Allegiant Travel (NASDAQ:ALGT) – Equities researchers at Imperial Capital cut their Q1 2018 earnings per share (EPS) estimates for shares of Allegiant Travel in a report issued on Thursday. Imperial Capital analyst M. Derchin now anticipates that the transportation company will post earnings of $3.04 per share for the quarter, down from their previous forecast of $3.06. Imperial Capital has a “In-Line” rating and a $165.00 price objective on the stock. Imperial Capital also issued estimates for Allegiant Travel’s Q2 2018 earnings at $3.29 EPS, Q3 2018 earnings at $1.64 EPS and FY2019 earnings at $13.10 EPS.
Allegiant Travel (NASDAQ:ALGT) last posted its earnings results on Wednesday, January 31st. The transportation company reported $2.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.93. Allegiant Travel had a return on equity of 32.60% and a net margin of 12.96%. The firm had revenue of $378.56 million during the quarter, compared to analyst estimates of $377.25 million. During the same period in the previous year, the company earned $2.48 EPS. The company’s revenue for the quarter was up 12.7% on a year-over-year basis.
Shares of Allegiant Travel (ALGT) opened at $159.90 on Monday. Allegiant Travel has a 1-year low of $111.54 and a 1-year high of $178.20. The company has a quick ratio of 1.01, a current ratio of 1.05 and a debt-to-equity ratio of 1.78. The firm has a market capitalization of $2,548.35, a P/E ratio of 16.61, a P/E/G ratio of 0.50 and a beta of 0.17.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, March 2nd will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.75%. Allegiant Travel’s dividend payout ratio (DPR) is presently 23.41%.
In other news, CEO Maurice J. Gallagher, Jr. sold 71,678 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $165.54, for a total transaction of $11,865,576.12. Following the completion of the transaction, the chief executive officer now directly owns 3,071,196 shares in the company, valued at $508,405,785.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gary Ellmer sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $148.85, for a total value of $148,850.00. Following the transaction, the director now owns 2,120 shares of the company’s stock, valued at $315,562. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 288,696 shares of company stock valued at $47,742,513. Corporate insiders own 22.00% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. D.A. Davidson & CO. lifted its holdings in shares of Allegiant Travel by 2.0% during the second quarter. D.A. Davidson & CO. now owns 1,176 shares of the transportation company’s stock worth $159,000 after buying an additional 23 shares during the last quarter. Amalgamated Bank raised its stake in shares of Allegiant Travel by 4.4% in the second quarter. Amalgamated Bank now owns 1,823 shares of the transportation company’s stock valued at $247,000 after purchasing an additional 77 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Allegiant Travel by 6.4% in the fourth quarter. Victory Capital Management Inc. now owns 5,605 shares of the transportation company’s stock valued at $867,000 after purchasing an additional 338 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Allegiant Travel by 47.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,258 shares of the transportation company’s stock valued at $166,000 after purchasing an additional 402 shares in the last quarter. Finally, American International Group Inc. raised its stake in shares of Allegiant Travel by 4.9% in the third quarter. American International Group Inc. now owns 10,306 shares of the transportation company’s stock valued at $1,357,000 after purchasing an additional 483 shares in the last quarter. Institutional investors own 85.90% of the company’s stock.
WARNING: “Q1 2018 EPS Estimates for Allegiant Travel Lowered by Imperial Capital (ALGT)” was first posted by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this piece can be read at https://www.com-unik.info/2018/02/07/q1-2018-eps-estimates-for-allegiant-travel-lowered-by-imperial-capital-algt.html.
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.
Receive News & Ratings for Allegiant Travel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegiant Travel and related companies with MarketBeat.com's FREE daily email newsletter.