Allegiant Travel (NASDAQ: ALGT – Get Rating) will report results after the market close on Wednesday, February 1. Analysts expect the company to report earnings of $0.75 per share for the quarter. Allegiant Travel has set Q4 2022 guidance on EPS. Investors interested in registering for the company’s conference call can do so using this link.
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Allegiant Travel (NASDAQ: ALGT – Get Rating) last announced quarterly earnings data on Wednesday, November 2nd. The transportation company reported EPS of ($0.54) for the quarter and missed the consensus estimate of ($0.47) by ($0.07). Allegiant Travel had a net profit margin of 1.80% and a return on equity of 1.68%. The business generated $560.33 million in revenue for the quarter, compared to consensus expectations of $556.65 million. On average, analysts expect Allegiant Travel to report EPS of $1 in the current fiscal year and $6 in the next fiscal year.
Allegiant Travel Price Performance
ALGT shares on Wednesday opened at $83.60. On Allegiant Travel, his 12-month low is $62.94 and his 12-month high is $186.86. The stock has a market cap of $1.54 billion, a price/earnings ratio of -38.17 and a beta of 1.56. The stock has a 50-day simple moving average of $75.13 and a 200-day simple moving average of $86.00. The company has a current ratio of 1.32, a quick ratio of 1.27 and a debt to equity ratio of 1.55.
Insider activity
In related news, CMO Scott Wayne Deangelo sold 1,250 shares of the company’s stock in a transaction on Tuesday, January 3rd. The shares sold for an average of $69.37, and the total transaction value he had was $86,712.50. Following the sale, the Chief Marketing Officer now directly owns 15,106 shares of the Company’s stock valued at $1,047,903.22. The transaction was disclosed in SEC filings accessible via this hyperlink. A corporate insider owns his 15.10% of the company’s shares.
Allegiant Travel Institutional Transactions
Several hedge funds and other institutional investors have recently bought and sold shares of ALGT. Price T Rowe Associates Inc. MD increased his Allegiant Travel holdings by 220.5% in the second quarter. Price T Rowe Associates Inc. MD owns 1,330,668 shares of the shipping company worth $150,485,000 after he acquired an additional 915,511 shares during the period. State Street Corp increased his stake in Allegiant Travel by 7.7% in the first quarter. State Street Corp owns 643,363 shares of the transportation company worth $144,476,000 after purchasing an additional 46,220 shares during this period. Polar Asset Management Partners Inc. purchased new shares in his Allegiant Travel worth approximately $6,479,000 in the first quarter. Royal London Asset Management Ltd. raised his Allegiant Travel stake by 35.4% in the first quarter. Royal London Asset Management Ltd. owns 134,205 shares of the shipping company valued at $21,813,000 after purchasing an additional 35,081 shares during the period. Finally, Renaissance Technologies LLC purchased new shares in his Allegiant Travel worth approximately $3,200,000 in the second quarter. 85.77% of the shares are owned by institutional investors and hedge funds.
Analyst Rating Change
Several equity research analysts are eyeing ALGT shares. StockNews.com upgraded Allegiant Travel’s rating from ‘sell’ to ‘pending’ in a report on Tuesday, October 11th. Cowen downgraded Allegiant Travel’s rating from “outperform” to “market perform” and set a target price he set at $80.00. In a report on Thursday, December 15th. Goldman Sachs Group began covering his Allegiant Travel in a report on Friday, Dec. 16. They issued a “Buy” rating and a company target price of $96.00. Barclays lowered Allegiant Travel’s price target from $100.00 to $96.00 in a report on Wednesday, January 11, giving the company an “overweight” rating. Finally, Susquehanna Bancshares lowered Allegiant Travel’s price target from $140.00 to $110.00 in a research note on Tuesday, October 11th. Ten investment analysts assigned a hold rating to the stock and four assigned a buy rating to the company’s stock. According to MarketBeat.com, Allegiant Travel currently has an average rating of “pending” and an average price target of $102.33.
About Allegiant Travel
(get rating)
Allegiant Travel Co is engaged in providing travel services. This includes scheduled air transportation, air-related travel services and products, third-party travel products, and fixed-price contract air transportation. It operates through its Airline, Sunseeker Resorts and Other non-airline segments.
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