Allegiant Travel (NASDAQ:ALGT) Updates Q3 2026 Earnings Guidance

Allegiant Travel (NASDAQ:ALGT) issued an update on its third quarter 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of -1.000–0.000 for the period, compared to the consensus estimate of -0.320. The company issued revenue guidance of -.

Allegiant Travel Stock Up 1.6%

Shares of NASDAQ ALGT traded up $1.61 during trading on Tuesday, hitting $105.09. The stock had a trading volume of 444,626 shares, compared to its average volume of 565,369. The firm has a fifty day moving average of $100.18 and a two-hundred day moving average of $92.22. The company has a market capitalization 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 debt-to-equity ratio of 1.52, a current ratio of 0.91 and a quick ratio of 0.87. Allegiant Travel has a 12 month low of $42.56 and a 12 month high of $123.63.

Allegiant Travel (NASDAQ:ALGT) last released its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $1.08. Allegiant Travel had a negative net margin of 1.30% and a positive return on equity of 10.07%. Allegiant Travel has set its Q3 2026 guidance at -1.000–0.000 EPS. As a group, equities research analysts forecast that Allegiant Travel will post 7.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on ALGT. JPMorgan Chase & Co. began coverage on shares of Allegiant Travel in a research report on Wednesday, July 1st. They set an “overweight” rating and a $156.00 target price on the stock. Melius Research raised Allegiant Travel from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a research report on Tuesday, July 7th. Morgan Stanley lifted their price target on Allegiant Travel from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. Citigroup raised Allegiant Travel from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $98.00 to $156.00 in a research report on Friday, June 26th. Finally, The Goldman Sachs Group upped their price objective on Allegiant Travel from $125.00 to $142.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Ten analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Allegiant Travel presently has a consensus rating of “Moderate Buy” and an average price target of $128.08.

Key Stories Impacting Allegiant Travel

Here are the key news stories impacting Allegiant Travel this week:

• Positive Sentiment: Allegiant reported second-quarter adjusted diluted EPS of $2.19, well above the $1.11 analyst consensus and up 78% year over year. Total operating revenue rose 36.9% to $943.5 million, helped by the May acquisition of Sun Country and 16.1% growth in standalone Allegiant Air revenue. Allegiant Travel Company Second Quarter 2026 Financial Results
• Positive Sentiment: The company introduced full-year 2026 combined-company adjusted EPS guidance of more than $6.00, giving investors a clearer earnings target following the Sun Country acquisition. Allegiant also ended the quarter with $1.3 billion of liquidity, including $1.1 billion in cash and investments. Allegiant Q2 Revenue Rises 36.9 Percent
• Positive Sentiment: Allegiant pilots ratified a two-year labor agreement, reducing near-term labor uncertainty and potentially supporting operational stability. Allegiant Pilots Ratify Two-Year Deal
• Neutral Sentiment: Institutional ownership trends were mixed: 137 investors added ALGT shares while 84 reduced positions. The company’s acquisition-led growth strategy is attracting investor interest, but execution and integration remain important considerations.
• Negative Sentiment: Allegiant guided to third-quarter 2026 EPS of -$1.00 to breakeven, weaker than the consensus estimate of -$0.32, signaling expected near-term seasonal or integration-related pressure. Allegiant Travel Earnings Release
• Negative Sentiment: Despite the adjusted profit, the company posted a $4.9 million GAAP net loss and carried $2.8 billion of debt. Insider activity was also unfavorable, with executive chairman Maurice Gallagher selling 300,000 shares over the past six months and making no reported purchases.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its position in Allegiant Travel by 0.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,862 shares of the transportation company’s stock valued at $1,694,000 after purchasing an additional 106 shares during the last quarter. Millennium Management LLC grew its stake in Allegiant Travel by 0.5% in the 4th quarter. Millennium Management LLC now owns 27,453 shares of the transportation company’s stock worth $2,341,000 after buying an additional 134 shares in the last quarter. NewEdge Advisors LLC increased its holdings 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 worth $67,000 after buying an additional 373 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Allegiant Travel by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,202 shares of the transportation company’s stock worth $475,000 after buying an additional 394 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Allegiant Travel by 9.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,756 shares of the transportation company’s stock valued at $411,000 after buying an additional 587 shares in the last quarter. 85.81% of the stock is owned by institutional investors.

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.