Alaska Air Group (NYSE:ALK – Get Free Report) updated its FY24 earnings guidance on Wednesday. The company provided EPS guidance of $3.50-4.50 for the period, compared to the consensus EPS estimate of $4.52. Alaska Air Group also updated its FY 2024 guidance to 3.500-4.500 EPS.
Analyst Upgrades and Downgrades
ALK has been the topic of several research analyst reports. Evercore ISI lifted their target price on Alaska Air Group from $55.00 to $65.00 and gave the company an outperform rating in a research note on Thursday, April 4th. Susquehanna dropped their price objective on shares of Alaska Air Group from $42.00 to $41.00 and set a neutral rating on the stock in a research note on Tuesday. Wolfe Research raised shares of Alaska Air Group from a peer perform rating to an outperform rating and set a $55.00 target price for the company in a research note on Friday, May 17th. TD Cowen boosted their price target on shares of Alaska Air Group from $49.00 to $58.00 and gave the company a buy rating in a report on Friday, April 19th. Finally, StockNews.com upgraded Alaska Air Group from a sell rating to a hold rating in a report on Friday, April 19th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $55.82.
View Our Latest Stock Analysis on Alaska Air Group
Alaska Air Group Stock Down 1.1 %
Alaska Air Group (NYSE:ALK – Get Free Report) last released its earnings results on Thursday, July 18th. The transportation company reported $2.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.19. The firm had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.94 billion. Alaska Air Group had a return on equity of 13.54% and a net margin of 2.34%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $3.00 EPS. As a group, equities research analysts anticipate that Alaska Air Group will post 4.55 EPS for the current year.
Alaska Air Group Company Profile
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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