$1.88 Billion in Sales Expected for Alaska Air Group, Inc. (ALK) This Quarter

Wall Street analysts expect Alaska Air Group, Inc. (NYSE:ALK) to report $1.88 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Alaska Air Group’s earnings, with the lowest sales estimate coming in at $1.86 billion and the highest estimate coming in at $1.93 billion. Alaska Air Group posted sales of $1.83 billion in the same quarter last year, which would indicate a positive year over year growth rate of 2.7%. The company is scheduled to issue its next quarterly earnings report after the market closes on Thursday, April 25th.

According to Zacks, analysts expect that Alaska Air Group will report full-year sales of $8.71 billion for the current year, with estimates ranging from $8.64 billion to $8.83 billion. For the next fiscal year, analysts anticipate that the business will post sales of $9.28 billion, with estimates ranging from $9.08 billion to $9.47 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Alaska Air Group.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Thursday, January 24th. The transportation company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.02. Alaska Air Group had a return on equity of 15.20% and a net margin of 5.29%. The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter last year, the firm posted $0.83 EPS. The company’s revenue was up 6.3% compared to the same quarter last year.

Several analysts have weighed in on the company. Bank of America reaffirmed a “neutral” rating and issued a $62.00 price target (down previously from $70.00) on shares of Alaska Air Group in a report on Thursday, April 4th. Zacks Investment Research raised Alaska Air Group from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a report on Monday, December 31st. ValuEngine raised Alaska Air Group from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Imperial Capital reissued an “outperform” rating and set a $90.00 price objective (down from $93.00) on shares of Alaska Air Group in a report on Monday, January 28th. Finally, Vertical Research assumed coverage on Alaska Air Group in a report on Monday, February 4th. They set a “hold” rating on the stock. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Alaska Air Group presently has an average rating of “Buy” and a consensus price target of $76.37.

In related news, VP Brandon Pedersen sold 4,026 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $62.00, for a total transaction of $249,612.00. Following the transaction, the vice president now directly owns 26,524 shares in the company, valued at approximately $1,644,488. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Andrew R. Harrison sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $62.93, for a total value of $251,720.00. Following the transaction, the executive vice president now owns 22,167 shares in the company, valued at $1,394,969.31. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,776 shares of company stock worth $551,687. 0.43% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC grew its position in Alaska Air Group by 0.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 22,600 shares of the transportation company’s stock worth $1,375,000 after acquiring an additional 200 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in Alaska Air Group by 1.1% during the 4th quarter. Oppenheimer & Co. Inc. now owns 17,713 shares of the transportation company’s stock worth $1,078,000 after acquiring an additional 200 shares during the last quarter. Dupont Capital Management Corp grew its position in Alaska Air Group by 14.9% during the 4th quarter. Dupont Capital Management Corp now owns 1,667 shares of the transportation company’s stock worth $101,000 after acquiring an additional 216 shares during the last quarter. Auxier Asset Management grew its position in Alaska Air Group by 2.4% during the 3rd quarter. Auxier Asset Management now owns 12,815 shares of the transportation company’s stock worth $882,000 after acquiring an additional 300 shares during the last quarter. Finally, Private Advisor Group LLC grew its position in Alaska Air Group by 7.2% during the 4th quarter. Private Advisor Group LLC now owns 4,569 shares of the transportation company’s stock worth $278,000 after acquiring an additional 306 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

Shares of NYSE:ALK traded up $0.93 on Thursday, hitting $59.71. The company’s stock had a trading volume of 2,049,076 shares, compared to its average volume of 1,716,065. Alaska Air Group has a 1 year low of $53.39 and a 1 year high of $74.83. The stock has a market cap of $7.15 billion, a P/E ratio of 13.39 and a beta of 0.81. The company has a quick ratio of 0.59, a current ratio of 0.61 and a debt-to-equity ratio of 0.43.

Alaska Air Group Company Profile

Alaska Air Group, Inc, through its subsidiaries, provides passengers and cargo air transportation services. It also focuses on providing ground and ramp handling services to airlines. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 118 destinations across the United States, Mexico, Canada, and Costa Rica.

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