Alaska Air Group (NYSE:ALK) Announces Earnings Results

Alaska Air Group (NYSE:ALK) announced its earnings results on Wednesday. The transportation company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.45 by $0.52, Zacks reports. Alaska Air Group had a net margin of 2.99% and a return on equity of 12.81%. Alaska Air Group updated its Q1 2025 guidance to -0.700–0.500 EPS.

Alaska Air Group Trading Down 2.3 %

Shares of NYSE:ALK opened at $67.28 on Thursday. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $8.54 billion, a PE ratio of 27.13, a P/E/G ratio of 0.61 and a beta of 1.54. Alaska Air Group has a 1 year low of $32.62 and a 1 year high of $70.21. The firm has a fifty day moving average price of $61.13 and a 200 day moving average price of $47.91.

Insider Buying and Selling at Alaska Air Group

In other Alaska Air Group news, VP Emily Halverson sold 1,329 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $64.41, for a total transaction of $85,600.89. Following the transaction, the vice president now owns 7,150 shares in the company, valued at $460,531.50. This trade represents a 15.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Joseph A. Sprague sold 2,325 shares of Alaska Air Group stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $64.38, for a total transaction of $149,683.50. Following the completion of the transaction, the chief executive officer now directly owns 19,340 shares in the company, valued at approximately $1,245,109.20. This represents a 10.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,473 shares of company stock worth $2,198,342 over the last three months. Corporate insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on ALK shares. JPMorgan Chase & Co. boosted their target price on shares of Alaska Air Group from $58.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Evercore ISI dropped their price target 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. Morgan Stanley raised their price objective on Alaska Air Group from $70.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. The Goldman Sachs Group upped their target price on Alaska Air Group from $70.00 to $79.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Finally, TD Cowen raised their price target on shares of Alaska Air Group from $68.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.57.

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.