Media headlines about Allegiant Travel (NASDAQ:ALGT) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Allegiant Travel earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned news stories about the transportation company an impact score of 46.6855646236673 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Allegiant Travel (ALGT) Stock Rating Upgraded by ValuEngine (americanbankingnews.com)
- Allegiant Travel (ALGT) Upgraded to Buy by Deutsche Bank (americanbankingnews.com)
- Allegiant Announces Vote To Ratify Flight Attendant Contract With Transport Workers Union (finance.yahoo.com)
- Deutsche Bank Upgrades Allegiant Travel Company (ALGT) to Buy (streetinsider.com)
- Allegiant Travel Co. (ALGT) Has Climbed To An 8-Month High (nasdaq.com)
Several equities analysts have recently issued reports on ALGT shares. Zacks Investment Research raised Allegiant Travel from a “sell” rating to a “hold” rating in a report on Monday, December 4th. Cowen reissued a “market perform” rating and issued a $158.00 price objective (up previously from $145.00) on shares of Allegiant Travel in a report on Friday, December 1st. Macquarie started coverage on Allegiant Travel in a report on Monday, September 25th. They issued a “neutral” rating and a $119.00 price objective for the company. Citigroup decreased their price objective on Allegiant Travel from $175.00 to $168.00 and set a “buy” rating for the company in a report on Tuesday, September 26th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $135.00 price objective (down previously from $150.00) on shares of Allegiant Travel in a report on Friday, September 22nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. Allegiant Travel currently has a consensus rating of “Hold” and an average target price of $151.18.
Allegiant Travel (NASDAQ:ALGT) last released its quarterly earnings results on Wednesday, October 25th. The transportation company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.08. The company had revenue of $348.80 million during the quarter, compared to analysts’ expectations of $349.79 million. Allegiant Travel had a return on equity of 32.19% and a net margin of 10.52%. Allegiant Travel’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.75 EPS. analysts forecast that Allegiant Travel will post 8.6 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Investors of record on Wednesday, November 22nd were issued a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $2.80 dividend on an annualized basis and a yield of 1.75%. Allegiant Travel’s payout ratio is 30.08%.
In other Allegiant Travel news, President John Redmond purchased 11,000 shares of Allegiant Travel stock in a transaction that occurred on Friday, October 27th. The stock was bought at an average price of $138.28 per share, with a total value of $1,521,080.00. Following the acquisition, the president now owns 92,574 shares of the company’s stock, valued at approximately $12,801,132.72. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary Ellmer sold 1,000 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $148.85, for a total value of $148,850.00. Following the completion of the transaction, the director now directly owns 2,120 shares of the company’s stock, valued at approximately $315,562. The disclosure for this sale can be found here. Corporate insiders own 21.00% of the company’s stock.
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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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