Brokerages Anticipate Alaska Air Group, Inc. (NYSE:ALK) to Post -$3.83 EPS


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Brokerages expect that Alaska Air Group, Inc. (NYSE:ALK) will report ($3.83) earnings per share for the current quarter, Zacks reports. Four analysts have provided estimates for Alaska Air Group’s earnings, with the lowest EPS estimate coming in at ($4.23) and the highest estimate coming in at ($3.45). Alaska Air Group reported earnings per share of ($0.82) during the same quarter last year, which would indicate a negative year-over-year growth rate of 367.1%. The firm is expected to issue its next quarterly earnings results on Tuesday, May 4th.

On average, analysts expect that Alaska Air Group will report full-year earnings of ($2.93) per share for the current year, with EPS estimates ranging from ($5.50) to $0.50. For the next fiscal year, analysts forecast that the company will report earnings of $4.56 per share, with EPS estimates ranging from $2.95 to $5.75. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Alaska Air Group.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results on Monday, January 25th. The transportation company reported ($2.55) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($2.91) by $0.36. The company had revenue of $808.00 million for the quarter, compared to analysts’ expectations of $813.37 million. Alaska Air Group had a negative return on equity of 19.39% and a negative net margin of 13.96%. Alaska Air Group’s quarterly revenue was down 63.7% on a year-over-year basis. During the same period last year, the firm earned $1.46 earnings per share.

A number of equities analysts recently issued reports on ALK shares. Deutsche Bank Aktiengesellschaft raised Alaska Air Group from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Monday. Raymond James increased their target price on shares of Alaska Air Group from $50.00 to $65.00 and gave the company a “strong-buy” rating in a research report on Monday, November 30th. UBS Group upgraded shares of Alaska Air Group from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $43.00 to $64.00 in a research note on Friday, December 11th. Zacks Investment Research upgraded shares of Alaska Air Group from a “sell” rating to a “hold” rating and set a $58.00 price objective for the company in a research note on Friday, January 22nd. Finally, Susquehanna Bancshares raised their price objective on Alaska Air Group from $50.00 to $60.00 and gave the stock a “positive” rating in a report on Thursday, January 14th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $54.44.

In other Alaska Air Group news, insider Benito Minicucci sold 10,000 shares of the business’s stock in a transaction on Monday, December 28th. The shares were sold at an average price of $52.95, for a total value of $529,500.00. Following the transaction, the insider now directly owns 95,908 shares of the company’s stock, valued at approximately $5,078,328.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Christopher Michael Berry sold 630 shares of the company’s stock in a transaction on Friday, December 4th. The stock was sold at an average price of $54.05, for a total transaction of $34,051.50. Following the transaction, the vice president now owns 4,703 shares of the company’s stock, valued at approximately $254,197.15. The disclosure for this sale can be found here. Insiders have sold a total of 17,793 shares of company stock valued at $979,892 over the last ninety days. 0.47% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. acquired a new position in Alaska Air Group during the 3rd quarter worth approximately $250,000. Avantax Advisory Services Inc. grew its holdings in Alaska Air Group by 26.6% during the third quarter. Avantax Advisory Services Inc. now owns 11,134 shares of the transportation company’s stock worth $409,000 after acquiring an additional 2,337 shares during the period. Louisiana State Employees Retirement System purchased a new position in Alaska Air Group in the third quarter worth $231,000. Gateway Investment Advisers LLC lifted its holdings in Alaska Air Group by 63.8% in the third quarter. Gateway Investment Advisers LLC now owns 193,896 shares of the transportation company’s stock valued at $7,102,000 after acquiring an additional 75,520 shares during the period. Finally, Cambiar Investors LLC acquired a new stake in Alaska Air Group in the third quarter valued at $5,182,000. Hedge funds and other institutional investors own 73.10% of the company’s stock.

Shares of ALK traded up $2.56 during mid-day trading on Tuesday, reaching $66.17. The company’s stock had a trading volume of 82,601 shares, compared to its average volume of 1,907,943. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.06 and a quick ratio of 1.05. Alaska Air Group has a 12-month low of $20.02 and a 12-month high of $66.13. The stock has a market cap of $8.18 billion, a PE ratio of -11.30 and a beta of 1.81. The company’s 50 day moving average is $54.07 and its 200 day moving average is $45.69.

Alaska Air Group Company Profile

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 has a network of approximately 1,300 daily flights to 115 destinations across the United States, Mexico, Canada, and Costa Rica.

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