Zacks Research Issues Optimistic Estimate for ALK Earnings

Alaska Air Group, Inc. (NYSE:ALK) – Investment analysts at Zacks Research lifted their Q2 2027 EPS estimates for shares of Alaska Air Group in a report issued on Tuesday, August 11th. Zacks Research analyst Team now anticipates that the transportation company will post earnings of $1.93 per share for the quarter, up from their previous estimate of $1.71. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Alaska Air Group’s current full-year earnings is ($0.73) per share. Zacks Research also issued estimates for Alaska Air Group’s FY2028 earnings at $9.99 EPS.

ALK has been the subject of a number of other reports. Citigroup decreased their price objective on Alaska Air Group from $47.00 to $37.00 and set a “sell” rating for the company in a report on Friday, July 24th. Barclays set a $65.00 target price on Alaska Air Group and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. Wall Street Zen downgraded Alaska Air Group from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 5th. Evercore set a $60.00 price target on shares of Alaska Air Group in a research note on Friday, April 17th. Finally, Morgan Stanley lowered their price objective on shares of Alaska Air Group from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Eleven investment 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. According to MarketBeat.com, Alaska Air Group presently has an average rating of “Moderate Buy” and an average target price of $65.65.

Alaska Air Group Stock Performance

Shares of Alaska Air Group stock opened at $48.35 on Wednesday. The firm has a market cap of $5.39 billion, a price-to-earnings ratio of -30.80 and a beta of 1.29. The stock’s 50-day moving average is $48.12 and its 200-day moving average is $45.79. Alaska Air Group has a one year low of $33.03 and a one year high of $65.88. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.55 and a quick ratio of 0.51.

Alaska Air Group (NYSE:ALK) last released its earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.99) by $0.07. The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.09 billion. Alaska Air Group had a negative return on equity of 3.11% and a negative net margin of 1.19%.The company’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.42 EPS. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS.

Insider Buying and Selling at Alaska Air Group

In other news, EVP Andrew R. Harrison sold 5,300 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $49.67, for a total value of $263,251.00. Following the completion of the transaction, the executive vice president owned 25,528 shares in the company, valued at $1,267,975.76. This trade represents a 17.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. lifted its stake in Alaska Air Group by 30.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 910 shares of the transportation company’s stock valued at $46,000 after buying an additional 212 shares during the period. Northwestern Mutual Investment Management Company LLC grew its position in shares of Alaska Air Group by 1.0% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 25,951 shares of the transportation company’s stock worth $1,305,000 after buying an additional 249 shares during the period. Bradley Foster & Sargent Inc. CT increased its stake in shares of Alaska Air Group by 2.0% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 14,647 shares of the transportation company’s stock valued at $737,000 after acquiring an additional 281 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Alaska Air Group by 1.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 23,499 shares of the transportation company’s stock valued at $864,000 after acquiring an additional 300 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in shares of Alaska Air Group by 0.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 38,414 shares of the transportation company’s stock valued at $1,932,000 after acquiring an additional 313 shares during the period. 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.