Alaska Air Group (NYSE:ALK – Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 3.500-4.500 for the period, compared to the consensus earnings per share estimate of 4.490. The company issued revenue guidance of -. Alaska Air Group also updated its Q3 2024 guidance to 1.400-1.600 EPS.
Alaska Air Group Price Performance
Shares of NYSE:ALK traded down $0.44 during mid-day trading on Wednesday, reaching $40.06. The stock had a trading volume of 2,458,868 shares, compared to its average volume of 2,176,173. The company has a current ratio of 0.65, a quick ratio of 0.63 and a debt-to-equity ratio of 0.57. The company has a market cap of $5.08 billion, a P/E ratio of 21.42, a price-to-earnings-growth ratio of 0.51 and a beta of 1.60. Alaska Air Group has a 1 year low of $30.75 and a 1 year high of $54.66. The business’s 50 day moving average price is $41.25 and its 200 day moving average price is $39.86.
Alaska Air Group (NYSE:ALK – Get Free Report) last issued its quarterly earnings data on Thursday, April 18th. The transportation company reported ($0.92) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.09) by $0.17. Alaska Air Group had a return on equity of 13.54% and a net margin of 2.34%. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the business posted ($0.62) earnings per share. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. Research analysts expect that Alaska Air Group will post 4.71 EPS for the current fiscal year.
Analysts Set New Price Targets
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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.
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