Q4 2024 Earnings Estimate for Alaska Air Group, Inc. (NYSE:ALK) Issued By Zacks Research

Alaska Air Group, Inc. (NYSE:ALK) – Analysts at Zacks Research raised their Q4 2024 earnings per share (EPS) estimates for shares of 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 previous 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.

ALK has been the subject of a number of other reports. Susquehanna decreased their price target on Alaska Air Group from $42.00 to $41.00 and set a “neutral” rating for the company in a research note on Tuesday, July 16th. Morgan Stanley decreased their price target on Alaska Air Group from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. 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. Bank of America raised their price target on 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 raised their price target on Alaska Air Group from $51.00 to $52.00 and gave the stock a “buy” rating in a research note 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $54.00.

Alaska Air Group Price Performance

Shares of ALK stock opened at $45.12 on Monday. Alaska Air Group has a 52-week low of $30.75 and a 52-week high of $46.15. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.66 and a current ratio of 0.68. The firm has a market capitalization of $5.73 billion, a P/E ratio of 24.13, a P/E/G ratio of 0.54 and a beta of 1.59. The stock has a 50 day moving average price of $37.83 and a 200 day moving average price of $40.20.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings data on Thursday, July 18th. The transportation company reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.19. The business had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.94 billion. Alaska Air Group had a return on equity of 11.85% and a net margin of 2.14%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the company earned $3.00 EPS.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. CVA Family Office LLC increased its holdings in shares of Alaska Air Group by 17.1% in the 1st quarter. CVA Family Office LLC now owns 2,230 shares of the transportation company’s stock valued at $96,000 after acquiring an additional 325 shares during the period. Parallel Advisors LLC increased its holdings in shares of Alaska Air Group by 28.4% in the 4th quarter. Parallel Advisors LLC now owns 1,688 shares of the transportation company’s stock valued at $66,000 after acquiring an additional 373 shares during the period. Gateway Investment Advisers LLC increased its holdings in shares of Alaska Air Group by 0.3% in the 1st quarter. Gateway Investment Advisers LLC now owns 153,403 shares of the transportation company’s stock valued at $6,595,000 after acquiring an additional 391 shares during the period. QRG Capital Management Inc. increased its holdings in shares of Alaska Air Group by 4.7% in the 2nd quarter. QRG Capital Management Inc. now owns 9,029 shares of the transportation company’s stock valued at $365,000 after acquiring an additional 406 shares during the period. Finally, William Blair Investment Management LLC increased its holdings in shares of Alaska Air Group by 4.0% in the 1st quarter. William Blair Investment Management LLC now owns 11,470 shares of the transportation company’s stock valued at $493,000 after acquiring an additional 436 shares during the period. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

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.