American Airlines Group Inc (AAL) Expected to Announce Earnings of $0.92 Per Share

Equities analysts forecast that American Airlines Group Inc (NASDAQ:AAL) will post earnings per share of $0.92 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for American Airlines Group’s earnings, with the highest EPS estimate coming in at $0.95 and the lowest estimate coming in at $0.89. American Airlines Group also posted earnings of $0.92 per share in the same quarter last year. The firm is scheduled to issue its next quarterly earnings results before the market opens on Thursday, January 25th.

According to Zacks, analysts expect that American Airlines Group will report full-year earnings of $4.83 per share for the current fiscal year, with EPS estimates ranging from $4.64 to $4.88. For the next year, analysts forecast that the business will report earnings of $5.14 per share, with EPS estimates ranging from $4.65 to $5.92. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for American Airlines Group.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, October 26th. The airline reported $1.42 EPS for the quarter, beating the consensus estimate of $1.40 by $0.02. The firm had revenue of $10.88 billion during 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 business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the company earned $2.80 earnings per share.

A number of equities analysts have recently issued reports on AAL shares. JPMorgan Chase & Co. upgraded American Airlines Group from a “neutral” rating to an “overweight” rating and set a $65.00 price objective for the company in a research report on Wednesday, November 1st. Morgan Stanley reaffirmed an “equal weight” rating on shares of American Airlines Group in a research note on Monday, November 13th. Bank of America raised American Airlines Group from an “underperform” rating to a “buy” rating and set a $64.00 price objective for the company in a research note on Tuesday, January 9th. Buckingham Research reissued a “buy” rating on shares of American Airlines Group in a research note on Friday, October 27th. Finally, Cowen reissued an “outperform” rating and issued a $55.00 price objective on shares of American Airlines Group in a research note on Tuesday, September 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $60.35.

In other news, Director Alberto Ibarguen sold 4,229 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $47.60, for a total value of $201,300.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO W Douglas Parker sold 224,572 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $52.32, for a total value of $11,749,607.04. Following the completion of the sale, the chief executive officer now directly owns 1,925,242 shares of the company’s stock, valued at approximately $100,728,661.44. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the company. Koch Industries Inc. purchased a new stake in American Airlines Group during the 2nd quarter valued at $265,000. Daiwa Securities Group Inc. raised its holdings in American Airlines Group by 215.9% during the third quarter. Daiwa Securities Group Inc. now owns 31,428 shares of the airline’s stock valued at $1,493,000 after acquiring an additional 21,478 shares during the period. Virtu KCG Holdings LLC bought a new stake in American Airlines Group during the second quarter valued at about $322,000. Alyeska Investment Group L.P. purchased a new position in shares of American Airlines Group during the third quarter valued at about $2,409,000. Finally, U S Global Investors Inc. grew its position in shares of American Airlines Group by 1.7% during the third quarter. U S Global Investors Inc. now owns 302,245 shares of the airline’s stock valued at $14,354,000 after purchasing an additional 5,014 shares in the last quarter. 81.22% of the stock is owned by hedge funds and other institutional investors.

American Airlines Group (AAL) traded down $0.28 during trading on Friday, reaching $58.06. The company’s stock had a trading volume of 3,122,989 shares, compared to its average volume of 4,260,000. American Airlines Group has a 1 year low of $39.21 and a 1 year high of $59.08. 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 has a market capitalization of $27,780.00, a P/E ratio of 14.77, a PEG ratio of 5.21 and a beta of 0.99.

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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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