Equities analysts predict that Allegiant Travel (NASDAQ:ALGT) will report $372.72 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Allegiant Travel’s earnings, with the highest sales estimate coming in at $375.00 million and the lowest estimate coming in at $370.90 million. Allegiant Travel posted sales of $335.88 million during the same quarter last year, which suggests a positive year over year growth rate of 11%. The business is expected to report its next quarterly earnings results after the market closes on Wednesday, January 31st.

According to Zacks, analysts expect that Allegiant Travel will report full-year sales of $372.72 million for the current fiscal year. For the next year, analysts expect that the firm will post sales of $1.68 billion per share, with estimates ranging from $1.66 billion to $1.71 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Allegiant Travel.

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

A number of brokerages have commented on ALGT. Stifel Nicolaus reissued a “hold” rating and set a $150.00 price objective (up from $135.00) on shares of Allegiant Travel in a report on Wednesday, January 10th. Bank of America raised Allegiant Travel from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a report on Tuesday, January 9th. BidaskClub lowered Allegiant Travel from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. ValuEngine lowered Allegiant Travel from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Deutsche Bank raised Allegiant Travel from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $130.00 to $180.00 in a report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $152.55.

In other news, CFO Scott Sheldon sold 5,872 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $137.63, for a total value of $808,163.36. Following the transaction, the chief financial officer now owns 21,202 shares in the company, valued at approximately $2,918,031.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Maurice J. Gallagher, Jr. sold 17,818 shares of the business’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $155.74, for a total value of $2,774,975.32. The disclosure for this sale can be found here. Insiders sold a total of 40,708 shares of company stock worth $6,227,913 in the last 90 days. Company insiders own 21.00% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. RK Asset Management LLC boosted its stake in shares of Allegiant Travel by 1.8% in the 4th quarter. RK Asset Management LLC now owns 43,982 shares of the transportation company’s stock worth $6,806,000 after buying an additional 767 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Allegiant Travel by 2.5% in the 3rd quarter. California Public Employees Retirement System now owns 28,801 shares of the transportation company’s stock worth $3,793,000 after buying an additional 701 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Allegiant Travel by 47.0% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,258 shares of the transportation company’s stock worth $166,000 after buying an additional 402 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Allegiant Travel in the third quarter valued at approximately $408,000. Finally, Segall Bryant & Hamill LLC purchased a new position in Allegiant Travel in the third quarter valued at approximately $6,141,000. Hedge funds and other institutional investors own 86.15% of the company’s stock.

Shares of Allegiant Travel (NASDAQ:ALGT) opened at $165.50 on Monday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.01 and a current ratio of 1.05. The company has a market capitalization of $2,660.00, a P/E ratio of 17.61 and a beta of 0.16. Allegiant Travel has a twelve month low of $111.54 and a twelve month high of $180.40.

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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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