Alaska Air Group (NYSE:ALK) Releases Q4 2024 Earnings Guidance

Alaska Air Group (NYSE:ALK) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 0.200-0.400 for the period, compared to the consensus earnings per share estimate of 0.600. The company issued revenue guidance of -. Alaska Air Group also updated its FY 2024 guidance to 4.000- EPS.

Analysts Set New Price Targets

ALK has been the topic of a number of recent research reports. Morgan Stanley lowered their target price on Alaska Air Group from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Citigroup decreased their price target on Alaska Air Group from $51.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Evercore ISI dropped their price objective on shares of Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. Barclays began coverage on shares of Alaska Air Group in a research note on Monday, October 21st. They issued an “overweight” rating and a $55.00 target price for the company. Finally, TD Cowen cut their price objective on shares of Alaska Air Group from $52.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Alaska Air Group currently has an average rating of “Moderate Buy” and an average target price of $54.17.

Alaska Air Group Price Performance

ALK traded up $1.32 on Friday, reaching $49.23. 3,632,444 shares of the company’s stock were exchanged, compared to its average volume of 2,278,467. The stock has a market cap of $6.21 billion, a PE ratio of 28.62, a P/E/G ratio of 0.73 and a beta of 1.60. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.68 and a quick ratio of 0.66. Alaska Air Group has a twelve month low of $31.44 and a twelve month high of $50.16. The stock’s fifty day moving average price is $42.20 and its 200-day moving average price is $40.86.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results on Thursday, October 31st. The transportation company reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.03. Alaska Air Group had a return on equity of 11.85% and a net margin of 2.14%. The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3 billion. During the same period in the prior year, the business earned $1.83 earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year. Sell-side analysts expect that Alaska Air Group will post 4.24 EPS for the current year.

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.