Alaska Air Group (NYSE:ALK) – Imperial Capital increased their Q1 2018 earnings estimates for shares of Alaska Air Group in a report released on Tuesday, April 17th. Imperial Capital analyst M. Derchin now expects that the transportation company will post earnings of $0.12 per share for the quarter, up from their previous estimate of ($0.17). Imperial Capital currently has a “In-Line” rating and a $68.00 price target on the stock. Imperial Capital also issued estimates for Alaska Air Group’s Q4 2018 earnings at $1.23 EPS and FY2018 earnings at $5.65 EPS.
A number of other research analysts also recently commented on the company. Citigroup increased their target price on Alaska Air Group from $69.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday. Morgan Stanley increased their target price on Alaska Air Group from $74.00 to $79.00 and gave the company an “overweight” rating in a research report on Monday. TheStreet downgraded Alaska Air Group from a “b-” rating to a “c+” rating in a research report on Monday, April 2nd. ValuEngine downgraded Alaska Air Group from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Finally, Zacks Investment Research upgraded Alaska Air Group from a “sell” rating to a “hold” rating in a research report on Tuesday, March 27th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $83.86.
NYSE ALK opened at $65.52 on Thursday. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 0.61. The company has a market cap of $7,993.55, a PE ratio of 9.87, a PEG ratio of 1.48 and a beta of 0.75. Alaska Air Group has a one year low of $57.60 and a one year high of $95.75.
Alaska Air Group (NYSE:ALK) last posted its earnings results on Thursday, January 25th. The transportation company reported $0.83 EPS for the quarter, meeting analysts’ consensus estimates of $0.83. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.96 billion. Alaska Air Group had a return on equity of 24.39% and a net margin of 12.96%. The company’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.56 EPS.
In related news, VP Kyle B. Levine sold 1,503 shares of the stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $65.00, for a total transaction of $97,695.00. Following the sale, the vice president now owns 7,182 shares in the company, valued at approximately $466,830. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary L. Beck sold 6,360 shares of the stock in a transaction on Friday, March 9th. The shares were sold at an average price of $65.10, for a total value of $414,036.00. Following the sale, the chief executive officer now owns 3,316 shares in the company, valued at approximately $215,871.60. The disclosure for this sale can be found here. Insiders have sold a total of 13,373 shares of company stock worth $884,697 in the last 90 days. 0.57% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its stake in Alaska Air Group by 3.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,262,058 shares of the transportation company’s stock worth $96,254,000 after purchasing an additional 38,870 shares during the period. OxFORD Asset Management LLP increased its stake in Alaska Air Group by 49.9% in the third quarter. OxFORD Asset Management LLP now owns 15,312 shares of the transportation company’s stock worth $1,167,000 after purchasing an additional 5,097 shares during the period. Geode Capital Management LLC increased its stake in Alaska Air Group by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 1,371,750 shares of the transportation company’s stock worth $100,681,000 after purchasing an additional 42,290 shares during the period. Elkfork Partners LLC purchased a new stake in Alaska Air Group in the fourth quarter worth $3,448,000. Finally, Parametric Portfolio Associates LLC increased its stake in Alaska Air Group by 4.0% in the third quarter. Parametric Portfolio Associates LLC now owns 487,106 shares of the transportation company’s stock worth $37,152,000 after purchasing an additional 18,555 shares during the period. Institutional investors and hedge funds own 86.33% of the company’s stock.
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About Alaska Air Group
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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