Alaska Air Group (NYSE:ALK) Releases Q1 2021 Earnings Guidance

Alaska Air Group (NYSE:ALK) updated its first quarter 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of – for the period. The company issued revenue guidance of $797.30 million-$797.30 million, compared to the consensus revenue estimate of $779.04 million.

Several research firms have recently issued reports on ALK. Barclays raised their target price on shares of Alaska Air Group from $54.00 to $68.00 in a report on Thursday, April 15th. Deutsche Bank Aktiengesellschaft upgraded shares of Alaska Air Group from a hold rating to a buy rating and set a $75.00 target price for the company in a report on Monday, March 1st. Susquehanna Bancshares raised their target price on shares of Alaska Air Group from $50.00 to $60.00 and gave the stock a positive rating in a report on Thursday, January 14th. JPMorgan Chase & Co. lifted their price objective on shares of Alaska Air Group from $65.00 to $104.00 and gave the company an overweight rating in a report on Tuesday, April 20th. Finally, Zacks Investment Research lowered shares of Alaska Air Group from a hold rating to a sell rating and set a $75.00 price objective for the company. in a report on Monday, March 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Alaska Air Group currently has a consensus rating of Buy and an average price target of $70.54.

NYSE ALK traded down $2.13 during trading on Tuesday, reaching $66.56. 1,887,170 shares of the company’s stock traded hands, compared to its average volume of 1,807,227. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.06 and a quick ratio of 1.05. The firm has a market cap of $8.28 billion, a price-to-earnings ratio of -12.20 and a beta of 1.81. The company’s 50 day simple moving average is $69.67 and its two-hundred day simple moving average is $56.20. Alaska Air Group has a 12-month low of $23.39 and a 12-month high of $74.25.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Wednesday, April 21st. The transportation company reported ($3.51) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($3.63) by $0.12. Alaska Air Group had a negative net margin of 13.96% and a negative return on equity of 19.39%. The firm had revenue of $797.00 million for the quarter, compared to the consensus estimate of $786.52 million. During the same quarter in the previous year, the firm earned ($0.82) EPS. The company’s quarterly revenue was down 51.3% compared to the same quarter last year. Research analysts expect that Alaska Air Group will post -10.43 earnings per share for the current fiscal year.

In other news, CEO Bradley D. Tilden sold 23,360 shares of Alaska Air Group stock in a transaction that occurred on Friday, March 12th. The shares were sold at an average price of $66.82, for a total value of $1,560,915.20. Following the transaction, the chief executive officer now owns 181,153 shares of the company’s stock, valued at approximately $12,104,643.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Shane R. Tackett sold 3,000 shares of Alaska Air Group stock in a transaction that occurred on Tuesday, March 9th. The stock was sold at an average price of $67.22, for a total transaction of $201,660.00. Following the completion of the transaction, the chief financial officer now directly owns 7,862 shares in the company, valued at approximately $528,483.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 96,221 shares of company stock worth $6,476,419. Insiders own 0.47% of the company’s stock.

About Alaska Air Group

Alaska Air Group, Inc is a holding company, which engages in the provision of air transportation services. It operates through the following segments: Mainline, Regional and Horizon. The Mainline segment includes Alaska’s Boeing or Airbus jet aircraft for passengers and cargo throughout the U.S., and in parts of Canada, Mexico, and Costa Rica.

See Also: Can individual investors take part in an IPO?

Receive News & Ratings for Alaska Air Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alaska Air Group and related companies with MarketBeat.com's FREE daily email newsletter.