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

Alaska Air Group (NYSE:ALK - Get Free Report) will likely be posting its quarterly earnings results after the market closes on Wednesday, April 23rd. Analysts expect the company to announce earnings of ($0.58) per share and revenue of $3.19 billion for the quarter. Alaska Air Group has set its Q1 2025 guidance at -0.700--0.500 EPS.Investors that are interested in registering for the company's conference call can do so using this link.

Alaska Air Group (NYSE:ALK - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.52. Alaska Air Group had a return on equity of 14.66% and a net margin of 3.37%. On average, analysts expect Alaska Air Group to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Alaska Air Group Trading Up 1.0 %

NYSE:ALK traded up $0.43 during mid-day trading on Friday, hitting $45.08. The company had a trading volume of 2,267,011 shares, compared to its average volume of 2,589,886. The firm has a market cap of $5.53 billion, a P/E ratio of 14.78, a P/E/G ratio of 0.43 and a beta of 1.37. Alaska Air Group has a fifty-two week low of $32.62 and a fifty-two week high of $78.08. The business's fifty day moving average is $57.21 and its two-hundred day moving average is $58.02. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.61.

Insider Activity

In other news, EVP Andrew R. Harrison sold 91,745 shares of the company's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $71.14, for a total value of $6,526,739.30. Following the sale, the executive vice president now directly owns 20,638 shares of the company's stock, valued at approximately $1,468,187.32. This represents a 81.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joseph A. Sprague sold 9,500 shares of the business's stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $68.90, for a total value of $654,550.00. Following the transaction, the chief executive officer now directly owns 9,840 shares in the company, valued at approximately $677,976. This trade represents a 49.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 154,725 shares of company stock valued at $11,217,263. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Alaska Air Group

A hedge fund recently raised its stake in Alaska Air Group stock. Brighton Jones LLC grew its stake in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 2,046.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 96,932 shares of the transportation company's stock after acquiring an additional 92,416 shares during the period. Brighton Jones LLC owned 0.08% of Alaska Air Group worth $6,276,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 81.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ALK. Bank of America decreased their price objective on shares of Alaska Air Group from $80.00 to $70.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. UBS Group cut shares of Alaska Air Group from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $75.00 to $54.00 in a research report on Monday, April 7th. The Goldman Sachs Group boosted their target price on Alaska Air Group from $70.00 to $79.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Citigroup cut their price objective on Alaska Air Group from $83.00 to $81.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. Finally, Susquehanna dropped their target price on shares of Alaska Air Group from $95.00 to $55.00 and set a "positive" rating on the stock in a report on Monday, April 7th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $70.15.

Alaska Air Group Company Profile

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.