Allegiant (ALGT) Q4 Beats But Lower Fee & Charter Revenue Prompts PT Cut

January 31, 2013 2:34 PM EST
Get Alerts ALGT Hot Sheet
Price: $177.50 +0.54%

Rating Summary:
    10 Buy, 9 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
Trade ALGT Now!
Join SI Premium – FREE
Yesterday Allegiant Travel Company (NASDAQ: ALGT) reported Q4 EPS of 76 cents, topping estimates by 6 cents. In response, Imperial Capital maintained an Outperform rating on Allegiant Travel Company (NASDAQ: ALGT) but cut its price target to $92.00 (from $101.00). The cut reflects a reduced EPS estimate on lower fixed fee contract and charter revenue. However, overall analysts are positive on the stock.

"We believe Allegiant will report strong results and operating margin expansion in 2013. The first quarter will likely benefit from the Easter shift, with more Spring Break business in March. We also expect continuing double-digit gains in ancillary revenue in the first half of the year," said analyst Bob McAdoo.

For an analyst ratings summary and ratings history on Allegiant Travel Company (NASDAQ: ALGT) click here. For more ratings news on Allegiant Travel Company click here.

Shares of Allegiant Travel Company closed at $73.75 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change

Add Your Comment