Equities analysts expect that Alaska Air Group, Inc. (NYSE:ALK) will report $1.81 billion in sales for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Alaska Air Group’s earnings. The highest sales estimate is $1.81 billion and the lowest is $1.80 billion. Alaska Air Group reported sales of $1.75 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.4%. The company is scheduled to announce its next earnings report on Wednesday, April 25th.

On average, analysts expect that Alaska Air Group will report full-year sales of $1.81 billion for the current financial year, with estimates ranging from $8.32 billion to $8.57 billion. For the next fiscal year, analysts expect that the firm will post sales of $8.99 billion per share, with estimates ranging from $8.78 billion to $9.14 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Alaska Air Group.

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Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Thursday, January 25th. The transportation company reported $0.83 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.83. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.96 billion. Alaska Air Group had a return on equity of 24.39% and a net margin of 12.96%. The firm’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.56 EPS.

A number of research analysts recently issued reports on ALK shares. Zacks Investment Research upgraded Alaska Air Group from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Buckingham Research dropped their price target on Alaska Air Group from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. Stifel Nicolaus restated a “buy” rating and set a $105.00 price target (down previously from $115.00) on shares of Alaska Air Group in a research note on Wednesday, January 10th. Standpoint Research started coverage on Alaska Air Group in a research note on Monday, December 18th. They set a “buy” rating and a $90.00 price target on the stock. Finally, Imperial Capital restated an “in-line” rating and set a $66.00 price target (down previously from $70.00) on shares of Alaska Air Group in a research note on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $87.53.

In other Alaska Air Group news, EVP Andrew R. Harrison sold 2,350 shares of Alaska Air Group stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $64.88, for a total value of $152,468.00. Following the transaction, the executive vice president now directly owns 24,092 shares in the company, valued at approximately $1,563,088.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher Michael Berry sold 460 shares of Alaska Air Group stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $97.00, for a total value of $44,620.00. Following the completion of the transaction, the vice president now owns 1,997 shares in the company, valued at $193,709. The disclosure for this sale can be found here. Insiders sold a total of 13,373 shares of company stock worth $884,697 over the last quarter. Company insiders own 0.57% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Exane Derivatives purchased a new stake in shares of Alaska Air Group in the fourth quarter valued at approximately $105,000. Bank of Nova Scotia Trust Co. purchased a new stake in shares of Alaska Air Group in the third quarter valued at approximately $153,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Alaska Air Group by 55.3% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,495 shares of the transportation company’s stock valued at $186,000 after buying an additional 888 shares in the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of Alaska Air Group in the third quarter valued at approximately $200,000. Finally, Wetherby Asset Management Inc. purchased a new stake in shares of Alaska Air Group in the fourth quarter valued at approximately $206,000. Hedge funds and other institutional investors own 86.42% of the company’s stock.

Alaska Air Group stock traded up $0.59 during trading hours on Tuesday, reaching $66.51. The company had a trading volume of 1,480,826 shares, compared to its average volume of 1,842,687. The stock has a market cap of $8,180.53, a P/E ratio of 8.03, a PEG ratio of 1.02 and a beta of 0.84. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 0.61. Alaska Air Group has a 12-month low of $59.25 and a 12-month high of $97.06.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 8th. Shareholders of record on Tuesday, February 20th were paid a $0.32 dividend. This is an increase from Alaska Air Group’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 1.92%. The ex-dividend date was Friday, February 16th. Alaska Air Group’s dividend payout ratio (DPR) is 15.46%.

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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.

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Earnings History and Estimates for Alaska Air Group (NYSE:ALK)

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