Equities analysts expect that American Airlines Group, Inc. (NASDAQ:AAL) will announce sales of $10.34 billion for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for American Airlines Group’s earnings, with the lowest sales estimate coming in at $10.34 billion and the highest estimate coming in at $10.35 billion. American Airlines Group posted sales of $9.79 billion during the same quarter last year, which would indicate a positive year over year growth rate of 5.6%. The business is scheduled to issue its next earnings report on Friday, January 26th.

According to Zacks, analysts expect that American Airlines Group will report full-year sales of $10.34 billion for the current fiscal year, with estimates ranging from $41.93 billion to $42.25 billion. For the next financial year, analysts forecast that the firm will post sales of $44.08 billion per share, with estimates ranging from $43.62 billion to $44.57 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow American Airlines Group.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, October 26th. The airline reported $1.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.02. The firm had revenue of $10.88 billion for the quarter, compared to the consensus estimate of $10.88 billion. American Airlines Group had a return on equity of 64.92% and a net margin of 4.71%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.80 EPS.

A number of brokerages have weighed in on AAL. Zacks Investment Research downgraded American Airlines Group from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Sanford C. Bernstein reaffirmed a “hold” rating on shares of American Airlines Group in a report on Monday, August 7th. Cowen raised their target price on American Airlines Group from $55.00 to $56.00 and gave the company an “outperform” rating in a report on Tuesday, October 10th. Buckingham Research reaffirmed a “buy” rating on shares of American Airlines Group in a report on Friday, October 27th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $52.00 price objective (down previously from $54.00) on shares of American Airlines Group in a report on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. American Airlines Group presently has a consensus rating of “Buy” and a consensus target price of $58.47.

Shares of American Airlines Group (NASDAQ:AAL) opened at $49.00 on Friday. The firm has a market capitalization of $24,159.42, a price-to-earnings ratio of 10.37 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 company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 5.63.

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

In related news, Director Ray M. Robinson sold 3,476 shares of the firm’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 completion of the transaction, the director now directly owns 29,938 shares of the company’s stock, valued at approximately $1,399,900.88. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Alberto Ibarguen sold 4,229 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $47.60, for a total value of $201,300.40. The disclosure for this sale can be found here. Company insiders own 0.64% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Wetherby Asset Management Inc. raised its position in American Airlines Group by 1.0% during the 2nd quarter. Wetherby Asset Management Inc. now owns 4,969 shares of the airline’s stock worth $250,000 after purchasing an additional 47 shares during the last quarter. Westside Investment Management Inc. raised its position in 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 purchasing an additional 72 shares during the last quarter. First Manhattan Co. raised its position in 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 purchasing an additional 75 shares during the last quarter. Thrivent Financial For Lutherans raised its position in American Airlines Group by 0.6% during the 2nd quarter. Thrivent Financial For Lutherans now owns 21,507 shares of the airline’s stock worth $1,090,000 after purchasing an additional 130 shares during the last quarter. Finally, Cadence Capital Management LLC raised its position in American Airlines Group by 0.7% during the 2nd quarter. Cadence Capital Management LLC now owns 19,841 shares of the airline’s stock worth $998,000 after purchasing an additional 140 shares during the last quarter. 81.29% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This story was first published by American Banking News and is owned by of American Banking News. If you are reading this story on another site, it was illegally copied and reposted in violation of U.S. & international copyright law. The correct version of this story can be read at https://www.americanbankingnews.com/2017/12/02/10-34-billion-in-sales-expected-for-american-airlines-group-inc-aal-this-quarter-2.html.

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.

Get a free copy of the Zacks research report on American Airlines Group (AAL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for American Airlines Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.