Wall Street analysts expect Alaska Air Group, Inc. (NYSE:ALK) to post $1.78 billion in sales for the current quarter, Zacks reports. Four analysts have made estimates for Alaska Air Group’s earnings. The lowest sales estimate is $1.77 billion and the highest is $1.79 billion. Alaska Air Group reported sales of $1.35 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 31.9%. The company is expected to issue its next quarterly earnings report before the market opens on Wednesday, April 26th.

According to Zacks, analysts expect that Alaska Air Group will report full-year sales of $1.78 billion for the current financial year, with estimates ranging from $8.08 billion to $8.18 billion. For the next financial year, analysts anticipate that the business will report sales of $8.78 billion per share, with estimates ranging from $8.59 billion to $8.94 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Alaska Air Group.

Alaska Air Group (NYSE:ALK) last posted its earnings results on Wednesday, February 8th. The transportation company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.16. Alaska Air Group had a return on equity of 33.50% and a net margin of 13.72%. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the firm earned $1.46 earnings per share. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year.

Several research firms recently issued reports on ALK. Imperial Capital increased their target price on Alaska Air Group from $84.00 to $101.00 and gave the stock an “in-line” rating in a research note on Friday, February 10th. Zacks Investment Research lowered Alaska Air Group from a “buy” rating to a “hold” rating in a research note on Tuesday, March 7th. Cowen and Company decreased their target price on Alaska Air Group from $100.00 to $95.00 and set a “market perform” rating on the stock in a research note on Thursday, February 9th. Bank of America Corp raised Alaska Air Group from a “neutral” rating to a “buy” rating and increased their target price for the stock from $97.00 to $110.00 in a research note on Tuesday, January 10th. Finally, Morgan Stanley reissued an “overweight” rating and set a $113.00 target price on shares of Alaska Air Group in a research note on Wednesday, February 22nd. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $104.21.

In other Alaska Air Group news, CEO Bradley D. Tilden sold 5,600 shares of the company’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $96.48, for a total transaction of $540,288.00. Following the sale, the chief executive officer now owns 155,546 shares in the company, valued at approximately $15,007,078.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Andrew R. Harrison sold 6,580 shares of the company’s stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $98.19, for a total value of $646,090.20. Following the sale, the executive vice president now owns 16,555 shares in the company, valued at approximately $1,625,535.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 67,603 shares of company stock worth $6,527,192. 0.68% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the company. Ifrah Financial Services Inc. boosted its position in shares of Alaska Air Group by 0.3% in the third quarter. Ifrah Financial Services Inc. now owns 3,561 shares of the transportation company’s stock valued at $235,000 after buying an additional 10 shares during the period. Public Employees Retirement Association of Colorado boosted its position in shares of Alaska Air Group by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 3,860 shares of the transportation company’s stock valued at $254,000 after buying an additional 16 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in shares of Alaska Air Group by 0.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,900 shares of the transportation company’s stock valued at $257,000 after buying an additional 20 shares during the period. Regentatlantic Capital LLC boosted its position in shares of Alaska Air Group by 0.7% in the first quarter. Regentatlantic Capital LLC now owns 2,907 shares of the transportation company’s stock valued at $268,000 after buying an additional 20 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Alaska Air Group by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,066 shares of the transportation company’s stock valued at $627,000 after buying an additional 36 shares during the period. Institutional investors own 89.01% of the company’s stock.

Shares of Alaska Air Group (NYSE:ALK) traded down 0.44% during midday trading on Friday, reaching $86.53. The company’s stock had a trading volume of 1,106,255 shares. The stock’s 50-day moving average price is $93.56 and its 200-day moving average price is $86.65. Alaska Air Group has a 12-month low of $54.51 and a 12-month high of $101.43. The company has a market cap of $10.68 billion, a P/E ratio of 13.23 and a beta of 0.80.

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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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