Alaska Air Group (NYSE:ALK) Issues FY25 Earnings Guidance

Alaska Air Group (NYSE:ALK - Get Free Report) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided EPS guidance of at least $5.75 for the period, compared to the consensus EPS estimate of $5.55. Alaska Air Group also updated its FY 2025 guidance to 5.750- EPS.

Alaska Air Group Stock Up 13.2 %

NYSE:ALK traded up $7.16 during trading hours on Tuesday, hitting $61.32. The company's stock had a trading volume of 7,564,961 shares, compared to its average volume of 2,261,451. The stock has a market capitalization of $7.78 billion, a P/E ratio of 24.55, a price-to-earnings-growth ratio of 1.23 and a beta of 1.60. 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 fifty day moving average of $48.97 and a 200-day moving average of $42.44. Alaska Air Group has a 52-week low of $32.62 and a 52-week high of $63.90.

Alaska Air Group (NYSE:ALK - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The transportation company reported $2.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.22 by $0.03. The firm had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3 billion. Alaska Air Group had a return on equity of 12.81% and a net margin of 2.99%. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.83 earnings per share. On average, equities analysts forecast that Alaska Air Group will post 4.26 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ALK shares. Susquehanna increased their price target on shares of Alaska Air Group from $40.00 to $45.00 and gave the company a "neutral" rating in a report on Wednesday, October 9th. UBS Group reaffirmed a "buy" rating and issued a $72.00 price objective on shares of Alaska Air Group in a research note on Tuesday, November 26th. Bank of America upped their target price on Alaska Air Group from $50.00 to $55.00 and gave the company a "buy" rating in a report on Friday, September 13th. Evercore ISI cut their price target on Alaska Air Group from $60.00 to $55.00 and set an "outperform" rating for the company in a research note on Thursday, October 3rd. Finally, TD Cowen raised their target price on shares of Alaska Air Group from $50.00 to $68.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.08.

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.