Alaska Air Group (NYSE:ALK) Issues Q1 2024 Earnings Guidance

Alaska Air Group (NYSE:ALK - Get Free Report) updated its first quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of -1.150--1.050 for the period, compared to the consensus EPS estimate of -0.910. The company issued revenue guidance of -.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft upgraded Alaska Air Group from a hold rating to a buy rating and lifted their price target for the stock from $44.00 to $51.00 in a research report on Tuesday, February 20th. Susquehanna lifted their price target on Alaska Air Group from $40.00 to $42.00 and gave the stock a neutral rating in a research report on Friday, April 19th. StockNews.com upgraded Alaska Air Group from a sell rating to a hold rating in a research report on Friday, April 19th. TD Cowen boosted their target price on Alaska Air Group from $49.00 to $58.00 and gave the company a buy rating in a research report on Friday, April 19th. Finally, Bank of America boosted their target price on Alaska Air Group from $50.00 to $56.00 and gave the company a buy rating in a research report on Friday, April 19th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $57.85.

Alaska Air Group Trading Down 2.0 %

Shares of Alaska Air Group stock traded down $0.84 on Wednesday, hitting $42.18. 1,675,035 shares of the company traded hands, compared to its average volume of 2,466,999. The stock's 50 day moving average price is $40.63 and its 200-day moving average price is $37.73. The company has a current ratio of 0.65, a quick ratio of 0.63 and a debt-to-equity ratio of 0.85. Alaska Air Group has a 52 week low of $30.75 and a 52 week high of $57.18. The company has a market cap of $5.31 billion, a PE ratio of 22.62, a PEG ratio of 0.59 and a beta of 1.63.

Alaska Air Group (NYSE:ALK - Get Free Report) last issued its quarterly earnings data on Thursday, April 18th. The transportation company reported ($0.92) EPS for the quarter, topping analysts' consensus estimates of ($1.09) by $0.17. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.18 billion. Alaska Air Group had a net margin of 2.34% and a return on equity of 13.54%. Alaska Air Group's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.62) earnings per share. Equities research analysts predict that Alaska Air Group will post 4.68 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Andrew R. Harrison sold 6,500 shares of the business's stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $38.36, for a total transaction of $249,340.00. Following the sale, the executive vice president now directly owns 26,048 shares of the company's stock, valued at $999,201.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.92% 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.