Somewhat Positive News Coverage Somewhat Unlikely to Impact Allegiant Travel (ALGT) Share Price
Headlines about Allegiant Travel (NASDAQ:ALGT) have trended somewhat positive on Saturday, Accern Sentiment reports. The research group scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Allegiant Travel earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned media coverage about the transportation company an impact score of 45.3846308067245 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern’s scoring:
- Allegiant Travel Company (ALGT) Director Gary Ellmer Sells 1,000 Shares (americanbankingnews.com)
- ETFs with exposure to Allegiant Travel Co. : December 8, 2017 (finance.yahoo.com)
- Allegiant Reports November 2017 Traffic (finance.yahoo.com)
- St.Pete-Clearwater International hits new passenger traffic record (finance.yahoo.com)
- Allegiant Travel (ALGT) Given “Hold” Rating at Raymond James Financial (americanbankingnews.com)
Several research firms have recently issued reports on ALGT. Morgan Stanley lowered their target price on shares of Allegiant Travel from $139.00 to $133.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 17th. Barclays reissued a “sell” rating and set a $130.00 target price on shares of Allegiant Travel in a research note on Thursday, September 14th. Buckingham Research lowered shares of Allegiant Travel from a “buy” rating to a “neutral” rating in a research note on Monday, December 4th. BidaskClub lowered shares of Allegiant Travel from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Finally, Raymond James Financial reissued a “hold” rating on shares of Allegiant Travel in a research note on Monday, December 4th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. Allegiant Travel has a consensus rating of “Hold” and a consensus price target of $146.45.
Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings results on Wednesday, October 25th. The transportation company reported $1.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.08. The firm had revenue of $348.80 million for the quarter, compared to analyst estimates of $349.79 million. Allegiant Travel had a net margin of 10.52% and a return on equity of 32.19%. Allegiant Travel’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company posted $2.75 EPS. equities analysts anticipate that Allegiant Travel will post 8.6 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Investors of record on Wednesday, November 22nd were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Tuesday, November 21st. Allegiant Travel’s dividend payout ratio is presently 30.08%.
In related news, Director Gary Ellmer sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $148.85, for a total value of $148,850.00. Following the transaction, the director now directly owns 2,120 shares of the company’s stock, valued at approximately $315,562. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President John Redmond purchased 11,000 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The stock was bought at an average cost of $138.28 per share, for a total transaction of $1,521,080.00. Following the completion of the purchase, the president now directly owns 92,574 shares in the company, valued at approximately $12,801,132.72. The disclosure for this purchase can be found here. Company insiders own 21.00% of the company’s stock.
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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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