Alaska Air Group, Inc. (ALK) Issues Quarterly Earnings Results

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

Shares of Alaska Air Group (ALK) traded up $0.04 during mid-day trading on Friday, reaching $62.42. The company’s stock had a trading volume of 1,672,200 shares, compared to its average volume of 1,455,260. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.78 and a current ratio of 0.80. Alaska Air Group has a 12 month low of $61.36 and a 12 month high of $101.43. The firm has a market capitalization of $7,675.54, a P/E ratio of 8.48 and a beta of 1.01.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Tuesday, November 21st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Monday, November 20th. Alaska Air Group’s dividend payout ratio is currently 19.26%.

ALK has been the subject of a number of research analyst reports. Imperial Capital decreased their target price on Alaska Air Group from $85.00 to $70.00 and set a “line” rating for the company in a research report on Thursday, October 26th. BidaskClub downgraded Alaska Air Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Morgan Stanley reissued an “overweight” rating on shares of Alaska Air Group in a research note on Tuesday, September 12th. ValuEngine downgraded Alaska Air Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Bank of America Corporation dropped their price objective on Alaska Air Group from $100.00 to $96.00 and set a “buy” rating for the company in a research note on Friday, October 13th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $92.34.

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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.

Earnings History for Alaska Air Group (NYSE:ALK)

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