Allegiant Travel (NASDAQ:ALGT) Releases Q3 2026 Earnings Guidance

Allegiant Travel (NASDAQ:ALGT) issued an update on its third quarter 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of -1.000–0.000 for the period, compared to the consensus estimate of -0.320. The company issued revenue guidance of -.

Allegiant Travel Price Performance

NASDAQ:ALGT traded up $1.61 during trading hours on Tuesday, reaching $105.09. 440,564 shares of the company were exchanged, compared to its average volume of 564,128. The business has a 50 day moving average of $100.18 and a 200 day moving average of $92.22. Allegiant Travel has a 1-year low of $42.56 and a 1-year high of $123.63. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.91 and a quick ratio of 0.87. The company has a market capitalization of $1.94 billion, a P/E ratio of -52.54, a P/E/G ratio of 0.25 and a beta of 1.53.

Allegiant Travel (NASDAQ:ALGT) last released its earnings results on Tuesday, August 4th. The transportation company reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $1.08. Allegiant Travel had a positive return on equity of 10.07% and a negative net margin of 1.30%.Allegiant Travel has set its Q3 2026 guidance at -1.000–0.000 EPS. Research analysts forecast that Allegiant Travel will post 7.5 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Bank of America raised their target price on shares of Allegiant Travel from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. The Goldman Sachs Group raised their target price on Allegiant Travel from $125.00 to $142.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Wall Street Zen upgraded Allegiant Travel from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. JPMorgan Chase & Co. initiated coverage on Allegiant Travel in a report on Wednesday, July 1st. They set an “overweight” rating and a $156.00 price target for the company. Finally, Susquehanna upped their price objective on Allegiant Travel from $85.00 to $132.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 7th. Ten research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $128.08.

Hedge Funds Weigh In On Allegiant Travel

A number of hedge funds have recently made changes to their positions in the stock. Balyasny Asset Management L.P. acquired a new stake in Allegiant Travel in the fourth quarter valued at approximately $16,405,000. Franklin Resources Inc. raised its position in shares of Allegiant Travel by 15.4% during the third quarter. Franklin Resources Inc. now owns 549,287 shares of the transportation company’s stock worth $33,380,000 after purchasing an additional 73,360 shares during the period. Bank of America Corp DE lifted its holdings in shares of Allegiant Travel by 148.1% in the 2nd quarter. Bank of America Corp DE now owns 118,896 shares of the transportation company’s stock worth $6,533,000 after purchasing an additional 70,982 shares in the last quarter. UBS Group AG lifted its holdings in shares of Allegiant Travel by 25.8% in the 3rd quarter. UBS Group AG now owns 327,828 shares of the transportation company’s stock worth $19,922,000 after purchasing an additional 67,327 shares in the last quarter. Finally, Two Sigma Investments LP grew its position in Allegiant Travel by 98.9% in the 3rd quarter. Two Sigma Investments LP now owns 129,512 shares of the transportation company’s stock valued at $7,870,000 after purchasing an additional 64,382 shares during the period. 85.81% of the stock is currently owned by institutional investors.

Allegiant Travel Company Profile

Allegiant Travel Company is a holding company that operates Allegiant Air, a low‐cost leisure airline offering scheduled and charter air service. The company focuses on connecting underserved secondary markets with popular vacation destinations across the United States. By targeting price‐sensitive leisure travelers, Allegiant Air operates a point‐to‐point network that avoids the traditional hub‐and‐spoke model, providing non‐stop flights from smaller cities to resort and entertainment hubs.

In addition to its core flight operations, Allegiant Travel Company offers packaged travel services that include hotel accommodations, rental cars and attraction tickets through its online portal.