Analysts Anticipate American Airlines Group Inc (AAL) Will Announce Quarterly Sales of $10.36 Billion
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.
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.
TRADEMARK VIOLATION NOTICE: This article was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another website, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this article can be viewed at https://www.americanbankingnews.com/2018/01/06/analysts-anticipate-american-airlines-group-inc-aal-will-announce-quarterly-sales-of-10-36-billion.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for American Airlines Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group and related companies with MarketBeat.com's FREE daily email newsletter.