Alaska Air Group (ALK) Projected to Post Earnings on Thursday

Alaska Air Group (NYSE:ALK) is projected to release its earnings data before the market opens on Thursday, January 23rd. Analysts expect Alaska Air Group to post earnings of $0.45 per share and revenue of $3,323,470.00 billion for the quarter. Alaska Air Group has set its FY 2024 guidance at 4.000- EPS and its Q4 2024 guidance at 0.200-0.400 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Thursday, October 31st. The transportation company reported $2.25 EPS for the quarter, topping the consensus estimate of $2.22 by $0.03. The firm had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3 billion. Alaska Air Group had a net margin of 2.99% and a return on equity of 12.81%. Alaska Air Group’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.83 earnings per share. On average, analysts expect Alaska Air Group to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Alaska Air Group Stock Down 1.6 %

Shares of ALK opened at $66.35 on Tuesday. Alaska Air Group has a fifty-two week low of $32.62 and a fifty-two week high of $69.10. The company’s fifty day moving average is $60.47 and its two-hundred day moving average is $47.56. The firm has a market cap of $8.42 billion, a PE ratio of 26.75, a price-to-earnings-growth ratio of 0.67 and a beta of 1.54. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 0.93.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. TD Cowen boosted their price target on Alaska Air Group from $68.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Susquehanna raised shares of Alaska Air Group from a “neutral” rating to a “positive” rating and set a $95.00 target price for the company in a research report on Tuesday, January 7th. Melius Research upgraded shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a report on Monday, October 28th. Evercore ISI decreased their price objective on shares of Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. Finally, Citigroup raised their target price on shares of Alaska Air Group from $63.00 to $74.00 and gave the company a “buy” rating in a research note on Monday, December 16th. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $72.57.

Insider Buying and Selling at Alaska Air Group

In other Alaska Air Group news, CFO Shane R. Tackett sold 5,000 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $63.56, for a total transaction of $317,800.00. Following the sale, the chief financial officer now directly owns 27,362 shares of the company’s stock, valued at approximately $1,739,128.72. This represents a 15.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Muehlen Constance E. Von sold 4,000 shares of Alaska Air Group stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $63.09, for a total transaction of $252,360.00. Following the completion of the transaction, the chief operating officer now directly owns 12,162 shares of the company’s stock, valued at $767,300.58. This trade represents a 24.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 34,473 shares of company stock valued at $2,198,342 in the last three months. Corporate insiders own 0.68% of the company’s stock.

About Alaska Air Group

Alaska Air Group, Inc, through its subsidiaries, operates airlines. It operates through three segments: Mainline, Regional, and Horizon. The company offers scheduled air transportation services on Boeing jet aircraft for passengers and cargo in the United States, and in parts of Canada, Mexico, Costa Rica, Belize, Guatemala, and the Bahamas; and for passengers across a shorter distance network within the United States, Canada, and Mexico.