Analysts Anticipate Alaska Air Group, Inc. (NYSE:ALK) Will Announce Earnings of $1.44 Per Share

Brokerages expect that Alaska Air Group, Inc. (NYSE:ALK – Get Rating) will announce $1.44 earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have made estimates for Alaska Air Group’s earnings, with the lowest EPS estimate coming in at $1.35 and the highest estimate coming in at $1.50. Alaska Air Group posted earnings per share of ($0.30) in the same quarter last year, which indicates a positive year over year growth rate of 580%. The firm is expected to report its next earnings results on Monday, January 1st.

On average, analysts expect that Alaska Air Group will report full year earnings of $3.92 per share for the current year, with EPS estimates ranging from $3.19 to $4.52. For the next fiscal year, analysts forecast that the firm will report earnings of $6.49 per share, with EPS estimates ranging from $4.76 to $7.75. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Alaska Air Group.

Alaska Air Group (NYSE:ALK – Get Rating) last announced its quarterly earnings data on Thursday, April 21st. The transportation company reported ($1.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.50) by $0.17. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Alaska Air Group had a net margin of 6.60% and a return on equity of 0.36%. The business’s quarterly revenue was up 110.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($3.51) EPS.

ALK has been the topic of several recent research reports. Cowen lifted their target price on shares of Alaska Air Group from $66.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, March 25th. JPMorgan Chase & Co. lifted their target price on shares of Alaska Air Group from $97.00 to $103.00 and gave the company an “overweight” rating in a report on Friday, April 22nd. StockNews.com began coverage on shares of Alaska Air Group in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Morgan Stanley cut their price objective on shares of Alaska Air Group from $78.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday, March 25th. Finally, Zacks Investment Research upgraded shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a report on Tuesday, April 26th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $75.75.

In other news, CFO Shane R. Tackett sold 2,000 shares of the company’s stock in a transaction dated Friday, February 18th. The shares were sold at an average price of $58.84, for a total value of $117,680.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.40% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Mutual of America Capital Management LLC grew its position in shares of Alaska Air Group by 0.4% during the 4th quarter. Mutual of America Capital Management LLC now owns 56,247 shares of the transportation company’s stock valued at $2,930,000 after buying an additional 206 shares during the last quarter. Ieq Capital LLC grew its position in shares of Alaska Air Group by 4.8% during the 1st quarter. Ieq Capital LLC now owns 4,505 shares of the transportation company’s stock valued at $261,000 after buying an additional 206 shares during the last quarter. State of Michigan Retirement System grew its position in Alaska Air Group by 0.7% in the 1st quarter. State of Michigan Retirement System now owns 31,762 shares of the transportation company’s stock worth $1,843,000 after purchasing an additional 231 shares during the last quarter. Quadrant Capital Group LLC grew its position in Alaska Air Group by 34.0% in the 1st quarter. Quadrant Capital Group LLC now owns 910 shares of the transportation company’s stock worth $53,000 after purchasing an additional 231 shares during the last quarter. Finally, Belpointe Asset Management LLC grew its position in Alaska Air Group by 10.4% in the 1st quarter. Belpointe Asset Management LLC now owns 2,495 shares of the transportation company’s stock worth $145,000 after purchasing an additional 236 shares during the last quarter. 72.26% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:ALK traded down $0.92 during midday trading on Friday, hitting $50.22. 1,576,461 shares of the company’s stock traded hands, compared to its average volume of 2,039,872. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.85 and a current ratio of 0.87. The company has a market cap of $6.33 billion, a PE ratio of 13.65 and a beta of 1.43. The firm’s fifty day moving average price is $54.09 and its two-hundred day moving average price is $54.06. Alaska Air Group has a twelve month low of $43.46 and a twelve month high of $72.92.

Alaska Air Group Company Profile (Get Rating)

Alaska Air Group, Inc, through its subsidiaries, provides passenger and cargo air transportation services. The company operates through three segments: Mainline, Regional, and Horizon. It flies to approximately 120 destinations throughout North America. Alaska Air Group, Inc was founded in 1932 and is based in Seattle, Washington.

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