Alaska Air Group (NYSE:ALK) Issues Quarterly Earnings Results, Beats Estimates By $0.19 EPS

Alaska Air Group (NYSE:ALK) posted its quarterly earnings data on Thursday. The transportation company reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.19, Briefing.com reports. Alaska Air Group had a net margin of 2.14% and a return on equity of 11.97%. The company had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the company posted $3.00 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis.

Alaska Air Group Stock Up 1.8 %

Shares of NYSE ALK traded up $0.68 during midday trading on Friday, reaching $37.93. 3,102,621 shares of the company’s stock traded hands, compared to its average volume of 2,050,761. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 20.28, a P/E/G ratio of 0.90 and a beta of 1.60. The stock’s 50 day simple moving average is $40.93 and its 200-day simple moving average is $39.85. The company has a quick ratio of 0.63, a current ratio of 0.65 and a debt-to-equity ratio of 0.57. Alaska Air Group has a one year low of $30.75 and a one year high of $54.66.

Analyst Ratings Changes

ALK has been the subject of a number of research analyst 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. Evercore ISI lifted their target price on Alaska Air Group from $55.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Wolfe Research raised shares of Alaska Air Group from a “peer perform” rating to an “outperform” rating and set a $55.00 target price for the company in a research note on Friday, May 17th. StockNews.com raised shares of Alaska Air Group from a “sell” rating to a “hold” rating in a research note on Friday, April 19th. Finally, TD Cowen boosted their price objective on shares of Alaska Air Group from $49.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Alaska Air Group presently has a consensus rating of “Moderate Buy” and an average target price of $55.82.

Alaska Air Group Company Profile

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.