Alaska Air Group, Inc. (ALK) Expected to Post Earnings of $0.83 Per Share

Equities analysts expect Alaska Air Group, Inc. (NYSE:ALK) to report earnings of $0.83 per share for the current quarter, according to Zacks. Five analysts have made estimates for Alaska Air Group’s earnings. The lowest EPS estimate is $0.79 and the highest is $0.92. Alaska Air Group reported earnings of $1.56 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 46.8%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Thursday, January 25th.

On average, analysts expect that Alaska Air Group will report full year earnings of $6.62 per share for the current year, with EPS estimates ranging from $6.58 to $6.72. For the next year, analysts expect that the business will post earnings of $6.57 per share, with EPS estimates ranging from $5.90 to $7.40. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Alaska Air Group.

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

Several equities analysts recently weighed in on the company. Stifel Nicolaus restated a “buy” rating and issued a $105.00 price target (down previously from $115.00) on shares of Alaska Air Group in a research note on Wednesday, January 10th. Barclays lowered Alaska Air Group from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $90.00 to $80.00 in a research note on Wednesday, January 10th. Bank of America lowered Alaska Air Group from a “buy” rating to a “neutral” rating and set a $84.00 price target for the company. in a research note on Tuesday, January 9th. Zacks Investment Research upgraded Alaska Air Group from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Finally, Standpoint Research started coverage on Alaska Air Group in a research note on Monday, December 18th. They issued a “buy” rating and a $90.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and three have given a strong buy rating to the company’s stock. Alaska Air Group currently has a consensus rating of “Buy” and a consensus target price of $88.89.

Shares of Alaska Air Group (ALK) traded down $0.91 during trading on Friday, hitting $68.88. The company had a trading volume of 3,372,454 shares, compared to its average volume of 1,680,000. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 0.68. Alaska Air Group has a 1 year low of $61.10 and a 1 year high of $101.43. The stock has a market cap of $8,480.00, a price-to-earnings ratio of 11.04, a PEG ratio of 5.04 and a beta of 1.03.

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

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Alaska Air Group by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 11,829,247 shares of the transportation company’s stock worth $1,061,794,000 after purchasing an additional 261,887 shares during the last quarter. Egerton Capital UK LLP boosted its holdings in shares of Alaska Air Group by 51.6% during the 3rd quarter. Egerton Capital UK LLP now owns 4,476,494 shares of the transportation company’s stock worth $341,422,000 after purchasing an additional 1,524,149 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Alaska Air Group by 22.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,510,663 shares of the transportation company’s stock worth $115,218,000 after purchasing an additional 280,075 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Alaska Air Group by 3.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,262,058 shares of the transportation company’s stock worth $96,254,000 after purchasing an additional 38,870 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its holdings in shares of Alaska Air Group by 15.4% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,061,230 shares of the transportation company’s stock worth $80,940,000 after purchasing an additional 141,434 shares during the last quarter. Institutional investors and hedge funds own 88.61% 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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