Zacks Research Issues Negative Forecast for ALK Earnings

Alaska Air Group, Inc. (NYSE:ALK - Free Report) - Analysts at Zacks Research cut their Q1 2025 earnings estimates for shares of Alaska Air Group in a note issued to investors on Wednesday, February 5th. Zacks Research analyst M. Basu now forecasts that the transportation company will post earnings of ($0.55) per share for the quarter, down from their previous forecast of $0.73. The consensus estimate for Alaska Air Group's current full-year earnings is $6.03 per share. Zacks Research also issued estimates for Alaska Air Group's Q2 2025 earnings at $2.84 EPS, Q3 2025 earnings at $2.85 EPS, FY2025 earnings at $6.01 EPS, Q1 2026 earnings at $2.26 EPS, Q2 2026 earnings at $2.21 EPS, Q3 2026 earnings at $1.86 EPS, Q4 2026 earnings at $1.49 EPS and FY2026 earnings at $7.82 EPS.

Alaska Air Group (NYSE:ALK - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.52. Alaska Air Group had a return on equity of 14.66% and a net margin of 3.37%.

A number of other equities research analysts also recently issued reports on the company. Citigroup increased their price target on Alaska Air Group from $63.00 to $74.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Barclays upped their price objective on Alaska Air Group from $55.00 to $80.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. upped their target price on Alaska Air Group from $58.00 to $85.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. TD Cowen upped their target price on Alaska Air Group from $85.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Finally, The Goldman Sachs Group increased 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, January 14th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $74.86.

Alaska Air Group Stock Down 1.6 %

Shares of NYSE:ALK traded down $1.19 during midday trading on Monday, reaching $72.59. The company had a trading volume of 3,271,778 shares, compared to its average volume of 2,818,209. The stock has a market cap of $9.21 billion, a PE ratio of 23.80, a P/E/G ratio of 0.67 and a beta of 1.55. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 1.04. Alaska Air Group has a 1-year low of $32.62 and a 1-year high of $76.45. The business's 50 day moving average price is $67.49 and its 200 day moving average price is $51.70.

Institutional Investors Weigh In On Alaska Air Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC increased its stake in Alaska Air Group by 32.4% in the 3rd quarter. FMR LLC now owns 1,084,639 shares of the transportation company's stock worth $49,037,000 after buying an additional 265,343 shares in the last quarter. Bank of Montreal Can grew its position in shares of Alaska Air Group by 54.7% during the third quarter. Bank of Montreal Can now owns 57,577 shares of the transportation company's stock worth $2,591,000 after purchasing an additional 20,347 shares in the last quarter. Friedenthal Financial bought a new stake in Alaska Air Group during the 4th quarter valued at approximately $772,000. Entropy Technologies LP lifted its holdings in Alaska Air Group by 358.9% in the 3rd quarter. Entropy Technologies LP now owns 27,428 shares of the transportation company's stock worth $1,240,000 after purchasing an additional 21,451 shares in the last quarter. Finally, Quantbot Technologies LP boosted its stake in Alaska Air Group by 156.3% in the 3rd quarter. Quantbot Technologies LP now owns 83,777 shares of the transportation company's stock worth $3,788,000 after purchasing an additional 51,096 shares during the period. 81.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Andrew R. Harrison sold 13,880 shares of Alaska Air Group stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $64.01, for a total value of $888,458.80. Following the completion of the transaction, the executive vice president now owns 20,638 shares of the company's stock, valued at $1,321,038.38. The trade was a 40.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Muehlen Constance E. Von sold 4,000 shares of the company's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $63.09, for a total value of $252,360.00. Following the transaction, the chief operating officer now directly owns 12,162 shares in the company, valued at approximately $767,300.58. The trade was a 24.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 160,441 shares of company stock worth $11,247,722. Corporate 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.