Seaport Res Ptn Has Positive Outlook for ALK FY2025 Earnings

Alaska Air Group, Inc. (NYSE:ALK) – Stock analysts at Seaport Res Ptn raised their FY2025 EPS estimates for shares of Alaska Air Group in a report issued 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 previous estimate of $6.25. The consensus estimate for Alaska Air Group’s current full-year earnings is $6.03 per share.

A number of other research firms also recently issued reports on ALK. Susquehanna raised Alaska Air Group from a “neutral” rating to a “positive” rating and set a $95.00 price target for the company in a research report on Tuesday, January 7th. Citigroup raised their price target on shares of Alaska Air Group from $63.00 to $74.00 and gave the company a “buy” rating in a report on Monday, December 16th. Evercore ISI dropped 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 report on Thursday, October 3rd. Morgan Stanley lifted their target price on shares of Alaska Air Group from $70.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Finally, UBS Group increased their price objective on shares of Alaska Air Group from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $74.86.

Alaska Air Group Stock Up 1.4 %

Shares of ALK opened at $71.41 on Monday. The firm has a market cap of $9.07 billion, a PE ratio of 23.41, a price-to-earnings-growth ratio of 0.59 and a beta of 1.54. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 0.93. The company’s fifty day moving average is $62.48 and its two-hundred day moving average is $48.90. Alaska Air Group has a fifty-two week low of $32.62 and a fifty-two week high of $71.70.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.52. Alaska Air Group had a net margin of 3.37% and a return on equity of 14.78%.

Institutional Investors Weigh In On Alaska Air Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Hennessy Advisors Inc. purchased a new position in shares of Alaska Air Group in the fourth quarter worth approximately $82,459,000. Assenagon Asset Management S.A. lifted its position in Alaska Air Group by 2,087.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 762,889 shares of the transportation company’s stock worth $34,490,000 after buying an additional 728,019 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Alaska Air Group during the 3rd quarter valued at $26,390,000. Charles Schwab Investment Management Inc. increased its stake 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 worth $64,300,000 after acquiring an additional 442,331 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Alaska Air Group by 32.4% during the third quarter. FMR LLC now owns 1,084,639 shares of the transportation company’s stock worth $49,037,000 after acquiring an additional 265,343 shares in the last quarter. 81.90% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Alaska Air Group

In other news, CEO Joseph A. Sprague sold 9,500 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $68.90, for a total value of $654,550.00. Following the completion of the sale, the chief executive officer now directly owns 9,840 shares of the company’s stock, valued at approximately $677,976. This represents a 49.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Muehlen Constance E. Von sold 4,000 shares of Alaska Air Group stock in a transaction on Friday, December 13th. The shares were sold at an average price of $63.09, for a total value of $252,360.00. Following the transaction, the chief operating officer now owns 12,162 shares in the company, valued at approximately $767,300.58. This trade represents a 24.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,973 shares of company stock worth $2,852,892 over the last ninety days. Company insiders own 0.68% 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.