"ALGT reported 1Q EPS of $1.12 vs. our and consensus estimate of $1.01," Sterne Agee analysts wrote in a May 1 report. "1Q was a strong operating beat, with operating income of $36M coming in $2M better ($0.06 per share) than our estimate. Revenue was $1.6M below forecast, due largely to scheduled PRASM 80 bps below forecast. Lower fuel and labor unit labor cost more than offset the revenue shortfall. In particular, fuel efficiency was 4.5% better than forecast, accounting for the better fuel expense, driven by the effect of an increased number of more fuel efficient Boeing 757s in operation."Shares of Allegiant Travel hit a 52-week high on Tuesday of $64.70. The stock's 52-week low of $40.31 was set on Aug. 3. Allegiant's forward P/E is 13.36; the average for airlines is 6.8. For comparison, Delta Air Lines (DAL) has a lower forward P/E of 4.36. Eleven of the 18 analysts who cover Allegiant rated it buy. Six analysts gave the stock a hold rating and one rated it sell. The stock has gained 21.92% year to date.
Akorn "With a maturing ANDA pipeline, new opportunities in injectable drug shortages, recent expansion into the OTC ophthalmic segment, in tandem with additional opportunities to enhance its product portfolio through acquisitions, we continue to believe that Akorn is well positioned for 25% annual EPS growth over the next three years," Deutsche Bank analysts wrote in a May 9 report. Shares of Akorn hit a 52-week high Tuesday of $13.25. The stock's 52-week low of $6.18 was set on June 17. Akorn's forward P/E is 18.33; the average for pharmaceutical companies is 35.77. For comparison, Medicis Pharmaceutical (MRX) has a lower forward P/E of 12.17. Five of the six analysts who cover Akorn rated it buy; one analyst gave the stock a sell rating. The stock has risen 17.27% year to date.
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