Allegiant Travel (ALGT) to Release Quarterly Earnings on Wednesday

Allegiant Travel (NASDAQ:ALGT) will be issuing its quarterly earnings data after the market closes on Wednesday, January 31st. Analysts expect the company to announce earnings of $2.09 per share for the quarter.

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. On average, analysts expect Allegiant Travel to post $9 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Allegiant Travel (ALGT) opened at $167.65 on Wednesday. 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 $178.45. The company has a market cap of $2,700.00, a price-to-earnings ratio of 17.84, a price-to-earnings-growth ratio of 2.46 and a beta of 0.16.

ALGT has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Allegiant Travel from a “sell” rating to a “hold” rating in a research report on Monday, December 4th. Cowen reissued a “market perform” rating and issued a $158.00 target price (up previously from $145.00) on shares of Allegiant Travel in a research report on Friday, December 1st. ValuEngine raised shares of Allegiant Travel from a “hold” rating to a “buy” rating in a research report on Thursday, December 21st. 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, Deutsche Bank raised shares of Allegiant Travel from a “hold” rating to a “buy” rating and boosted their target price for the company from $130.00 to $180.00 in a research report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. Allegiant Travel presently has an average rating of “Hold” and a consensus target price of $157.09.

In related news, CEO Maurice J. Gallagher, Jr. sold 16,018 shares of the business’s stock in a transaction dated Friday, December 28th. The stock was sold at an average price of $155.82, for a total value of $2,495,924.76. Following the completion of the transaction, the chief executive officer now owns 3,144,674 shares of the company’s stock, valued at $490,003,102.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Scott Sheldon sold 5,872 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 21,202 shares of the company’s stock, valued at approximately $2,918,031.26. The disclosure for this sale can be found here. In the last three months, insiders sold 294,568 shares of company stock valued at $48,550,676. 22.00% of the stock is currently owned by company insiders.

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Allegiant Travel Company Profile

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.

Earnings History for Allegiant Travel (NASDAQ:ALGT)

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