Seaport Res Ptn Has Strong Forecast for ALK FY2025 Earnings

Alaska Air Group, Inc. (NYSE:ALK) – Analysts at Seaport Res Ptn lifted their FY2025 earnings per share estimates for shares of Alaska Air Group in a note issued to investors on Thursday, January 23rd. Seaport Res Ptn analyst D. Mckenzie now forecasts that the transportation company will post earnings of $6.30 per share for the year, up from their previous estimate of $6.25. The consensus estimate for Alaska Air Group’s current full-year earnings is $6.03 per share.

A number of other research analysts have also recently commented on the company. Melius upgraded Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Monday, October 28th. Susquehanna upgraded shares of Alaska Air Group from a “neutral” rating to a “positive” rating and set a $95.00 target price for the company in a research note on Tuesday, January 7th. JPMorgan Chase & Co. upped their price objective on shares of Alaska Air Group from $58.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Morgan Stanley lifted their target price on Alaska Air Group from $70.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, UBS Group increased their price target on Alaska Air Group from $81.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Alaska Air Group has an average rating of “Moderate Buy” and a consensus price target of $74.86.

Alaska Air Group Stock Up 1.5 %

Shares of NYSE:ALK opened at $69.90 on Monday. The stock has a market capitalization of $8.87 billion, a P/E ratio of 22.92, a PEG ratio of 0.59 and a beta of 1.54. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.57 and a current ratio of 0.60. Alaska Air Group has a 1 year low of $32.62 and a 1 year high of $71.70. The stock has a 50-day simple moving average of $61.76 and a 200-day simple moving average of $48.43.

Alaska Air Group (NYSE:ALK) last released its earnings results on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.52. Alaska Air Group had a net margin of 3.37% and a return on equity of 14.78%.

Insider Activity

In other Alaska Air Group news, VP Emily Halverson sold 1,329 shares of Alaska Air Group stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $64.41, for a total transaction of $85,600.89. Following the transaction, the vice president now owns 7,150 shares of the company’s stock, valued at $460,531.50. The trade was a 15.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Andrea L. Schneider sold 800 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $63.89, for a total transaction of $51,112.00. Following the sale, the senior vice president now owns 20,286 shares of the company’s stock, valued at approximately $1,296,072.54. This represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,473 shares of company stock worth $2,198,342. Insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Alaska Air Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Avior Wealth Management LLC increased its position in Alaska Air Group by 44.8% during the fourth quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company’s stock worth $38,000 after buying an additional 182 shares during the last quarter. Pacific Center for Financial Services bought a new stake in shares of Alaska Air Group during the 3rd quarter worth about $45,000. Venturi Wealth Management LLC raised its stake in shares of Alaska Air Group by 86.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company’s stock valued at $46,000 after acquiring an additional 474 shares in the last quarter. Pacifica Partners Inc. lifted its holdings in Alaska Air Group by 952.4% in the 3rd quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company’s stock worth $50,000 after purchasing an additional 1,000 shares during the last quarter. Finally, True Wealth Design LLC bought a new stake in Alaska Air Group during the third quarter worth approximately $52,000. Institutional investors own 81.90% of the company’s stock.

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.