Allegiant Travel Company (ALGT - Free Report) just released its fourth quarter fiscal 2016 earnings results, posting earnings of $2.48 per share and revenue of $335.9 million.
ALGT remained flat at $172.00 in after-hours trading shortly after its earnings report was released.
Currently, ALGT has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Company:
Beat earnings estimates. The company posted earnings of $2.48 per share, beating our Zacks Consensus Estimate of $2.40 per share.
Beat revenue estimates. The company saw revenue figures of $335.9 million, beating our estimate of $333.6 million.
Compared to the same time last year, ALGT has grown their network. The company added 66 new routes now operating a total of 360 routes.
Guidance shows full year 2017 repairs and maintenance expense is in line with prior guidance. ALGT forecasts repair and maintenance expense per in service aircraft for each month in 2017 to be between $90,000 and $100,000.
Maurice Gallagher Jr., chairman and CEO of ALGT, stated, “During this year we finalized a single fleet type plan, signed our first pilot contract agreement, launched our credit card program, and announced the appointment of John Redmond as President of Allegiant. Each of these actions is critical in the evolution of our business model in the coming years”.
Here’s a graph that looks at Allegiant Travel Company’s price, consensus and EPS surprise:
Allegiant Travel Company participates in transportation of passengers from small cities to leisure destinations. Along with air travel, they offer vacation deals including car rentals and hotel bookings. The company was founded in 1997 and is now certified as a “Scheduled Air Carrier” by the United States’ Department of Transportation. Allegiant Travel Company has the permission to fly scheduled and chartered throughout the United States and also the authority to fly charter service to Mexico and Canada.
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Allegiant Travel Company (ALGT - Free Report) just released its fourth quarter fiscal 2016 earnings results, posting earnings of $2.48 per share and revenue of $335.9 million.
ALGT remained flat at $172.00 in after-hours trading shortly after its earnings report was released.
Currently, ALGT has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Company:
Beat earnings estimates. The company posted earnings of $2.48 per share, beating our Zacks Consensus Estimate of $2.40 per share.
Beat revenue estimates. The company saw revenue figures of $335.9 million, beating our estimate of $333.6 million.
Compared to the same time last year, ALGT has grown their network. The company added 66 new routes now operating a total of 360 routes.
Guidance shows full year 2017 repairs and maintenance expense is in line with prior guidance. ALGT forecasts repair and maintenance expense per in service aircraft for each month in 2017 to be between $90,000 and $100,000.
Maurice Gallagher Jr., chairman and CEO of ALGT, stated, “During this year we finalized a single fleet type plan, signed our first pilot contract agreement, launched our credit card program, and announced the appointment of John Redmond as President of Allegiant. Each of these actions is critical in the evolution of our business model in the coming years”.
Here’s a graph that looks at Allegiant Travel Company’s price, consensus and EPS surprise:
Allegiant Travel Company participates in transportation of passengers from small cities to leisure destinations. Along with air travel, they offer vacation deals including car rentals and hotel bookings. The company was founded in 1997 and is now certified as a “Scheduled Air Carrier” by the United States’ Department of Transportation. Allegiant Travel Company has the permission to fly scheduled and chartered throughout the United States and also the authority to fly charter service to Mexico and Canada.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?
Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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