Alaska Air Group (NYSE:ALK) is scheduled to release its earnings data before the market opens on Tuesday, April 24th.
Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Thursday, January 25th. The transportation company reported $0.83 EPS for the quarter, meeting the consensus estimate of $0.83. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.96 billion. Alaska Air Group had a return on equity of 24.39% and a net margin of 12.96%. The business’s revenue for the quarter was up 28.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.56 earnings per share. On average, analysts expect Alaska Air Group to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Shares of Alaska Air Group stock opened at $65.21 on Tuesday. The firm has a market cap of $7,865.63, a PE ratio of 9.82, a PEG ratio of 1.49 and a beta of 0.75. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 0.79. Alaska Air Group has a 12 month low of $57.60 and a 12 month high of $95.75.
Several brokerages have recently commented on ALK. Citigroup raised their price target on Alaska Air Group from $69.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday. Morgan Stanley raised their price target on Alaska Air Group from $74.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday. ValuEngine lowered Alaska Air Group from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Zacks Investment Research lowered Alaska Air Group from a “hold” rating to a “sell” rating in a research note on Tuesday, March 20th. Finally, Barclays lowered Alaska Air Group from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $90.00 to $80.00 in a research note on Wednesday, January 10th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $83.71.
In other Alaska Air Group news, VP Brandon Pedersen sold 2,700 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $65.14, for a total value of $175,878.00. Following the completion of the sale, the vice president now owns 26,888 shares of the company’s stock, valued at $1,751,484.32. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Christopher Michael Berry sold 460 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $97.00, for a total value of $44,620.00. Following the completion of the sale, the vice president now directly owns 1,997 shares of the company’s stock, valued at approximately $193,709. The disclosure for this sale can be found here. Insiders sold 13,373 shares of company stock worth $884,697 in the last quarter. 0.56% of the stock is owned by insiders.
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Alaska Air Group Company Profile
Alaska Air Group, Inc, through its subsidiaries, provides passengers and cargo air transportation services. It also focuses on providing ground and ramp handling services to airlines. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 118 destinations across the United States, Mexico, Canada, and Costa Rica.
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