Alaska Air Group (NYSE:ALK) Issues Quarterly Earnings Results

Alaska Air Group (NYSE:ALK) issued its quarterly earnings data on Wednesday. The transportation company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.52, Zacks reports. Alaska Air Group had a return on equity of 12.81% and a net margin of 2.99%. Alaska Air Group updated its Q1 2025 guidance to -0.700–0.500 EPS.

Alaska Air Group Price Performance

ALK stock traded down $1.60 on Wednesday, reaching $67.28. 4,369,555 shares of the company’s stock were exchanged, compared to its average volume of 2,713,023. The stock has a fifty day moving average of $60.81 and a 200-day moving average of $47.78. The firm has a market cap of $8.54 billion, a PE ratio of 27.13, a P/E/G ratio of 0.59 and a beta of 1.54. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 0.93. Alaska Air Group has a twelve month low of $32.62 and a twelve month high of $70.21.

Analysts Set New Price Targets

Several analysts recently commented on ALK shares. The Goldman Sachs Group upped their price target on shares of Alaska Air Group from $70.00 to $79.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. TD Cowen upped their target price on shares of Alaska Air Group from $68.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Morgan Stanley increased their target price on shares of Alaska Air Group from $70.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Citigroup boosted their price target on Alaska Air Group from $63.00 to $74.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, Susquehanna raised Alaska Air Group from a “neutral” rating to a “positive” rating and set a $95.00 price objective for the company in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Alaska Air Group presently has an average rating of “Moderate Buy” and a consensus price target of $72.57.

Insider Buying and Selling at Alaska Air Group

In related news, CEO Joseph A. Sprague sold 2,325 shares of Alaska Air Group stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $64.38, for a total transaction of $149,683.50. Following the completion of the transaction, the chief executive officer now directly owns 19,340 shares of the company’s stock, valued at approximately $1,245,109.20. The trade was a 10.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Emily Halverson sold 1,329 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $64.41, for a total transaction of $85,600.89. Following the transaction, the vice president now owns 7,150 shares of the company’s stock, valued at $460,531.50. This trade represents a 15.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,473 shares of company stock valued at $2,198,342. 0.92% of the stock is owned by company insiders.

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.