Should You Invest In Darden Restaurants, Inc. (DRI), Alaska Air Group, Inc. (ALK), and Progressive Corp (PGR)?
New York, NY – GDP INSIDER – 12/17/2014.
This investment analysis article discusses Darden Restaurants, Inc.(NYSE:DRI), Alaska Air Group, Inc.(NYSE:ALK), and Progressive Corp(NYSE:PGR)
Darden Restaurants, Inc.(NYSE:DRI) reported its second quarter financial results yesterday. The figures included a total sales from continuing operations of $1.56 billion, which represents a $0.07 billion increase from the $1.49 billion figure recorded during the same period of the previous fiscal year. The company had a trading volume of 2.25 million yesterday, which is 0.46 million greater than its three month average volume of 1.79 million. Investor interest in Darden Restaurants Inc. appears to be on the rise. It should be noted that the company’s financial results report was released after the markets closed, meaning tomorrow could be another active day.
Alaska Air Group, Inc.(NYSE:ALK) announced on Dec. 15th that it would be launching a new entertainment service on all of its 737 plans, with plans to equip all of its planes by Apr. 2015. Through the service, called Alaska Beyond, customers will be able to watch movies on their Wi-Fi-enabled electronic devices. The stock finished yesterday’s trading at a closing price of $55.68 after a 3.42% loss of $1.97. This figure is just $4.31 below Alaska Air Group Inc.’s 52 week high of $59.97.
Progressive Corp(NYSE:PGR) announced yesterday that it would be acquiring a controlling interest in ARX Holding Corp., which is the parent company of American Strategic Insurance and its affiliates. The total cost of the acquisition is approximately $875 million in cash. The company has a dividend of $0.49, a yield of 1.8%, an earnings per share (TTM) of $2.03, and a price to earnings ratio (TTM) of $12.68. Its beta of 0.9 indicates that Progressive Corp.’s stock is 10% less volatile than the market.
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