Equities research analysts forecast that Alaska Air Group, Inc. (NYSE:ALK) will report $1.96 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Alaska Air Group’s earnings, with estimates ranging from $1.94 billion to $1.97 billion. Alaska Air Group reported sales of $1.52 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 28.9%. The business is expected to announce its next earnings results before the market opens on Thursday, January 25th.

On average, analysts expect that Alaska Air Group will report full-year sales of $1.96 billion for the current fiscal year, with estimates ranging from $7.91 billion to $7.94 billion. For the next year, analysts anticipate that the business will report sales of $8.60 billion per share, with estimates ranging from $8.49 billion to $8.75 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Alaska Air Group.

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

ALK has been the topic of a number of research reports. Morgan Stanley set a $78.00 price objective on Alaska Air Group and gave the stock a “buy” rating in a research note on Thursday, November 16th. Imperial Capital reduced their price objective on Alaska Air Group from $85.00 to $70.00 and set a “line” rating on the stock in a research note on Thursday, October 26th. JPMorgan Chase & Co. downgraded Alaska Air Group from an “overweight” rating to a “neutral” rating and set a $74.00 price objective on the stock. in a research note on Wednesday, November 1st. Cowen reaffirmed a “buy” rating and issued a $103.00 price objective on shares of Alaska Air Group in a research note on Tuesday, September 12th. Finally, ValuEngine raised Alaska Air Group from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $91.18.

In related news, CEO David L. Campbell sold 4,934 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $68.00, for a total transaction of $335,512.00. Following the completion of the transaction, the chief executive officer now owns 9,648 shares in the company, valued at approximately $656,064. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Andrew R. Harrison sold 540 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $65.53, for a total value of $35,386.20. Following the transaction, the executive vice president now owns 20,788 shares of the company’s stock, valued at approximately $1,362,237.64. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN lifted its holdings in shares of Alaska Air Group by 40.8% in the 3rd quarter. Wells Fargo & Company MN now owns 558,877 shares of the transportation company’s stock worth $42,626,000 after buying an additional 161,990 shares during the period. Schroder Investment Management Group lifted its holdings in shares of Alaska Air Group by 41.2% in the 2nd quarter. Schroder Investment Management Group now owns 773,245 shares of the transportation company’s stock worth $68,897,000 after buying an additional 225,600 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Alaska Air Group by 78.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 805,723 shares of the transportation company’s stock worth $72,323,000 after buying an additional 353,166 shares during the period. Financial Engines Advisors L.L.C. lifted its holdings in shares of Alaska Air Group by 3.9% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 43,883 shares of the transportation company’s stock worth $3,347,000 after buying an additional 1,650 shares during the period. Finally, Goodman Financial Corp lifted its holdings in shares of Alaska Air Group by 4.0% in the 3rd quarter. Goodman Financial Corp now owns 79,845 shares of the transportation company’s stock worth $6,090,000 after buying an additional 3,048 shares during the period. Institutional investors own 88.57% of the company’s stock.

Shares of Alaska Air Group (ALK) traded down $0.20 on Friday, reaching $73.66. The company had a trading volume of 593,842 shares, compared to its average volume of 1,630,000. The company has a market cap of $9,060.00, a P/E ratio of 11.80 and a beta of 1.03. Alaska Air Group has a 52 week low of $61.10 and a 52 week high of $101.43. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.80 and a quick ratio of 0.78.

The business also recently announced a quarterly dividend, which was paid on Thursday, December 7th. Stockholders of record on Tuesday, November 21st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Monday, November 20th. Alaska Air Group’s dividend payout ratio is currently 19.23%.

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

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