Alaska Air GroupALK , 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 #3 (Hold), 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 $1.45 per share in the first quarter of 2016 beating the Zacks Consensus Estimate of $1.42. Earnings increased 29% compared to the first quarter of 2015.
Revenue : Revenues came in at $1.35 billion, edging past the Zacks Consensus Estimate of $1.34 billion. The top line grew 6% on a year-over-year basis.
Key stats : The company repurchased 1.7 million shares for $127 million in the first quarter of 2016. The carrier shelled out a quarterly cash dividend worth $0.275 per-share in the first 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 >>
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
ALASKA AIR GRP (ALK): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
