Equities analysts predict that Alaska Air Group, Inc. (NYSE:ALK) will announce earnings per share (EPS) of $0.59 for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Alaska Air Group’s earnings, with the lowest EPS estimate coming in at $0.34 and the highest estimate coming in at $0.68. Alaska Air Group reported earnings per share of $0.83 in the same quarter last year, which would indicate a negative year over year growth rate of 28.9%. The business is expected to report its next earnings report on Thursday, January 24th.
According to Zacks, analysts expect that Alaska Air Group will report full-year earnings of $4.33 per share for the current year, with EPS estimates ranging from $4.05 to $4.47. For the next fiscal year, analysts anticipate that the company will report earnings of $6.22 per share, with EPS estimates ranging from $5.28 to $8.65. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Alaska Air Group.
Alaska Air Group (NYSE:ALK) last released its earnings results on Thursday, October 25th. The transportation company reported $1.91 earnings per share for the quarter, beating the 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 for the quarter, compared to analyst estimates of $2.20 billion.
A number of equities research analysts have recently commented on the company. ValuEngine lowered Alaska Air Group from a “buy” rating to a “hold” rating in a research report on Wednesday. Buckingham Research raised their price target on Alaska Air Group from $74.00 to $88.00 and gave the stock a “buy” rating in a research report on Friday, November 30th. Bank of America reaffirmed a “neutral” rating and set a $71.00 price target (up previously from $63.00) on shares of Alaska Air Group in a research report on Thursday, November 29th. Imperial Capital raised their price target on Alaska Air Group from $90.00 to $102.00 and gave the stock an “outperform” rating in a research report on Thursday, November 29th. Finally, Cowen reaffirmed an “outperform” rating and set a $84.00 price target (up previously from $80.00) on shares of Alaska Air Group in a research report on Wednesday, November 28th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $80.07.
NYSE:ALK opened at $64.94 on Friday. The stock has a market capitalization of $8.63 billion, a price-to-earnings ratio of 9.78, a P/E/G ratio of 2.32 and a beta of 0.61. The company has a current ratio of 0.71, a quick ratio of 0.69 and a debt-to-equity ratio of 0.44. Alaska Air Group has a 1-year low of $57.53 and a 1-year high of $76.06.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 6th. Investors of record on Tuesday, November 20th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date was Monday, November 19th. Alaska Air Group’s dividend payout ratio is presently 19.28%.
In other Alaska Air Group news, Director J Kenneth Thompson sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $73.12, for a total value of $182,800.00. Following the completion of the transaction, the director now directly owns 36,353 shares in the company, valued at $2,658,131.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Andrew R. Harrison sold 930 shares of the firm’s stock in a transaction that occurred 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. 0.57% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of the business. Alliancebernstein L.P. lifted its holdings in 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 worth $177,941,000 after purchasing an additional 869,058 shares during the last quarter. Schroder Investment Management Group raised its holdings in Alaska Air Group by 2,856.2% in the 3rd quarter. Schroder Investment Management Group now owns 824,386 shares of the transportation company’s stock valued at $56,767,000 after acquiring an additional 796,499 shares in the last quarter. Capital International Investors acquired a new position in Alaska Air Group in the 3rd quarter valued at $54,117,000. Diamond Hill Capital Management Inc. raised its holdings in Alaska Air Group by 248.8% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 960,848 shares of the transportation company’s stock valued at $58,026,000 after acquiring an additional 685,374 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in Alaska Air Group by 122.3% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,099,890 shares of the transportation company’s stock valued at $75,738,000 after acquiring an additional 605,047 shares in the last quarter. Hedge funds and other institutional investors own 93.00% of the company’s stock.
About Alaska Air Group
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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