officer now owns 2,929,920 shares of the company’s stock, valued at $432,954,278.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Robert Paul Wilson III sold 1,823 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $141.28, for a total value of $257,553.44. Following the transaction, the executive vice president now directly owns 19,300 shares in the company, valued at approximately $2,726,704. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 111,921 shares of company stock worth $16,310,422. Insiders own 20.80% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Huntington National Bank grew its stake in Allegiant Travel by 19,900.0% in the first quarter. Huntington National Bank now owns 200 shares of the transportation company’s stock worth $26,000 after purchasing an additional 199 shares in the last quarter. IFP Advisors Inc boosted its position in Allegiant Travel by 100.0% during the 4th quarter. IFP Advisors Inc now owns 300 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 150 shares in the last quarter. Advisor Group Inc. boosted its position in Allegiant Travel by 75.0% during the 1st quarter. Advisor Group Inc. now owns 231 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 99 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Allegiant Travel by 45.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 541 shares of the transportation company’s stock valued at $54,000 after acquiring an additional 168 shares in the last quarter. Finally, CSat Investment Advisory L.P. boosted its position in Allegiant Travel by 29.8% during the 4th quarter. CSat Investment Advisory L.P. now owns 566 shares of the transportation company’s stock valued at $57,000 after acquiring an additional 130 shares in the last quarter. 79.78% of the stock is currently owned by hedge funds and other institutional investors.

Allegiant Travel Company Profile

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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