Alaska Air Group (NYSE:ALK) Releases FY25 Earnings Guidance

Alaska Air Group (NYSE:ALK) updated its FY25 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of at least $5.75 for the period, compared to the consensus estimate of $5.55. Alaska Air Group also updated its FY 2025 guidance to 5.750- EPS.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ALK. Barclays boosted their target price on shares of Alaska Air Group from $55.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Susquehanna boosted their target price on shares of Alaska Air Group from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Melius upgraded shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research report on Monday, October 28th. Melius Research upgraded shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research report on Monday, October 28th. Finally, Bank of America boosted their target price on shares of Alaska Air Group from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $60.08.

Alaska Air Group Stock Up 13.2 %

ALK opened at $61.32 on Wednesday. Alaska Air Group has a twelve month low of $32.62 and a twelve month high of $63.90. 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 company has a 50-day moving average price of $49.29 and a 200 day moving average price of $42.57. The company has a market cap of $7.78 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 1.23 and a beta of 1.60.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Thursday, October 31st. The transportation company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.03. Alaska Air Group had a net margin of 2.99% and a return on equity of 12.81%. The firm had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the prior year, the firm earned $1.83 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Sell-side analysts expect that Alaska Air Group will post 4.26 earnings per share for the current fiscal year.

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.