Wall Street analysts predict that Alaska Air Group, Inc. (NYSE:ALK) will post sales of $1.81 billion for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Alaska Air Group’s earnings, with the lowest sales estimate coming in at $1.80 billion and the highest estimate coming in at $1.82 billion. Alaska Air Group posted sales of $1.75 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.4%. The firm is scheduled to issue its next earnings results on Wednesday, April 25th.
On average, analysts expect that Alaska Air Group will report full year sales of $1.81 billion for the current year, with estimates ranging from $8.32 billion to $8.58 billion. For the next year, analysts forecast that the company will report sales of $8.99 billion per share, with estimates ranging from $8.78 billion to $9.14 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Alaska Air Group.
Alaska Air Group (NYSE:ALK) last released its earnings results on Thursday, January 25th. The transportation company reported $0.83 earnings per share for the quarter, meeting the consensus estimate of $0.83. Alaska Air Group had a net margin of 12.96% and a return on equity of 24.39%. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period last year, the business earned $1.56 earnings per share. The firm’s revenue was up 28.7% on a year-over-year basis.
Alaska Air Group (NYSE ALK) opened at $65.78 on Tuesday. Alaska Air Group has a 52 week low of $59.25 and a 52 week high of $98.30. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 0.61. The firm has a market cap of $8,090.00, a price-to-earnings ratio of 10.82, a P/E/G ratio of 3.33 and a beta of 0.84.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 8th. Stockholders of record on Tuesday, February 20th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Friday, February 16th. This is a boost from Alaska Air Group’s previous quarterly dividend of $0.30. Alaska Air Group’s payout ratio is presently 21.05%.
In other news, VP Kyle B. Levine sold 1,503 shares of the business’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $65.00, for a total value of $97,695.00. Following the completion of the sale, the vice president now owns 7,182 shares of the company’s stock, valued at $466,830. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Christopher Michael Berry sold 460 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $97.00, for a total transaction of $44,620.00. Following the completion of the sale, the vice president now directly owns 1,997 shares of the company’s stock, valued at approximately $193,709. The disclosure for this sale can be found here. In the last three months, insiders sold 13,373 shares of company stock valued at $884,697. 0.57% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of ALK. Exane Derivatives acquired a new position in Alaska Air Group in the fourth quarter valued at about $105,000. Bank of Nova Scotia Trust Co. acquired a new position in Alaska Air Group in the third quarter valued at about $153,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Alaska Air Group by 55.3% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,495 shares of the transportation company’s stock valued at $186,000 after purchasing an additional 888 shares in the last quarter. Harbour Capital Advisors LLC acquired a new position in Alaska Air Group in the third quarter valued at about $200,000. Finally, Wetherby Asset Management Inc. acquired a new position in Alaska Air Group in the fourth quarter valued at about $206,000. 86.42% of the stock is owned by institutional investors and hedge funds.
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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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