American Airlines Group Inc (AAL) Expected to Post Q2 2018 Earnings of $1.65 Per Share

American Airlines Group Inc (NASDAQ:AAL) – Investment analysts at Imperial Capital raised their Q2 2018 earnings per share (EPS) estimates for shares of American Airlines Group in a research report issued to clients and investors on Thursday. Imperial Capital analyst M. Derchin now anticipates that the airline will post earnings per share of $1.65 for the quarter, up from their previous estimate of $1.63. Imperial Capital currently has a “In-Line” rating and a $53.00 price target on the stock. Imperial Capital also issued estimates for American Airlines Group’s Q4 2018 earnings at $1.08 EPS and FY2018 earnings at $5.00 EPS.

Several other equities analysts have also recently weighed in on AAL. Morgan Stanley restated an “equal weight” rating on shares of American Airlines Group in a report on Monday, September 18th. Raymond James Financial upgraded American Airlines Group from a “market perform” rating to an “outperform” rating and set a $58.00 price objective for the company in a report on Wednesday, September 20th. Barclays upgraded American Airlines Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $55.00 to $65.00 in a report on Friday, September 22nd. BidaskClub upgraded American Airlines Group from a “sell” rating to a “hold” rating in a report on Saturday, September 23rd. Finally, Macquarie assumed coverage on American Airlines Group in a report on Monday, September 25th. They set a “neutral” rating and a $47.00 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. American Airlines Group presently has an average rating of “Buy” and a consensus price target of $60.35.

American Airlines Group (NASDAQ AAL) opened at $58.47 on Monday. The firm has a market capitalization of $27,977.84, a PE ratio of 14.88, a PEG ratio of 5.27 and a beta of 0.99. The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 5.63. American Airlines Group has a 1-year low of $39.21 and a 1-year high of $58.73.

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

In other American Airlines Group news, CEO W Douglas Parker sold 224,572 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $52.32, for a total transaction of $11,749,607.04. Following the completion of the sale, the chief executive officer now directly owns 1,925,242 shares in the company, valued at $100,728,661.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alberto Ibarguen sold 4,229 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $47.60, for a total transaction of $201,300.40. The disclosure for this sale can be found here. Company insiders own 0.69% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AAL. Westside Investment Management Inc. raised its position in shares of American Airlines Group by 3.5% in the second quarter. Westside Investment Management Inc. now owns 2,116 shares of the airline’s stock valued at $111,000 after buying an additional 72 shares in the last quarter. WFG Advisors LP raised its position in shares of American Airlines Group by 28.1% in the second quarter. WFG Advisors LP now owns 2,367 shares of the airline’s stock valued at $119,000 after buying an additional 519 shares in the last quarter. Exane Derivatives raised its position in shares of American Airlines Group by 416.3% in the third quarter. Exane Derivatives now owns 2,592 shares of the airline’s stock valued at $123,000 after buying an additional 2,090 shares in the last quarter. IHT Wealth Management LLC raised its position in shares of American Airlines Group by 516.8% in the second quarter. IHT Wealth Management LLC now owns 2,387 shares of the airline’s stock valued at $126,000 after buying an additional 2,000 shares in the last quarter. Finally, Blue Granite Capital LLC acquired a new stake in shares of American Airlines Group in the third quarter valued at approximately $131,000. Institutional investors own 81.22% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece of content was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/01/15/american-airlines-group-inc-aal-expected-to-post-q2-2018-earnings-of-1-65-per-share.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.

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.

Leave a Reply