Alaska Air Group (NYSE:ALK) Releases Q1 2021 Earnings Guidance


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Alaska Air Group (NYSE:ALK) updated its first quarter 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of – for the period. The company issued revenue guidance of $797.30 million-$797.30 million, compared to the consensus revenue estimate of $779.04 million.

A number of research firms have issued reports on ALK. Deutsche Bank Aktiengesellschaft upgraded shares of Alaska Air Group from a hold rating to a buy rating and set a $75.00 price objective on the stock in a research report on Monday, March 1st. JPMorgan Chase & Co. boosted their price objective on shares of Alaska Air Group from $65.00 to $104.00 and gave the company an overweight rating in a research report on Tuesday, April 20th. Barclays boosted their price target on shares of Alaska Air Group from $54.00 to $68.00 in a research report on Thursday, April 15th. Susquehanna Bancshares boosted their price target on shares of Alaska Air Group from $50.00 to $60.00 and gave the company a positive rating in a research report on Thursday, January 14th. Finally, Zacks Investment Research cut shares of Alaska Air Group from a hold rating to a sell rating and set a $75.00 price target on the stock. in a research report on Monday, March 22nd. One analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $70.54.

ALK traded down $2.13 during midday trading on Tuesday, reaching $66.56. The company’s stock had a trading volume of 1,887,170 shares, compared to its average volume of 1,807,227. The firm has a market capitalization of $8.28 billion, a price-to-earnings ratio of -12.20 and a beta of 1.81. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.77. Alaska Air Group has a 1 year low of $23.39 and a 1 year high of $74.25. The stock’s 50-day moving average is $69.67 and its 200-day moving average is $56.20.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Wednesday, April 21st. The transportation company reported ($3.51) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($3.63) by $0.12. The business had revenue of $797.00 million for the quarter, compared to analysts’ expectations of $786.52 million. Alaska Air Group had a negative net margin of 13.96% and a negative return on equity of 19.39%. The business’s revenue was down 51.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.82) earnings per share. As a group, equities research analysts forecast that Alaska Air Group will post -10.43 earnings per share for the current fiscal year.

In other news, EVP Andrew R. Harrison sold 6,200 shares of the company’s stock in a transaction that occurred on Monday, February 8th. The shares were sold at an average price of $57.50, for a total value of $356,500.00. Following the transaction, the executive vice president now owns 22,055 shares in the company, valued at $1,268,162.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Andrew R. Harrison sold 5,800 shares of the company’s stock in a transaction that occurred on Thursday, April 29th. The stock was sold at an average price of $68.96, for a total transaction of $399,968.00. Following the completion of the transaction, the executive vice president now owns 12,999 shares in the company, valued at approximately $896,411.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 96,221 shares of company stock worth $6,476,419. Insiders own 0.47% of the company’s stock.

About Alaska Air Group

Alaska Air Group, Inc is a holding company, which engages in the provision of air transportation services. It operates through the following segments: Mainline, Regional and Horizon. The Mainline segment includes Alaska’s Boeing or Airbus jet aircraft for passengers and cargo throughout the U.S., and in parts of Canada, Mexico, and Costa Rica.

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