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Alaska Air (ALK)
NYSE:ALK
Alaska Air (ALK) Stock Price & Analysis
2,389 Followers
ALK Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$30.75 - $57.18
Previous Close$42.72
Volume5.59M
Average Volume (3M)2.28M
Market Cap
$5.37B
Enterprise Value$7.40B
Total Cash (Recent Filing)$1.79B
Total Debt (Recent Filing)$3.82B
Price to Earnings (P/E)23.6
Beta1.07
Next Earnings
Apr 18, 2024EPS Estimate
-$1.05Last Dividend Ex-Date
Feb 14, 2020Dividend YieldN/A
Share Statistics
EPS (TTM)1.81
Shares Outstanding126,048,946
10 Day Avg. Volume2,472,177
30 Day Avg. Volume2,281,364
Standard Deviation0.13
R-Squared0.47
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)2.47
Price to Sales (P/S)0.52
Price to Cash Flow (P/CF)-24.30
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.74
Enterprise Value/Gross Profit0.98
Enterprise Value/Ebitda15.04
Forecast
1Y Price Target
$45.79Price Target Upside3.04% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
Alaska Air News
PremiumCompany Announcements
Alaska Air Issues Operational and Financial Outlook Update
Bulls Say, Bears Say
Bulls Say
Corporate Financial HealthAlaska Air maintains an investment grade rating, which supports negotiations with various counterparties and could help finance the acquisition of Hawaiian Airlines.
Earnings PerformanceAlaska reported a Dec Q beat and introduced FY 2024 EPS guidance of $3.00 to $5.00, reflecting confidence in the company's financial outlook.
Operational PerformanceManagement is optimistic about the recovery in West Coast demand, driven by improvements in big tech business travel and normalization of demand in Maui.
Bears Say
Financial PerformanceThe company’s FY 2024 EPS guidance was beneath consensus expectations.
Future OutlookThe outlook for 2024 is clouded by likely challenges, including potential delays in aircraft deliveries which may risk the company's growth targets.
Operational ChallengesThe grounding of the MAX9 fleet is expected to cause a significant financial headwind to the company's results, primarily impacting revenue.
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Ownership Overview
0.93% Insiders
41.62% Mutual Funds
26.96% Other Institutional Investors
30.49% 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 Apr 18, 2024 which is yesterday.
How were Alaska Air’s earnings last quarter?
Alaska Air released its earnings results on Jan 25, 2024. The company reported $0.3 earnings per share for the quarter, beating the consensus estimate of $0.181 by $0.119.
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 -$1.05.
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 $0.3 in its last earnings report, beating expectations of $0.181. Following the earnings report the stock price went up 4.467%.
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:
$45.79 (3.04% Upside)
$45.79 (3.04% Upside)
Blogger Sentiment
Bullish
ALK Sentiment 63%
Sector Average 69%
Sector Average 69%
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
Negative
Last 7 Days >0.1%
Last 30 Days ▼ 1.7%
Last 30 Days ▼ 1.7%
News Sentiment
Very Bearish
Bullish news 0%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Positive
20 days / 200 days
Momentum
0.18%
12-Months-Change
Fundamentals
Return on Equity
5.93%
Trailing 12-Months
Asset Growth
3.18%
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
Q4 2024
0:00 / 0:00
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ALK Stock 12 Months Forecast
Average Price Target
$45.79
▲(3.04% Upside)
Technical Analysis
Best Analysts Covering ALK
1 Year
1 Year Success Rate
25/41 ratings generated profit
1 Year Average Return
+11.38%
reiterated a buy rating 15 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 +11.38% per trade.
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