Alaska Air Group Inc. Declares Special Dividend of $0.25 (ALK)
Alaska Air Group (NYSE:ALK) announced a special dividend on Thursday, February 13th, Analyst RN reports. Shareholders of record on Tuesday, February 25th will be paid a dividend of 0.25 per share on Tuesday, March 11th.
A number of analysts have recently weighed in on ALK shares. Analysts at Barclays raised their price target on shares of Alaska Air Group from $84.00 to $91.00 in a research note on Tuesday, February 4th. They now have an “equal weight” rating on the stock. On the ratings front, analysts at JPMorgan Chase & Co. upgraded shares of Alaska Air Group from a “neutral” rating to an “overweight” rating in a research note on Friday, January 31st. They now have a $97.00 price target on the stock, up previously from $70.50. Finally, analysts at Imperial Capital raised their price target on shares of Alaska Air Group from $86.00 to $90.00 in a research note on Friday, January 24th. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. Alaska Air Group currently has a consensus rating of “Buy” and an average price target of $82.00.
Alaska Air Group (NYSE:ALK) opened at 78.24 on Thursday. Alaska Air Group has a 1-year low of $48.30 and a 1-year high of $82.08. The stock’s 50-day moving average is $76.92 and its 200-day moving average is $68.90. The company has a market cap of $5.379 billion and a price-to-earnings ratio of 10.93.
Alaska Air Group (NYSE:ALK) last announced its earnings results on Thursday, January 23rd. The company reported $1.10 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.94 by $0.16. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the company posted $0.70 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts predict that Alaska Air Group will post $6.52 earnings per share for the current fiscal year.
In other Alaska Air Group news, VP Andrew Harrison sold 1,150 shares of the stock on the open market in a transaction dated Monday, February 3rd. The shares were sold at an average price of $75.89, for a total value of $87,273.50. Following the completion of the transaction, the vice president now directly owns 3,482 shares in the company, valued at approximately $264,249. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Alaska Air Group, Inc (NYSE:ALK) is the holding company for Alaska Airlines and Horizon Air.
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