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 #4 (Sell), but that could definitely change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank stocks here. 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 $2.20 per share in the third quarter of 2016 beating the Zacks Consensus Estimate of $2.05. Earnings increased 2% compared to the third quarter of 2015.
Revenue: Revenues came in at $1.57 billion, edging past the Zacks Consensus Estimate of $1.55 billion. The top line grew 3% on a year-over-year basis.
Key stats: The carrier shelled out a quarterly cash dividend worth 27.5 cents per-share in the third quarter, up 38% year over year. The carrier exited the quarter with $3.2 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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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 #4 (Sell), but that could definitely change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank stocks here. 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 $2.20 per share in the third quarter of 2016 beating the Zacks Consensus Estimate of $2.05. Earnings increased 2% compared to the third quarter of 2015.
Revenue: Revenues came in at $1.57 billion, edging past the Zacks Consensus Estimate of $1.55 billion. The top line grew 3% on a year-over-year basis.
Key stats: The carrier shelled out a quarterly cash dividend worth 27.5 cents per-share in the third quarter, up 38% year over year. The carrier exited the quarter with $3.2 billion in unrestricted cash and marketable securities.
Check back later for our full write up on this Alaska Air Group earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
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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