Alaska Air Group (ALK) Given News Impact Rating of 0.41
Media stories about Alaska Air Group (NYSE:ALK) have been trending positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Alaska Air Group earned a daily sentiment score of 0.41 on Accern’s scale. Accern also gave news coverage about the transportation company an impact score of 46.7677575464432 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Alaska Air Group (ALK) and China Southern Airlines Company Limited (ZNH) Head to Head Survey (americanbankingnews.com)
- Ex-Dividend Reminder: Cognizant Technology Solutions, Alaska Air Group and Moody’s (nasdaq.com)
- United Continental (UAL) to Add Flights from Paine Field (finance.yahoo.com)
- E&G Advisors LP Takes Position in Alaska Air Group, Inc. (ALK) (footballhebdo.com)
- Alaska Air Group’s (ALK) July Traffic Rises, Capacity Up (zacks.com)
Shares of Alaska Air Group (NYSE ALK) traded down 0.12% during mid-day trading on Wednesday, hitting $83.81. 1,191,728 shares of the stock were exchanged. The company has a 50-day moving average price of $88.29 and a 200-day moving average price of $90.31. The stock has a market cap of $10.35 billion, a price-to-earnings ratio of 13.63 and a beta of 0.95. Alaska Air Group has a 12 month low of $64.19 and a 12 month high of $101.43.
Alaska Air Group (NYSE:ALK) last released its earnings results on Wednesday, July 26th. The transportation company reported $2.51 earnings per share for the quarter, missing the consensus estimate of $2.52 by $0.01. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.10 billion. Alaska Air Group had a net margin of 11.02% and a return on equity of 30.04%. The business’s revenue was up 40.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.12 earnings per share. Equities analysts expect that Alaska Air Group will post $7.82 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Tuesday, August 22nd will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Friday, August 18th. Alaska Air Group’s dividend payout ratio is currently 19.48%.
A number of research analysts have weighed in on ALK shares. BidaskClub cut shares of Alaska Air Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Zacks Investment Research cut shares of Alaska Air Group from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Stifel Nicolaus reiterated a “buy” rating and set a $145.00 price objective on shares of Alaska Air Group in a research report on Friday, May 26th. Cowen and Company reiterated an “outperform” rating and set a $103.00 price objective on shares of Alaska Air Group in a research report on Tuesday, June 20th. Finally, Bank of America Corporation boosted their price objective on shares of Alaska Air Group from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, June 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $105.41.
In other Alaska Air Group news, Chairman Bradley D. Tilden sold 6,500 shares of Alaska Air Group stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $88.72, for a total value of $576,680.00. Following the completion of the transaction, the chairman now directly owns 148,446 shares of the company’s stock, valued at approximately $13,170,129.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Bradley D. Tilden sold 5,600 shares of Alaska Air Group stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $94.48, for a total value of $529,088.00. Following the completion of the transaction, the chairman now directly owns 145,546 shares of the company’s stock, valued at $13,751,186.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,850 shares of company stock valued at $2,149,881. 0.57% of the stock is currently owned by corporate insiders.
Alaska Air Group Company Profile
Alaska Air Group, Inc is the holding company of Alaska Airlines (Alaska), Virgin America Inc, Horizon Air (Horizon) and other business units. The Company operates through three segments: Mainline, Regional and Horizon. Its Mainline segment includes Alaska’s and Virgin America’s scheduled air transportation for passengers and cargo throughout the United States, and in parts of Canada, Mexico, Costa Rica and Cuba.
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