Media headlines about Alaska Air Group (NYSE:ALK) have been trending positive this week, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Alaska Air Group earned a news sentiment score of 0.37 on Accern’s scale. Accern also gave headlines about the transportation company an impact score of 47.4887446881202 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Alaska Air Group awards $1000 bonuses to workers after Trump tax cut – Pacific Business News (Honolulu) (bizjournals.com)
- Is The Stock Worthy? – Alaska Air Group, Inc. (NYSE: ALK) – Alpha Beta Stock (alphabetastock.com)
- Alaska Air Group to announce financial results – PR Newswire (press release) (prnewswire.com)
- $1.96 Billion in Sales Expected for Alaska Air Group, Inc. (ALK) This Quarter (americanbankingnews.com)
- Alaska Airlines, Virgin America cancel 46 flights as ‘bomb cyclone’ descends on Northeast (finance.yahoo.com)
A number of research firms have commented on ALK. Barclays reduced their price objective on shares of Alaska Air Group from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, October 26th. Cowen reduced their price objective on shares of Alaska Air Group from $103.00 to $100.00 and set an “outperform” rating for the company in a research note on Thursday, September 14th. Morgan Stanley reaffirmed an “overweight” rating on shares of Alaska Air Group in a research note on Monday, September 18th. Stifel Nicolaus reduced their price objective on shares of Alaska Air Group from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, October 26th. Finally, Deutsche Bank reduced their price objective on shares of Alaska Air Group from $99.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $91.18.
Alaska Air Group (ALK) traded down $0.11 during midday trading on Friday, hitting $73.74. 1,079,300 shares of the stock were exchanged, compared to its average volume of 1,630,000. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $9,070.00, a price-to-earnings ratio of 11.82 and a beta of 1.03. Alaska Air Group has a 1-year low of $61.10 and a 1-year high of $101.43.
Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results on Wednesday, October 25th. The transportation company reported $2.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.02). The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Alaska Air Group had a return on equity of 28.74% and a net margin of 10.34%. Alaska Air Group’s revenue for the quarter was up 35.4% compared to the same quarter last year. During the same period last year, the company earned $2.20 earnings per share. equities research analysts predict that Alaska Air Group will post 6.69 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 7th. Stockholders of record on Tuesday, November 21st were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Monday, November 20th. Alaska Air Group’s dividend payout ratio (DPR) is 19.23%.
In related news, CEO David L. Campbell sold 4,934 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $68.00, for a total value of $335,512.00. Following the transaction, the chief executive officer now owns 9,648 shares in the company, valued at $656,064. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Andrew R. Harrison sold 540 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $65.53, for a total value of $35,386.20. Following the completion of the transaction, the executive vice president now owns 20,788 shares in the company, valued at approximately $1,362,237.64. The disclosure for this sale can be found here. 0.57% of the stock is owned by corporate insiders.
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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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