Alaska Air Group (ALK) Receiving Favorable Media Coverage, Study Shows
Media headlines about Alaska Air Group (NYSE:ALK) have trended positive on Sunday, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Alaska Air Group earned a news impact score of 0.44 on Accern’s scale. Accern also assigned press coverage about the transportation company an impact score of 46.2795213694637 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Alaska Airlines launches annual PFD sale for Alaskans (finance.yahoo.com)
- Alaska Air Group, Inc. (ALK) Given “Buy” Rating at Stifel Nicolaus (americanbankingnews.com)
- Alaska Air Group, Inc. (ALK) Analyzing Impact of News on Stocks with Edwards Lifesciences Corporation (EW) – Investing News Update (investingbizz.com)
- Alaska Airlines and Virgin America begin new service from San Francisco to New Orleans (finance.yahoo.com)
- Delta Sky Club at Sea-Tac Airport named North America’s leading airport lounge (Photos) (finance.yahoo.com)
Alaska Air Group (NYSE:ALK) opened at 74.75 on Friday. The company has a 50-day moving average of $78.55 and a 200-day moving average of $86.73. The firm has a market cap of $9.23 billion, a price-to-earnings ratio of 12.16 and a beta of 1.00. Alaska Air Group has a 1-year low of $64.19 and a 1-year high of $101.43.
Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results on Wednesday, July 26th. The transportation company reported $2.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.52 by ($0.01). The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.10 billion. Alaska Air Group had a return on equity of 30.04% and a net margin of 11.02%. The company’s quarterly revenue was up 40.7% on a year-over-year basis. During the same period last year, the firm earned $2.12 earnings per share. Analysts predict that Alaska Air Group will post $7.51 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Tuesday, August 22nd were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Friday, August 18th. Alaska Air Group’s dividend payout ratio (DPR) is 19.48%.
Several research analysts have recently issued reports on ALK shares. BidaskClub cut shares of Alaska Air Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Morgan Stanley reiterated an “overweight” rating on shares of Alaska Air Group in a report on Tuesday, September 12th. ValuEngine cut shares of Alaska Air Group from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research cut shares of Alaska Air Group from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. Finally, Cowen and Company restated a “buy” rating and set a $103.00 target price on shares of Alaska Air Group in a report on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $104.55.
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In related news, Chairman Bradley D. Tilden sold 2,400 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $85.83, for a total transaction of $205,992.00. Following the completion of the transaction, the chairman now owns 140,346 shares in the company, valued at $12,045,897.18. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Bradley D. Tilden sold 5,600 shares of the business’s stock in a transaction that occurred on Thursday, July 13th. The shares were sold at an average price of $94.48, for a total transaction of $529,088.00. Following the transaction, the chairman now owns 145,546 shares of the company’s stock, valued at approximately $13,751,186.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,350 shares of company stock valued at $937,251. Corporate insiders own 0.57% of the company’s stock.
Alaska Air Group Company Profile
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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