Seaport Res Ptn Comments on Alaska Air Group, Inc.’s Q4 2024 Earnings (NYSE:ALK)

Alaska Air Group, Inc. (NYSE:ALK) – Stock analysts at Seaport Res Ptn dropped their Q4 2024 earnings per share estimates for shares of Alaska Air Group in a research report issued to clients and investors on Thursday, July 18th. Seaport Res Ptn analyst D. Mckenzie now anticipates that the transportation company will earn $0.80 per share for the quarter, down from their prior estimate of $0.90. The consensus estimate for Alaska Air Group’s current full-year earnings is $4.14 per share.

ALK has been the subject of several other reports. Morgan Stanley lowered their price objective on Alaska Air Group from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Monday. Evercore ISI lifted their price objective on shares of Alaska Air Group from $55.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. TD Cowen increased their target price on shares of Alaska Air Group from $49.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Susquehanna dropped their price target on shares of Alaska Air Group from $42.00 to $41.00 and set a “neutral” rating for the company in a research note on Tuesday, July 16th. Finally, StockNews.com upgraded shares of Alaska Air Group from a “sell” rating to a “hold” rating in a report on Friday, April 19th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $55.82.

Alaska Air Group Stock Down 1.7 %

Shares of NYSE:ALK opened at $38.07 on Monday. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 0.91 and a beta of 1.60. Alaska Air Group has a 12 month low of $30.75 and a 12 month high of $53.94. The company has a current ratio of 0.65, a quick ratio of 0.63 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average price of $40.72 and a 200 day moving average price of $39.89.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Thursday, July 18th. The transportation company reported $2.55 EPS for the quarter, beating the consensus estimate of $2.36 by $0.19. Alaska Air Group had a net margin of 2.14% and a return on equity of 11.97%. The business had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter last year, the business earned $3.00 earnings per share. Alaska Air Group’s quarterly revenue was up 2.1% compared to the same quarter last year.

Institutional Trading of Alaska Air Group

A number of large investors have recently modified their holdings of the company. American Century Companies Inc. raised its position in Alaska Air Group by 27.7% during the 3rd quarter. American Century Companies Inc. now owns 147,421 shares of the transportation company’s stock valued at $5,466,000 after purchasing an additional 32,019 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Alaska Air Group by 0.3% in the third quarter. Vanguard Group Inc. now owns 14,461,295 shares of the transportation company’s stock valued at $536,225,000 after acquiring an additional 47,871 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its stake in Alaska Air Group by 255.5% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 775 shares of the transportation company’s stock worth $30,000 after acquiring an additional 557 shares during the period. Mutual Advisors LLC lifted its stake in Alaska Air Group by 19.6% in the fourth quarter. Mutual Advisors LLC now owns 11,256 shares of the transportation company’s stock worth $440,000 after acquiring an additional 1,846 shares during the period. Finally, CVA Family Office LLC bought a new position in Alaska Air Group during the 4th quarter worth about $74,000. Hedge funds and other 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.