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

Alaska Air Group (NYSE:ALK) updated its fourth quarter 2024 earnings guidance on Friday. The company provided EPS guidance of 0.400-0.500 for the period, compared to the consensus EPS 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.

Analysts Set New Price Targets

Several research analysts have recently commented on ALK shares. Susquehanna lifted 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. Citigroup lifted their target price on Alaska Air Group from $63.00 to $74.00 and gave the company a “buy” rating in a research note on Monday. UBS Group reiterated a “buy” rating and set a $72.00 price target on shares of Alaska Air Group in a research report on Tuesday, November 26th. Bank of America boosted their price objective on Alaska Air Group from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Finally, Evercore ISI cut their target price on Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $65.86.

Alaska Air Group Trading Up 4.1 %

Alaska Air Group stock opened at $64.97 on Friday. Alaska Air Group has a 12-month low of $32.62 and a 12-month high of $65.62. The stock has a market capitalization of $8.25 billion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 1.24 and a beta of 1.60. The firm has a 50 day simple moving average of $52.17 and a 200-day simple moving average of $43.62. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.60 and a quick ratio of 0.57.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Thursday, October 31st. The transportation company reported $2.25 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3 billion. During the same period last year, the firm earned $1.83 EPS. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, equities research analysts expect that Alaska Air Group will post 4.3 EPS for the current fiscal year.

Insider Buying and Selling at Alaska Air Group

In related news, VP Emily Halverson sold 1,329 shares of Alaska Air Group stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $64.41, for a total value of $85,600.89. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Andrea L. Schneider sold 3,700 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $63.50, for a total transaction of $234,950.00. Following the sale, the senior vice president now directly owns 21,086 shares of the company’s stock, valued at $1,338,961. This represents a 14.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 34,473 shares of company stock valued at $2,198,342. 0.68% of the stock is owned by insiders.

Alaska Air Group Company Profile

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.