Analysts Anticipate Alaska Air Group, Inc. (ALK) Will Announce Earnings of -$0.18 Per Share

Wall Street analysts expect Alaska Air Group, Inc. (NYSE:ALK) to report earnings per share of ($0.18) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Alaska Air Group’s earnings. The highest EPS estimate is ($0.15) and the lowest is ($0.22). Alaska Air Group posted earnings of $1.05 per share in the same quarter last year, which would suggest a negative year over year growth rate of 117.1%. The business is scheduled to announce its next earnings report on Wednesday, April 25th.

According to Zacks, analysts expect that Alaska Air Group will report full year earnings of $5.73 per share for the current fiscal year, with EPS estimates ranging from $5.01 to $6.25. For the next fiscal year, analysts anticipate that the company will post earnings of $7.43 per share, with EPS estimates ranging from $7.00 to $8.09. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Alaska Air Group.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Thursday, January 25th. The transportation company reported $0.83 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.83. Alaska Air Group had a return on equity of 24.40% and a net margin of 12.96%. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the company posted $1.56 earnings per share. The business’s revenue for the quarter was up 28.7% compared to the same quarter last year.

Several brokerages have recently commented on ALK. Morgan Stanley set a $78.00 target price on Alaska Air Group and gave the stock a “buy” rating in a report on Thursday, November 16th. JPMorgan Chase & Co. cut Alaska Air Group from a “neutral” rating to an “underweight” rating and increased their target price for the stock from $65.48 to $67.00 in a report on Tuesday, January 30th. Imperial Capital decreased their target price on Alaska Air Group from $85.00 to $70.00 and set a “line” rating on the stock in a report on Thursday, October 26th. ValuEngine upgraded Alaska Air Group from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Bank of America cut Alaska Air Group from a “buy” rating to a “neutral” rating and set a $84.00 price target on the stock. in a report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $87.68.

Shares of Alaska Air Group (NYSE ALK) traded down $1.82 during mid-day trading on Monday, hitting $62.74. The stock had a trading volume of 5,568,944 shares, compared to its average volume of 2,660,000. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $7,720.00, a PE ratio of 7.57, a PEG ratio of 3.32 and a beta of 0.85. Alaska Air Group has a 12 month low of $59.25 and a 12 month high of $101.43.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Tuesday, February 20th will be issued a $0.32 dividend. This is a boost from Alaska Air Group’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.28 annualized dividend and a yield of 2.04%. Alaska Air Group’s dividend payout ratio (DPR) is currently 14.48%.

In other Alaska Air Group news, EVP Andrew R. Harrison sold 540 shares of the firm’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 $1,362,237.64. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO David L. Campbell sold 4,934 shares of the firm’s 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 transaction, the chief executive officer now owns 9,648 shares in the company, valued at approximately $656,064. The disclosure for this sale can be found here. 0.57% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Mountain Capital Investment Advisors Inc bought a new position in Alaska Air Group during the second quarter worth about $122,000. Exane Derivatives bought a new position in Alaska Air Group during the fourth quarter worth about $105,000. Mercer Capital Advisers Inc. acquired a new stake in shares of Alaska Air Group during the third quarter worth about $116,000. Bank of Nova Scotia Trust Co. acquired a new stake in shares of Alaska Air Group during the third quarter worth about $153,000. Finally, Harbour Capital Advisors LLC acquired a new stake in shares of Alaska Air Group during the third quarter worth about $200,000. Hedge funds and other institutional investors own 87.75% 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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