Zacks Research Lifts Earnings Estimates for Alaska Air Group

Alaska Air Group, Inc. (NYSE:ALK) – Zacks Research increased their FY2028 earnings per share (EPS) estimates for Alaska Air Group in a report released on Monday, May 4th. Zacks Research analyst Team now anticipates that the transportation company will post earnings of $9.61 per share for the year, up from their previous forecast of $9.18. Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for Alaska Air Group’s current full-year earnings is ($0.22) per share.

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

Several other equities research analysts have also commented on the company. Bank of America lowered their price objective on Alaska Air Group from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. UBS Group reiterated a “buy” rating and issued a $54.00 price objective (up from $53.00) on shares of Alaska Air Group in a research report on Wednesday, April 15th. TD Cowen reduced their target price on Alaska Air Group from $63.00 to $54.00 and set a “buy” rating for the company in a research note on Monday, March 9th. Evercore set a $60.00 price objective on Alaska Air Group in a report on Friday, April 17th. Finally, Morgan Stanley cut their price objective on shares of Alaska Air Group from $80.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Eleven analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $61.85.

Alaska Air Group Trading Down 4.1%

Shares of NYSE ALK opened at $36.97 on Tuesday. The business has a fifty day moving average price of $41.85 and a 200 day moving average price of $46.09. 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 stock has a market capitalization of $4.19 billion, a P/E ratio of 69.75 and a beta of 1.25. Alaska Air Group has a 1-year low of $33.03 and a 1-year high of $65.88.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Brighton Jones LLC raised its stake in shares of Alaska Air Group by 2,046.4% in the 4th quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company’s stock valued at $6,276,000 after acquiring an additional 92,416 shares during the period. Empowered Funds LLC boosted its position in shares of Alaska Air Group by 60.2% in the first quarter. Empowered Funds LLC now owns 6,423 shares of the transportation company’s stock worth $316,000 after buying an additional 2,414 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Alaska Air Group by 81.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 340,258 shares of the transportation company’s stock valued at $16,747,000 after buying an additional 152,953 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Alaska Air Group during the 1st quarter valued at about $1,318,000. Finally, Invesco Ltd. lifted its position in Alaska Air Group by 2.7% during the 2nd quarter. Invesco Ltd. now owns 357,520 shares of the transportation company’s stock worth $17,690,000 after acquiring an additional 9,307 shares in the last quarter. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Alaska Air Group

In related news, EVP Andrew R. Harrison sold 14,500 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $54.81, for a total value of $794,745.00. Following the completion of the sale, the executive vice president directly owned 20,195 shares of the company’s stock, valued at $1,106,887.95. The trade was a 41.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kyle B. Levine sold 2,945 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $60.02, for a total value of $176,758.90. Following the completion of the sale, the executive vice president directly owned 20,977 shares of the company’s stock, valued at approximately $1,259,039.54. This trade represents a 12.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 56,945 shares of company stock valued at $3,204,569 in the last ninety days. Insiders own 1.00% of the company’s stock.

About Alaska Air Group

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.