Alaska Air Group (ALK - Free Report) , is the holding company of Alaska Airlines, which, together with its partner regional airlines, serves more than 100 cities through North America. The company is headquartered in Seattle, Washington.
Zacks Rank: Currently, Alaska Air Group has a Zacks Rank #5 (Strong Sell), but that could definitely change following the company’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Alaska Air Group reported earnings (on an adjusted basis) of $2.12 per share in the second quarter of 2016 beating the Zacks Consensus Estimate of $2.08. Earnings increased 20% compared to the second quarter of 2015. Results were aided by low fuel costs.
Revenue: Revenues came in at $1.49 billion, roughly in line with the Zacks Consensus Estimate. The top line grew 4% on a year-over-year basis.
Guidance: The carrier shelled out a quarterly cash dividend worth $0.275 per-share in the second quarter, up 38% year over year. The carrier exited the quarter with $1.6 billion in unrestricted cash and marketable securities.
Check back later for our full write up on this Alaska Air Group earnings report later!
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Alaska Air Group (ALK - Free Report) , is the holding company of Alaska Airlines, which, together with its partner regional airlines, serves more than 100 cities through North America. The company is headquartered in Seattle, Washington.
Zacks Rank: Currently, Alaska Air Group has a Zacks Rank #5 (Strong Sell), but that could definitely change following the company’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Alaska Air Group reported earnings (on an adjusted basis) of $2.12 per share in the second quarter of 2016 beating the Zacks Consensus Estimate of $2.08. Earnings increased 20% compared to the second quarter of 2015. Results were aided by low fuel costs.
Revenue: Revenues came in at $1.49 billion, roughly in line with the Zacks Consensus Estimate. The top line grew 4% on a year-over-year basis.
Guidance: The carrier shelled out a quarterly cash dividend worth $0.275 per-share in the second quarter, up 38% year over year. The carrier exited the quarter with $1.6 billion in unrestricted cash and marketable securities.
Check back later for our full write up on this Alaska Air Group earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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