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Alaska Air (ALK)
NYSE:ALK
Alaska Air (ALK) Stock Price & Analysis
2,393 Followers
ALK Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$30.75 - $57.18
Previous Close$45.01
Volume611.13K
Average Volume (3M)2.36M
Market Cap
$5.71B
Enterprise Value$7.69B
Total Cash (Recent Filing)$1.79B
Total Debt (Recent Filing)$3.82B
Price to Earnings (P/E)24.0
Beta1.05
Next Earnings
Jul 18, 2024EPS Estimate
$2.3Last Dividend Ex-Date
Feb 14, 2020Dividend YieldN/A
Share Statistics
EPS (TTM)1.87
Shares Outstanding126,048,946
10 Day Avg. Volume2,694,442
30 Day Avg. Volume2,358,810
Standard Deviation0.13
R-Squared0.47
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)2.73
Price to Sales (P/S)0.54
Price to Cash Flow (P/CF)-26.80
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.77
Enterprise Value/Gross Profit1.01
Enterprise Value/Ebitda15.63
Forecast
1Y Price Target
$55.00Price Target Upside21.08% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
Alaska Air News
Bulls Say, Bears Say
Bulls Say
Corporate Travel And Operational StrengthAlaska Air Group's optimistic outlook is bolstered by the resurgence of corporate travel and high utilization rates, reflecting a robust operational performance.
Earnings And ForecastsAfter outperforming earnings estimates and raising future EPS forecasts, Alaska Air Group has increased investor confidence with a raised full year EPS estimate.
Financial Health And PerformanceALK's balance sheet continues to stand out with net leverage now just 1.0x, showcasing a stronger financial position compared to its peers.
Bears Say
Financial PerformanceThe company’s FY 2024 EPS guidance was beneath consensus expectations.
Operational ChallengesThe 737 MAX 9 grounding is expected to drive a $150 million Mar Q headwind, primarily driven by revenue.
Revenue ImpactDuring 4Q23 Alaska total unit revenue declined 9% vs. total unit cost down 7% leading to a pre-tax margin of 2.2% vs. 6.5% in 4Q22.
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Ownership Overview
0.93% Insiders
41.63% Mutual Funds
26.96% Other Institutional Investors
30.48% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
The estimated number of people who visited one or more of the websites owned by Alaska Air
Desktop Users
Mobile Users
ALK FAQ
What was Alaska Air’s price range in the past 12 months?
Alaska Air lowest stock price was $30.75 and its highest was $57.18 in the past 12 months.
What is Alaska Air’s market cap?
Currently, no data Available
When is Alaska Air’s upcoming earnings report date?
Alaska Air’s upcoming earnings report date is Jul 18, 2024 which is in 87 days.
How were Alaska Air’s earnings last quarter?
Alaska Air released its earnings results on Apr 18, 2024. The company reported -$0.92 earnings per share for the quarter, beating the consensus estimate of -$1.047 by $0.127.
Is Alaska Air overvalued?
According to Wall Street analysts Alaska Air’s price is currently Undervalued.
Does Alaska Air pay dividends?
Alaska Air pays a Quarterly dividend of $0.38 which represents an annual dividend yield of N/A. See more information on Alaska Air dividends here
What is Alaska Air’s EPS estimate?
Alaska Air’s EPS estimate is $2.3.
How many shares outstanding does Alaska Air have?
Alaska Air has 125,799,370 shares outstanding.
What happened to Alaska Air’s price movement after its last earnings report?
Alaska Air reported an EPS of -$0.92 in its last earnings report, beating expectations of -$1.047. Following the earnings report the stock price went up 4.026%.
Which hedge fund is a major shareholder of Alaska Air?
Among the largest hedge funds holding Alaska Air’s share is PRIMECAP Management Co. It holds Alaska Air’s shares valued at 151M.
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Alaska Air Stock Smart Score
Neutral
1
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Analyst Consensus
Strong Buy
Average Price Target:
$55.00 (21.08% Upside)
$55.00 (21.08% Upside)
Blogger Sentiment
Bullish
ALK Sentiment 63%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 89.9K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $249.3K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.1%
Last 30 Days ▼ 3.9%
Last 30 Days ▼ 3.9%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
3.11%
12-Months-Change
Fundamentals
Return on Equity
6.39%
Trailing 12-Months
Asset Growth
3.62%
Trailing 12-Months
Company Description
Alaska Air
Alaska Air Group, Inc. is a holding company, which through its subsidiaries, Alaska Airlines, Inc. and Horizon Air Industries, Inc., engages in the provision of air transportation services. It operates through three segments: Alaska Mainline, Alaska Regional and Horizon. The Alaska Mainline segment includes flying Boeing 737 jets and all associated revenues and costs. The Alaska Regional segment records actual on-board passenger revenue, less costs such as fuel, distribution costs, and payments made to Horizon, SkyWest and PenAir under the respective Capacity Purchase Agreements. The Horizon segment operates turboprop Q400 aircraft. The company was founded in 1985 and is headquartered in Seattle, WA.
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ALK Earnings Call
Q1 2024
0:00 / 0:00
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ALK Stock 12 Months Forecast
Average Price Target
$55.00
▲(21.08% Upside)
Technical Analysis
Best Analysts Covering ALK
1 Year
1 Year Success Rate
25/41 ratings generated profit
1 Year Average Return
+12.15%
reiterated a buy rating 19 days ago
Copying Helane Becker's trades and holding each position for 1 Year would result in 60.98% of your transactions generating a profit, with an average return of +12.15% per trade.
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