Q1 2018 Earnings Forecast for Alaska Air Group (ALK) Issued By Imperial Capital

Alaska Air Group (NYSE:ALK) – Equities researchers at Imperial Capital increased their Q1 2018 earnings per share estimates for shares of Alaska Air Group in a research report issued on Tuesday, April 17th. Imperial Capital analyst M. Derchin now anticipates that the transportation company will post earnings per share of $0.12 for the quarter, up from their prior estimate of ($0.17). Imperial Capital currently has a “In-Line” rating and a $68.00 price objective on the stock. Imperial Capital also issued estimates for Alaska Air Group’s Q4 2018 earnings at $1.23 EPS and FY2018 earnings at $5.65 EPS.

Several other research analysts also recently issued reports on ALK. Zacks Investment Research upgraded shares of Alaska Air Group from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Bank of America downgraded shares of Alaska Air Group from a “buy” rating to a “neutral” rating and set a $84.00 target price on the stock. in a research note on Tuesday, January 9th. Barclays downgraded shares of Alaska Air Group from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $90.00 to $80.00 in a research note on Wednesday, January 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $105.00 target price (down previously from $115.00) on shares of Alaska Air Group in a research note on Wednesday, January 10th. Finally, Cowen reiterated an “outperform” rating and issued a $84.00 target price (down previously from $93.00) on shares of Alaska Air Group in a research note on Friday, January 26th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Alaska Air Group presently has a consensus rating of “Hold” and a consensus price target of $83.86.

Shares of NYSE ALK opened at $65.39 on Thursday. The company has a market capitalization of $8,114.08, a PE ratio of 9.85, a PEG ratio of 1.49 and a beta of 0.75. Alaska Air Group has a 52-week low of $57.60 and a 52-week high of $95.75. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 0.79.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Thursday, January 25th. The transportation company reported $0.83 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.83. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.96 billion. Alaska Air Group had a net margin of 12.96% and a return on equity of 24.39%. The business’s revenue was up 28.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.56 earnings per share.

In other Alaska Air Group news, VP Brandon Pedersen sold 2,700 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $65.14, for a total transaction of $175,878.00. Following the completion of the sale, the vice president now directly owns 26,888 shares of the company’s stock, valued at $1,751,484.32. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gary L. Beck sold 6,360 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $65.10, for a total transaction of $414,036.00. Following the sale, the chief executive officer now directly owns 3,316 shares of the company’s stock, valued at $215,871.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,373 shares of company stock worth $884,697. 0.57% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in ALK. Dimensional Fund Advisors LP increased its holdings in Alaska Air Group by 3.2% during the third quarter. Dimensional Fund Advisors LP now owns 1,262,058 shares of the transportation company’s stock valued at $96,254,000 after buying an additional 38,870 shares during the last quarter. OxFORD Asset Management LLP increased its holdings in Alaska Air Group by 49.9% during the third quarter. OxFORD Asset Management LLP now owns 15,312 shares of the transportation company’s stock valued at $1,167,000 after buying an additional 5,097 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its holdings in Alaska Air Group by 4.3% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 34,219 shares of the transportation company’s stock valued at $2,608,000 after buying an additional 1,401 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in Alaska Air Group by 28.0% during the third quarter. Janney Montgomery Scott LLC now owns 4,387 shares of the transportation company’s stock valued at $335,000 after buying an additional 959 shares during the last quarter. Finally, GSA Capital Partners LLP increased its holdings in Alaska Air Group by 103.8% during the third quarter. GSA Capital Partners LLP now owns 8,610 shares of the transportation company’s stock valued at $657,000 after buying an additional 4,386 shares during the last quarter. 86.33% of the stock is owned by institutional investors and hedge funds.

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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.

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

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