Allegiant Travel (NASDAQ:ALGT – Get Free Report) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $1.50 for the period, compared to the consensus EPS estimate of $1.77.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Barclays raised their target price on Allegiant Travel from $85.00 to $100.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. StockNews.com raised Allegiant Travel from a “sell” rating to a “hold” rating in a research report on Wednesday, January 15th. The Goldman Sachs Group lifted their target price on Allegiant Travel from $83.00 to $92.00 and gave the company a “neutral” rating in a research report on Tuesday, January 14th. Susquehanna lifted their target price on Allegiant Travel from $60.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Finally, Raymond James boosted their price target on Allegiant Travel from $75.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, December 30th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $80.10.
Read Our Latest Stock Report on Allegiant Travel
Allegiant Travel Stock Performance
Allegiant Travel (NASDAQ:ALGT – Get Free Report) last released its earnings results on Tuesday, February 4th. The transportation company reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $1.62. Allegiant Travel had a positive return on equity of 3.33% and a negative net margin of 9.56%. Research analysts expect that Allegiant Travel will post 7.7 EPS for the current year.
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 1, 2024, it operated a fleet of 126 Airbus A320 series aircraft.
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