Wall Street brokerages expect that Alaska Air Group, Inc. (NYSE:ALK) will announce sales of $1.88 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Alaska Air Group’s earnings, with estimates ranging from $1.87 billion to $1.93 billion. Alaska Air Group reported sales of $1.83 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.7%. The business is expected to announce its next earnings results on Monday, April 22nd.

On average, analysts expect that Alaska Air Group will report full-year sales of $8.73 billion for the current financial year, with estimates ranging from $8.61 billion to $8.89 billion. For the next financial year, analysts forecast that the company will report sales of $9.28 billion, with estimates ranging from $9.08 billion to $9.46 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Alaska Air Group.

Alaska Air Group (NYSE:ALK) last announced its earnings results on Thursday, January 24th. The transportation company reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.02. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.06 billion. Alaska Air Group had a return on equity of 15.20% and a net margin of 5.29%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.83 EPS.

Several brokerages have commented on ALK. Imperial Capital reaffirmed an “outperform” rating and set a $90.00 target price on shares of Alaska Air Group in a report on Tuesday, January 15th. TheStreet downgraded Alaska Air Group from a “b-” rating to a “c” rating in a research note on Thursday, January 24th. Macquarie raised Alaska Air Group from a “neutral” rating to an “outperform” rating and set a $63.48 price objective on the stock in a research note on Monday, January 28th. Zacks Investment Research raised Alaska Air Group from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research note on Tuesday, December 11th. Finally, Cowen reissued an “outperform” rating and issued a $84.00 price objective (up from $80.00) on shares of Alaska Air Group in a research note on Wednesday, November 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $76.97.

ALK traded up $0.40 during midday trading on Tuesday, hitting $55.89. 21,073 shares of the company were exchanged, compared to its average volume of 1,779,010. The company has a market capitalization of $6.83 billion, a PE ratio of 12.53, a PEG ratio of 0.34 and a beta of 0.82. Alaska Air Group has a 1-year low of $53.70 and a 1-year high of $74.83. The company has a current ratio of 0.61, a quick ratio of 0.59 and a debt-to-equity ratio of 0.43.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Tuesday, February 19th were paid a dividend of $0.35 per share. This is an increase from Alaska Air Group’s previous quarterly dividend of $0.32. This represents a $1.40 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date was Friday, February 15th. Alaska Air Group’s dividend payout ratio is 31.39%.

In other Alaska Air Group news, VP Brandon Pedersen sold 4,026 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $62.00, for a total transaction of $249,612.00. Following the completion of the sale, the vice president now directly owns 26,524 shares of the company’s stock, valued at approximately $1,644,488. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher Michael Berry sold 750 shares of the business’s stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $67.14, for a total value of $50,355.00. Following the sale, the vice president now directly owns 1,233 shares of the company’s stock, valued at $82,783.62. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,776 shares of company stock worth $551,687. 0.56% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of ALK. We Are One Seven LLC bought a new stake in Alaska Air Group during the 4th quarter worth approximately $34,000. North Star Investment Management Corp. bought a new position in shares of Alaska Air Group in the fourth quarter valued at approximately $49,000. Enlightenment Research LLC bought a new position in shares of Alaska Air Group in the fourth quarter valued at approximately $61,000. Legacy Financial Advisors Inc. grew its holdings in shares of Alaska Air Group by 134.4% in the fourth quarter. Legacy Financial Advisors Inc. now owns 1,261 shares of the transportation company’s stock valued at $77,000 after acquiring an additional 723 shares in the last quarter. Finally, Bremer Trust National Association bought a new position in shares of Alaska Air Group in the fourth quarter valued at approximately $94,000. 88.26% of the stock is owned by hedge funds and other institutional investors.

About Alaska Air Group

Alaska Air Group, Inc, through its subsidiaries, provides passengers and cargo air transportation services. It also focuses on providing ground and ramp handling services to airlines. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 118 destinations across the United States, Mexico, Canada, and Costa Rica.

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