Allegiant Travel Company (NASDAQ:ALGT) to Release Earnings on Wednesday
Allegiant Travel Company (NASDAQ:ALGT) will post its quarterly earnings results after the market closes on Wednesday, July 26th. Analysts expect Allegiant Travel to post earnings of $2.87 per share for the quarter.
Allegiant Travel (NASDAQ:ALGT) last announced its earnings results on Tuesday, April 25th. The transportation company reported $2.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.58 by $0.08. Allegiant Travel had a net margin of 13.61% and a return on equity of 41.46%. The company had revenue of $375.80 million during the quarter, compared to the consensus estimate of $374.99 million. During the same quarter in the previous year, the company earned $4.29 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. On average, analysts expect Allegiant Travel to post $9.84 EPS for the current fiscal year and $11.76 EPS for the next fiscal year.
Shares of Allegiant Travel Company (ALGT) opened at 143.85 on Wednesday. The company has a market capitalization of $2.36 billion, a PE ratio of 12.61 and a beta of -0.04. Allegiant Travel Company has a one year low of $121.70 and a one year high of $182.25. The company has a 50-day moving average price of $140.25 and a 200 day moving average price of $156.02.
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A number of brokerages have recently weighed in on ALGT. Zacks Investment Research upgraded Allegiant Travel from a “hold” rating to a “buy” rating and set a $159.00 price objective on the stock in a research report on Monday. Sidoti reiterated a “buy” rating and issued a $186.00 price objective (up from $183.00) on shares of Allegiant Travel in a research report on Wednesday, July 12th. Morgan Stanley reiterated an “equal weight” rating and issued a $141.00 price objective (down from $144.00) on shares of Allegiant Travel in a research report on Monday, July 10th. Bank of America Corporation cut their price objective on Allegiant Travel from $175.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, June 30th. Finally, ValuEngine lowered Allegiant Travel from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $161.08.
In other Allegiant Travel news, SVP Gregory Clark Anderson sold 1,500 shares of Allegiant Travel stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $142.08, for a total transaction of $213,120.00. Following the completion of the transaction, the senior vice president now owns 15,054 shares in the company, valued at $2,138,872.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 22.00% of the stock is currently owned by insiders.
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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