Allegiant Travel Company (ALGT) reported quarterly earnings results on Friday, Jul-29-2016. The company said it had a profit of $3.68 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.13. Analysts had a consensus of $3.55. The company posted revenue of $344.90 million in the period, compared to analysts expectations of $344.30 million. The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.18 EPS.
Many Wall Street Analysts have commented on Allegiant Travel Company. Allegiant Travel Company was Upgraded by Raymond James to ” Outperform” on Jun 14, 2016.
Allegiant Travel Company opened for trading at $134.66 and hit $135.515 on the upside on Thursday, eventually ending the session at $134.9, with a gain of 0.52% or 0.7 points. The heightened volatility saw the trading volume jump to 2,45,031 shares. Company has a market cap of $2,230 M.
In a different news, on Mar 11, 2016, Maurice J Jr Gallagher (CEO and President) sold 292,200 shares at $163.50 per share price. According to the SEC, on Nov 24, 2015, Gary Ellmer (director) sold 480 shares at $200.00 per share price. On Aug 14, 2015, John Redmond (director) sold 6,000 shares at $224.77 per share price, according to the Form-4 filing with the securities and exchange commission.
Allegiant Travel Company is a leisure travel company. The Company is focused on providing travel services and products to residents of under-served cities in the United States. The Company’s products and services include scheduled service air transportation air-related ancillary products and services third-party ancillary products and services fixed fee contract air transportation and other revenue. Scheduled service air transportation includes scheduled air transportation on limited-frequency non-stop flights between under-served cities and leisure destinations. The Company provides unbundled air-related services and products in conjunction with air transportation for an additional cost to customers. Third-party ancillary products and services comprise offering third-party travel products. Fixed fee contract air transportation includes providing air transportation through fixed fee agreements and charter service on a year-round and ad-hoc basis.