Equities Analysts Issue Forecasts for Alaska Air Group, Inc.’s FY2018 Earnings (ALK)

Alaska Air Group, Inc. (NYSE:ALK) – Equities research analysts at Imperial Capital upped their FY2018 earnings per share (EPS) estimates for shares of Alaska Air Group in a report released on Thursday, November 29th. Imperial Capital analyst M. Derchin now expects that the transportation company will post earnings of $4.38 per share for the year, up from their prior forecast of $4.13. Imperial Capital currently has a “Outperform” rating and a $102.00 target price on the stock. Imperial Capital also issued estimates for Alaska Air Group’s Q4 2018 earnings at $0.66 EPS, Q1 2019 earnings at $0.41 EPS, Q4 2019 earnings at $0.98 EPS, FY2019 earnings at $6.50 EPS and FY2020 earnings at $8.00 EPS.

Several other research analysts also recently issued reports on ALK. TheStreet upgraded Alaska Air Group from a “c+” rating to a “b-” rating in a research report on Wednesday, September 19th. Buckingham Research cut their price objective on Alaska Air Group from $84.00 to $83.00 and set a “buy” rating for the company in a research report on Monday, September 24th. Zacks Investment Research upgraded Alaska Air Group from a “sell” rating to a “hold” rating in a research report on Tuesday, September 25th. Morgan Stanley set a $72.00 price objective on Alaska Air Group and gave the stock a “buy” rating in a research report on Friday, October 5th. Finally, Macquarie set a $64.00 price objective on Alaska Air Group and gave the stock a “hold” rating in a research report on Monday, October 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $80.07.

Shares of Alaska Air Group stock opened at $73.26 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.71 and a quick ratio of 0.69. Alaska Air Group has a 1 year low of $57.53 and a 1 year high of $76.06. The company has a market cap of $9.03 billion, a P/E ratio of 11.03, a P/E/G ratio of 2.49 and a beta of 0.60.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Thursday, October 25th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.10. Alaska Air Group had a return on equity of 15.51% and a net margin of 9.57%. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.20 billion.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Alaska Air Group by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 12,380,127 shares of the transportation company’s stock valued at $852,494,000 after acquiring an additional 130,958 shares during the last quarter. BlackRock Inc. grew its stake in shares of Alaska Air Group by 1.2% during the 3rd quarter. BlackRock Inc. now owns 6,917,114 shares of the transportation company’s stock valued at $476,313,000 after buying an additional 82,310 shares during the period. Primecap Management Co. CA grew its stake in shares of Alaska Air Group by 0.4% during the 3rd quarter. Primecap Management Co. CA now owns 6,024,607 shares of the transportation company’s stock valued at $414,854,000 after buying an additional 23,300 shares during the period. Franklin Resources Inc. grew its stake in shares of Alaska Air Group by 0.3% during the 3rd quarter. Franklin Resources Inc. now owns 3,225,576 shares of the transportation company’s stock valued at $222,113,000 after buying an additional 10,502 shares during the period. Finally, Alliancebernstein L.P. grew its stake in shares of Alaska Air Group by 50.7% during the 3rd quarter. Alliancebernstein L.P. now owns 2,584,097 shares of the transportation company’s stock valued at $177,941,000 after buying an additional 869,058 shares during the period. Institutional investors own 89.82% of the company’s stock.

In other Alaska Air Group news, EVP Shane R. Tackett sold 3,000 shares of the business’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $66.81, for a total value of $200,430.00. Following the completion of the transaction, the executive vice president now directly owns 8,238 shares in the company, valued at approximately $550,380.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Andrew R. Harrison sold 930 shares of the business’s stock in a transaction on Monday, October 29th. The shares were sold at an average price of $62.55, for a total value of $58,171.50. Following the completion of the transaction, the executive vice president now owns 21,562 shares of the company’s stock, valued at $1,348,703.10. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Tuesday, November 20th will be issued a $0.32 dividend. The ex-dividend date is Monday, November 19th. This represents a $1.28 annualized dividend and a yield of 1.75%. Alaska Air Group’s dividend payout ratio (DPR) is presently 19.28%.

Alaska Air Group Company Profile

Alaska Air Group, Inc, through its subsidiaries, provides passengers and cargo air transportation services. It also focuses on providing ground and ramp handling services to airlines. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 118 destinations across the United States, Mexico, Canada, and Costa Rica.

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

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