Alaska Air Group (NYSE:ALK) Earning Favorable Press Coverage, Report Finds
News headlines about Alaska Air Group (NYSE:ALK) have trended positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Alaska Air Group earned a media sentiment score of 0.31 on Accern’s scale. Accern also gave news stories about the transportation company an impact score of 46.5318150952506 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- How To YieldBoost Alaska Air Group From 1.9% To 5.1% Using Options – Nasdaq (nasdaq.com)
- Alaska Air Group (ALK) Feb. RPM Increases 7.9%, ASM Up 9% – StreetInsider.com (streetinsider.com)
- Alaska Air updates on traffic (seekingalpha.com)
- Alaska Air Group reports February 2018 operational results (finance.yahoo.com)
- Alaska Air Group, Inc. (ALK) estimated to achieve -7.00% EPS growth for this year – Wallstreet Investorplace (wallstreetinvestorplace.com)
Several analysts have recently weighed in on the company. Morgan Stanley decreased their target price on Alaska Air Group from $86.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, January 26th. Barclays downgraded Alaska Air Group from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $90.00 to $80.00 in a report on Wednesday, January 10th. Cowen reiterated an “outperform” rating and issued a $84.00 target price (down from $93.00) on shares of Alaska Air Group in a report on Friday, January 26th. Standpoint Research started coverage on Alaska Air Group in a research note on Monday, December 18th. They set a “buy” rating and a $90.00 price target on the stock. Finally, Bank of America lowered Alaska Air Group from a “buy” rating to a “neutral” rating and set a $84.00 price target on the stock. in a research note on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $87.53.
Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Thursday, January 25th. The transportation company reported $0.83 EPS for the quarter, hitting the consensus estimate of $0.83. Alaska Air Group had a return on equity of 24.39% and a net margin of 12.96%. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the company posted $1.56 earnings per share. The firm’s revenue was up 28.7% compared to the same quarter last year. sell-side analysts forecast that Alaska Air Group will post 5.74 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 8th. Investors of record on Tuesday, February 20th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, February 16th. This is an increase from Alaska Air Group’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.89%. Alaska Air Group’s payout ratio is 15.46%.
In related news, CEO Gary L. Beck sold 6,360 shares of the company’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $65.10, for a total value of $414,036.00. Following the completion of the transaction, the chief executive officer now directly owns 3,316 shares in the company, valued at $215,871.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kyle B. Levine sold 1,503 shares of the company’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $65.00, for a total value of $97,695.00. Following the completion of the transaction, the vice president now owns 7,182 shares of the company’s stock, valued at $466,830. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,373 shares of company stock worth $884,697. Company insiders own 0.57% of the company’s stock.
Alaska Air Group Company Profile
Alaska Air Group, Inc is the holding company of Alaska Airlines (Alaska), Virgin America Inc, Horizon Air (Horizon) and other business units. The Company operates through three segments: Mainline, Regional and Horizon. Its Mainline segment includes Alaska’s and Virgin America’s scheduled air transportation for passengers and cargo throughout the United States, and in parts of Canada, Mexico, Costa Rica and Cuba.
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