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

Alaska Air Group, Inc. (NYSE:ALK) – Research analysts at Seaport Res Ptn increased their FY2025 earnings per share estimates for shares of Alaska Air Group in a report released on Thursday, January 23rd. Seaport Res Ptn analyst D. Mckenzie now anticipates that the transportation company will post earnings per share of $6.30 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 quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.52. Alaska Air Group had a return on equity of 14.78% and a net margin of 3.37%.

Other analysts also recently issued research reports about the stock. Evercore ISI decreased their price objective on shares of Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. TD Cowen upped their price target on shares of Alaska Air Group from $85.00 to $110.00 and gave the stock a “buy” rating in a report on Friday. Susquehanna raised Alaska Air Group from a “neutral” rating to a “positive” rating and set a $95.00 price target on the stock in a research report on Tuesday, January 7th. UBS Group lifted their price objective on Alaska Air Group from $81.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Finally, Morgan Stanley increased their target price on Alaska Air Group from $70.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $74.86.

Alaska Air Group Price Performance

Shares of Alaska Air Group stock opened at $69.90 on Monday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.57 and a current ratio of 0.60. The stock has a 50 day moving average price of $61.76 and a 200-day moving average price of $48.43. The stock has a market cap of $8.87 billion, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 0.59 and a beta of 1.54. Alaska Air Group has a one year low of $32.62 and a one year high of $71.70.

Institutional Trading of Alaska Air Group

Institutional investors have recently modified their holdings of the business. Point72 Asset Management L.P. increased its position in shares of Alaska Air Group by 8.0% in the second quarter. Point72 Asset Management L.P. now owns 2,969,295 shares of the transportation company’s stock valued at $119,960,000 after buying an additional 220,030 shares in the last quarter. Geode Capital Management LLC raised its position in Alaska Air Group by 3.9% during the third quarter. Geode Capital Management LLC now owns 2,061,596 shares of the transportation company’s stock worth $93,229,000 after acquiring an additional 78,186 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Alaska Air Group by 0.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,593,756 shares of the transportation company’s stock valued at $72,054,000 after purchasing an additional 6,977 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Alaska Air Group by 45.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,422,247 shares of the transportation company’s stock valued at $64,300,000 after purchasing an additional 442,331 shares during the last quarter. Finally, Hennessy Advisors Inc. purchased a new position in shares of Alaska Air Group during the 4th quarter worth approximately $82,459,000. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Alaska Air Group news, SVP Andrea L. Schneider sold 3,700 shares of Alaska Air Group stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $63.50, for a total value of $234,950.00. Following the transaction, the senior vice president now directly owns 21,086 shares in the company, valued at approximately $1,338,961. This trade represents a 14.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Joseph A. Sprague sold 2,325 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $64.38, for a total value of $149,683.50. Following the sale, the chief executive officer now directly owns 19,340 shares of the company’s stock, valued at approximately $1,245,109.20. This represents a 10.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,473 shares of company stock worth $2,198,342. 0.68% of the stock is currently owned by company insiders.

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.