Wall Street analysts predict that Allegiant Travel Company (NASDAQ:ALGT) will post sales of $369.55 million for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Allegiant Travel’s earnings, with the lowest sales estimate coming in at $366.40 million and the highest estimate coming in at $375.00 million. Allegiant Travel posted sales of $335.88 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 10%. The firm is scheduled to issue its next earnings results on Tuesday, January 30th.

On average, analysts expect that Allegiant Travel will report full year sales of $369.55 million for the current year, with estimates ranging from $1.49 billion to $1.50 billion. For the next year, analysts forecast that the company will report sales of $1.68 billion per share, with estimates ranging from $1.66 billion to $1.69 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Allegiant Travel.

Allegiant Travel (NASDAQ:ALGT) last released its quarterly earnings data on Wednesday, October 25th. The transportation company reported $1.39 EPS for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.08. Allegiant Travel had a net margin of 10.52% and a return on equity of 32.19%. The firm had revenue of $348.80 million during the quarter, compared to analysts’ expectations of $349.79 million. During the same period in the previous year, the business posted $2.75 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year.

A number of equities analysts have commented on ALGT shares. Zacks Investment Research cut shares of Allegiant Travel from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. ValuEngine cut shares of Allegiant Travel from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Morgan Stanley reduced their price objective on shares of Allegiant Travel from $139.00 to $133.00 and set an “equal weight” rating for the company in a research report on Thursday, August 17th. Citigroup reduced their target price on shares of Allegiant Travel from $175.00 to $168.00 and set a “buy” rating for the company in a research report on Tuesday, September 26th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $135.00 target price (down previously from $150.00) on shares of Allegiant Travel in a research report on Friday, September 22nd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $146.45.

Allegiant Travel (ALGT) opened at $146.25 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 1.01 and a debt-to-equity ratio of 1.78. Allegiant Travel has a 52-week low of $111.54 and a 52-week high of $182.25. The company has a market cap of $2,389.18, a price-to-earnings ratio of 15.96 and a beta of 0.16.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Wednesday, November 22nd were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend was Tuesday, November 21st. Allegiant Travel’s payout ratio is 30.08%.

In related news, President John Redmond bought 11,000 shares of Allegiant Travel stock in a transaction that occurred on Friday, October 27th. The shares were acquired at an average cost of $138.28 per share, for a total transaction of $1,521,080.00. Following the completion of the acquisition, the president now directly owns 92,574 shares of the company’s stock, valued at approximately $12,801,132.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Scott Sheldon sold 5,872 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $137.63, for a total value of $808,163.36. Following the completion of the sale, the chief financial officer now owns 21,202 shares in the company, valued at $2,918,031.26. The disclosure for this sale can be found here. 22.00% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of ALGT. Bank of Montreal Can raised its position in shares of Allegiant Travel by 28.9% during the second quarter. Bank of Montreal Can now owns 829 shares of the transportation company’s stock worth $112,000 after purchasing an additional 186 shares during the period. Great West Life Assurance Co. Can raised its position in Allegiant Travel by 4.1% in the 2nd quarter. Great West Life Assurance Co. Can now owns 17,939 shares of the transportation company’s stock valued at $2,431,000 after buying an additional 708 shares during the last quarter. Daiwa Securities Group Inc. purchased a new stake in Allegiant Travel in the 2nd quarter valued at $203,000. Texas Permanent School Fund raised its position in Allegiant Travel by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 9,596 shares of the transportation company’s stock valued at $1,301,000 after buying an additional 81 shares during the last quarter. Finally, Sei Investments Co. raised its position in Allegiant Travel by 4.1% in the 2nd quarter. Sei Investments Co. now owns 39,011 shares of the transportation company’s stock valued at $5,290,000 after buying an additional 1,535 shares during the last quarter. 86.22% of the stock is currently owned by institutional investors.

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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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Earnings History and Estimates for Allegiant Travel (NASDAQ:ALGT)

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