Equities analysts expect Alaska Air Group, Inc. (NYSE:ALK) to report earnings of $1.00 per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Alaska Air Group’s earnings. The lowest EPS estimate is $0.89 and the highest is $1.14. Alaska Air Group posted earnings per share of $1.56 during the same quarter last year, which would suggest a negative year over year growth rate of 35.9%. The company is expected to issue its next earnings results on Wednesday, February 14th.

On average, analysts expect that Alaska Air Group will report full-year earnings of $6.80 per share for the current year, with EPS estimates ranging from $6.69 to $6.94. For the next year, analysts expect that the business will post earnings of $6.42 per share, with EPS estimates ranging from $5.75 to $7.00. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Alaska Air Group.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Wednesday, October 25th. The transportation company reported $2.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.26 by ($0.02). The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.13 billion. Alaska Air Group had a net margin of 10.34% and a return on equity of 28.74%. The firm’s revenue for the quarter was up 35.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.20 earnings per share.

Several analysts have recently commented on the stock. J P Morgan Chase & Co downgraded shares of Alaska Air Group from an “overweight” rating to a “neutral” rating and set a $74.00 price objective on the stock. in a research report on Wednesday, November 1st. Buckingham Research decreased their price objective on shares of Alaska Air Group from $98.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, October 26th. Barclays PLC decreased their price objective on shares of Alaska Air Group from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, October 26th. Deutsche Bank AG reduced their price target on shares of Alaska Air Group from $99.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. Finally, Morgan Stanley lifted their price target on shares of Alaska Air Group from $83.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $92.34.

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Several hedge funds have recently added to or reduced their stakes in ALK. Vanguard Group Inc. boosted its position in Alaska Air Group by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 11,829,247 shares of the transportation company’s stock valued at $1,061,794,000 after buying an additional 261,887 shares during the period. Egerton Capital UK LLP boosted its position in Alaska Air Group by 51.6% in the 3rd quarter. Egerton Capital UK LLP now owns 4,476,494 shares of the transportation company’s stock valued at $341,422,000 after buying an additional 1,524,149 shares during the period. Franklin Resources Inc. boosted its position in Alaska Air Group by 4.6% in the 2nd quarter. Franklin Resources Inc. now owns 3,348,411 shares of the transportation company’s stock valued at $300,554,000 after buying an additional 148,061 shares during the period. Principal Financial Group Inc. boosted its position in Alaska Air Group by 22.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,510,663 shares of the transportation company’s stock valued at $115,218,000 after buying an additional 280,075 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Alaska Air Group by 10.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,491,104 shares of the transportation company’s stock valued at $133,835,000 after buying an additional 145,328 shares during the period. 89.33% of the stock is owned by hedge funds and other institutional investors.

Shares of Alaska Air Group (NYSE:ALK) traded up $0.04 during mid-day trading on Friday, hitting $62.42. 1,672,200 shares of the stock traded hands, compared to its average volume of 1,455,260. The company has a market cap of $7,680.46, a P/E ratio of 8.48 and a beta of 1.01. Alaska Air Group has a 12-month low of $61.36 and a 12-month high of $101.43. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 0.68.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Tuesday, November 21st will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, November 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.92%. Alaska Air Group’s dividend payout ratio is presently 19.26%.

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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Earnings History and Estimates for Alaska Air Group (NYSE:ALK)

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