Alaska Air Group (ALK) to Release Quarterly Earnings on Thursday

Alaska Air Group (NYSE:ALK) is expected to post its quarterly earnings results 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.Parties interested in registering for the company’s conference call can do so using this link.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.03. The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3 billion. Alaska Air Group had a return on equity of 12.81% and a net margin of 2.99%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.83 EPS. 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 Alaska Air Group stock opened at $66.35 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.60 and a quick ratio of 0.57. Alaska Air Group has a 1-year low of $32.62 and a 1-year high of $69.10. The business’s fifty day moving average price is $60.47 and its two-hundred day moving average price is $47.56. The company has a market capitalization of $8.42 billion, a P/E ratio of 26.75, a PEG ratio of 0.67 and a beta of 1.54.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ALK shares. Barclays increased their target price on shares of Alaska Air Group from $55.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. increased their price objective on shares of Alaska Air Group from $58.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. UBS Group boosted their target price on Alaska Air Group from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Melius Research raised Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research note on Monday, October 28th. Finally, Bank of America boosted their price objective on Alaska Air Group from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday. One analyst has rated the stock with a hold rating and fourteen have given 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

In other news, EVP Andrew R. Harrison sold 13,880 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $64.01, for a total value of $888,458.80. Following the completion of the sale, the executive vice president now owns 20,638 shares in the company, valued at $1,321,038.38. This represents a 40.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Emily Halverson sold 1,329 shares of Alaska Air Group stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $64.41, for a total value of $85,600.89. Following the transaction, the vice president now owns 7,150 shares in the company, valued at $460,531.50. This represents a 15.67 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,473 shares of company stock valued at $2,198,342. 0.68% of the stock is owned by corporate insiders.

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.