Q2 2018 EPS Estimates for Alaska Air Group, Inc. (ALK) Lowered by Analyst

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Alaska Air Group, Inc. (NYSE:ALK) – Research analysts at Imperial Capital decreased their Q2 2018 EPS estimates for shares of Alaska Air Group in a research report issued on Wednesday, June 20th. Imperial Capital analyst M. Derchin now expects that the transportation company will post earnings per share of $1.53 for the quarter, down from their previous estimate of $1.72. Imperial Capital has a “Inline” rating and a $62.00 price target on the stock. Imperial Capital also issued estimates for Alaska Air Group’s Q3 2018 earnings at $1.91 EPS, Q1 2019 earnings at $0.23 EPS, Q2 2019 earnings at $2.20 EPS, Q3 2019 earnings at $2.43 EPS and Q4 2019 earnings at $1.35 EPS.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Monday, April 23rd. The transportation company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.03. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.83 billion. Alaska Air Group had a return on equity of 20.43% and a net margin of 11.64%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the business posted $1.12 EPS.

ALK has been the topic of several other research reports. ValuEngine cut shares of Alaska Air Group from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Zacks Investment Research cut shares of Alaska Air Group from a “hold” rating to a “sell” rating in a research report on Tuesday, March 20th. Citigroup dropped their price target on shares of Alaska Air Group from $69.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday. TheStreet cut shares of Alaska Air Group from a “b-” rating to a “c+” rating in a research report on Monday, April 2nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $110.00 price target on shares of Alaska Air Group in a research report on Monday, April 23rd. Three analysts have rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Alaska Air Group presently has a consensus rating of “Hold” and an average target price of $84.00.

Shares of NYSE ALK opened at $64.05 on Friday. Alaska Air Group has a fifty-two week low of $57.53 and a fifty-two week high of $95.75. The stock has a market capitalization of $7.79 billion, a P/E ratio of 9.65 and a beta of 0.76. The company has a current ratio of 0.71, a quick ratio of 0.69 and a debt-to-equity ratio of 0.60.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 7th. Shareholders of record on Tuesday, May 22nd were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, May 21st. This represents a $1.28 annualized dividend and a dividend yield of 2.00%. Alaska Air Group’s dividend payout ratio is currently 19.28%.

In related news, EVP Andrew R. Harrison sold 1,600 shares of Alaska Air Group stock in a transaction that occurred on Friday, May 25th. The shares were sold at an average price of $61.87, for a total value of $98,992.00. Following the sale, the executive vice president now owns 22,492 shares of the company’s stock, valued at approximately $1,391,580.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.57% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the stock. Asset Management One Co. Ltd. raised its holdings in shares of Alaska Air Group by 307.9% in the 1st quarter. Asset Management One Co. Ltd. now owns 2,178 shares of the transportation company’s stock worth $135,000 after purchasing an additional 1,644 shares during the period. Wetherby Asset Management Inc. bought a new stake in shares of Alaska Air Group in the 4th quarter worth approximately $206,000. BDO Wealth Advisors LLC raised its holdings in shares of Alaska Air Group by 485.0% in the 1st quarter. BDO Wealth Advisors LLC now owns 3,071 shares of the transportation company’s stock worth $190,000 after purchasing an additional 2,546 shares during the period. Stone Ridge Asset Management LLC bought a new stake in shares of Alaska Air Group in the 4th quarter worth approximately $233,000. Finally, Moors & Cabot Inc. bought a new stake in shares of Alaska Air Group in the 1st quarter worth approximately $202,000. 92.93% of the stock is currently owned by institutional investors.

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.

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

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