Alaska Air Group (NYSE:ALK) Shares Up 5.8% After Strong Earnings

Alaska Air Group, Inc. (NYSE:ALKGet Free Report)’s stock price rose 5.8% on Friday following a better than expected earnings announcement. The company traded as high as $51.50 and last traded at $51.7090. Approximately 3,226,444 shares changed hands during trading, a decline of 2% from the average daily volume of 3,291,101 shares. The stock had previously closed at $48.86.

The transportation company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.32. The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.64 billion. Alaska Air Group had a return on equity of 7.26% and a net margin of 0.70%.The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the company posted $0.97 EPS. Alaska Air Group has set its Q1 2026 guidance at -1.500–0.500 EPS and its FY 2026 guidance at 3.500-6.500 EPS.

Trending Headlines about Alaska Air Group

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Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ALK shares. Weiss Ratings restated a “hold (c-)” rating on shares of Alaska Air Group in a report on Monday, December 29th. Cantor Fitzgerald set a $65.00 target price on shares of Alaska Air Group in a research report on Monday, November 3rd. Citigroup restated a “buy” rating and issued a $69.00 target price (up from $61.00) on shares of Alaska Air Group in a research note on Wednesday, January 7th. Barclays reaffirmed an “overweight” rating and set a $70.00 price target (up from $60.00) on shares of Alaska Air Group in a report on Monday, January 12th. Finally, Bank of America boosted their price objective on shares of Alaska Air Group from $62.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $71.80.

View Our Latest Stock Report on ALK

Institutional Trading of Alaska Air Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Alaska Air Group in the 3rd quarter worth approximately $28,000. MAI Capital Management grew its position in shares of Alaska Air Group by 80.5% during the 2nd quarter. MAI Capital Management now owns 628 shares of the transportation company’s stock valued at $31,000 after buying an additional 280 shares during the last quarter. AlphaQuest LLC acquired a new stake in Alaska Air Group during the third quarter worth about $34,000. Smartleaf Asset Management LLC lifted its holdings in Alaska Air Group by 43.2% in the third quarter. Smartleaf Asset Management LLC now owns 838 shares of the transportation company’s stock worth $42,000 after acquiring an additional 253 shares during the last quarter. Finally, Country Trust Bank acquired a new stake in shares of Alaska Air Group during the 3rd quarter worth approximately $45,000. 81.90% of the stock is owned by institutional investors.

Alaska Air Group Stock Up 4.1%

The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.12. The stock has a 50-day moving average of $47.94 and a 200-day moving average of $50.79. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of 58.48, a price-to-earnings-growth ratio of 0.50 and a beta of 1.22.

About Alaska Air Group

(Get Free Report)

Alaska Air Group is a publicly traded holding company headquartered in Seattle, Washington, that operates two main airlines—Alaska Airlines and Horizon Air. Through these carriers, the company offers scheduled passenger and cargo services across a network spanning the United States, Canada and Mexico. Its core business activities include domestic and international air transportation, loyalty program management under the Mileage Plan brand, and ancillary revenue streams such as baggage fees, in-flight sales and code-share partnerships with other global airlines.

The roots of Alaska Air Group trace back to the foundation of its flagship carrier, Alaska Airlines, in 1932.

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