Allegiant Travel (ALGT) Given Daily News Impact Score of 0.07
Media coverage about Allegiant Travel (NASDAQ:ALGT) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Allegiant Travel earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave media stories about the transportation company an impact score of 46.7237939133094 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s analysis:
- Allegiant Travel Company (ALGT) Rating Lowered to Strong Sell at BidaskClub (americanbankingnews.com)
- Allegiant Travel Company : (ALGT) Saw a 52-Week Low (4-traders.com)
- Allegiant Travel (ALGT) Slips to 52-Week Low: Here’s Why (zacks.com)
- Allegiant Travel Company (NASDAQ:ALGT) Stock Traded -11.3% Below Its 50 Day Moving Average (highlightpress.com)
- Allegiant Travel (ALGT) Slips to 52-Week Low: Here's Why (finance.yahoo.com)
Allegiant Travel (NASDAQ:ALGT) opened at 115.85 on Thursday. The company has a market cap of $1.88 billion, a P/E ratio of 10.87 and a beta of -0.05. Allegiant Travel has a 12 month low of $115.80 and a 12 month high of $182.25. The stock has a 50 day moving average of $132.63 and a 200-day moving average of $148.27.
Allegiant Travel (NASDAQ:ALGT) last posted its quarterly earnings results on Wednesday, July 26th. The transportation company reported $2.94 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.96 by $0.02. The company had revenue of $400.60 million for the quarter, compared to the consensus estimate of $399.58 million. Allegiant Travel had a net margin of 12.23% and a return on equity of 37.66%. Allegiant Travel’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.68 EPS. Equities research analysts expect that Allegiant Travel will post $9.33 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Friday, August 18th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, August 16th. This represents a $2.80 annualized dividend and a yield of 2.42%. Allegiant Travel’s payout ratio is currently 26.24%.
Allegiant Travel declared that its board has authorized a stock buyback plan on Wednesday, July 26th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the transportation company to reacquire up to 4.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.
A number of research analysts recently weighed in on the stock. BidaskClub downgraded shares of Allegiant Travel from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Morgan Stanley decreased their target price on shares of Allegiant Travel from $139.00 to $133.00 and set an “equal weight” rating for the company in a research report on Thursday, August 17th. Cowen and Company reaffirmed a “market perform” rating and issued a $150.00 target price (down previously from $157.00) on shares of Allegiant Travel in a research report on Thursday, July 27th. Imperial Capital reaffirmed an “in-line” rating and issued a $155.00 target price (down previously from $170.00) on shares of Allegiant Travel in a research report on Thursday, April 27th. Finally, Bank of America Corporation downgraded shares of Allegiant Travel from a “buy” rating to a “neutral” rating and decreased their target price for the company from $205.00 to $175.00 in a research report on Wednesday, April 26th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. Allegiant Travel presently has an average rating of “Hold” and an average target price of $157.92.
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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