Wall Street analysts expect American Airlines Group, Inc. (NASDAQ:AAL) to announce earnings of $1.87 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for American Airlines Group’s earnings. The lowest EPS estimate is $1.84 and the highest is $1.91. American Airlines Group reported earnings per share of $1.77 during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.6%. The company is expected to issue its next earnings results before the market opens on Friday, July 28th.
According to Zacks, analysts expect that American Airlines Group will report full-year earnings of $5.18 per share for the current financial year, with EPS estimates ranging from $4.90 to $5.46. For the next financial year, analysts expect that the company will post earnings of $5.69 per share, with EPS estimates ranging from $5.10 to $6.15. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover American Airlines Group.
American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, April 27th. The airline reported $0.61 EPS for the quarter, beating the consensus estimate of $0.57 by $0.04. The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.62 billion. American Airlines Group had a return on equity of 81.88% and a net margin of 5.47%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.25 earnings per share.
AAL has been the topic of a number of recent research reports. Vetr raised American Airlines Group from a “hold” rating to a “buy” rating and set a $45.36 price target on the stock in a research report on Tuesday, March 28th. Cowen and Company reissued an “outperform” rating on shares of American Airlines Group in a research report on Friday, April 14th. Imperial Capital reissued an “in-line” rating and set a $46.00 price target on shares of American Airlines Group in a research report on Sunday, April 23rd. J P Morgan Chase & Co downgraded American Airlines Group from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $59.00 to $52.00 in a research report on Thursday, April 27th. Finally, Deutsche Bank AG dropped their price target on American Airlines Group from $55.00 to $54.00 and set a “buy” rating on the stock in a research report on Friday, April 28th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. American Airlines Group presently has an average rating of “Hold” and a consensus target price of $50.04.
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Shares of American Airlines Group (NASDAQ AAL) traded down 0.59% during trading on Thursday, reaching $50.98. The company’s stock had a trading volume of 2,181,367 shares. American Airlines Group has a one year low of $33.00 and a one year high of $54.48. The company has a 50-day moving average price of $50.76 and a 200-day moving average price of $46.59. The stock has a market cap of $25.11 billion, a price-to-earnings ratio of 12.22 and a beta of 0.97. American Airlines Group also was the target of unusually large options trading on Monday. Traders purchased 1,841 put options on the company. This is an increase of approximately 221% compared to the typical daily volume of 574 put options.
In other news, EVP Maya Leibman sold 23,857 shares of the stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $47.24, for a total value of $1,127,004.68. Following the transaction, the executive vice president now directly owns 182,178 shares of the company’s stock, valued at $8,606,088.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Derek J. Kerr sold 104,223 shares of the stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $50.00, for a total value of $5,211,150.00. Following the completion of the transaction, the vice president now directly owns 591,195 shares in the company, valued at $29,559,750. The disclosure for this sale can be found here. Over the last quarter, insiders sold 161,480 shares of company stock valued at $7,999,471. 0.69% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in AAL. BlackRock Inc. raised its position in shares of American Airlines Group by 4,435.0% in the first quarter. BlackRock Inc. now owns 28,607,876 shares of the airline’s stock worth $1,210,114,000 after buying an additional 27,977,045 shares in the last quarter. FMR LLC raised its position in shares of American Airlines Group by 56.3% in the first quarter. FMR LLC now owns 26,825,165 shares of the airline’s stock worth $1,134,705,000 after buying an additional 9,667,389 shares in the last quarter. Primecap Management Co. CA raised its position in shares of American Airlines Group by 3.4% in the first quarter. Primecap Management Co. CA now owns 46,745,831 shares of the airline’s stock worth $1,977,349,000 after buying an additional 1,524,040 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in shares of American Airlines Group by 4,841.9% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 943,900 shares of the airline’s stock worth $39,927,000 after buying an additional 924,800 shares in the last quarter. Finally, LSV Asset Management raised its stake in American Airlines Group by 34.3% in the first quarter. LSV Asset Management now owns 3,150,482 shares of the airline’s stock valued at $133,265,000 after buying an additional 804,745 shares during the period. 81.43% of the stock is currently owned by institutional investors and hedge funds.
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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