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

Alaska Air Group (NYSE:ALK) announced its quarterly earnings data on Wednesday. The transportation company reported $0.97 EPS for the quarter, beating 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 Stock Performance

NYSE:ALK traded down $1.60 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 market cap of $8.54 billion, a price-to-earnings ratio of 27.13, a P/E/G ratio of 0.59 and a beta of 1.54. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.60 and a quick ratio of 0.57. The stock has a fifty day simple moving average of $60.81 and a 200-day simple moving average of $47.78. Alaska Air Group has a 52 week low of $32.62 and a 52 week high of $70.21.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ALK shares. Morgan Stanley lifted their price target on shares of Alaska Air Group from $70.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Bank of America upped their target price on shares of Alaska Air Group from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, January 17th. JPMorgan Chase & Co. lifted their price target on Alaska Air Group from $58.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. TD Cowen increased their price objective on Alaska Air Group from $68.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, Barclays lifted their target price on Alaska Air Group from $55.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Alaska Air Group currently has a consensus rating of “Moderate Buy” and an average price target of $72.57.

Insider Activity at Alaska Air Group

In other news, VP Emily Halverson sold 1,329 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $64.41, for a total value of $85,600.89. Following the sale, the vice president now directly owns 7,150 shares of the company’s stock, valued at approximately $460,531.50. This represents a 15.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Andrea L. Schneider sold 3,700 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $63.50, for a total transaction of $234,950.00. Following the sale, the senior vice president now directly owns 21,086 shares in the company, valued at $1,338,961. This trade represents a 14.93 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,473 shares of company stock worth $2,198,342. Corporate 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.