Alaska Air Group, Inc. (NYSE:ALK) – Research analysts at Imperial Capital upped their Q1 2018 earnings per share estimates for Alaska Air Group in a research report issued to clients and investors on Wednesday. Imperial Capital analyst M. Derchin now anticipates that the transportation company will post earnings per share of $0.50 for the quarter, up from their previous forecast of $0.41. Imperial Capital currently has a “line” rating and a $70.00 target price on the stock. Imperial Capital also issued estimates for Alaska Air Group’s Q2 2018 earnings at $2.23 EPS, Q3 2018 earnings at $2.36 EPS, Q4 2018 earnings at $1.15 EPS and FY2018 earnings at $6.25 EPS.
Alaska Air Group (NYSE:ALK) last released its quarterly 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). The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Alaska Air Group had a net margin of 10.34% and a return on equity of 28.74%. The business’s quarterly revenue was up 35.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.20 EPS.
Alaska Air Group (NYSE ALK) opened at $68.88 on Friday. The company has a market capitalization of $8,480.00, a P/E ratio of 11.04, a PEG ratio of 4.87 and a beta of 1.03. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 0.68. Alaska Air Group has a 1-year low of $61.10 and a 1-year high of $101.43.
Several hedge funds have recently modified their holdings of ALK. Mercer Capital Advisers Inc. bought a new stake in shares of Alaska Air Group during the 3rd quarter worth approximately $116,000. Mountain Capital Investment Advisors Inc bought a new stake in shares of Alaska Air Group during the 2nd quarter worth approximately $122,000. Bank of Nova Scotia Trust Co. bought a new stake in shares of Alaska Air Group during the 3rd quarter worth approximately $153,000. Harbour Capital Advisors LLC bought a new stake in shares of Alaska Air Group during the 3rd quarter worth approximately $200,000. Finally, Tocqueville Asset Management L.P. bought a new stake in shares of Alaska Air Group during the 3rd quarter worth approximately $207,000. 88.61% of the stock is owned by hedge funds and other institutional investors.
In related news, EVP Andrew R. Harrison sold 540 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David L. Campbell sold 4,934 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $68.00, for a total value of $335,512.00. Following the sale, the chief executive officer now directly owns 9,648 shares of the company’s stock, valued at $656,064. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by company insiders.
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About Alaska Air Group
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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