Alaska Air Group - ALK Stock Forecast, Price & News

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Alaska Air Group in the last year. There are currently 2 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ALK shares.
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13 Wall Street research analysts have issued 12-month price targets for Alaska Air Group's stock. Their ALK share price forecasts range from $50.00 to $91.00. On average, they predict the company's share price to reach $63.50 in the next twelve months. This suggests a possible upside of 26.6% from the stock's current price.
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Alaska Air Group's stock was trading at $42.94 at the beginning of the year. Since then, ALK stock has increased by 16.8% and is now trading at $50.16.
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Alaska Air Group saw a decline in short interest in the month of January. As of January 15th, there was short interest totaling 3,350,000 shares, a decline of 19.1% from the December 31st total of 4,140,000 shares. Based on an average daily trading volume, of 1,400,000 shares, the short-interest ratio is presently 2.4 days.
View Alaska Air Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023.
View our ALK earnings forecast.

Alaska Air Group, Inc. (NYSE:ALK) posted its quarterly earnings data on Thursday, January, 26th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The transportation company had revenue of $2.48 billion for the quarter, compared to analysts' expectations of $2.51 billion. Alaska Air Group had a trailing twelve-month return on equity of 14.75% and a net margin of 0.60%. Alaska Air Group's revenue for the quarter was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.24 earnings per share.
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Alaska Air Group (NYSE:ALK) pays an annual dividend of $1.50 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 348.84%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ALK will have a dividend payout ratio of 21.68% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ALK.

Alaska Air Group's stock split before market open on Thursday, July 10th 2014. The 2-1 split was announced on Thursday, June 12th 2014. The newly issued shares were issued to shareholders after the market closes on Wednesday, July 9th 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Alaska Air Group updated its earnings guidance on Sunday, January, 29th. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.17 billion-$2.22 billion, compared to the consensus revenue estimate of $2.26 billion.

391 employees have rated Alaska Air Group Chief Executive Officer Bradley D. Tilden on Glassdoor.com. Bradley D. Tilden has an approval rating of 85% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Alaska Air Group investors own include Delta Air Lines (DAL), Southwest Airlines (LUV), NVIDIA (NVDA), Walt Disney (DIS), Bank of America (BAC), Boeing (BA), Gilead Sciences (GILD), CVS Health (CVS), Intel (INTC) and Netflix (NFLX).

Alaska Air Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "ALK."

Alaska Air Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Deroy & Devereaux Private Investment Counsel Inc. (0.38%), Allspring Global Investments Holdings LLC (0.22%), Wedge Capital Management L L P NC (0.17%), National Bank of Canada FI (0.14%), Gateway Investment Advisers LLC (0.12%) and New York State Teachers Retirement System (0.11%). Insiders that own company stock include Andrea L Schneider, Andrea L Schneider, Andrew R Harrison, Benito Minicucci, Bradley D Tilden, Christopher Michael Berry, Helvi Kay Sandvik, J Kenneth Thompson, Jessie J Knight Jr, Joseph A Sprague, Kyle B Levine and Shane R Tackett.
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Shares of ALK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ALK stock can currently be purchased for approximately $50.16.

Alaska Air Group (NYSE:ALK) has a market capitalization of $6.36 billion and generates $9.07 billion in revenue each year. The transportation company earns $58 million in net income (profit) each year or $0.43 on an earnings per share basis.

The company employs 22,833 workers across the globe.

Alaska Air Group's mailing address is 19300 INTERNATIONAL BOULEVARD, SEATTLE WA, 98188. The official website for the company is www.alaskaair.com. The transportation company can be reached via phone at (206) 392-5040, via email at lavanya.sareen@alaskaair.com, or via fax at 302-636-5454.