Equities research analysts predict that Alaska Air Group, Inc. (NYSE:ALK) will post $2.03 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Alaska Air Group’s earnings, with the lowest sales estimate coming in at $2.02 billion and the highest estimate coming in at $2.04 billion. Alaska Air Group posted sales of $1.96 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.6%. The company is scheduled to announce its next quarterly earnings results on Thursday, January 24th.

On average, analysts expect that Alaska Air Group will report full year sales of $8.23 billion for the current year, with estimates ranging from $8.22 billion to $8.24 billion. For the next financial year, analysts anticipate that the company will report sales of $8.81 billion, with estimates ranging from $8.72 billion to $8.89 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Alaska Air Group.

Alaska Air Group (NYSE:ALK) last announced its earnings results on Thursday, October 25th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.10. The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.20 billion. Alaska Air Group had a return on equity of 15.51% and a net margin of 9.57%.

Several research analysts recently issued reports on the company. Barclays raised their target price on Alaska Air Group from $68.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 15th. Morgan Stanley raised their target price on Alaska Air Group from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 14th. Macquarie lowered Alaska Air Group from an “outperform” rating to a “neutral” rating in a research report on Monday, July 30th. ValuEngine raised Alaska Air Group from a “sell” rating to a “hold” rating in a research report on Monday, July 30th. Finally, Deutsche Bank raised their target price on Alaska Air Group from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, October 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $78.00.

NYSE:ALK traded down $0.40 during trading hours on Friday, hitting $66.90. 32,825 shares of the company were exchanged, compared to its average volume of 1,410,543. The firm has a market cap of $8.38 billion, a P/E ratio of 10.06, a P/E/G ratio of 5.09 and a beta of 0.60. The company has a quick ratio of 0.69, a current ratio of 0.71 and a debt-to-equity ratio of 0.44. Alaska Air Group has a one year low of $57.53 and a one year high of $76.06.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Tuesday, November 20th will be issued a dividend of $0.32 per share. The ex-dividend date is Monday, November 19th. This represents a $1.28 dividend on an annualized basis and a yield of 1.91%. Alaska Air Group’s payout ratio is currently 19.28%.

In other Alaska Air Group news, EVP Andrew R. Harrison sold 930 shares of the stock in a transaction dated Monday, October 29th. The stock was sold at an average price of $62.55, for a total transaction of $58,171.50. Following the completion of the sale, the executive vice president now directly owns 21,562 shares in the company, valued at approximately $1,348,703.10. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Shane R. Tackett sold 3,000 shares of the stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $66.81, for a total value of $200,430.00. Following the sale, the executive vice president now owns 8,238 shares of the company’s stock, valued at $550,380.78. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Standard Life Aberdeen plc grew its stake in shares of Alaska Air Group by 18.5% in the 3rd quarter. Standard Life Aberdeen plc now owns 26,075 shares of the transportation company’s stock valued at $1,796,000 after buying an additional 4,076 shares during the period. Impala Asset Management LLC acquired a new stake in shares of Alaska Air Group in the 3rd quarter valued at about $1,977,000. TIAA CREF Investment Management LLC grew its stake in shares of Alaska Air Group by 28.6% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 465,625 shares of the transportation company’s stock valued at $32,063,000 after buying an additional 103,615 shares during the period. Teachers Advisors LLC grew its stake in shares of Alaska Air Group by 86.9% in the 3rd quarter. Teachers Advisors LLC now owns 504,618 shares of the transportation company’s stock valued at $34,748,000 after buying an additional 234,626 shares during the period. Finally, Bridges Investment Management Inc. grew its stake in shares of Alaska Air Group by 37.6% in the 3rd quarter. Bridges Investment Management Inc. now owns 49,575 shares of the transportation company’s stock valued at $3,414,000 after buying an additional 13,534 shares during the period. Institutional investors own 89.82% of the company’s stock.

About Alaska Air Group

Alaska Air Group, Inc, through its subsidiaries, provides passengers and cargo air transportation services. It also focuses on providing ground and ramp handling services to airlines. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 118 destinations across the United States, Mexico, Canada, and Costa Rica.

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