In the latest session, Alaska Air Group Inc. (NYSE: ALK) closed at $37.39 down -1.81% from its previous closing price of $38.08. In other words, the price has decreased by -$0.69 from its previous closing price. On the day, 2645197 shares were traded.
Ratios:
For a deeper understanding of Alaska Air Group Inc.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.58 and its Current Ratio is at 0.61. In the meantime, Its Debt-to-Equity ratio is 0.93 whereas as Long-Term Debt/Eq ratio is at 0.80.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Deutsche Bank on February 20, 2024, Upgraded its rating to Buy and sets its target price to $51 from $44 previously.
On January 26, 2024, TD Cowen reiterated its Outperform rating and also upped its target price recommendation from $45 to $40.
Susquehanna Downgraded its Positive to Neutral on January 10, 2024, whereas the target price for the stock was revised from $39 to $40.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 28 when HARRISON ANDREW R sold 6,500 shares for $38.36 per share. The transaction valued at 249,348 led to the insider holds 26,048 shares of the business.
MINICUCCI BENITO bought 56 shares of ALK for $2,031 on Dec 07. The CEO AND PRESIDENT now owns 119,942 shares after completing the transaction at $36.27 per share. On Jun 08, another insider, MINICUCCI BENITO, who serves as the CEO AND PRESIDENT of the company, sold 5,000 shares for $48.73 each. As a result, the insider received 243,659 and left with 114,506 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ALK now has a Market Capitalization of 4.80B and an Enterprise Value of 6.83B. As of this moment, Alaska’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.68, and their Forward P/E ratio for the next fiscal year is 6.22. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.54. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.45 while its Price-to-Book (P/B) ratio in mrq is 1.15. Its current Enterprise Value per Revenue stands at 0.65 whereas that against EBITDA is 16.38.
Stock Price History:
Over the past 52 weeks, ALK has reached a high of $57.18, while it has fallen to a 52-week low of $30.75. The 50-Day Moving Average of the stock is 37.41, while the 200-Day Moving Average is calculated to be 40.94.
Shares Statistics:
For the past three months, ALK has traded an average of 3.77M shares per day and 2.02M over the past ten days. A total of 126.09M shares are outstanding, with a floating share count of 125.57M. Insiders hold about 0.38% of the company’s shares, while institutions hold 82.01% stake in the company. Shares short for ALK as of Feb 15, 2024 were 3.16M with a Short Ratio of 0.84, compared to 3.07M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.51% and a Short% of Float of 2.85%.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 1.95. The current Payout Ratio is 0.00% for ALK, which recently paid a dividend on Mar 05, 2020 with an ex-dividend date of Feb 14, 2020. Stock splits for the company last occurred on Jul 10, 2014 when the company split stock in a 2:1 ratio.
Earnings Estimates
There are 13 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$1.12 for the current quarter, with a high estimate of -$0.59 and a low estimate of -$1.9, while EPS last year was -$0.62. The consensus estimate for the next quarter is $2.02, with high estimates of $2.47 and low estimates of $1.46.
Analysts are recommending an EPS of between $5.3 and $2.95 for the fiscal current year, implying an average EPS of $4.27. EPS for the following year is $6.01, with 13 analysts recommending between $7.1 and $5.35.
Revenue Estimates
A total of 11 analysts believe the company’s revenue will be $2.11B this quarter.It ranges from a high estimate of $2.29B to a low estimate of $1.92B. As of the current estimate, Alaska Air Group Inc.’s year-ago sales were $2.2B, an estimated decrease of -4.00% from the year-ago figure. For the next quarter, 11 analysts are estimating revenue of $2.86B, an increase of 0.60% over than the figure of -$4.00% in the same quarter last year. There is a high estimate of $3.01B for the next quarter, whereas the lowest estimate is $2.74B.
A total of 12 analysts have provided revenue estimates for ALK’s current fiscal year. The highest revenue estimate was $11.02B, while the lowest revenue estimate was $10.31B, resulting in an average revenue estimate of $10.61B. In the same quarter a year ago, actual revenue was $10.17B, up 4.30% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $11.42B in the next fiscal year. The high estimate is $12.04B and the low estimate is $11.07B. The average revenue growth estimate for next year is up 7.70% from the average revenue estimate for this year.
