Alaska Air Group, Inc. (NYSE:ALK – Free Report) – Zacks Research increased their Q4 2024 earnings per share estimates for Alaska Air Group in a research note issued on Wednesday, September 25th. Zacks Research analyst M. Basu now expects that the transportation company will post earnings per share of $0.93 for the quarter, up from their prior forecast of $0.91. The consensus estimate for Alaska Air Group’s current full-year earnings is $4.62 per share. Zacks Research also issued estimates for Alaska Air Group’s Q1 2025 earnings at $0.15 EPS, Q3 2025 earnings at $1.88 EPS, FY2025 earnings at $6.07 EPS, Q1 2026 earnings at $1.09 EPS, Q2 2026 earnings at $2.26 EPS and FY2026 earnings at $7.26 EPS.
Alaska Air Group (NYSE:ALK – Get Free Report) last released its earnings results on Thursday, July 18th. The transportation company reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.19. The company had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Alaska Air Group had a return on equity of 11.85% and a net margin of 2.14%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.00 EPS.
Check Out Our Latest Report on Alaska Air Group
Alaska Air Group Stock Up 1.2 %
Shares of Alaska Air Group stock opened at $45.00 on Monday. Alaska Air Group has a 1 year low of $30.75 and a 1 year high of $46.15. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.68 and a quick ratio of 0.66. The company has a 50-day moving average of $37.56 and a 200 day moving average of $40.11. The firm has a market cap of $5.71 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 0.54 and a beta of 1.59.
Institutional Trading of Alaska Air Group
A number of hedge funds and other institutional investors have recently bought and sold shares of ALK. Dimensional Fund Advisors LP grew its holdings in Alaska Air Group by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,504,583 shares of the transportation company’s stock valued at $262,789,000 after buying an additional 357,907 shares in the last quarter. Boston Partners grew its stake in shares of Alaska Air Group by 4.1% in the 1st quarter. Boston Partners now owns 3,966,594 shares of the transportation company’s stock worth $170,533,000 after buying an additional 155,403 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Alaska Air Group by 8.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,969,295 shares of the transportation company’s stock worth $119,960,000 after buying an additional 220,030 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Alaska Air Group by 8.3% in the 2nd quarter. American Century Companies Inc. now owns 1,590,078 shares of the transportation company’s stock worth $64,239,000 after buying an additional 122,325 shares during the last quarter. Finally, Clearbridge Investments LLC raised its position in shares of Alaska Air Group by 8.6% during the 1st quarter. Clearbridge Investments LLC now owns 1,063,379 shares of the transportation company’s stock valued at $45,715,000 after buying an additional 83,868 shares in the last quarter. Hedge funds and other institutional investors own 81.90% of the company’s stock.
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.
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