Zacks Research Issues Optimistic Estimate for ALGT Earnings

Allegiant Travel Company (NASDAQ:ALGT) – Equities researchers at Zacks Research boosted their Q1 2026 earnings per share estimates for Allegiant Travel in a report released on Wednesday, February 18th. Zacks Research analyst Team now anticipates that the transportation company will earn $3.01 per share for the quarter, up from their prior forecast of $1.85. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Allegiant Travel’s current full-year earnings is $7.70 per share. Zacks Research also issued estimates for Allegiant Travel’s Q2 2026 earnings at $2.44 EPS, Q3 2026 earnings at ($0.49) EPS, Q4 2026 earnings at $3.09 EPS, FY2026 earnings at $8.05 EPS, Q1 2027 earnings at $3.06 EPS, Q3 2027 earnings at $2.05 EPS, Q4 2027 earnings at $2.97 EPS and FY2027 earnings at $10.24 EPS.

ALGT has been the topic of several other reports. Morgan Stanley raised their price target on Allegiant Travel from $85.00 to $100.00 and gave the company an “equal weight” rating in a research report on Thursday, February 5th. Weiss Ratings restated a “sell (d)” rating on shares of Allegiant Travel in a research note on Wednesday, January 21st. UBS Group lifted their price target on Allegiant Travel from $90.00 to $102.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Wall Street Zen upgraded Allegiant Travel from a “sell” rating to a “hold” rating in a report on Sunday, December 28th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Allegiant Travel from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a research note on Friday, December 12th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Allegiant Travel presently has a consensus rating of “Hold” and a consensus target price of $100.18.

Allegiant Travel Stock Performance

Shares of ALGT opened at $103.69 on Monday. The company has a market capitalization of $1.90 billion, a PE ratio of -40.35, a price-to-earnings-growth ratio of 0.25 and a beta of 1.64. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.98 and a quick ratio of 0.95. Allegiant Travel has a one year low of $39.80 and a one year high of $118.00. The company’s fifty day moving average price is $93.91 and its 200 day moving average price is $75.47.

Hedge Funds Weigh In On Allegiant Travel

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. XTX Topco Ltd acquired a new stake in shares of Allegiant Travel during the 4th quarter valued at about $1,703,000. Susquehanna Fundamental Investments LLC raised its position in Allegiant Travel by 196.6% in the fourth quarter. Susquehanna Fundamental Investments LLC now owns 29,572 shares of the transportation company’s stock worth $2,522,000 after purchasing an additional 19,601 shares in the last quarter. Millennium Management LLC lifted its stake in Allegiant Travel by 0.5% during the fourth quarter. Millennium Management LLC now owns 27,453 shares of the transportation company’s stock worth $2,341,000 after purchasing an additional 134 shares during the period. Man Group plc boosted its holdings in Allegiant Travel by 16.0% during the fourth quarter. Man Group plc now owns 29,488 shares of the transportation company’s stock valued at $2,514,000 after purchasing an additional 4,065 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in shares of Allegiant Travel in the 4th quarter valued at approximately $16,405,000. 85.81% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Allegiant Travel news, Chairman Maurice J. Gallagher, Jr. sold 175,000 shares of Allegiant Travel stock in a transaction on Friday, February 6th. The shares were sold at an average price of $114.23, for a total transaction of $19,990,250.00. Following the sale, the chairman owned 1,962,348 shares in the company, valued at $224,159,012.04. The trade was a 8.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 300,000 shares of company stock valued at $34,350,512 over the last three months. 14.70% of the stock is owned by company insiders.

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.