Wall Street analysts predict that Allegiant Travel (NASDAQ:ALGT) will post $408.09 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Allegiant Travel’s earnings. The lowest sales estimate is $402.60 million and the highest is $414.64 million. Allegiant Travel posted sales of $378.56 million during the same quarter last year, which suggests a positive year over year growth rate of 7.8%. The company is scheduled to report its next quarterly earnings report on Wednesday, January 30th.

According to Zacks, analysts expect that Allegiant Travel will report full-year sales of $1.66 billion for the current financial year, with estimates ranging from $1.65 billion to $1.67 billion. For the next financial year, analysts forecast that the business will report sales of $1.85 billion, with estimates ranging from $1.78 billion to $1.90 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Allegiant Travel.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings data 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). The firm had revenue of $393.11 million for the quarter, compared to analyst estimates of $390.30 million. Allegiant Travel had a return on equity of 26.83% and a net margin of 12.42%. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.39 earnings per share.

Several equities analysts recently issued reports on the company. ValuEngine cut Allegiant Travel from a “sell” rating to a “strong sell” rating in a report on Thursday, July 26th. Imperial Capital reduced their price objective on Allegiant Travel from $165.00 to $121.00 and set an “inline” rating for the company in a report on Friday, July 27th. Morgan Stanley lifted their price objective on Allegiant Travel from $130.00 to $133.00 and gave the stock an “equal weight” rating in a report on Wednesday. Goldman Sachs Group assumed coverage on Allegiant Travel in a report on Monday. They set a “buy” rating and a $167.00 price objective for the company. Finally, Buckingham Research reduced their price objective on Allegiant Travel from $179.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, July 26th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $153.09.

ALGT stock traded up $0.02 during midday trading on Friday, hitting $121.43. 117,700 shares of the stock were exchanged, compared to its average volume of 191,169. The stock has a market cap of $1.97 billion, a PE ratio of 12.72, a P/E/G ratio of 0.57 and a beta of 0.30. Allegiant Travel has a fifty-two week low of $105.21 and a fifty-two week high of $181.45. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.50 and a current ratio of 0.53.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 5th. Stockholders of record on Friday, November 23rd will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, November 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.31%. Allegiant Travel’s dividend payout ratio (DPR) is 29.32%.

In other news, EVP Robert Paul Wilson III sold 380 shares of the business’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $135.01, for a total value of $51,303.80. Following the completion of the transaction, the executive vice president now directly owns 17,816 shares of the company’s stock, valued at $2,405,338.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President John Redmond purchased 12,000 shares of the business’s stock in a transaction dated Wednesday, October 31st. The stock was bought at an average cost of $115.42 per share, with a total value of $1,385,040.00. Following the completion of the acquisition, the president now owns 102,125 shares of the company’s stock, valued at $11,787,267.50. The disclosure for this purchase can be found here. Insiders own 20.80% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Allegiant Travel by 4.6% in the third quarter. BlackRock Inc. now owns 1,817,588 shares of the transportation company’s stock worth $230,470,000 after acquiring an additional 79,958 shares during the last quarter. First Pacific Advisors LP raised its holdings in shares of Allegiant Travel by 9.0% in the third quarter. First Pacific Advisors LP now owns 554,850 shares of the transportation company’s stock worth $70,355,000 after acquiring an additional 45,651 shares during the last quarter. Diamond Hill Capital Management Inc. raised its holdings in shares of Allegiant Travel by 24.2% in the third quarter. Diamond Hill Capital Management Inc. now owns 520,505 shares of the transportation company’s stock worth $66,000,000 after acquiring an additional 101,366 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Allegiant Travel by 3.5% in the third quarter. Dimensional Fund Advisors LP now owns 445,840 shares of the transportation company’s stock worth $56,534,000 after acquiring an additional 15,124 shares during the last quarter. Finally, Schroder Investment Management Group raised its holdings in shares of Allegiant Travel by 206.3% in the second quarter. Schroder Investment Management Group now owns 323,012 shares of the transportation company’s stock worth $4,970,000 after acquiring an additional 217,539 shares during the last quarter. 87.86% of the stock is owned by institutional investors.

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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