Brokerages Expect Alaska Air Group, Inc. (ALK) to Post $0.94 Earnings Per Share

Analysts expect Alaska Air Group, Inc. (NYSE:ALK) to announce earnings per share (EPS) of $0.94 for the current quarter, Zacks reports. Five analysts have issued estimates for Alaska Air Group’s earnings, with the lowest EPS estimate coming in at $0.82 and the highest estimate coming in at $1.14. Alaska Air Group reported earnings of $1.56 per share during the same quarter last year, which suggests a negative year over year growth rate of 39.7%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, February 14th.

On average, analysts expect that Alaska Air Group will report full-year earnings of $6.73 per share for the current financial year, with EPS estimates ranging from $6.61 to $6.94. For the next fiscal year, analysts anticipate that the business will post earnings of $6.43 per share, with EPS estimates ranging from $5.75 to $7.00. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Alaska Air Group.

Alaska Air Group (NYSE:ALK) last announced its earnings results on Wednesday, October 25th. The transportation company reported $2.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.26 by ($0.02). Alaska Air Group had a return on equity of 28.74% and a net margin of 10.34%. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the previous year, the company posted $2.20 EPS. The business’s revenue for the quarter was up 35.4% compared to the same quarter last year.

A number of brokerages have commented on ALK. Imperial Capital cut their price target on shares of Alaska Air Group from $85.00 to $70.00 and set a “line” rating for the company in a research note on Thursday, October 26th. Morgan Stanley reiterated an “overweight” rating on shares of Alaska Air Group in a research note on Tuesday, September 12th. BidaskClub cut shares of Alaska Air Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Bank of America cut their price target on shares of Alaska Air Group from $100.00 to $96.00 and set a “buy” rating for the company in a research note on Friday, October 13th. Finally, UBS upgraded shares of Alaska Air Group from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $91.18.

In other news, EVP Andrew R. Harrison sold 540 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $65.53, for a total transaction of $35,386.20. Following the completion of the sale, the executive vice president now owns 20,788 shares in the company, valued at approximately $1,362,237.64. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO David L. Campbell sold 4,934 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $68.00, for a total transaction of $335,512.00. Following the sale, the chief executive officer now owns 9,648 shares of the company’s stock, valued at approximately $656,064. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Alaska Air Group by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,183 shares of the transportation company’s stock worth $824,000 after acquiring an additional 24 shares during the period. MML Investors Services LLC increased its position in Alaska Air Group by 1.0% during the second quarter. MML Investors Services LLC now owns 5,392 shares of the transportation company’s stock worth $484,000 after acquiring an additional 51 shares during the period. Empirical Finance LLC increased its position in Alaska Air Group by 0.3% during the second quarter. Empirical Finance LLC now owns 25,002 shares of the transportation company’s stock worth $2,245,000 after acquiring an additional 72 shares during the period. Sentry Investment Management LLC increased its position in Alaska Air Group by 1.1% during the second quarter. Sentry Investment Management LLC now owns 9,125 shares of the transportation company’s stock worth $819,000 after acquiring an additional 98 shares during the period. Finally, Arizona State Retirement System increased its position in Alaska Air Group by 0.3% during the second quarter. Arizona State Retirement System now owns 30,700 shares of the transportation company’s stock worth $2,756,000 after acquiring an additional 100 shares during the period. Institutional investors own 88.57% of the company’s stock.

Shares of Alaska Air Group (NYSE:ALK) traded down $0.37 on Friday, reaching $73.19. 2,119,200 shares of the company traded hands, compared to its average volume of 1,496,816. Alaska Air Group has a fifty-two week low of $61.10 and a fifty-two week high of $101.43. The firm has a market capitalization of $9,010.00, a PE ratio of 9.99 and a beta of 1.03. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.80 and a quick ratio of 0.78.

The business also recently announced a quarterly dividend, which was paid on Thursday, December 7th. Stockholders of record on Tuesday, November 21st were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend was Monday, November 20th. Alaska Air Group’s dividend payout ratio is presently 19.23%.

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Alaska Air Group Company Profile

Alaska Air Group, Inc is the holding company of Alaska Airlines (Alaska), Virgin America Inc, Horizon Air (Horizon) and other business units. The Company operates through three segments: Mainline, Regional and Horizon. Its Mainline segment includes Alaska’s and Virgin America’s scheduled air transportation for passengers and cargo throughout the United States, and in parts of Canada, Mexico, Costa Rica and Cuba.

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Earnings History and Estimates for Alaska Air Group (NYSE:ALK)

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