American Airlines Group, Inc. to Issue Quarterly Dividend of $0.10 (NASDAQ:AAL)
American Airlines Group, Inc. (NASDAQ:AAL) declared a quarterly dividend on Friday, July 28th, RTT News reports. Shareholders of record on Monday, August 14th will be paid a dividend of 0.10 per share by the airline on Monday, August 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.80%.
Shares of American Airlines Group (NASDAQ:AAL) traded down 1.82% on Friday, hitting $49.09. The company’s stock had a trading volume of 3,382,926 shares. The stock’s 50 day moving average is $50.79 and its 200-day moving average is $46.68. The company has a market cap of $24.18 billion, a price-to-earnings ratio of 11.77 and a beta of 0.97. American Airlines Group has a 52 week low of $33.00 and a 52 week high of $54.48. American Airlines Group also was the recipient of unusually large options trading activity on Tuesday. Traders bought 19,571 call options on the company. This is an increase of approximately 177% compared to the typical volume of 7,077 call options.
American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Friday, July 28th. The airline reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.09. American Airlines Group had a net margin of 5.47% and a return on equity of 81.88%. The firm had revenue of $11.11 billion during the quarter, compared to analyst estimates of $11.08 billion. During the same quarter last year, the business posted $1.77 EPS. The company’s revenue was up 7.2% on a year-over-year basis. On average, equities research analysts anticipate that American Airlines Group will post $5.21 earnings per share for the current year.
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AAL has been the subject of a number of research reports. J P Morgan Chase & Co lowered shares of American Airlines Group from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $59.00 to $52.00 in a research note on Thursday, April 27th. Barclays PLC reissued a “hold” rating and set a $58.00 target price on shares of American Airlines Group in a research note on Friday, April 28th. ValuEngine raised shares of American Airlines Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Sanford C. Bernstein reissued a “market perform” rating and set a $52.00 target price on shares of American Airlines Group in a research note on Thursday, July 13th. Finally, Vetr raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $49.75 target price for the company in a research note on Monday, April 24th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. American Airlines Group presently has an average rating of “Hold” and a consensus target price of $50.10.
In related news, VP Derek J. Kerr sold 104,223 shares of American Airlines Group stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $50.00, for a total value of $5,211,150.00. Following the transaction, the vice president now owns 591,195 shares in the company, valued at approximately $29,559,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Elise R. Eberwein sold 33,400 shares of American Airlines Group stock in a transaction on Friday, June 2nd. The stock was 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 disclosure for this sale can be found here. Insiders have sold a total of 161,480 shares of company stock worth $7,999,471 in the last 90 days. 0.64% of the stock is owned by insiders.
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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