Allegiant Travel Co. (NASDAQ:ALGT) – Stock analysts at Imperial Capital issued their Q3 2016 earnings per share (EPS) estimates for Allegiant Travel in a research note issued on Friday. Imperial Capital analyst B. Mcadoo anticipates that the firm will post earnings per share of $2.58 for the quarter. Imperial Capital currently has a “Outperform” rating and a $164.00 price target on the stock. Imperial Capital also issued estimates for Allegiant Travel’s FY2016 earnings at $13.10 EPS, Q1 2017 earnings at $3.57 EPS, Q2 2017 earnings at $3.14 EPS, Q3 2017 earnings at $2.26 EPS, Q4 2017 earnings at $2.37 EPS, FY2017 earnings at $11.35 EPS, FY2018 earnings at $11.56 EPS and FY2019 earnings at $6.33 EPS.
A number of other equities research analysts have also recently issued reports on the company. Cowen and Company lowered their price objective on Allegiant Travel from $165.00 to $147.00 and set a “market perform” rating on the stock in a research note on Monday, August 1st. Zacks Investment Research cut Allegiant Travel from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 24th. Raymond James Financial Inc. upgraded Allegiant Travel from a “market perform” rating to an “outperform” rating and set a $190.00 price objective on the stock in a research note on Tuesday, June 14th. Credit Suisse Group AG set a $133.00 target price on Allegiant Travel and gave the company a “hold” rating in a report on Tuesday, September 13th. Finally, Stifel Nicolaus reduced their target price on Allegiant Travel from $200.00 to $155.00 and set a “buy” rating for the company in a report on Wednesday, August 3rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. Allegiant Travel has a consensus rating of “Hold” and an average price target of $177.92.
Allegiant Travel (NASDAQ:ALGT) opened at 144.93 on Monday. Allegiant Travel has a one year low of $121.70 and a one year high of $228.79. The company has a 50-day moving average of $135.73 and a 200-day moving average of $146.54. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 10.32 and a beta of -0.09.
Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings data on Friday, July 29th. The company reported $3.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.55 by $0.13. The business earned $344.90 million during the quarter, compared to analyst estimates of $343.11 million. Allegiant Travel had a net margin of 17.94% and a return on equity of 64.40%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business earned $3.18 EPS.
A number of hedge funds have recently modified their holdings of ALGT. Capital Investment Services of America Inc. raised its stake in shares of Allegiant Travel by 9.8% in the third quarter. Capital Investment Services of America Inc. now owns 53,116 shares of the company’s stock valued at $7,015,000 after buying an additional 4,735 shares in the last quarter. Mason Street Advisors LLC purchased a new stake in shares of Allegiant Travel during the second quarter valued at about $382,000. Public Employees Retirement System of Ohio raised its stake in shares of Allegiant Travel by 3.0% in the second quarter. Public Employees Retirement System of Ohio now owns 15,387 shares of the company’s stock valued at $2,331,000 after buying an additional 452 shares in the last quarter. A.R.T. Advisors LLC raised its stake in shares of Allegiant Travel by 739.6% in the second quarter. A.R.T. Advisors LLC now owns 11,906 shares of the company’s stock valued at $1,803,000 after buying an additional 10,488 shares in the last quarter. Finally, Guggenheim Capital LLC raised its stake in shares of Allegiant Travel by 33.7% in the second quarter. Guggenheim Capital LLC now owns 16,171 shares of the company’s stock valued at $2,450,000 after buying an additional 4,073 shares in the last quarter. 79.35% of the stock is owned by institutional investors and hedge funds.
Allegiant Travel Company Profile