$456.47 Million in Sales Expected for Allegiant Travel (NASDAQ:ALGT) This Quarter

Analysts expect Allegiant Travel (NASDAQ:ALGT) to report $456.47 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Allegiant Travel’s earnings. The lowest sales estimate is $455.00 million and the highest is $457.60 million. Allegiant Travel posted sales of $412.11 million during the same quarter last year, which would suggest a positive year over year growth rate of 10.8%. The business is expected to report its next earnings results on Wednesday, January 29th.

According to Zacks, analysts expect that Allegiant Travel will report full year sales of $1.84 billion for the current year. For the next financial year, analysts anticipate that the firm will report sales of $2.06 billion, with estimates ranging from $2.02 billion to $2.10 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Allegiant Travel.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $2.70 EPS for the quarter, topping the consensus estimate of $2.21 by $0.49. Allegiant Travel had a return on equity of 28.76% and a net margin of 11.85%. The firm had revenue of $436.51 million during the quarter, compared to the consensus estimate of $429.44 million. During the same period in the prior year, the business posted $0.94 earnings per share. The company’s quarterly revenue was up 11.0% compared to the same quarter last year.

Several equities analysts have weighed in on the company. ValuEngine cut Allegiant Travel from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 10th. Buckingham Research upped their target price on shares of Allegiant Travel from $206.00 to $219.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Stifel Nicolaus increased their target price on shares of Allegiant Travel from $180.00 to $205.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Cowen reiterated a “market perform” rating and issued a $186.00 target price on shares of Allegiant Travel in a report on Thursday, November 14th. Finally, Morgan Stanley raised their price target on shares of Allegiant Travel from $152.00 to $164.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. Allegiant Travel currently has an average rating of “Buy” and an average target price of $172.69.

In other Allegiant Travel news, CEO Maurice J. Gallagher, Jr. sold 14,092 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $169.81, for a total value of $2,392,962.52. Following the transaction, the chief executive officer now directly owns 2,847,476 shares in the company, valued at $483,529,899.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Maurice J. Gallagher, Jr. sold 60,908 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $163.14, for a total transaction of $9,936,531.12. Following the transaction, the chief executive officer now directly owns 2,847,476 shares of the company’s stock, valued at $464,537,234.64. The disclosure for this sale can be found here. Company insiders own 20.90% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Quest Capital Management Inc. ADV purchased a new position in Allegiant Travel in the third quarter valued at approximately $25,000. Advisors Preferred LLC purchased a new stake in Allegiant Travel in the second quarter worth $26,000. MUFG Americas Holdings Corp purchased a new stake in Allegiant Travel in the second quarter worth $29,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Allegiant Travel by 68.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 331 shares of the transportation company’s stock valued at $50,000 after buying an additional 135 shares during the period. Finally, Advisor Group Inc. raised its stake in shares of Allegiant Travel by 55.8% in the second quarter. Advisor Group Inc. now owns 360 shares of the transportation company’s stock valued at $51,000 after buying an additional 129 shares during the period. Institutional investors own 81.95% of the company’s stock.

Shares of Allegiant Travel stock opened at $168.82 on Wednesday. The company has a market capitalization of $2.74 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 0.44 and a beta of 0.91. The stock has a fifty day simple moving average of $165.44 and a 200 day simple moving average of $150.27. Allegiant Travel has a 12-month low of $98.18 and a 12-month high of $174.92. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 1.47.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 22nd will be paid a $0.70 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.80 dividend on an annualized basis and a yield of 1.66%. Allegiant Travel’s dividend payout ratio (DPR) is presently 28.00%.

Allegiant Travel Company Profile

Allegiant Travel Company, a leisure travel company, provides 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. As of February 15, 2019, it operated a fleet of 79 Airbus A320 series aircraft.

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