Seaport Res Ptn Has Bullish Estimate for ALK FY2025 Earnings

Alaska Air Group, Inc. (NYSE:ALK) – Seaport Res Ptn raised their FY2025 earnings per share (EPS) estimates for Alaska Air Group in a research note issued to investors 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 prior forecast of $6.25. The consensus estimate for Alaska Air Group’s current full-year earnings is $6.03 per share.

Several other brokerages have also recently weighed in on ALK. Susquehanna upgraded 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. Bank of America lifted their price objective on Alaska Air Group from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Melius raised Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Monday, October 28th. JPMorgan Chase & Co. lifted their price objective on Alaska Air Group from $58.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Finally, UBS Group boosted their target price on Alaska Air Group from $81.00 to $82.00 and gave the company a “buy” rating in a research note 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, the company currently has an average rating of “Moderate Buy” and an average target price of $74.86.

Alaska Air Group Price Performance

Shares of NYSE ALK opened at $70.52 on Monday. The stock has a market cap of $8.95 billion, a PE ratio of 23.12, a price-to-earnings-growth ratio of 0.59 and a beta of 1.54. Alaska Air Group has a fifty-two week low of $32.62 and a fifty-two week high of $71.70. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.57 and a current ratio of 0.60. The stock has a fifty day moving average of $62.12 and a 200-day moving average of $48.66.

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

Insider Buying and Selling

In other news, VP Emily Halverson sold 1,329 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $64.41, for a total transaction of $85,600.89. Following the completion of the sale, the vice president now directly owns 7,150 shares of the company’s stock, valued at $460,531.50. The trade was a 15.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Andrea L. Schneider sold 3,700 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $63.50, for a total value of $234,950.00. Following the sale, the senior vice president now directly owns 21,086 shares of the company’s stock, valued at approximately $1,338,961. This trade represents a 14.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,973 shares of company stock worth $2,852,892 in the last 90 days. Company insiders own 0.68% of the company’s stock.

Institutional Trading of Alaska Air Group

Several large investors have recently bought and sold shares of ALK. Avior Wealth Management LLC boosted its stake in Alaska Air Group by 44.8% in the fourth quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 182 shares during the period. Pacific Center for Financial Services acquired a new stake in Alaska Air Group during the 3rd quarter worth about $45,000. Venturi Wealth Management LLC grew its stake in Alaska Air Group by 86.0% in the third quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 474 shares in the last quarter. Pacifica Partners Inc. raised its position in Alaska Air Group by 952.4% during the third quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company’s stock valued at $50,000 after acquiring an additional 1,000 shares in the last quarter. Finally, True Wealth Design LLC acquired a new stake in shares of Alaska Air Group in the 3rd quarter valued at $52,000. Institutional investors and hedge funds own 81.90% of the company’s stock.

About Alaska Air Group

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.