Alaska Air Group, Inc. (ALK) Analysts See $2.45 EPS

September 17, 2017 - By Adrian Mccoy

 Alaska Air Group, Inc. (ALK) Analysts See $2.45 EPS
Investors sentiment decreased to 0.76 in 2016 Q4. Its down 0.27, from 1.03 in 2016Q3. It turned negative, as 55 investors sold Alaska Air Group, Inc. shares while 181 reduced holdings. 60 funds opened positions while 120 raised stakes. 110.18 million shares or 3.64% more from 106.31 million shares in 2016Q3 were reported.
Lumina Fund Management Limited Liability Co holds 0.06% in Alaska Air Group, Inc. (NYSE:ALK) or 6,000 shares. Bancorporation Of Mellon Corp has 0.07% invested in Alaska Air Group, Inc. (NYSE:ALK) for 2.90 million shares. Concannon Wealth Ltd Co accumulated 0.02% or 200 shares. Renaissance Gru Lc invested in 381,739 shares or 1.37% of the stock. Motco invested in 0% or 129 shares. Southport Mgmt reported 2.67% in Alaska Air Group, Inc. (NYSE:ALK). Macquarie Group stated it has 0% in Alaska Air Group, Inc. (NYSE:ALK). Benjamin F Edwards owns 553 shares for 0.01% of their portfolio. New Mexico Educational Retirement Board owns 13,200 shares for 0.05% of their portfolio. Moreover, Northwestern Mutual Wealth Mgmt has 0% invested in Alaska Air Group, Inc. (NYSE:ALK) for 1,504 shares. 6.39 million are held by Primecap Mngmt Ca. Ww Asset holds 0.04% or 11,453 shares. Norinchukin State Bank The has 28,135 shares. Gotham Asset Mgmt Lc owns 232,001 shares or 0.26% of their US portfolio. Chevy Chase Tru Hldg holds 103,491 shares.

Since March 21, 2017, it had 0 insider buys, and 4 insider sales for $2.12 million activity. TILDEN BRADLEY D sold $508,225 worth of stock or 5,600 shares.

Wall Street await Alaska Air Group, Inc. (NYSE:ALK) to release earnings on October, 19. Analysts forecast earnings per share of $2.45, up exactly $0.25 or 11.36 % from 2014’s $2.2 EPS. The expected ALK’s profit could reach $302.67 million giving the stock 7.68 P/E in the case that $2.45 earnings per share is reported. After posting $2.51 EPS for the previous quarter, Alaska Air Group, Inc.’s analysts now forecast -2.39 % negative EPS growth. The stock decreased 2.85% or $2.21 on September 15, reaching $75.28. About 2.22M shares traded or 57.45% up from the average. Alaska Air Group, Inc. (NYSE:ALK) has risen 29.33% since September 17, 2016 and is uptrending. It has outperformed by 12.63% the S&P500.

Alaska Air Group, Inc. (NYSE:ALK) Ratings Coverage

Among 13 analysts covering Alaska Air Group (NYSE:ALK), 9 have Buy rating, 0 Sell and 4 Hold. Therefore 69% are positive. Alaska Air Group had 49 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was downgraded by Stifel Nicolaus to “Hold” on Tuesday, December 22. The stock has “Market Perform” rating by Cowen & Co on Thursday, February 9. The firm has “Outperform” rating by Cowen & Co given on Friday, December 4. The company was maintained on Friday, January 22 by Credit Suisse. The company was downgraded on Tuesday, June 14 by Raymond James. The stock of Alaska Air Group, Inc. (NYSE:ALK) earned “Outperform” rating by Cowen & Co on Tuesday, August 18. Deutsche Bank maintained Alaska Air Group, Inc. (NYSE:ALK) on Friday, July 24 with “Hold” rating. The company was maintained on Friday, October 23 by Stifel Nicolaus. The stock has “Neutral” rating by Bank of America on Tuesday, April 5. Stifel Nicolaus maintained Alaska Air Group, Inc. (NYSE:ALK) on Monday, May 29 with “Buy” rating.

Alaska Air Group, Inc. is the holding firm of Alaska Airlines , Virgin America Inc., Horizon Air (Horizon) and other business units. The company has market cap of $9.30 billion. The Firm operates through three divisions: Mainline, Regional and Horizon. It has a 12.22 P/E ratio. The Company’s 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.

More notable recent Alaska Air Group, Inc. (NYSE:ALK) news were published by: Fool.com which released: “3 Value Stocks for Conservative Investors” on September 14, 2017, also Prnewswire.com with their article: “Alaska Air Group reports August 2017 operational results” published on September 11, 2017, Seekingalpha.com published: “Alaska Air Group: An Opportunity In A Pricey Market” on August 28, 2017. More interesting news about Alaska Air Group, Inc. (NYSE:ALK) were released by: Zacks.com and their article: “Alaska Air Group Arm-Singapore Airlines Deal to Aid Flyers” published on August 31, 2017 as well as Zacks.com‘s news article titled: “Alaska Air Group Delivers Impressive August Traffic Data” with publication date: September 12, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.