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.
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