Alaska Air Group (NYSE:ALK) Releases Q4 2024 Earnings Guidance

Alaska Air Group (NYSE:ALK) issued an update on its fourth quarter 2024 earnings guidance on Friday morning. The company provided earnings per share guidance of 0.400-0.500 for the period, compared to the consensus earnings per share estimate of 0.350. The company issued revenue guidance of -. Alaska Air Group also updated its FY 2024 guidance to 4.250-4.500 EPS.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ALK shares. Bank of America boosted their target price on shares of Alaska Air Group from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Evercore ISI decreased their target price on Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating on the stock in a research report on Thursday, October 3rd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $70.00 price target on shares of Alaska Air Group in a research note on Friday, November 15th. TD Cowen increased their price objective on Alaska Air Group from $68.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, Susquehanna raised their price objective on Alaska Air Group from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $65.86.

Alaska Air Group Stock Up 1.6 %

Shares of NYSE:ALK opened at $66.02 on Friday. Alaska Air Group has a 12-month low of $32.62 and a 12-month high of $66.81. The company has a market capitalization of $8.38 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 1.24 and a beta of 1.60. The business has a 50-day moving average price of $52.60 and a 200 day moving average price of $43.79. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 0.93.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.25 EPS for the quarter, beating the consensus estimate of $2.22 by $0.03. Alaska Air Group had a net margin of 2.99% and a return on equity of 12.81%. The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3 billion. During the same quarter last year, the firm posted $1.83 earnings per share. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. Sell-side analysts expect that Alaska Air Group will post 4.3 EPS for the current year.

Insider Activity at Alaska Air Group

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

About Alaska Air Group

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.