Alaska Air Group, Inc. (ALK) Scheduled to Post Quarterly Earnings on Wednesday
Alaska Air Group, Inc. (NYSE:ALK) will issue its quarterly earnings data before the market opens on Wednesday, October 18th. Analysts expect the company to announce earnings of $2.66 per share for the quarter.
Alaska Air Group (NYSE:ALK) last posted its quarterly earnings data on Wednesday, July 26th. The transportation company reported $2.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.52 by ($0.01). Alaska Air Group had a net margin of 11.02% and a return on equity of 30.04%. The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.10 billion. During the same period in the previous year, the business posted $2.12 EPS. The company’s revenue for the quarter was up 40.7% compared to the same quarter last year. On average, analysts expect Alaska Air Group to post $7.52 EPS for the current fiscal year and $7.87 EPS for the next fiscal year.
Alaska Air Group, Inc. (NYSE ALK) opened at 80.68 on Wednesday. The stock has a 50 day moving average of $75.75 and a 200 day moving average of $84.82. Alaska Air Group, Inc. has a 1-year low of $69.12 and a 1-year high of $101.43. The stock has a market cap of $9.97 billion, a price-to-earnings ratio of 13.12 and a beta of 0.99.
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A number of analysts have recently issued reports on ALK shares. ValuEngine cut Alaska Air Group from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub upgraded Alaska Air Group from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Zacks Investment Research upgraded Alaska Air Group from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a report on Tuesday, July 4th. Bank of America Corporation boosted their target price on Alaska Air Group from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, June 30th. Finally, Cowen and Company reiterated a “buy” rating and set a $103.00 target price on shares of Alaska Air Group in a report on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $103.59.
In other Alaska Air Group news, Chairman Bradley D. Tilden sold 2,400 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $85.83, for a total value of $205,992.00. Following the completion of the transaction, the chairman now owns 140,346 shares in the company, valued at approximately $12,045,897.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Andrew R. Harrison sold 2,350 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $86.03, for a total value of $202,170.50. Following the completion of the transaction, the executive vice president now owns 21,328 shares of the company’s stock, valued at approximately $1,834,847.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,350 shares of company stock valued at $937,251. 0.57% of the stock is owned by company insiders.
About Alaska Air Group
Alaska Air Group, Inc is the holding company of Alaska Airlines (Alaska), Virgin America Inc, Horizon Air (Horizon) and other business units. The Company operates through three segments: Mainline, Regional and Horizon. Its Mainline segment includes Alaska’s and Virgin America’s scheduled air transportation for passengers and cargo throughout the United States, and in parts of Canada, Mexico, Costa Rica and Cuba.
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