American Airlines Group, Inc. (AAL) Expected to Announce Quarterly Sales of $11.04 Billion
Equities analysts expect American Airlines Group, Inc. (NASDAQ:AAL) to report sales of $11.04 billion for the current quarter, Zacks reports. Five analysts have made estimates for American Airlines Group’s earnings, with the highest sales estimate coming in at $11.11 billion and the lowest estimate coming in at $10.94 billion. American Airlines Group posted sales of $10.59 billion in the same quarter last year, which suggests a positive year over year growth rate of 4.2%. The company is expected to issue its next earnings report on Thursday, October 19th.
On average, analysts expect that American Airlines Group will report full-year sales of $11.04 billion for the current year, with estimates ranging from $41.82 billion to $42.11 billion. For the next financial year, analysts anticipate that the business will post sales of $43.40 billion per share, with estimates ranging from $42.54 billion to $44.29 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for American Airlines Group.
American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Friday, July 28th. The airline reported $1.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.05. American Airlines Group had a return on equity of 83.58% and a net margin of 5.02%. The firm had revenue of $11.11 billion during the quarter, compared to the consensus estimate of $11.08 billion. During the same quarter in the previous year, the company posted $1.77 earnings per share. The business’s revenue was up 7.2% on a year-over-year basis.
A number of equities research analysts recently issued reports on AAL shares. Buckingham Research reissued a “buy” rating and set a $70.00 price target (up from $68.00) on shares of American Airlines Group in a research note on Monday, July 31st. Morgan Stanley reissued an “equal weight” rating and set a $52.00 price target (down from $54.00) on shares of American Airlines Group in a research note on Thursday, August 17th. ValuEngine raised 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 price target on shares of American Airlines Group in a research note on Thursday, July 13th. Finally, Vetr lowered American Airlines Group from a “strong-buy” rating to a “buy” rating and set a $53.62 price target for the company. in a research note on Monday, May 29th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $56.78.
American Airlines Group (NASDAQ AAL) opened at 46.00 on Friday. The stock has a market capitalization of $22.40 billion, a PE ratio of 11.42 and a beta of 0.98. American Airlines Group has a 1-year low of $33.90 and a 1-year high of $54.48. The stock’s 50 day moving average price is $46.92 and its 200 day moving average price is $46.75.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 28th. Shareholders of record on Monday, August 14th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $0.40 annualized dividend and a yield of 0.87%. American Airlines Group’s payout ratio is currently 9.88%.
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In other news, Director Ray M. Robinson sold 3,476 shares of American Airlines Group stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $46.76, for a total value of $162,537.76. Following the transaction, the director now directly owns 29,938 shares in the company, valued at approximately $1,399,900.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maya Leibman sold 10,000 shares of American Airlines Group stock in a transaction on Friday, August 11th. The shares were sold at an average price of $47.97, for a total value of $479,700.00. Following the completion of the transaction, the executive vice president now owns 161,476 shares in the company, valued at $7,746,003.72. The disclosure for this sale can be found here. Insiders have sold a total of 63,476 shares of company stock worth $3,159,738 over the last 90 days. 0.64% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the company. MCF Advisors LLC purchased a new position in shares of American Airlines Group in the 2nd quarter valued at $106,000. Westside Investment Management Inc. increased its holdings in shares of American Airlines Group by 3.5% in the 2nd quarter. Westside Investment Management Inc. now owns 2,116 shares of the airline’s stock valued at $111,000 after acquiring an additional 72 shares during the period. WFG Advisors LP increased its holdings in shares of American Airlines Group by 28.1% in the 2nd quarter. WFG Advisors LP now owns 2,367 shares of the airline’s stock valued at $119,000 after acquiring an additional 519 shares during the period. D. Scott Neal Inc. purchased a new position in shares of American Airlines Group in the 2nd quarter valued at $120,000. Finally, First Manhattan Co. increased its holdings in shares of American Airlines Group by 3.3% in the 2nd quarter. First Manhattan Co. now owns 2,380 shares of the airline’s stock valued at $119,000 after acquiring an additional 75 shares during the period. Institutional investors and hedge funds own 81.53% of the company’s stock.
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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