$0.95 Earnings Per Share Expected for Alaska Air Group, Inc. (ALK) This Quarter

Equities analysts expect Alaska Air Group, Inc. (NYSE:ALK) to announce earnings of $0.95 per share for the current quarter, according to Zacks. Five analysts have made estimates for Alaska Air Group’s earnings, with the highest EPS estimate coming in at $1.14 and the lowest estimate coming in at $0.84. Alaska Air Group posted earnings of $1.56 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 39.1%. The business is scheduled to report its next quarterly earnings report on Wednesday, February 14th.

On average, analysts expect that Alaska Air Group will report full year earnings of $6.75 per share for the current financial year, with EPS estimates ranging from $6.63 to $6.94. For the next fiscal year, analysts expect that the firm will post earnings of $6.39 per share, with EPS estimates ranging from $5.75 to $7.00. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Alaska Air Group.

Alaska Air Group (NYSE:ALK) last posted its earnings results on Wednesday, October 25th. The transportation company reported $2.24 EPS for the quarter, missing the Zacks’ consensus estimate of $2.26 by ($0.02). Alaska Air Group had a net margin of 10.34% and a return on equity of 28.74%. The company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same period in the previous year, the company earned $2.20 EPS. The company’s quarterly revenue was up 35.4% compared to the same quarter last year.

A number of research firms have commented on ALK. ValuEngine raised shares of Alaska Air Group from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Morgan Stanley set a $78.00 target price on shares of Alaska Air Group and gave the company a “buy” rating in a research report on Thursday, November 16th. Raymond James Financial raised shares of Alaska Air Group from an “outperform” rating to a “strong-buy” rating and decreased their target price for the company from $85.00 to $80.00 in a research report on Wednesday, November 15th. UBS raised shares of Alaska Air Group from an “outperform” rating to a “strong-buy” rating in a research report on Wednesday, November 15th. Finally, J P Morgan Chase & Co cut shares of Alaska Air Group from an “overweight” rating to a “neutral” rating and set a $74.00 target price on the stock. in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $91.27.

Alaska Air Group (NYSE ALK) traded up $1.44 during midday trading on Friday, reaching $70.83. 2,454,359 shares of the company’s stock were exchanged, compared to its average volume of 1,780,000. Alaska Air Group has a 52 week low of $61.10 and a 52 week high of $101.43. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.80 and a quick ratio of 0.78. The firm has a market capitalization of $8,720.00, a PE ratio of 9.62 and a beta of 1.03.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 7th. Stockholders of record on Tuesday, November 21st were given a dividend of $0.30 per share. The ex-dividend date was Monday, November 20th. This represents a $1.20 annualized dividend and a dividend yield of 1.69%. Alaska Air Group’s dividend payout ratio is presently 19.23%.

In other news, EVP Andrew R. Harrison sold 540 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $65.53, for a total transaction of $35,386.20. Following the sale, the executive vice president now owns 20,788 shares of the company’s stock, valued at $1,362,237.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David L. Campbell sold 4,934 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $68.00, for a total transaction of $335,512.00. Following the sale, the chief executive officer now directly owns 9,648 shares in the company, valued at approximately $656,064. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Schroder Investment Management Group raised its holdings in Alaska Air Group by 41.2% in the second quarter. Schroder Investment Management Group now owns 773,245 shares of the transportation company’s stock valued at $68,897,000 after acquiring an additional 225,600 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Alaska Air Group by 78.0% in the second quarter. JPMorgan Chase & Co. now owns 805,723 shares of the transportation company’s stock valued at $72,323,000 after acquiring an additional 353,166 shares in the last quarter. Legal & General Group Plc raised its holdings in Alaska Air Group by 11.3% in the second quarter. Legal & General Group Plc now owns 161,010 shares of the transportation company’s stock valued at $14,453,000 after acquiring an additional 16,407 shares in the last quarter. Financial Engines Advisors L.L.C. raised its holdings in Alaska Air Group by 3.9% in the third quarter. Financial Engines Advisors L.L.C. now owns 43,883 shares of the transportation company’s stock valued at $3,347,000 after acquiring an additional 1,650 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Alaska Air Group by 149.3% in the second quarter. Principal Financial Group Inc. now owns 1,230,588 shares of the transportation company’s stock valued at $110,457,000 after acquiring an additional 737,020 shares in the last quarter. 88.69% of the stock is currently owned by hedge funds and other institutional investors.

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About Alaska Air Group

Alaska Air Group, Inc is the holding company of Alaska Airlines (Alaska), Virgin America Inc, Horizon Air (Horizon) and other business units. The Company operates through three segments: Mainline, Regional and Horizon. Its Mainline segment includes Alaska’s and Virgin America’s scheduled air transportation for passengers and cargo throughout the United States, and in parts of Canada, Mexico, Costa Rica and Cuba.

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