Allegiant Travel (NASDAQ:ALGT) Announces Earnings Results, Beats Expectations By $1.08 EPS

Allegiant Travel (NASDAQ:ALGT) issued its quarterly earnings results on Tuesday. The transportation company reported $2.19 EPS for the quarter, topping the consensus estimate of $1.11 by $1.08, FiscalAI reports. Allegiant Travel had a negative net margin of 1.30% and a positive return on equity of 10.07%. Allegiant Travel updated its Q3 2026 guidance to -1.000–0.000 EPS.

Allegiant Travel Stock Up 1.6%

Shares of Allegiant Travel stock traded up $1.61 during trading hours on Tuesday, hitting $105.09. 440,564 shares of the company’s stock traded hands, compared to its average volume of 564,128. Allegiant Travel has a twelve month low of $42.56 and a twelve month high of $123.63. The company has a market cap of $1.94 billion, a PE ratio of -52.54, a PEG ratio of 0.25 and a beta of 1.53. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 1.52. The stock has a 50 day simple moving average of $100.18 and a 200-day simple moving average of $92.22.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ALGT. NewEdge Advisors LLC raised its position in shares of Allegiant Travel by 43.7% in the 2nd quarter. NewEdge Advisors LLC now owns 1,227 shares of the transportation company’s stock valued at $67,000 after purchasing an additional 373 shares in the last quarter. iSAM Funds UK Ltd bought a new stake in shares of Allegiant Travel in the third quarter worth $69,000. State of Wyoming bought a new stake in shares of Allegiant Travel in the second quarter worth $159,000. Tower Research Capital LLC TRC raised its holdings in Allegiant Travel by 856.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,308 shares of the transportation company’s stock valued at $182,000 after acquiring an additional 2,962 shares in the last quarter. Finally, FourThought Financial Partners LLC bought a new position in Allegiant Travel during the 3rd quarter valued at $202,000. Hedge funds and other institutional investors own 85.81% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on ALGT. Barclays began coverage on Allegiant Travel in a research report on Wednesday, July 8th. They issued an “overweight” rating and a $145.00 target price on the stock. Morgan Stanley lifted their price objective on Allegiant Travel from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Allegiant Travel in a report on Friday, May 29th. JPMorgan Chase & Co. initiated coverage on shares of Allegiant Travel in a research note on Wednesday, July 1st. They set an “overweight” rating and a $156.00 price objective for the company. Finally, The Goldman Sachs Group increased their price objective on shares of Allegiant Travel from $125.00 to $142.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Ten research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $128.08.

About Allegiant Travel

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.