Q4 2024 EPS Estimates for Alaska Air Group, Inc. (NYSE:ALK) Increased by Analyst

Alaska Air Group, Inc. (NYSE:ALK) – 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) 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.

Several other research firms have also recently weighed in on ALK. Citigroup decreased their price target on Alaska Air Group from $51.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Morgan Stanley decreased their target price on Alaska Air Group from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. Susquehanna dropped their price target on shares of Alaska Air Group from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Tuesday, July 16th. Bank of America lifted their price target on shares of Alaska Air Group from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Finally, TD Cowen increased their price objective on shares of Alaska Air Group from $51.00 to $52.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Alaska Air Group has an average rating of “Moderate Buy” and an average price target of $54.00.

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.