American Airlines Group, Inc. (NASDAQ:AAL) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, October 18th. Analysts expect the company to announce earnings of $1.65 per share for the quarter.
American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Friday, July 28th. The airline reported $1.92 EPS for the quarter, topping the consensus estimate of $1.87 by $0.05. The company had revenue of $11.11 billion for the quarter, compared to the consensus estimate of $11.08 billion. American Airlines Group had a return on equity of 83.58% and a net margin of 5.02%. American Airlines Group’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the business posted $1.77 EPS. On average, analysts expect American Airlines Group to post $4.65 EPS for the current fiscal year and $5.22 EPS for the next fiscal year.
American Airlines Group, Inc. (AAL) opened at 53.03 on Wednesday. American Airlines Group, Inc. has a 12-month low of $36.80 and a 12-month high of $54.48. The firm’s 50-day moving average price is $46.53 and its 200 day moving average price is $47.40. The stock has a market capitalization of $25.83 billion, a P/E ratio of 13.17 and a beta of 0.99.
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In related news, EVP Elise R. Eberwein sold 50,000 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $50.35, for a total value of $2,517,500.00. Following the transaction, the executive vice president now owns 312,368 shares of the company’s stock, valued at $15,727,728.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ray M. Robinson sold 3,476 shares of the stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $46.76, for a total value of $162,537.76. Following the completion of the transaction, the director now directly owns 29,938 shares in the company, valued at approximately $1,399,900.88. The disclosure for this sale can be found here. Insiders sold 63,476 shares of company stock worth $3,159,738 in the last three months. 0.69% of the stock is currently owned by corporate insiders.
A number of research analysts have commented on AAL shares. BidaskClub cut American Airlines Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 16th. Morgan Stanley restated an “equal weight” rating and set a $49.00 price target (up from $46.00) on shares of American Airlines Group in a research note on Friday, June 16th. Atlantic Securities started coverage on American Airlines Group in a research note on Tuesday, June 20th. They set an “underweight” rating and a $56.00 price target on the stock. Bank of America Corporation upped their price target on American Airlines Group from $40.00 to $42.00 and gave the stock an “underperform” rating in a research note on Friday, June 30th. Finally, Citigroup Inc. upped their price target on American Airlines Group from $58.00 to $67.00 and gave the stock a “buy” rating in a research note on Thursday, July 13th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $57.03.
About American Airlines Group
American Airlines Group Inc is a holding company. The Company’s primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. The Company operates through American segment, which provides air transportation for passengers and cargo.
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