$2.18 EPS Expected for Alaska Air Group, Inc. (NYSE:ALK) This Quarter

Analysts forecast that Alaska Air Group, Inc. (NYSE:ALK) will announce earnings per share of $2.18 for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Alaska Air Group’s earnings. The highest EPS estimate is $2.41 and the lowest is $2.02. Alaska Air Group posted earnings of $1.91 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 14.1%. The firm is expected to report its next quarterly earnings report on Thursday, October 24th.

On average, analysts expect that Alaska Air Group will report full year earnings of $5.91 per share for the current fiscal year, with EPS estimates ranging from $5.56 to $6.29. For the next fiscal year, analysts anticipate that the company will post earnings of $7.03 per share, with EPS estimates ranging from $6.45 to $7.60. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Alaska Air Group.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Thursday, July 25th. The transportation company reported $2.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.11 by $0.06. Alaska Air Group had a net margin of 6.00% and a return on equity of 16.28%. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the company earned $1.66 EPS. Alaska Air Group’s quarterly revenue was up 6.1% on a year-over-year basis.

Several equities analysts recently weighed in on the stock. Imperial Capital reiterated an “in-line” rating and issued a $70.00 price target (up previously from $68.00) on shares of Alaska Air Group in a report on Tuesday, August 6th. ValuEngine downgraded shares of Alaska Air Group from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Citigroup set a $66.00 price target on shares of Alaska Air Group and gave the stock a “hold” rating in a report on Friday, July 26th. TheStreet upgraded shares of Alaska Air Group from a “c” rating to a “b” rating in a report on Thursday, July 25th. Finally, Morgan Stanley increased their price target on shares of Alaska Air Group from $76.00 to $81.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $73.36.

In other news, VP Kyle B. Levine sold 2,430 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $65.00, for a total transaction of $157,950.00. Following the sale, the vice president now owns 8,039 shares of the company’s stock, valued at approximately $522,535. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.43% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in the company. Atria Investments LLC lifted its position in shares of Alaska Air Group by 63.4% during the 2nd quarter. Atria Investments LLC now owns 5,912 shares of the transportation company’s stock valued at $354,000 after buying an additional 2,294 shares in the last quarter. BlackRock Inc. lifted its position in shares of Alaska Air Group by 1.5% during the 2nd quarter. BlackRock Inc. now owns 7,067,885 shares of the transportation company’s stock valued at $451,708,000 after buying an additional 103,191 shares in the last quarter. Griffin Asset Management Inc. purchased a new position in shares of Alaska Air Group during the 2nd quarter valued at approximately $73,000. UBS Group AG lifted its position in shares of Alaska Air Group by 11.2% during the 2nd quarter. UBS Group AG now owns 486,349 shares of the transportation company’s stock valued at $31,082,000 after buying an additional 49,116 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Alaska Air Group by 1.9% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 20,063 shares of the transportation company’s stock valued at $1,282,000 after buying an additional 383 shares in the last quarter. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Shares of NYSE:ALK opened at $66.49 on Friday. Alaska Air Group has a twelve month low of $53.39 and a twelve month high of $74.83. The company’s 50 day moving average is $61.88 and its 200 day moving average is $60.81. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.75. The company has a market cap of $8.01 billion, a PE ratio of 14.91, a price-to-earnings-growth ratio of 0.51 and a beta of 0.86.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Tuesday, August 20th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.11%. Alaska Air Group’s payout ratio is 31.39%.

Alaska Air Group Company Profile

Alaska Air Group, Inc, through its subsidiaries, provides passenger and cargo air transportation services. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 115 destinations across the United States, Mexico, Canada, and Costa Rica.

Further Reading: Market Perform

Get a free copy of the Zacks research report on Alaska Air Group (ALK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Alaska Air Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alaska Air Group and related companies with MarketBeat.com's FREE daily email newsletter.