Media coverage about Alaska Air Group (NYSE:ALK) has been trending positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by analyzing more than 20 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 0.30 on Accern’s scale. Accern also gave media stories about the transportation company an impact score of 46.7229680159172 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s analysis:
- Investor scoops up Burlingame office building for $110 million (finance.yahoo.com)
- Reviewing Air France-KLM (AFLYY) & Alaska Air Group (ALK) (americanbankingnews.com)
- Market Capitalization (MKT) under Review: Petroleo Brasileiro SA – Petrobras (NYSE:PBR), Tesaro, Inc. (NASDAQ … (stocksnewspoint.com)
- A Teenager Offered ‘Extraordinary’ Help to a Disabled Passenger on Alaska Airlines. Their Remarkable Story Went Viral (inc.com)
- Stupefying Stocks: Paramount Group, Inc., (NYSE: PGRE), Alaska Air Group, Inc., (NYSE: ALK) (globalexportlines.com)
Shares of ALK stock opened at $60.01 on Thursday. The firm has a market capitalization of $7.61 billion, a price-to-earnings ratio of 9.04 and a beta of 0.76. The company has a quick ratio of 0.69, a current ratio of 0.71 and a debt-to-equity ratio of 0.60. Alaska Air Group has a one year low of $57.53 and a one year high of $95.75.
Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Monday, April 23rd. The transportation company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Alaska Air Group had a net margin of 11.64% and a return on equity of 20.43%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.12 earnings per share. equities research analysts predict that Alaska Air Group will post 4.87 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 7th. Stockholders of record on Tuesday, May 22nd were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend was Monday, May 21st. Alaska Air Group’s dividend payout ratio is presently 19.28%.
ALK has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Alaska Air Group from a “sell” rating to a “hold” rating in a research report on Tuesday, March 27th. Morgan Stanley raised their target price on shares of Alaska Air Group from $74.00 to $79.00 and gave the company an “overweight” rating in a research report on Monday, April 16th. Citigroup raised their target price on shares of Alaska Air Group from $69.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, April 16th. Stifel Nicolaus reiterated a “buy” rating and issued a $110.00 price target on shares of Alaska Air Group in a research note on Monday, April 23rd. Finally, TheStreet cut shares of Alaska Air Group from a “b-” rating to a “c+” rating in a research note on Monday, April 2nd. Three analysts have rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $84.00.
In other news, EVP Andrew R. Harrison sold 1,600 shares of the firm’s stock in a transaction dated Friday, May 25th. The shares were sold at an average price of $61.87, for a total transaction of $98,992.00. Following the completion of the sale, the executive vice president now owns 22,492 shares in the company, valued at approximately $1,391,580.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.56% of the company’s stock.
Alaska Air Group Company Profile
Alaska Air Group, Inc, through its subsidiaries, provides passengers and cargo air transportation services. It also focuses on providing ground and ramp handling services to airlines. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 118 destinations across the United States, Mexico, Canada, and Costa Rica.
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