Alaska Air Group (NYSE:ALK) Issues Quarterly Earnings Results

Alaska Air Group (NYSE:ALK) posted its earnings results on Wednesday. The transportation company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.52, Zacks reports. Alaska Air Group had a return on equity of 12.81% and a net margin of 2.99%. Alaska Air Group updated its Q1 2025 guidance to -0.700–0.500 EPS.

Alaska Air Group Trading Down 2.3 %

ALK traded down $1.60 during trading on Wednesday, reaching $67.28. 4,369,555 shares of the company’s stock were exchanged, compared to its average volume of 2,713,023. The firm has a fifty day moving average price of $60.81 and a two-hundred day moving average price of $47.78. The stock has a market capitalization of $8.54 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 0.59 and a beta of 1.54. Alaska Air Group has a one year low of $32.62 and a one year high of $70.21. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 0.93.

Analyst Ratings Changes

ALK has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Alaska Air Group from $58.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Citigroup increased their price target on shares of Alaska Air Group from $63.00 to $74.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Bank of America boosted their price objective on shares of Alaska Air Group from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Evercore ISI decreased their price target on Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. Finally, Melius raised Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a report on Monday, October 28th. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Alaska Air Group currently has an average rating of “Moderate Buy” and a consensus price target of $72.57.

Insider Transactions at Alaska Air Group

In other Alaska Air Group news, VP Emily Halverson sold 1,329 shares of the stock in a transaction that occurred 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 owns 7,150 shares of the company’s stock, valued at approximately $460,531.50. This represents a 15.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Andrew R. Harrison sold 13,880 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $64.01, for a total transaction of $888,458.80. Following the completion of the transaction, the executive vice president now owns 20,638 shares in the company, valued at $1,321,038.38. This trade represents a 40.21 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,473 shares of company stock worth $2,198,342. Company insiders own 0.92% 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.