News headlines about Alaska Air Group (NYSE:ALK) have been trending positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Alaska Air Group earned a daily sentiment score of 0.35 on Accern’s scale. Accern also gave news stories about the transportation company an impact score of 45.9526961514363 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- How To YieldBoost Alaska Air Group From 1.9% To 5.1% Using Options – Nasdaq (nasdaq.com)
- Alaska Air Group (ALK) Feb. RPM Increases 7.9%, ASM Up 9% – StreetInsider.com (streetinsider.com)
- Alaska Air updates on traffic (seekingalpha.com)
- Alaska Air Group reports February 2018 operational results (finance.yahoo.com)
- Alaska Air Group, Inc. (ALK) estimated to achieve -7.00% EPS growth for this year – Wallstreet Investorplace (wallstreetinvestorplace.com)
ALK has been the topic of a number of analyst reports. Standpoint Research initiated coverage on shares of Alaska Air Group in a report on Monday, December 18th. They issued a “buy” rating and a $90.00 target price on the stock. ValuEngine raised shares of Alaska Air Group from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Morgan Stanley set a $78.00 target price on shares of Alaska Air Group and gave the stock a “buy” rating in a research note on Thursday, November 16th. Stifel Nicolaus reiterated a “buy” rating and issued a $105.00 target price (down from $115.00) on shares of Alaska Air Group in a research note on Wednesday, January 10th. Finally, Buckingham Research lowered their price objective on shares of Alaska Air Group from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Friday, January 26th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Alaska Air Group has an average rating of “Buy” and an average price target of $87.53.
Alaska Air Group (NYSE:ALK) last issued its earnings results on Thursday, January 25th. The transportation company reported $0.83 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Alaska Air Group had a net margin of 12.96% and a return on equity of 24.39%. The firm’s quarterly revenue was up 28.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.56 EPS. sell-side analysts anticipate that Alaska Air Group will post 5.74 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 8th. Shareholders of record on Tuesday, February 20th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.95%. This is a positive change from Alaska Air Group’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, February 16th. Alaska Air Group’s dividend payout ratio is presently 15.46%.
In other news, VP Kyle B. Levine sold 1,503 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $65.00, for a total transaction of $97,695.00. Following the sale, the vice president now owns 7,182 shares of the company’s stock, valued at approximately $466,830. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher Michael Berry sold 460 shares of Alaska Air Group stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $97.00, for a total transaction of $44,620.00. Following the completion of the sale, the vice president now directly owns 1,997 shares in the company, valued at approximately $193,709. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,373 shares of company stock valued at $884,697. Insiders own 0.57% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This story was reported by BBNS and is the sole property of of BBNS. If you are accessing this story on another site, it was stolen and reposted in violation of US & international copyright legislation. The original version of this story can be read at https://baseballnewssource.com/2018/03/14/favorable-press-coverage-somewhat-unlikely-to-affect-alaska-air-group-alk-stock-price/1927346.html.
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.
Receive News & Ratings for Alaska Air Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alaska Air Group and related companies with MarketBeat.com's FREE daily email newsletter.