What is Seaport Res Ptn’s Estimate for ALK FY2025 Earnings?

Alaska Air Group, Inc. (NYSE:ALK) – Equities researchers at Seaport Res Ptn boosted their FY2025 earnings per share estimates for Alaska Air Group in a report released on Thursday, January 23rd. Seaport Res Ptn analyst D. Mckenzie now anticipates that the transportation company will earn $6.30 per share for the year, up from their prior forecast of $6.25. The consensus estimate for Alaska Air Group’s current full-year earnings is $6.03 per share.

Alaska Air Group (NYSE:ALK) last posted its earnings results on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.52. Alaska Air Group had a net margin of 3.37% and a return on equity of 14.78%.

Several other equities analysts have also recently commented on the company. Citigroup upped their price target on Alaska Air Group from $63.00 to $74.00 and gave the company a “buy” rating in a report on Monday, December 16th. 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 report on Monday, October 28th. JPMorgan Chase & Co. lifted their target price on Alaska Air Group from $58.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Bank of America lifted their price objective on Alaska Air Group from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Finally, The Goldman Sachs Group lifted their price target 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $74.86.

Alaska Air Group Trading Up 1.4 %

Shares of ALK stock opened at $71.41 on Monday. The firm’s fifty day simple moving average is $62.48 and its 200 day simple moving average is $48.90. The firm has a market capitalization of $9.07 billion, a P/E ratio of 23.41, a price-to-earnings-growth ratio of 0.59 and a beta of 1.54. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 0.93. Alaska Air Group has a 1 year low of $32.62 and a 1 year high of $71.70.

Insider Buying and Selling at Alaska Air Group

In related news, EVP Andrew R. Harrison sold 13,880 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $64.01, for a total transaction of $888,458.80. Following the completion of the transaction, the executive vice president now directly owns 20,638 shares in the company, valued at approximately $1,321,038.38. This trade represents a 40.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Emily Halverson sold 1,329 shares of Alaska Air Group stock in a transaction that occurred 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 in the company, valued at $460,531.50. This trade represents a 15.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,973 shares of company stock valued at $2,852,892. 0.68% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Alaska Air Group

Several hedge funds and other institutional investors have recently made changes to their positions in ALK. Avior Wealth Management LLC grew its position in shares of Alaska Air Group by 44.8% in the 4th quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 182 shares during the period. Pacific Center for Financial Services acquired a new position in Alaska Air Group during the third quarter worth approximately $45,000. Venturi Wealth Management LLC lifted its holdings in Alaska Air Group by 86.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 474 shares during the last quarter. Pacifica Partners Inc. boosted its holdings in shares of Alaska Air Group by 952.4% during the 3rd quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company’s stock worth $50,000 after buying an additional 1,000 shares during the period. Finally, True Wealth Design LLC bought a new position in Alaska Air Group in the 3rd quarter valued at about $52,000. 81.90% of the stock is owned by institutional investors.

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.