Equities research analysts forecast that Alaska Air Group, Inc. (NYSE:ALK) will post sales of $1.96 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Alaska Air Group’s earnings. The highest sales estimate is $1.98 billion and the lowest is $1.94 billion. Alaska Air Group posted sales of $1.52 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 28.9%. The business is expected to announce its next quarterly earnings report on Wednesday, February 14th.

According to Zacks, analysts expect that Alaska Air Group will report full-year sales of $1.96 billion for the current financial year, with estimates ranging from $7.91 billion to $7.95 billion. For the next year, analysts forecast that the company will post sales of $8.60 billion per share, with estimates ranging from $8.50 billion to $8.76 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Alaska Air Group.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results on Wednesday, October 25th. The transportation company reported $2.24 EPS for the quarter, missing the Zacks’ consensus estimate of $2.26 by ($0.02). The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.13 billion. Alaska Air Group had a return on equity of 28.74% and a net margin of 10.34%. Alaska Air Group’s revenue was up 35.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.20 earnings per share.

ALK has been the subject of several research analyst reports. Barclays reissued a “buy” rating on shares of Alaska Air Group in a research note on Thursday, September 14th. Cowen reissued a “buy” rating and set a $103.00 price objective on shares of Alaska Air Group in a research note on Tuesday, September 12th. Stifel Nicolaus reissued a “buy” rating and set a $125.00 price objective on shares of Alaska Air Group in a research note on Saturday, September 23rd. ValuEngine lowered Alaska Air Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Bank of America dropped their price target on Alaska Air Group from $100.00 to $96.00 and set a “buy” rating for the company in a research note on Friday, October 13th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $91.27.

Alaska Air Group (ALK) traded up $0.06 during trading hours on Friday, reaching $69.17. The company had a trading volume of 1,980,900 shares, compared to its average volume of 1,474,514. The company has a market capitalization of $8,279.69, a price-to-earnings ratio of 9.14 and a beta of 1.01. Alaska Air Group has a 12 month low of $61.10 and a 12 month high of $101.43. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 0.68.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Tuesday, November 21st will be issued a $0.30 dividend. The ex-dividend date is Monday, November 20th. This represents a $1.20 annualized dividend and a dividend yield of 1.73%. Alaska Air Group’s dividend payout ratio is currently 19.26%.

In related news, EVP Andrew R. Harrison sold 540 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $65.53, for a total transaction of $35,386.20. Following the transaction, the executive vice president now owns 20,788 shares in the company, valued at approximately $1,362,237.64. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.57% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the stock. Shelton Capital Management boosted its position in Alaska Air Group by 38.0% during the 3rd quarter. Shelton Capital Management now owns 53,763 shares of the transportation company’s stock valued at $4,101,000 after acquiring an additional 14,800 shares in the last quarter. Hartline Investment Corp boosted its position in Alaska Air Group by 21.2% during the 3rd quarter. Hartline Investment Corp now owns 32,059 shares of the transportation company’s stock valued at $2,445,000 after acquiring an additional 5,599 shares in the last quarter. GSA Capital Partners LLP boosted its position in Alaska Air Group by 103.8% during the 3rd quarter. GSA Capital Partners LLP now owns 8,610 shares of the transportation company’s stock valued at $657,000 after acquiring an additional 4,386 shares in the last quarter. Cypress Capital Group bought a new stake in Alaska Air Group during the 3rd quarter valued at approximately $351,000. Finally, Dana Investment Advisors Inc. boosted its position in Alaska Air Group by 9.8% during the 3rd quarter. Dana Investment Advisors Inc. now owns 356,487 shares of the transportation company’s stock valued at $27,189,000 after acquiring an additional 31,717 shares in the last quarter. Institutional investors own 88.23% of the company’s stock.

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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.

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

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