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

Alaska Air Group (NYSE:ALK - Get Free Report) 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.

Alaska Air Group Stock Up 1.6 %

Shares of ALK stock traded up $1.05 during trading hours on Friday, hitting $66.02. 7,045,681 shares of the company's stock traded hands, compared to its average volume of 2,326,302. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 0.93. The stock has a market cap 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 stock's fifty day simple moving average is $52.17 and its two-hundred day simple moving average is $43.62. Alaska Air Group has a 12-month low of $32.62 and a 12-month high of $66.81.

Alaska Air Group (NYSE:ALK - Get Free Report) last released its 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 return on equity of 12.81% and a net margin of 2.99%. The business had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3 billion. During the same period in the previous year, the company posted $1.83 earnings per share. The company's revenue for the quarter was up 8.2% compared to the same quarter last year. On average, analysts expect that Alaska Air Group will post 4.3 EPS for the current year.

Analysts Set New Price Targets

ALK has been the subject of several recent analyst reports. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $70.00 target price on shares of Alaska Air Group in a report on Friday, November 15th. UBS Group restated a "buy" rating and issued a $72.00 price objective on shares of Alaska Air Group in a report on Tuesday, November 26th. Susquehanna lifted their target price on Alaska Air Group from $40.00 to $45.00 and gave the stock a "neutral" rating in a report on Wednesday, October 9th. Citigroup boosted their price target on Alaska Air Group from $63.00 to $74.00 and gave the stock a "buy" rating in a research note on Monday. Finally, Melius Research raised Alaska Air Group from a "hold" rating to a "buy" rating and set a $56.00 price objective on the stock in a research report on Monday, October 28th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $65.86.

Insider Buying and Selling at Alaska Air Group

In related news, VP Emily Halverson sold 1,329 shares of the business's 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 completion of the transaction, the vice president now directly owns 7,150 shares in the company, valued at approximately $460,531.50. The trade was a 15.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Shane R. Tackett sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $63.56, for a total transaction of $317,800.00. Following the sale, the chief financial officer now owns 27,362 shares in the company, valued at approximately $1,739,128.72. The trade was a 15.45 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,473 shares of company stock valued at $2,198,342. 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.