Wall Street analysts expect that Allegiant Travel (NASDAQ:ALGT) will report sales of $429.39 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Allegiant Travel’s earnings. The highest sales estimate is $437.00 million and the lowest is $423.04 million. Allegiant Travel posted sales of $393.11 million during the same quarter last year, which would indicate a positive year over year growth rate of 9.2%. The company is scheduled to announce its next earnings results on Wednesday, October 23rd.
According to Zacks, analysts expect that Allegiant Travel will report full year sales of $1.83 billion for the current year, with estimates ranging from $1.81 billion to $1.84 billion. For the next year, analysts forecast that the firm will post sales of $2.03 billion, with estimates ranging from $1.95 billion to $2.13 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Allegiant Travel.
Allegiant Travel (NASDAQ:ALGT) last posted its earnings results on Wednesday, July 24th. The transportation company reported $4.33 EPS for the quarter, missing the consensus estimate of $4.67 by ($0.34). The company had revenue of $491.80 million for the quarter, compared to analyst estimates of $504.81 million. Allegiant Travel had a return on equity of 26.59% and a net margin of 10.54%. The firm’s revenue was up 12.6% on a year-over-year basis. During the same period last year, the business earned $3.10 earnings per share.
In other news, CEO Maurice J. Gallagher, Jr. sold 10,778 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $148.17, for a total value of $1,596,976.26. Following the transaction, the chief executive officer now owns 2,910,176 shares in the company, valued at $431,200,777.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Robert Paul Wilson III sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $144.83, for a total value of $144,830.00. Following the completion of the transaction, the executive vice president now owns 16,477 shares in the company, valued at approximately $2,386,363.91. The disclosure for this sale can be found here. Over the last three months, insiders sold 77,000 shares of company stock worth $11,713,663. 20.90% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Commerce Bank lifted its position in Allegiant Travel by 14.5% during the first quarter. Commerce Bank now owns 3,672 shares of the transportation company’s stock worth $475,000 after buying an additional 464 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Allegiant Travel by 5.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,051 shares of the transportation company’s stock worth $395,000 after buying an additional 157 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Allegiant Travel during the first quarter worth approximately $258,000. Nisa Investment Advisors LLC lifted its position in Allegiant Travel by 49.9% during the first quarter. Nisa Investment Advisors LLC now owns 9,910 shares of the transportation company’s stock worth $1,283,000 after buying an additional 3,300 shares in the last quarter. Finally, U S Global Investors Inc. lifted its position in Allegiant Travel by 78.4% during the first quarter. U S Global Investors Inc. now owns 51,020 shares of the transportation company’s stock worth $5,769,000 after buying an additional 22,429 shares in the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.
Allegiant Travel stock traded down $0.77 during midday trading on Monday, hitting $142.04. 139,719 shares of the company were exchanged, compared to its average volume of 167,416. The firm has a market capitalization of $2.32 billion, a PE ratio of 14.20 and a beta of 0.89. Allegiant Travel has a fifty-two week low of $98.18 and a fifty-two week high of $157.50. The business has a fifty day simple moving average of $146.49 and a two-hundred day simple moving average of $139.23. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.24 and a current ratio of 1.29.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 20th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Thursday, September 19th. Allegiant Travel’s payout ratio is currently 28.00%.
About Allegiant Travel
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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