$0.71 Earnings Per Share Expected for American Airlines Group Inc (AAL) This Quarter

Brokerages predict that American Airlines Group Inc (NASDAQ:AAL) will report $0.71 earnings per share for the current quarter, Zacks reports. Four analysts have issued estimates for American Airlines Group’s earnings, with the highest EPS estimate coming in at $0.75 and the lowest estimate coming in at $0.61. American Airlines Group reported earnings per share of $0.92 in the same quarter last year, which would suggest a negative year-over-year growth rate of 22.8%. The firm is scheduled to announce its next earnings report on Friday, January 26th.

On average, analysts expect that American Airlines Group will report full-year earnings of $4.63 per share for the current financial year, with EPS estimates ranging from $4.52 to $4.69. For the next year, analysts forecast that the company will post earnings of $4.88 per share, with EPS estimates ranging from $4.54 to $5.35. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow American Airlines Group.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, October 26th. The airline reported $1.42 EPS for the quarter, beating the consensus estimate of $1.40 by $0.02. American Airlines Group had a net margin of 4.71% and a return on equity of 64.92%. The business had revenue of $10.88 billion during the quarter, compared to analysts’ expectations of $10.88 billion. During the same period in the previous year, the business posted $2.80 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year.

Several equities analysts have recently weighed in on AAL shares. J P Morgan Chase & Co raised shares of American Airlines Group from a “neutral” rating to an “overweight” rating and set a $65.00 target price for the company in a report on Wednesday, November 1st. Morgan Stanley reaffirmed an “equal weight” rating and set a $52.00 target price (down from $54.00) on shares of American Airlines Group in a report on Thursday, August 17th. Macquarie started coverage on shares of American Airlines Group in a report on Monday, September 25th. They set a “neutral” rating and a $47.00 target price for the company. Raymond James Financial raised shares of American Airlines Group from a “market perform” rating to an “outperform” rating and set a $58.00 target price for the company in a report on Wednesday, September 20th. Finally, BidaskClub raised shares of American Airlines Group from a “strong sell” rating to a “sell” rating in a report on Thursday, September 14th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. American Airlines Group has a consensus rating of “Buy” and an average price target of $58.47.

Shares of American Airlines Group (AAL) traded down $1.49 during midday trading on Thursday, reaching $49.00. 6,191,854 shares of the company’s stock traded hands, compared to its average volume of 3,321,143. The company has a debt-to-equity ratio of 5.63, a quick ratio of 0.57 and a current ratio of 0.65. The firm has a market cap of $23,446.45, a PE ratio of 10.06 and a beta of 0.99. American Airlines Group has a twelve month low of $39.21 and a twelve month high of $54.48.

The business also recently declared a quarterly dividend, which was paid on Monday, November 27th. Investors of record on Monday, November 13th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Friday, November 10th. American Airlines Group’s payout ratio is presently 10.18%.

In other news, Director Alberto Ibarguen sold 4,229 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $47.60, for a total transaction of $201,300.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ray M. Robinson sold 3,476 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $46.76, for a total transaction of $162,537.76. Following the sale, the director now directly owns 29,938 shares of the company’s stock, valued at approximately $1,399,900.88. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Koch Industries Inc. acquired a new position in shares of American Airlines Group during the 2nd quarter valued at about $265,000. Daiwa Securities Group Inc. boosted its position in shares of American Airlines Group by 215.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 31,428 shares of the airline’s stock valued at $1,493,000 after acquiring an additional 21,478 shares during the last quarter. Virtu KCG Holdings LLC acquired a new position in shares of American Airlines Group during the 2nd quarter valued at about $322,000. State of Tennessee Treasury Department boosted its position in shares of American Airlines Group by 33.5% during the 2nd quarter. State of Tennessee Treasury Department now owns 183,936 shares of the airline’s stock valued at $9,256,000 after acquiring an additional 46,114 shares during the last quarter. Finally, Allen Investment Management LLC boosted its position in shares of American Airlines Group by 65.3% during the 2nd quarter. Allen Investment Management LLC now owns 37,455 shares of the airline’s stock valued at $1,885,000 after acquiring an additional 14,797 shares during the last quarter. 81.29% of the stock is owned by institutional investors and hedge funds.

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American Airlines Group Company Profile

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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