Equities research analysts predict that Allegiant Travel (NASDAQ:ALGT) will announce sales of $407.39 million for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Allegiant Travel’s earnings. The lowest sales estimate is $402.60 million and the highest is $414.64 million. Allegiant Travel reported sales of $378.56 million in the same quarter last year, which would suggest a positive year over year growth rate of 7.6%. The firm is expected to report its next earnings results on Wednesday, January 30th.
On average, analysts expect that Allegiant Travel will report full year sales of $1.66 billion for the current fiscal year, with estimates ranging from $1.65 billion to $1.67 billion. For the next year, analysts anticipate that the company will report sales of $1.84 billion, with estimates ranging from $1.78 billion to $1.90 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Allegiant Travel.
Allegiant Travel (NASDAQ:ALGT) last announced its earnings results on Wednesday, October 24th. The transportation company reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.02). Allegiant Travel had a net margin of 12.42% and a return on equity of 26.83%. The company had revenue of $393.11 million for the quarter, compared to the consensus estimate of $390.30 million. During the same quarter in the previous year, the firm earned $1.39 earnings per share. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year.
ALGT has been the subject of several research analyst reports. Wolfe Research lowered shares of Allegiant Travel from an “outperform” rating to a “peer perform” rating in a research report on Friday, September 14th. ValuEngine downgraded shares of Allegiant Travel from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 27th. Imperial Capital reissued an “in-line” rating and set a $130.00 price target (up from $121.00) on shares of Allegiant Travel in a research note on Tuesday, September 18th. Buckingham Research decreased their price target on shares of Allegiant Travel from $165.00 to $155.00 and set a “buy” rating on the stock in a research note on Wednesday, October 10th. Finally, Cowen decreased their price target on shares of Allegiant Travel from $142.00 to $132.00 and set a “market perform” rating on the stock in a research note on Thursday, October 25th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. Allegiant Travel has an average rating of “Hold” and a consensus target price of $155.50.
In other Allegiant Travel news, President John Redmond purchased 12,000 shares of the firm’s stock in a transaction on Wednesday, October 31st. The shares were purchased at an average cost of $115.42 per share, with a total value of $1,385,040.00. Following the completion of the purchase, the president now owns 102,125 shares of the company’s stock, valued at approximately $11,787,267.50. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 20.80% of the company’s stock.
Several hedge funds have recently bought and sold shares of the business. Rhumbline Advisers increased its stake in shares of Allegiant Travel by 2.4% in the second quarter. Rhumbline Advisers now owns 32,204 shares of the transportation company’s stock worth $4,475,000 after buying an additional 745 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Allegiant Travel by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 217,109 shares of the transportation company’s stock worth $30,167,000 after buying an additional 1,016 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Allegiant Travel by 5.3% in the second quarter. Public Employees Retirement System of Ohio now owns 26,905 shares of the transportation company’s stock worth $3,738,000 after buying an additional 1,361 shares during the period. Janus Henderson Group PLC increased its stake in shares of Allegiant Travel by 5.1% in the second quarter. Janus Henderson Group PLC now owns 288,054 shares of the transportation company’s stock worth $40,025,000 after buying an additional 14,023 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Allegiant Travel by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 430,716 shares of the transportation company’s stock worth $59,848,000 after buying an additional 5,280 shares during the period. 86.08% of the stock is currently owned by hedge funds and other institutional investors.
Allegiant Travel stock traded down $8.81 during mid-day trading on Monday, hitting $126.32. 160,083 shares of the company traded hands, compared to its average volume of 160,335. Allegiant Travel has a one year low of $105.21 and a one year high of $181.45. The firm has a market cap of $2.18 billion, a PE ratio of 13.23, a PEG ratio of 0.63 and a beta of 0.32. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.53 and a quick ratio of 0.50.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 5th. Shareholders of record on Friday, November 23rd were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.22%. The ex-dividend date was Wednesday, November 21st. Allegiant Travel’s dividend payout ratio (DPR) is presently 29.32%.
About Allegiant Travel
Allegiant Travel Company, a leisure travel company, focuses on the provision of 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.
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