Allegiant Travel.com (ALGT) announced its breakeven point for the fourth quarter of 2023 before the start of trading on Monday.
In the same period last year, the company had sales of $611.5 million and earnings per share of $3.17.
After the news, the stock price fell 2.69% to $76.98.
The company's low sales to profit growth rate indicates that the company has been able to reduce costs and improve its overall profit margins.
The average recommendation from Wall Street analysts was a Buy, which may be revised based on this new data.
investor observer Shows the stock's current Bullish sentiment score based on recent trading.
Allegiant Travel Com has performed slightly above average over the past few months. Prior to this report, Allegiant Travel Com received long-term technology ranks from the following organizations: investor observer Ranked in the top half of the 52nd stock market. The company most recently traded at a 52-week low of $54.87 on November 10, 2023 and a 52-week high of $130.93 on July 13, 2023.
Allegiant Travel Co provides travel services in the United States. We sell air transportation on its own or in bundles with aviation-related and third-party services and products. Customers can also purchase flat-rate air arrangements and receive charter services on an annual and occasional basis. Additionally, customers can purchase hotel rooms, ground transportation, and other attractions (such as tickets to entertainment shows) for their trip. The company's business segments include Airlines, Sunseeker Resorts, and Other Non-Airlines. Customers purchase travel tickets at airport ticket counters, online or through telephone reservation centers.
