Zacks: Brokerages Expect Alaska Air Group, Inc. (NYSE:ALK) to Announce $1.84 EPS

Brokerages predict that Alaska Air Group, Inc. (NYSE:ALK) will announce earnings per share of $1.84 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Alaska Air Group’s earnings, with the highest EPS estimate coming in at $2.05 and the lowest estimate coming in at $1.70. Alaska Air Group posted earnings per share of $1.66 during the same quarter last year, which suggests a positive year over year growth rate of 10.8%. The business is scheduled to report its next earnings results on Thursday, July 25th.

According to Zacks, analysts expect that Alaska Air Group will report full-year earnings of $5.70 per share for the current fiscal year, with EPS estimates ranging from $5.15 to $6.40. For the next year, analysts forecast that the business will report earnings of $6.70 per share, with EPS estimates ranging from $5.79 to $7.60. Zacks’ EPS averages are a mean average based on a survey of research analysts that follow Alaska Air Group.

Alaska Air Group (NYSE:ALK) last posted its earnings results on Thursday, April 25th. The transportation company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Alaska Air Group had a return on equity of 14.97% and a net margin of 5.26%. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the firm earned $0.14 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year.

A number of equities research analysts have recently issued reports on ALK shares. Credit Suisse Group set a $76.00 target price on Alaska Air Group and gave the company a “buy” rating in a research note on Friday, April 12th. Deutsche Bank lowered their price objective on Alaska Air Group from $73.00 to $68.00 and set a “buy” rating for the company in a research note on Friday, April 26th. Buckingham Research lowered their price objective on Alaska Air Group from $88.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, March 8th. Zacks Investment Research upgraded Alaska Air Group from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research note on Tuesday, March 5th. Finally, ValuEngine upgraded Alaska Air Group from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Alaska Air Group currently has a consensus rating of “Buy” and an average target price of $76.43.

Shares of ALK stock traded up $0.96 during trading hours on Friday, reaching $63.12. The company had a trading volume of 1,236,882 shares, compared to its average volume of 868,082. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.57 and a current ratio of 0.59. Alaska Air Group has a twelve month low of $53.39 and a twelve month high of $74.83. The firm has a market cap of $7.80 billion, a P/E ratio of 14.15, a price-to-earnings-growth ratio of 0.64 and a beta of 0.84.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Tuesday, May 21st were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, May 20th. This represents a $1.40 dividend on an annualized basis and a yield of 2.22%. Alaska Air Group’s dividend payout ratio (DPR) is presently 31.39%.

In other Alaska Air Group news, EVP Andrew R. Harrison sold 1,600 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $61.53, for a total transaction of $98,448.00. Following the transaction, the executive vice president now owns 20,567 shares of the company’s stock, valued at approximately $1,265,487.51. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Andrew R. Harrison sold 4,700 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $62.63, for a total value of $294,361.00. Following the transaction, the executive vice president now directly owns 15,867 shares in the company, valued at approximately $993,750.21. The disclosure for this sale can be found here. 0.43% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the business. Investors Research Corp bought a new stake in shares of Alaska Air Group in the 1st quarter worth approximately $28,000. Icon Wealth Partners LLC bought a new stake in shares of Alaska Air Group in the 1st quarter worth approximately $36,000. Sandy Spring Bank lifted its holdings in shares of Alaska Air Group by 58.8% in the 1st quarter. Sandy Spring Bank now owns 794 shares of the transportation company’s stock worth $45,000 after purchasing an additional 294 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Alaska Air Group by 762.7% in the 1st quarter. Quadrant Capital Group LLC now owns 949 shares of the transportation company’s stock worth $52,000 after purchasing an additional 839 shares during the last quarter. Finally, Enlightenment Research LLC bought a new stake in shares of Alaska Air Group in the 4th quarter worth approximately $61,000. 88.43% of the stock is currently owned by institutional investors.

About Alaska Air Group

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 has a network of approximately 1,200 daily flights to 115 destinations across the United States, Mexico, Canada, and Costa Rica.

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Earnings History and Estimates for Alaska Air Group (NYSE:ALK)

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