Alaska Air Group, Inc. (NYSE:ALK) – Stock analysts at Imperial Capital dropped their Q4 2017 EPS estimates for shares of Alaska Air Group in a note issued to investors on Thursday. Imperial Capital analyst M. Derchin now anticipates that the transportation company will post earnings per share of $1.14 for the quarter, down from their prior estimate of $1.48. Imperial Capital currently has a “line” rating and a $70.00 target price on the stock. Imperial Capital also issued estimates for Alaska Air Group’s Q1 2018 earnings at $0.47 EPS, Q2 2018 earnings at $2.03 EPS, Q3 2018 earnings at $2.03 EPS, Q4 2018 earnings at $1.23 EPS, FY2018 earnings at $5.75 EPS and FY2019 earnings at $3.25 EPS.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results on Wednesday, October 25th. The transportation company reported $2.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.26 by ($0.02). Alaska Air Group had a return on equity of 28.74% and a net margin of 10.34%. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the firm posted $2.20 EPS. The company’s quarterly revenue was up 35.4% compared to the same quarter last year. COPYRIGHT VIOLATION NOTICE: “Research Analysts Offer Predictions for Alaska Air Group, Inc.’s Q4 2017 Earnings (ALK)” was first reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The legal version of this story can be read at https://www.americanbankingnews.com/2017/10/30/research-analysts-offer-predictions-for-alaska-air-group-inc-s-q4-2017-earnings-alk.html.

Several other equities research analysts also recently commented on ALK. Zacks Investment Research raised shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a research note on Tuesday, July 4th. BidaskClub raised shares of Alaska Air Group from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Morgan Stanley lowered their target price on shares of Alaska Air Group from $103.00 to $102.00 and set an “overweight” rating for the company in a research note on Monday, July 17th. ValuEngine downgraded shares of Alaska Air Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $103.00 target price on shares of Alaska Air Group in a research note on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $95.58.

Alaska Air Group (ALK) opened at 66.58 on Monday. The firm has a market cap of $8.22 billion, a price-to-earnings ratio of 10.83 and a beta of 0.99. Alaska Air Group has a 1-year low of $64.77 and a 1-year high of $101.43. The company has a 50-day moving average of $76.65 and a 200-day moving average of $83.54.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Alaska Air Group by 2.3% during the second quarter. Vanguard Group Inc. now owns 11,829,247 shares of the transportation company’s stock worth $1,061,794,000 after acquiring an additional 261,887 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Alaska Air Group by 4.6% during the second quarter. Franklin Resources Inc. now owns 3,348,411 shares of the transportation company’s stock worth $300,554,000 after acquiring an additional 148,061 shares in the last quarter. Egerton Capital UK LLP bought a new stake in shares of Alaska Air Group during the second quarter worth $265,002,000. Ameriprise Financial Inc. increased its position in shares of Alaska Air Group by 10.8% during the second quarter. Ameriprise Financial Inc. now owns 1,491,104 shares of the transportation company’s stock worth $133,835,000 after acquiring an additional 145,328 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Alaska Air Group by 149.3% during the second quarter. Principal Financial Group Inc. now owns 1,230,588 shares of the transportation company’s stock worth $110,457,000 after acquiring an additional 737,020 shares in the last quarter. 87.48% of the stock is owned by institutional investors.

In other news, Chairman Bradley D. Tilden sold 2,400 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $85.83, for a total transaction of $205,992.00. Following the completion of the sale, the chairman now owns 140,346 shares of the company’s stock, valued at $12,045,897.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Andrew R. Harrison sold 2,350 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $86.03, for a total transaction of $202,170.50. Following the sale, the executive vice president now directly 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. 0.57% of the stock is owned by corporate insiders.

Alaska Air Group Company Profile

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.

Earnings History and Estimates for Alaska Air Group (NYSE:ALK)

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