Alaska Air Group (ALK) Projected to Post Quarterly Earnings on Thursday

Alaska Air Group (NYSE:ALK - Get Free Report) will likely be announcing its earnings results before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.45 per share and revenue of $3,323,470.00 billion for the quarter. Alaska Air Group has set its FY 2024 guidance at 4.000- EPS and its Q4 2024 guidance at 0.200-0.400 EPS.Persons interested in registering for the company's earnings conference call can do so using this link.

Alaska Air Group (NYSE:ALK - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The transportation company reported $2.25 EPS for the quarter, topping 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 company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3 billion. During the same quarter last year, the firm posted $1.83 EPS. The firm's revenue was up 8.2% compared to the same quarter last year. On average, analysts expect Alaska Air Group to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Alaska Air Group Trading Up 1.2 %

Shares of Alaska Air Group stock traded up $0.80 on Thursday, hitting $67.46. 1,933,401 shares of the company traded hands, compared to its average volume of 2,648,909. 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 company has a market cap of $8.56 billion, a PE ratio of 27.20, a PEG ratio of 0.67 and a beta of 1.54. The stock's 50 day moving average price is $59.54 and its 200-day moving average price is $46.95. Alaska Air Group has a 52 week low of $32.62 and a 52 week high of $69.10.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Evercore ISI decreased their price objective on Alaska Air Group from $60.00 to $55.00 and set an "outperform" rating for the company in a report on Thursday, October 3rd. UBS Group raised their price objective on Alaska Air Group from $81.00 to $82.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. Morgan Stanley boosted their target price on shares of Alaska Air Group from $70.00 to $90.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. The Goldman Sachs Group lifted their price objective on shares of Alaska Air Group from $70.00 to $79.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Melius Research upgraded shares of Alaska Air Group from a "hold" rating to a "buy" rating and set a $56.00 target price for the company in a research note on Monday, October 28th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $70.79.

Insider Transactions at Alaska Air Group

In other Alaska Air Group news, SVP Andrea L. Schneider sold 800 shares of Alaska Air Group stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $63.89, for a total transaction of $51,112.00. Following the transaction, the senior vice president now owns 20,286 shares of the company's stock, valued at $1,296,072.54. The trade was a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Emily Halverson sold 1,329 shares of the company's stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $64.41, for a total transaction of $85,600.89. Following the completion of the sale, the vice president now owns 7,150 shares of the company's stock, valued at approximately $460,531.50. This trade represents a 15.67 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,473 shares of company stock worth $2,198,342. 0.92% of the stock is currently owned by insiders.

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.