Momentum Stock in Focus: Alaska Air Group, Inc. (NYSE:ALK)

Alaska Air Group, Inc. (NYSE:ALK) reported earnings for the three months ended Mar2016 on April 21, 2016. The company earned $1.45 per share on revenue of $1.35B. Analysts had been modeling earning per share of $1.42 with $1.34B in revenue.

Alaska Air Group, Inc., through its subsidiaries, provides passengers and cargo air transportation services primarily in the United States. The company operates through three segments: Alaska Mainline, Alaska Regional, and Horizon. It serves approximately 100 cities in Alaska, the Lower 48, Hawaii, Canada, Mexico, and Costa Rica. As of December 31, 2015, the company’s fleet consisted of 147 Boeing 737 jet aircraft; and 52 Bombardier Q400 turboprop aircraft. The company was founded in 1932 and is based in Seattle, Washington.

Alaska Air Group, Inc. earnings per share showed an increasing trend of 48.2% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 764%.Analysts project EPS growth over the next 5 years at 9.76%. It has EPS annual growth over the past 5 fiscal years of 30.9% when sales grew 7.9. It reported 6.1% sales growth, and 30.3% EPS growth in the last quarter.

The stock is trading at $66.4, up 15.7% from 52-week low of $58.15. The stock trades down -23.21% from its peak of $87.17 and 33.22% above the consensus price target of $88.46. Its volume clocked up at 1.33 million shares which is lower than the average volume of 1.9 million shares. Its market capitalization currently stands at $8.24B.