The Alaska Air Group Inc. (ALK) Set to Announce Quarterly Earnings on Thursday

The Alaska Air Group Inc. (ALK) Set to Announce Quarterly Earnings on Thursday

Alaska Air Group Inc. (NYSE:ALK) is set to release its Q316 earnings data on Thursday, October 20th. Analysts expect Alaska Air Group to post earnings of $2.07 per share and revenue of $1.56 billion for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results on Thursday, July 21st. The company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.03. The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Alaska Air Group had a net margin of 15.86% and a return on equity of 36.88%. Alaska Air Group’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.76 EPS. On average, analysts expect Alaska Air Group to post $6.98 EPS for the current fiscal year and $6.73 EPS for the next fiscal year.

Shares of Alaska Air Group Inc. (NYSE:ALK) opened at 71.94 on Tuesday. The company has a 50 day moving average of $68.03 and a 200-day moving average of $67.61. The company has a market cap of $8.86 billion, a PE ratio of 9.96 and a beta of 0.89. Alaska Air Group Inc. has a 12-month low of $54.51 and a 12-month high of $87.17.

In related news, VP Brandon Pedersen sold 9,943 shares of the stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $70.52, for a total transaction of $701,180.36. Following the transaction, the vice president now owns 13,360 shares in the company, valued at $942,147.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Bradley D. Tilden sold 2,000 shares of the stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $66.72, for a total transaction of $133,440.00. Following the transaction, the chairman now owns 23,900 shares in the company, valued at approximately $1,594,608. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Pacer Advisors Inc. increased its position in Alaska Air Group by 9.1% in the second quarter. Pacer Advisors Inc. now owns 2,169 shares of the company’s stock valued at $126,000 after buying an additional 181 shares during the last quarter. Point72 Asia Hong Kong Ltd acquired a new position in Alaska Air Group during the second quarter valued at $175,000. Seven Eight Capital LLC acquired a new position in Alaska Air Group during the second quarter valued at $194,000. Deere & Co. acquired a new position in Alaska Air Group during the second quarter valued at $324,000. Finally, Ontario Teachers Pension Plan Board acquired a new position in Alaska Air Group during the second quarter valued at $328,000. Institutional investors own 88.66% of the company’s stock.

A number of research firms recently issued reports on ALK. Zacks Investment Research downgraded shares of Alaska Air Group from a “hold” rating to a “sell” rating in a research note on Wednesday, June 22nd. Credit Suisse Group AG raised shares of Alaska Air Group from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $70.00 to $85.00 in a research note on Monday, July 25th. JPMorgan Chase & Co. raised shares of Alaska Air Group from a “neutral” rating to an “overweight” rating and set a $78.50 price target for the company in a research note on Wednesday, July 27th. Vetr cut shares of Alaska Air Group from a “strong-buy” rating to a “buy” rating and set a $77.17 price objective on the stock. in a report on Tuesday, September 6th. Finally, Imperial Capital assumed coverage on shares of Alaska Air Group in a report on Friday, September 23rd. They issued an “in-line” rating and a $74.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $86.30.

Alaska Air Group Company Profile

Related posts

Leave a Comment