Zacks Research Expects Higher Earnings for Alaska Air Group

Alaska Air Group, Inc. (NYSE:ALK) – Equities researchers at Zacks Research lifted their Q2 2028 earnings estimates for Alaska Air Group in a research note issued to investors on Thursday, June 25th. Zacks Research analyst Team now anticipates that the transportation company will earn $1.87 per share for the quarter, up from their previous forecast of $1.83. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Alaska Air Group’s current full-year earnings is ($0.70) per share.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Monday, April 20th. The transportation company reported ($1.68) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.61) by ($0.07). The company had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.31 billion. Alaska Air Group had a net margin of 0.51% and a return on equity of 4.96%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the business earned ($0.77) EPS. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS.

Several other brokerages have also recently commented on ALK. BMO Capital Markets upped their target price on shares of Alaska Air Group from $42.50 to $55.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Morgan Stanley reduced their price target on Alaska Air Group from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Citigroup reaffirmed a “sell” rating and set a $47.00 price objective (up from $32.00) on shares of Alaska Air Group in a research note on Friday, June 26th. UBS Group reissued a “buy” rating and issued a $62.00 target price (up from $56.00) on shares of Alaska Air Group in a research note on Tuesday, June 23rd. Finally, Bank of America raised their target price on Alaska Air Group from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday. Eleven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Alaska Air Group currently has an average rating of “Moderate Buy” and a consensus target price of $64.00.

Alaska Air Group Trading Down 1.7%

Shares of NYSE ALK opened at $51.30 on Thursday. Alaska Air Group has a fifty-two week low of $33.03 and a fifty-two week high of $65.88. The firm has a market capitalization of $5.72 billion, a P/E ratio of 96.79 and a beta of 1.29. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.43 and a quick ratio of 0.39. The company’s 50 day simple moving average is $43.81 and its 200 day simple moving average is $46.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Atlas Capital Advisors Inc. acquired a new position in shares of Alaska Air Group in the 4th quarter valued at approximately $26,000. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Alaska Air Group in the third quarter valued at approximately $28,000. First Command Advisory Services Inc. boosted its holdings in shares of Alaska Air Group by 242.5% in the fourth quarter. First Command Advisory Services Inc. now owns 685 shares of the transportation company’s stock valued at $34,000 after buying an additional 485 shares during the period. SBI Securities Co. Ltd. increased its position in shares of Alaska Air Group by 30.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 910 shares of the transportation company’s stock worth $46,000 after acquiring an additional 212 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in shares of Alaska Air Group by 32.5% during the first quarter. Parallel Advisors LLC now owns 1,570 shares of the transportation company’s stock worth $58,000 after acquiring an additional 385 shares in the last quarter. 81.90% of the stock is owned by institutional investors and hedge funds.

Alaska Air Group Company Profile

Alaska Air Group is a publicly traded holding company headquartered in Seattle, Washington, that operates two main airlines—Alaska Airlines and Horizon Air. Through these carriers, the company offers scheduled passenger and cargo services across a network spanning the United States, Canada and Mexico. Its core business activities include domestic and international air transportation, loyalty program management under the Mileage Plan brand, and ancillary revenue streams such as baggage fees, in-flight sales and code-share partnerships with other global airlines.

The roots of Alaska Air Group trace back to the foundation of its flagship carrier, Alaska Airlines, in 1932.