Alaska Air Group, Inc. (NYSE:ALK) – Analysts at Imperial Capital increased their Q1 2018 earnings per share estimates for Alaska Air Group in a research note issued on Wednesday. Imperial Capital analyst M. Derchin now forecasts that the transportation company will post earnings of $0.50 per share for the quarter, up from their prior estimate of $0.41. Imperial Capital has a “line” rating and a $70.00 price objective on the stock. Imperial Capital also issued estimates for Alaska Air Group’s Q2 2018 earnings at $2.23 EPS, Q3 2018 earnings at $2.36 EPS, Q4 2018 earnings at $1.15 EPS and FY2018 earnings at $6.25 EPS.

A number of other equities research analysts also recently commented on ALK. Stifel Nicolaus reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Alaska Air Group in a research report on Saturday, September 23rd. Macquarie began coverage on Alaska Air Group in a research report on Monday, September 25th. They issued an “outperform” rating and a $94.00 price objective for the company. Bank of America lowered their price objective on Alaska Air Group from $100.00 to $96.00 and set a “buy” rating for the company in a research report on Friday, October 13th. Cowen lowered their price objective on Alaska Air Group from $100.00 to $89.00 and set an “outperform” rating for the company in a research report on Thursday, October 26th. Finally, Morgan Stanley lifted their price objective on Alaska Air Group from $83.00 to $91.00 and gave the company an “overweight” rating in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $88.89.

Alaska Air Group (NYSE ALK) traded down $1.03 during trading on Friday, reaching $69.79. The company’s stock had a trading volume of 1,979,700 shares, compared to its average volume of 1,943,533. 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 stock has a market capitalization of $8,480.00, a P/E ratio of 11.18, a price-to-earnings-growth ratio of 5.04 and a beta of 1.03. Alaska Air Group has a one year low of $61.10 and a one year high of $101.43.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN lifted its stake in shares of Alaska Air Group by 40.8% during the third quarter. Wells Fargo & Company MN now owns 558,877 shares of the transportation company’s stock worth $42,626,000 after purchasing an additional 161,990 shares in the last quarter. Financial Engines Advisors L.L.C. lifted its stake in shares of Alaska Air Group by 3.9% during the third quarter. Financial Engines Advisors L.L.C. now owns 43,883 shares of the transportation company’s stock worth $3,347,000 after purchasing an additional 1,650 shares in the last quarter. Magnetar Financial LLC lifted its stake in shares of Alaska Air Group by 86.9% in the third quarter. Magnetar Financial LLC now owns 22,872 shares of the transportation company’s stock worth $1,744,000 after acquiring an additional 10,637 shares in the last quarter. Goodman Financial Corp lifted its stake in shares of Alaska Air Group by 4.0% in the third quarter. Goodman Financial Corp now owns 79,845 shares of the transportation company’s stock worth $6,090,000 after acquiring an additional 3,048 shares in the last quarter. Finally, Cohen & Steers Inc. lifted its stake in shares of Alaska Air Group by 31.3% in the third quarter. Cohen & Steers Inc. now owns 154,561 shares of the transportation company’s stock worth $11,788,000 after acquiring an additional 36,881 shares in the last quarter. Institutional investors own 88.61% of the company’s stock.

In other Alaska Air Group news, CEO David L. Campbell sold 4,934 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 9,648 shares of the company’s stock, valued at $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 dated Monday, November 27th. The shares were sold at an average price of $65.53, for a total value of $35,386.20. Following the sale, the executive vice president now directly 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. 0.57% of the stock is currently owned by insiders.

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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.

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

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