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

by · The Cerbat Gem

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

Alaska Air Group Trading Up 2.8 %

ALK stock traded up $1.32 during midday trading on Friday, reaching $49.23. The company’s stock had a trading volume of 3,632,444 shares, compared to its average volume of 2,278,467. The firm has a market capitalization of $6.21 billion, a price-to-earnings ratio of 28.62, a PEG ratio of 0.73 and a beta of 1.60. Alaska Air Group has a 1 year low of $31.44 and a 1 year high of $50.16. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.66 and a current ratio of 0.68. The stock has a fifty day simple moving average of $42.20 and a two-hundred day simple moving average of $40.86.

Alaska Air Group (NYSE:ALK – Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The transportation company reported $2.25 EPS for the quarter, topping the consensus estimate of $2.22 by $0.03. The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3 billion. Alaska Air Group had a net margin of 2.14% and a return on equity of 11.85%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.83 EPS. On average, equities research analysts predict that Alaska Air Group will post 4.24 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on ALK shares. Melius upgraded Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a report on Monday, October 28th. Citigroup lowered their target price 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 cut their price target on 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. Susquehanna lifted their price objective on Alaska Air Group from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Finally, TD Cowen dropped their target price on shares of Alaska Air Group from $52.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Alaska Air Group has a consensus rating of “Moderate Buy” and an average price target of $54.17.

Check Out Our Latest Report on Alaska Air Group

Alaska Air Group Company Profile

(Get Free Report)

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.

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