Alaska Air Group, Inc. (ALK) Expected to Post FY2017 Earnings of $6.72 Per Share

Alaska Air Group, Inc. (NYSE:ALK) – Imperial Capital lowered their FY2017 earnings estimates for shares of Alaska Air Group in a report issued on Thursday. Imperial Capital analyst M. Derchin now anticipates that the transportation company will earn $6.72 per share for the year, down from their prior forecast of $6.94. Imperial Capital has a “line” rating and a $70.00 price objective on the stock. Imperial Capital also issued estimates for Alaska Air Group’s Q1 2018 earnings at $0.41 EPS, Q2 2018 earnings at $1.94 EPS, Q4 2018 earnings at $1.11 EPS and FY2018 earnings at $5.50 EPS.

Several other equities analysts have also recently weighed in on ALK. Barclays reissued a “buy” rating on shares of Alaska Air Group in a research note on Thursday, September 14th. Standpoint Research initiated coverage on shares of Alaska Air Group in a research report on Monday, December 18th. They set a “buy” rating and a $90.00 price objective for the company. Cowen reduced their price objective on shares of Alaska Air Group from $100.00 to $89.00 and set an “outperform” rating for the company in a research report on Thursday, October 26th. Buckingham Research reduced their price objective on shares of Alaska Air Group from $98.00 to $91.00 and set a “buy” rating for the company in a research report on Thursday, October 26th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Alaska Air Group in a research report on Monday, September 18th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $91.18.

Alaska Air Group (NYSE ALK) opened at $74.28 on Friday. Alaska Air Group has a 52 week low of $61.10 and a 52 week 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 firm has a market cap of $9,140.00, a price-to-earnings ratio of 11.90 and a beta of 1.03.

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

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 7th. Stockholders of record on Tuesday, November 21st were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, November 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.62%. Alaska Air Group’s payout ratio is presently 19.23%.

In other news, CEO David L. Campbell sold 4,934 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $68.00, for a total value of $335,512.00. Following the completion of the sale, the chief executive officer now owns 9,648 shares of the company’s stock, valued at $656,064. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Andrew R. Harrison sold 540 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $65.53, for a total transaction of $35,386.20. Following the completion of the sale, the executive vice president now directly owns 20,788 shares of the company’s stock, valued at approximately $1,362,237.64. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

Several institutional investors have recently made changes to their positions in ALK. Schroder Investment Management Group raised its stake in Alaska Air Group by 41.2% in the second quarter. Schroder Investment Management Group now owns 773,245 shares of the transportation company’s stock valued at $68,897,000 after purchasing an additional 225,600 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Alaska Air Group by 78.0% in the second quarter. JPMorgan Chase & Co. now owns 805,723 shares of the transportation company’s stock valued at $72,323,000 after purchasing an additional 353,166 shares in the last quarter. Legal & General Group Plc raised its stake in Alaska Air Group by 11.3% in the second quarter. Legal & General Group Plc now owns 161,010 shares of the transportation company’s stock valued at $14,453,000 after purchasing an additional 16,407 shares in the last quarter. Financial Engines Advisors L.L.C. raised its stake in Alaska Air Group by 3.9% in the third quarter. Financial Engines Advisors L.L.C. now owns 43,883 shares of the transportation company’s stock valued at $3,347,000 after purchasing an additional 1,650 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in Alaska Air Group by 149.3% in the second quarter. Principal Financial Group Inc. now owns 1,230,588 shares of the transportation company’s stock valued at $110,457,000 after purchasing an additional 737,020 shares in the last quarter. 88.57% of the stock is owned by institutional investors.

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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.

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

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