Reduction in this key ratio generally implies that the company’s ability to generate cash is on the fall. Moreover, a current ratio of less than 1 often implies that the company doesn’t have enough liquid assets to cover its short-term liabilities. On a shareholder-friendly note, ALK’s management resumed share buybacks this year.
- ODFL delivered a trailing four-quarter earnings surprise of 3.86%, on average.
- Since then, ALK shares have decreased by 23.0% and is now trading at $33.07.
- ALK repurchased 871,987 shares for ~$39 million in the quarter, bringing total repurchases to $57 million for the six months ended June 30, 2023.
- Please log in to your account or sign up in order to add this asset to your watchlist.
- The newly minted shares were distributed to shareholders after the closing bell on Wednesday, July 9th 2014.
Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
Airline Stock Roundup: UAL, ALK & LUV’s Q3 Fuel Cost Warning, HA’s Dull View
These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook. The airline’s stock has dropped by 14.53% in the past month, falling short of the Transportation sector’s loss of 3.22% and the S&P 500’s loss of 2.4%.
However, expenses related to fuel prices are likely to have weighed on ALK’s bottom-line growth. Alaska Air now expects the fuel cost per gallon in the $3.15-$3.25 band (the earlier guidance was in the $2.7-$2.8 range). Alaska Air Group updated its third quarter 2023 earnings guidance on Wednesday, September, 13th. The company review what works on wall street issued revenue guidance of $2.86 billion-$2.88 billion, compared to the consensus revenue estimate of $2.88 billion. Alaska Air Group saw a increase in short interest in September. As of September 30th, there was short interest totaling 4,320,000 shares, an increase of 14.9% from the September 15th total of 3,760,000 shares.
Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company’s anticipated earnings growth rate. ALK’s industry had an average PEG ratio of 0.32 as of yesterday’s close. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 14.44% decrease. At present, Alaska Air Group boasts a Zacks Rank of #3 (Hold).
ALK Alaska Air Group Inc.
Delta shares rose after CEO Ed Bastian acknowledged the company may have gone too far with changes to its loyalty program, and promised modifications. Alaska Air Group, Inc. (ALK Quick QuoteALK – Free Report) is scheduled to report third-quarter 2023 results on Oct 19, before market open. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. ALK earnings call for the period ending September 30, 2022. ALK earnings call for the period ending December 31, 2022.
Buyouts and Shareholder-Friendly Policies Aid S&P Global (SPGI)
Alaska Air Group’s stock split on Thursday, July 10th 2014. The newly minted shares were distributed to shareholders after the closing bell on Wednesday, July 9th 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.
Here’s Why Investors Should Retain Alaska Air (ALK) Stock Now
Based on an average daily trading volume, of 1,930,000 shares, the short-interest ratio is presently 2.2 days. 10 Wall Street analysts how to write an effective software development rfp have issued 12 month price objectives for Alaska Air Group’s stock. Their ALK share price forecasts range from $41.00 to $70.00.
It ended the quarter with a debt-to-capitalization ratio of 48%. Alaska Air reported an operating income of 337 million (+80% Y/Y). Alkemy Capital Investments’ stock was trading at GBX 245 on January 1st, 2023. Since then, ALK shares have decreased by 53.5% and is now trading at GBX 114.
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On average, they anticipate the company’s share price to reach $60.63 in the next twelve months. This suggests a possible upside of 83.3% from the stock’s current price. View analysts price targets for ALK or view top-rated stocks among Wall Street analysts. ALK reported second-quarter FY23 operating revenue growth of 7% year-over-year to $2.84 billion, beating the consensus of $2.77 billion.
In fact, the company has an impressive earnings surprise history. R has surpassed the Zacks Consensus Estimate in three of the last four quarters (missing the mark once), the average beat being 11.2%. On the back of upbeat air-travel demand and favorable pricing, the company expects to boost its fleet and workforce to meet the anticipated high demand.
Alkane Resources Limited was incorporated in 1969 and is headquartered in West Perth, Australia. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements.
Enter your email address below to receive our daily newsletter that contains dividend stock ideas, ex-dividend stocks, and the latest dividend investing news. Strong demand and falling fuel prices have U.S. airlines in a position to post big profits in 2023. The airline industry is grappling with soaring fuel costs, but Delta, United, and Panama’s Copa are getting support at or above their 200-day moving averages. Our proven model predicts an earnings beat for Alaska Air this time around.
ALK expects third-quarter 2023 total revenues to increase in the 1-2% range from third-quarter 2022 actuals (the earlier projection was for a 0-3% increase). The company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the preceding four quarters and missing once, the average miss being 2.72%. The Zacks Consensus Estimate for third-quarter earnings has been revised 33.3% upward over the past 90 days. The investment community will be closely monitoring the performance of Alaska Air Group in its forthcoming earnings report. The company is scheduled to release its earnings on October 19, 2023.
The company is forecasted to report an EPS of $1.88, showcasing a 25.69% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue tokenexus opinion based on objective data of $2.88 billion, indicating a 1.7% upward movement from the same quarter last year. The Zacks Consensus Estimate for ODFL’s third-quarter 2023 earnings has been revised upward by 1.4% in the past 90 days.
