Equities research analysts expect American Airlines Group Inc (NASDAQ:AAL) to report $10.36 billion in sales for the current quarter, Zacks reports. Five analysts have issued estimates for American Airlines Group’s earnings. The highest sales estimate is $10.42 billion and the lowest is $10.34 billion. American Airlines Group reported sales of $9.79 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.8%. The company is scheduled to announce its next quarterly earnings results on Friday, January 26th.

On average, analysts expect that American Airlines Group will report full-year sales of $10.36 billion for the current year, with estimates ranging from $41.94 billion to $42.33 billion. For the next financial year, analysts forecast that the company will post sales of $44.10 billion per share, with estimates ranging from $43.62 billion to $44.57 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow American Airlines Group.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, October 26th. The airline reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.02. The business had revenue of $10.88 billion during the quarter, compared to analyst estimates of $10.88 billion. American Airlines Group had a net margin of 4.71% and a return on equity of 64.92%. The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.80 earnings per share.

A number of research firms have recently weighed in on AAL. BidaskClub lowered shares of American Airlines Group from a “buy” rating to a “hold” rating in a research report on Friday. Morgan Stanley reaffirmed an “equal weight” rating on shares of American Airlines Group in a research report on Monday, November 13th. Zacks Investment Research raised shares of American Airlines Group from a “strong sell” rating to a “hold” rating in a research report on Monday, November 13th. JPMorgan Chase & Co. raised shares of American Airlines Group from a “neutral” rating to an “overweight” rating and set a $65.00 price target for the company in a research report on Wednesday, November 1st. Finally, Buckingham Research reaffirmed a “buy” rating on shares of American Airlines Group in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $59.83.

In other American Airlines Group news, Director Alberto Ibarguen sold 4,229 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $47.60, for a total transaction of $201,300.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO W Douglas Parker sold 224,572 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $52.32, for a total transaction of $11,749,607.04. Following the sale, the chief executive officer now owns 1,925,242 shares of the company’s stock, valued at $100,728,661.44. The disclosure for this sale can be found here. Corporate insiders own 0.64% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AAL. Beach Investment Management LLC. grew its stake in American Airlines Group by 951.9% during the second quarter. Beach Investment Management LLC. now owns 175,777 shares of the airline’s stock worth $8,845,000 after buying an additional 159,067 shares during the period. Federated Investors Inc. PA grew its stake in American Airlines Group by 52.6% during the second quarter. Federated Investors Inc. PA now owns 15,865 shares of the airline’s stock worth $798,000 after buying an additional 5,471 shares during the period. Victory Capital Management Inc. grew its stake in American Airlines Group by 11.6% during the second quarter. Victory Capital Management Inc. now owns 30,178 shares of the airline’s stock worth $1,519,000 after buying an additional 3,125 shares during the period. Cipher Capital LP purchased a new stake in American Airlines Group during the second quarter worth approximately $559,000. Finally, Pinnacle Associates Ltd. purchased a new stake in American Airlines Group during the second quarter worth approximately $216,000. Institutional investors own 81.20% of the company’s stock.

American Airlines Group (AAL) opened at $52.65 on Friday. The company has a debt-to-equity ratio of 5.63, a current ratio of 0.65 and a quick ratio of 0.57. The firm has a market cap of $25,190.00, a P/E ratio of 13.40 and a beta of 0.99. American Airlines Group has a 52-week low of $39.21 and a 52-week high of $54.48.

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About American Airlines Group

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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