$4.66 Earnings Per Share Expected for Allegiant Travel (ALGT) This Quarter

Equities analysts predict that Allegiant Travel (NASDAQ:ALGT) will announce earnings per share (EPS) of $4.66 for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Allegiant Travel’s earnings, with the lowest EPS estimate coming in at $3.95 and the highest estimate coming in at $5.01. Allegiant Travel reported earnings per share of $3.10 in the same quarter last year, which would indicate a positive year over year growth rate of 50.3%. The business is expected to report its next earnings report on Wednesday, July 24th.

According to Zacks, analysts expect that Allegiant Travel will report full-year earnings of $13.37 per share for the current year, with EPS estimates ranging from $12.35 to $14.22. For the next fiscal year, analysts anticipate that the company will report earnings of $14.69 per share, with EPS estimates ranging from $13.25 to $16.76. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Allegiant Travel.

Allegiant Travel (NASDAQ:ALGT) last posted its quarterly earnings results on Wednesday, April 24th. The transportation company reported $3.98 EPS for the quarter, topping the consensus estimate of $3.88 by $0.10. Allegiant Travel had a net margin of 9.67% and a return on equity of 25.13%. The company had revenue of $451.60 million during the quarter, compared to analysts’ expectations of $452.24 million. During the same quarter in the previous year, the business posted $3.42 EPS. The firm’s revenue was up 6.2% on a year-over-year basis.

Several brokerages have recently issued reports on ALGT. BidaskClub cut shares of Allegiant Travel from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th. Imperial Capital reiterated an “outperform” rating and issued a $180.00 price target (up previously from $162.00) on shares of Allegiant Travel in a research report on Friday, April 26th. ValuEngine upgraded shares of Allegiant Travel from a “strong sell” rating to a “sell” rating in a research report on Tuesday, April 9th. Macquarie upgraded shares of Allegiant Travel from a “neutral” rating to an “outperform” rating and set a $149.00 price target for the company in a research report on Tuesday, March 26th. Finally, Zacks Investment Research downgraded shares of Allegiant Travel from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. Allegiant Travel presently has a consensus rating of “Buy” and a consensus price target of $153.08.

Shares of Allegiant Travel stock traded up $0.12 during trading hours on Friday, hitting $144.63. The company had a trading volume of 5,871 shares, compared to its average volume of 176,249. Allegiant Travel has a twelve month low of $98.18 and a twelve month high of $163.75. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 1.63. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 14.48 and a beta of 0.92.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Friday, June 14th will be issued a $0.70 dividend. The ex-dividend date is Thursday, June 13th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.94%. Allegiant Travel’s dividend payout ratio is presently 28.00%.

In related news, Director Gary Ellmer sold 1,000 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $124.50, for a total value of $124,500.00. Following the sale, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $249,000. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Maurice J. Gallagher, Jr. sold 47,920 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $147.77, for a total transaction of $7,081,138.40. Following the completion of the sale, the chief executive officer now directly owns 2,929,920 shares in the company, valued at $432,954,278.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 111,921 shares of company stock worth $16,310,422. 20.80% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the business. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Allegiant Travel by 19.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,056 shares of the transportation company’s stock worth $396,000 after purchasing an additional 501 shares during the period. Schonfeld Strategic Advisors LLC boosted its holdings in Allegiant Travel by 177.0% in the first quarter. Schonfeld Strategic Advisors LLC now owns 44,600 shares of the transportation company’s stock worth $5,774,000 after purchasing an additional 28,499 shares during the period. SEI Investments Co boosted its holdings in Allegiant Travel by 333.4% in the first quarter. SEI Investments Co now owns 4,334 shares of the transportation company’s stock worth $569,000 after purchasing an additional 3,334 shares during the period. Geode Capital Management LLC boosted its holdings in Allegiant Travel by 10.0% in the first quarter. Geode Capital Management LLC now owns 161,141 shares of the transportation company’s stock worth $20,862,000 after purchasing an additional 14,637 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Allegiant Travel by 2.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 117,856 shares of the transportation company’s stock worth $15,259,000 after purchasing an additional 3,177 shares during the period. 80.87% of the stock is currently owned by institutional investors.

Allegiant Travel Company Profile

Allegiant Travel Company, a leisure travel company, provides travel services and products to residents of under-served cities in the United States. The company offers scheduled air transportation on limited-frequency, nonstop flights between under-served cities and leisure destinations. As of February 15, 2019, it operated a fleet of 79 Airbus A320 series aircraft.

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