Media coverage about Alaska Air Group (NYSE:ALK) has been trending very positive this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Alaska Air Group earned a news sentiment score of 0.53 on Accern’s scale. Accern also gave news stories about the transportation company an impact score of 69 out of 100, meaning that recent press coverage is likely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Horizon Air Names New Vice President Flight Operations and New Vice President of Finance and Planning – AviationPros.com (aviationpros.com)
- Alaska Air Group Inc (ALK) Sees Technical Signals Building – Evergreen Caller (evergreencaller.com)
- Horizon Air names new vice president flight operations and new vice president of finance and planning (finance.yahoo.com)
- Alaska Air Group, Inc. – Value Analysis (NYSE:ALK) : August 5, 2017 (finance.yahoo.com)
- Alaska Air Group, Inc. (NYSE:ALK) Declares Quarterly Dividend of $0.30 (americanbankingnews.com)
A number of analysts have commented on the company. BidaskClub downgraded Alaska Air Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Zacks Investment Research downgraded Alaska Air Group from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Stifel Nicolaus reiterated a “buy” rating and issued a $145.00 price objective on shares of Alaska Air Group in a research report on Friday, May 26th. Morgan Stanley reduced their price objective on Alaska Air Group from $103.00 to $102.00 and set an “overweight” rating for the company in a research report on Monday, July 17th. Finally, Cowen and Company reiterated an “outperform” rating and issued a $103.00 price objective on shares of Alaska Air Group in a research report on Tuesday, June 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Alaska Air Group presently has an average rating of “Buy” and an average target price of $105.41.
Alaska Air Group (ALK) traded up 1.04% during trading on Friday, hitting $85.87. The company had a trading volume of 821,517 shares. The company has a market capitalization of $10.61 billion, a price-to-earnings ratio of 13.96 and a beta of 0.95. The stock has a 50-day moving average of $89.87 and a 200 day moving average of $90.99. Alaska Air Group has a one year low of $64.19 and a one year high of $101.43.
Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Wednesday, July 26th. The transportation company reported $2.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.52 by $0.01. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.10 billion. Alaska Air Group had a return on equity of 30.04% and a net margin of 11.02%. The company’s quarterly revenue was up 40.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.12 EPS. Equities analysts forecast that Alaska Air Group will post $7.87 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Tuesday, August 22nd will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Friday, August 18th. Alaska Air Group’s dividend payout ratio is currently 19.48%.
In other Alaska Air Group news, Chairman Bradley D. Tilden sold 5,600 shares of the company’s stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $94.48, for a total transaction of $529,088.00. Following the completion of the sale, the chairman now directly owns 145,546 shares in the company, valued at $13,751,186.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Bradley D. Tilden sold 4,700 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $84.63, for a total value of $397,761.00. Following the sale, the chairman now owns 148,646 shares of the company’s stock, valued at $12,579,910.98. The disclosure for this sale can be found here. Insiders have sold 23,800 shares of company stock worth $2,139,479 in the last three months. 0.57% of the stock is currently owned by company insiders.
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Alaska Air Group Company Profile
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.
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