Wall Street brokerages forecast that Alaska Air Group, Inc. (NYSE:ALK) will report sales of $1.88 billion for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Alaska Air Group’s earnings. The lowest sales estimate is $1.87 billion and the highest is $1.93 billion. Alaska Air Group reported sales of $1.83 billion during the same quarter last year, which indicates a positive year over year growth rate of 2.7%. The business is scheduled to report its next earnings report on Monday, April 22nd.
On average, analysts expect that Alaska Air Group will report full year sales of $8.73 billion for the current year, with estimates ranging from $8.61 billion to $8.89 billion. For the next year, analysts forecast that the company will report sales of $9.28 billion, with estimates ranging from $9.08 billion to $9.46 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Alaska Air Group.
Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Thursday, January 24th. The transportation company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. Alaska Air Group had a net margin of 5.29% and a return on equity of 15.20%. The business had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the previous year, the business earned $0.83 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis.
Alaska Air Group stock traded up $0.40 during midday trading on Tuesday, hitting $55.89. The company’s stock had a trading volume of 21,073 shares, compared to its average volume of 1,779,010. The company has a current ratio of 0.61, a quick ratio of 0.59 and a debt-to-equity ratio of 0.43. Alaska Air Group has a 12 month low of $53.70 and a 12 month high of $74.83. The stock has a market cap of $6.83 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 0.34 and a beta of 0.82.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Tuesday, February 19th were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 15th. This represents a $1.40 dividend on an annualized basis and a yield of 2.50%. This is a boost from Alaska Air Group’s previous quarterly dividend of $0.32. Alaska Air Group’s dividend payout ratio (DPR) is currently 31.39%.
In other Alaska Air Group news, VP Brandon Pedersen sold 4,026 shares of Alaska Air Group stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $62.00, for a total transaction of $249,612.00. Following the transaction, the vice president now owns 26,524 shares of the company’s stock, valued at approximately $1,644,488. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Christopher Michael Berry sold 750 shares of Alaska Air Group stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $67.14, for a total value of $50,355.00. Following the transaction, the vice president now directly owns 1,233 shares in the company, valued at approximately $82,783.62. The disclosure for this sale can be found here. Insiders sold a total of 8,776 shares of company stock worth $551,687 in the last three months. 0.56% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the business. We Are One Seven LLC purchased a new position in Alaska Air Group during the 4th quarter valued at about $34,000. North Star Investment Management Corp. purchased a new position in Alaska Air Group during the 4th quarter valued at about $49,000. Enlightenment Research LLC purchased a new position in Alaska Air Group during the 4th quarter valued at about $61,000. Legacy Financial Advisors Inc. grew its stake in Alaska Air Group by 134.4% during the 4th quarter. Legacy Financial Advisors Inc. now owns 1,261 shares of the transportation company’s stock valued at $77,000 after acquiring an additional 723 shares in the last quarter. Finally, Bremer Trust National Association purchased a new position in Alaska Air Group during the 4th quarter valued at about $94,000. 88.26% 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.
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