Alaska Air Group (NYSE:ALK) Posts Earnings Results, Beats Expectations By $0.52 EPS

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

Alaska Air Group Trading Up 2.0 %

Shares of ALK stock opened at $68.72 on Friday. Alaska Air Group has a fifty-two week low of $32.62 and a fifty-two week high of $71.70. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 0.93. The business has a fifty day simple moving average of $61.44 and a 200-day simple moving average of $48.06. The stock has a market cap of $8.72 billion, a P/E ratio of 27.71, a P/E/G ratio of 0.61 and a beta of 1.54.

Analysts Set New Price Targets

ALK has been the subject of a number of recent research reports. Evercore ISI decreased their price objective on Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating for the company in a research report on Thursday, October 3rd. Melius Research upgraded shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research report on Monday, October 28th. Citigroup upped their price objective 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. JPMorgan Chase & Co. lifted their target price on shares of Alaska Air Group from $58.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Finally, Susquehanna raised shares of Alaska Air Group from a “neutral” rating to a “positive” rating and set a $95.00 price target for the company in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Alaska Air Group presently has an average rating of “Moderate Buy” and a consensus target price of $74.86.

Insider Activity at Alaska Air Group

In other news, VP Emily Halverson sold 1,329 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $64.41, for a total value of $85,600.89. Following the completion of the transaction, the vice president now directly owns 7,150 shares of the company’s stock, valued at $460,531.50. The trade was a 15.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Andrea L. Schneider sold 800 shares of the company’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $63.89, for a total value of $51,112.00. Following the completion of the sale, the senior vice president now owns 20,286 shares in the company, valued at $1,296,072.54. This represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,473 shares of company stock valued at $2,198,342. Insiders own 0.68% of the company’s stock.

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.