$1.33 EPS Expected for American Airlines Group, Inc. (AAL) This Quarter
Wall Street brokerages expect American Airlines Group, Inc. (NASDAQ:AAL) to post earnings of $1.33 per share for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for American Airlines Group’s earnings, with the highest EPS estimate coming in at $1.43 and the lowest estimate coming in at $1.27. American Airlines Group posted earnings per share of $2.80 in the same quarter last year, which would suggest a negative year-over-year growth rate of 52.5%. The company is expected to report its next earnings results on Thursday, October 19th.
On average, analysts expect that American Airlines Group will report full-year earnings of $4.64 per share for the current fiscal year, with EPS estimates ranging from $4.42 to $5.11. For the next year, analysts forecast that the business will post earnings of $5.09 per share, with EPS estimates ranging from $4.54 to $6.15. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow American Airlines Group.
American Airlines Group (NASDAQ:AAL) last announced its earnings results on Friday, July 28th. The airline reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.05. American Airlines Group had a net margin of 5.02% and a return on equity of 83.58%. The company had revenue of $11.11 billion during the quarter, compared to analysts’ expectations of $11.08 billion. During the same quarter in the previous year, the business posted $1.77 earnings per share. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year.
Several research analysts have recently weighed in on AAL shares. BidaskClub raised shares of American Airlines Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 8th. Sanford C. Bernstein restated a “market perform” rating and issued a $52.00 price target on shares of American Airlines Group in a research report on Thursday, July 13th. Bank of America Corporation upped their price target on shares of American Airlines Group from $40.00 to $42.00 and gave the company an “underperform” rating in a research report on Friday, June 30th. Imperial Capital reaffirmed an “in-line” rating and issued a $49.00 price objective (up previously from $43.00) on shares of American Airlines Group in a research note on Sunday, July 23rd. Finally, Citigroup Inc. raised their price objective on shares of 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 equities research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $56.86.
Shares of American Airlines Group (AAL) traded up 0.44% on Wednesday, hitting $50.73. The company had a trading volume of 7,450,597 shares. American Airlines Group has a 12 month low of $36.80 and a 12 month high of $54.48. The company has a 50-day moving average of $45.90 and a 200 day moving average of $47.04. The stock has a market cap of $24.71 billion, a PE ratio of 12.59 and a beta of 0.99. American Airlines Group also was the target of unusually large options trading on Monday. Stock investors purchased 1,841 put options on the company. This represents an increase of 221% compared to the typical daily volume of 574 put options.
In other American Airlines Group news, Director Ray M. Robinson sold 3,476 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now owns 29,938 shares of the company’s stock, valued at $1,399,900.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maya Leibman sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $47.97, for a total value of $479,700.00. Following the sale, the executive vice president now directly owns 161,476 shares of the company’s stock, valued at approximately $7,746,003.72. The disclosure for this sale can be found here. Insiders sold 63,476 shares of company stock valued at $3,159,738 over the last quarter. Corporate insiders own 0.69% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. MCF Advisors LLC acquired a new stake in shares of American Airlines Group in the second quarter worth $106,000. Westside Investment Management Inc. boosted its holdings in shares of American Airlines Group by 3.5% during the 2nd quarter. Westside Investment Management Inc. now owns 2,116 shares of the airline’s stock worth $111,000 after buying an additional 72 shares during the period. First Manhattan Co. boosted its holdings in shares of American Airlines Group by 3.3% during the 2nd quarter. First Manhattan Co. now owns 2,380 shares of the airline’s stock worth $119,000 after buying an additional 75 shares during the period. WFG Advisors LP boosted its holdings in shares of American Airlines Group by 28.1% during the 2nd quarter. WFG Advisors LP now owns 2,367 shares of the airline’s stock worth $119,000 after buying an additional 519 shares during the period. Finally, D. Scott Neal Inc. bought a new stake in shares of American Airlines Group during the 2nd quarter worth $120,000. 81.56% of the stock is currently owned by institutional investors.
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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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