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 flies to approximately 120 destinations throughout North America. Alaska Air Group, Inc. was founded in 1932 and is based in Seattle, Washington.
Alaska Air Group Trading Up 2.4 %
Shares of ALK Stock opened at $47.34 on Friday. The business's fifty day moving average price is $43.00 and its 200 day moving average price is $49.60. Alaska Air Group has a 1-year low of $38.19 and a 1-year high of $63.76. The firm has a market capitalization of $5.97 billion, a PE ratio of 29.22 and a beta of 1.46. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.86 and a quick ratio of 0.84.
Alaska Air Group (NYSE:ALK - Get Rating) last released its earnings results on Thursday, July 21st. The transportation company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.24. Alaska Air Group had a return on equity of 8.97% and a net margin of 2.54%. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same period in the prior year, the business posted ($0.30) earnings per share. The firm's revenue for the quarter was up 74.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Alaska Air Group will post 4.37 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on ALK. Susquehanna reduced their price objective on shares of Alaska Air Group from $68.00 to $50.00 and set a "positive" rating on the stock in a report on Tuesday, July 12th. Susquehanna Bancshares lowered their price target on Alaska Air Group from $68.00 to $50.00 and set a "positive" rating for the company in a report on Tuesday, July 12th. Raymond James cut Alaska Air Group from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the company from $75.00 to $58.00 in a research note on Thursday, June 23rd. JPMorgan Chase & Co. boosted their price objective on Alaska Air Group from $97.00 to $103.00 and gave the company an "overweight" rating in a research note on Friday, April 22nd. Finally, Barclays reduced their price objective on Alaska Air Group from $61.00 to $45.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 12th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $66.44.
Insider Buying and Selling
In other Alaska Air Group news, EVP Andrew R. Harrison sold 2,267 shares of the business's stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $44.13, for a total value of $100,042.71. Following the completion of the sale, the executive vice president now owns 14,152 shares of the company's stock, valued at $624,527.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Shane R. Tackett sold 2,000 shares of the firm's stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $46.97, for a total value of $93,940.00. Following the completion of the transaction, the chief financial officer now owns 9,966 shares in the company, valued at approximately $468,103.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Andrew R. Harrison sold 2,267 shares of the firm's stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $44.13, for a total transaction of $100,042.71. Following the sale, the executive vice president now owns 14,152 shares of the company's stock, valued at $624,527.76. The disclosure for this sale can be found here. Insiders own 0.40% of the company's stock.