Buy, Sell, Or Hold Alaska Air Stock? [Forbes]
Alaska Air Group, Inc. (ALK)
Last alaska air group, inc. earnings: 1/28 04:01 pm
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US:NYSE Investor Relations:
investor.alaskaair.com/investors
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Source: Forbes
Getty Images Alaska Air stock (NYSE: ALK) is up nearly 20% in this month after the company raised its Q4 outlook. Alaska now expects its Q4 earnings to be in the range of $0.40 and $0.50 per share, versus its prior guidance of $0.20 to $0.40. The company will benefit from its recently closed acquisition of Hawaiian Airlines. It also announced the “Alaska Accelerate” program, which aims at $500 million in cost synergies, $1 billion in incremental profits, and earnings of at least $10 per share by 2027. Looking at a slightly longer period, Alaska has seen its stock rise 48% from levels of $43 in early 2023 to $63 now. This can be attributed to: a rise in the company's trailing P/E ratio from 10x in 2022 to 15x now; partly offset by a fall in the company's adjusted earnings from $4.35 in 2022 to $4.18 now. Let's dive deeper into these factors. Separately, if you want upside with a smoother ride than an individual stock, consider the High-Quality portfolio which has outperforme
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News
- Alaska Air Group (ALK) Increases Yet Falls Behind Market: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- Why Investors Need to Take Advantage of These 2 Transportation Stocks Now [Yahoo! Finance]Yahoo! Finance
- 25 top stocks to buy for up to 97% upside heading into 2025: UBS [Business Insider]Business Insider
- Alaska Airlines selected to connect San Diego and Ronald Reagan Washington National Airport with nonstop servicePR Newswire
- Alaska Air Group (ALK) Exceeds Market Returns: Some Facts to Consider [Yahoo! Finance]Yahoo! Finance
ALK
Earnings
- 10/31/24 - In-Line
ALK
Sec Filings
- 12/19/24 - Form 4
- 12/19/24 - Form 4
- 12/19/24 - Form 4
- ALK's page on the SEC website