Analysts forecast that American Airlines Group Inc (NASDAQ:AAL) will report $11.58 billion in sales for the current quarter, according to Zacks. Five analysts have made estimates for American Airlines Group’s earnings. The highest sales estimate is $11.61 billion and the lowest is $11.55 billion. American Airlines Group reported sales of $10.88 billion during the same quarter last year, which indicates a positive year over year growth rate of 6.4%. The business is scheduled to issue its next quarterly earnings results on Thursday, October 25th.
On average, analysts expect that American Airlines Group will report full year sales of $44.58 billion for the current year, with estimates ranging from $44.47 billion to $44.72 billion. For the next year, analysts expect that the business will post sales of $46.43 billion per share, with estimates ranging from $46.05 billion to $46.70 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow American Airlines Group.
American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, July 26th. The airline reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.04. American Airlines Group had a net margin of 3.75% and a return on equity of 151.06%. The firm had revenue of $11.64 billion for the quarter, compared to the consensus estimate of $11.67 billion. During the same period in the previous year, the firm posted $1.92 EPS. The business’s quarterly revenue was up 3.7% on a year-over-year basis.
A number of analysts have recently weighed in on the stock. Imperial Capital reduced their target price on shares of American Airlines Group from $56.00 to $50.00 and set an “outperform” rating on the stock in a report on Thursday, July 12th. They noted that the move was a valuation call. ValuEngine upgraded shares of American Airlines Group from a “strong sell” rating to a “sell” rating in a report on Thursday, July 19th. Cowen reduced their target price on shares of American Airlines Group from $55.00 to $48.00 and set an “outperform” rating on the stock in a report on Wednesday, July 11th. Buckingham Research reduced their target price on shares of American Airlines Group from $63.00 to $57.00 and set a “buy” rating on the stock in a report on Tuesday, July 17th. Finally, Macquarie upgraded shares of American Airlines Group from a “neutral” rating to an “outperform” rating and set a $47.00 price target on the stock in a report on Monday, July 30th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $55.50.
Shares of American Airlines Group stock traded down $1.29 during trading hours on Monday, reaching $38.38. The company’s stock had a trading volume of 265,516 shares, compared to its average volume of 5,367,878. American Airlines Group has a one year low of $35.64 and a one year high of $59.08. The company has a quick ratio of 0.46, a current ratio of 0.55 and a debt-to-equity ratio of -25.16. The company has a market cap of $18.64 billion, a PE ratio of 8.10, a price-to-earnings-growth ratio of 0.83 and a beta of 0.98.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 21st. Investors of record on Tuesday, August 7th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 6th. This represents a $0.40 annualized dividend and a yield of 1.04%. American Airlines Group’s payout ratio is 8.20%.
Large investors have recently modified their holdings of the stock. Assetmark Inc. grew its stake in American Airlines Group by 1,283.6% in the 1st quarter. Assetmark Inc. now owns 3,293 shares of the airline’s stock worth $171,000 after acquiring an additional 3,055 shares in the last quarter. Exane Derivatives grew its stake in American Airlines Group by 176,700.0% in the 2nd quarter. Exane Derivatives now owns 3,536 shares of the airline’s stock worth $136,000 after acquiring an additional 3,534 shares in the last quarter. Bray Capital Advisors bought a new position in American Airlines Group in the 1st quarter worth about $190,000. Baird Financial Group Inc. bought a new position in American Airlines Group in the 1st quarter worth about $212,000. Finally, Trilogy Capital Inc. grew its stake in American Airlines Group by 10,137.5% in the 2nd quarter. Trilogy Capital Inc. now owns 4,095 shares of the airline’s stock worth $155,000 after acquiring an additional 4,055 shares in the last quarter. Institutional investors own 82.25% of the company’s stock.
American Airlines Group Company Profile
American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2017, the company operated a mainline fleet of 948 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, and Phoenix, as well as in Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.
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