$11.05 Billion in Sales Expected for American Airlines Group, Inc. (AAL) This Quarter
Equities analysts expect American Airlines Group, Inc. (NASDAQ:AAL) to announce $11.05 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for American Airlines Group’s earnings, with estimates ranging from $10.94 billion to $11.10 billion. American Airlines Group posted sales of $10.36 billion in the same quarter last year, which would indicate a positive year over year growth rate of 6.7%. The firm is expected to report its next quarterly earnings results before the market opens on Friday, July 28th.
On average, analysts expect that American Airlines Group will report full year sales of $11.05 billion for the current fiscal year, with estimates ranging from $41.70 billion to $42.34 billion. For the next year, analysts anticipate that the firm will report sales of $43.44 billion per share, with estimates ranging from $42.98 billion to $44.25 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover American Airlines Group.
American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, April 27th. The airline reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.04. American Airlines Group had a return on equity of 81.88% and a net margin of 5.47%. The company had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.62 billion. During the same period last year, the firm earned $1.25 EPS. American Airlines Group’s revenue for the quarter was up 2.0% compared to the same quarter last year.
Several research firms have commented on AAL. Morgan Stanley reaffirmed an “equal weight” rating and issued a $54.00 price target (up from $53.00) on shares of American Airlines Group in a report on Monday, July 17th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $52.00 price target on shares of American Airlines Group in a report on Thursday, July 13th. Citigroup Inc. upped their price target on shares of American Airlines Group from $58.00 to $67.00 and gave the company a “buy” rating in a report on Thursday, July 13th. BidaskClub raised shares of American Airlines Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 8th. Finally, Bank of America Corporation increased their target price on shares of American Airlines Group from $40.00 to $42.00 and gave the stock an “underperform” rating in a research note on Friday, June 30th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $49.68.
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In related news, EVP Elise R. Eberwein sold 33,400 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $49.74, for a total transaction of $1,661,316.00. Following the completion of the transaction, the executive vice president now owns 362,368 shares in the company, valued at approximately $18,024,184.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director James F. Albaugh purchased 3,000 shares of American Airlines Group stock in a transaction that occurred on Thursday, May 4th. The shares were bought at an average price of $43.85 per share, with a total value of $131,550.00. Following the transaction, the director now owns 14,737 shares in the company, valued at $646,217.45. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 161,480 shares of company stock valued at $7,999,471. Insiders own 0.64% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. LS Investment Advisors LLC increased its stake in American Airlines Group by 0.5% in the second quarter. LS Investment Advisors LLC now owns 21,283 shares of the airline’s stock worth $1,071,000 after buying an additional 97 shares during the last quarter. Trust Department MB Financial Bank N A increased its stake in American Airlines Group by 1.0% in the second quarter. Trust Department MB Financial Bank N A now owns 15,022 shares of the airline’s stock worth $756,000 after buying an additional 143 shares during the last quarter. Holderness Investments Co. increased its stake in American Airlines Group by 2.5% in the first quarter. Holderness Investments Co. now owns 6,112 shares of the airline’s stock worth $259,000 after buying an additional 151 shares during the last quarter. Cribstone Capital Management LLC increased its stake in American Airlines Group by 5.9% in the second quarter. Cribstone Capital Management LLC now owns 4,084 shares of the airline’s stock worth $206,000 after buying an additional 229 shares during the last quarter. Finally, LMR Partners LLP increased its stake in American Airlines Group by 1.6% in the first quarter. LMR Partners LLP now owns 21,540 shares of the airline’s stock worth $911,000 after buying an additional 329 shares during the last quarter. Institutional investors own 80.63% of the company’s stock.
American Airlines Group (NASDAQ:AAL) opened at 51.91 on Friday. The company has a market capitalization of $25.57 billion, a PE ratio of 12.45 and a beta of 0.97. The company has a 50-day moving average price of $50.62 and a 200-day moving average price of $46.51. American Airlines Group has a one year low of $33.00 and a one year high of $54.48.
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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