Wall Street brokerages expect that American Airlines Group Inc (NASDAQ:AAL) will announce earnings of $1.20 per share for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for American Airlines Group’s earnings. The highest EPS estimate is $1.35 and the lowest is $1.10. American Airlines Group reported earnings of $1.42 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 15.5%. The company is scheduled to report its next earnings results on Thursday, October 25th.
On average, analysts expect that American Airlines Group will report full-year earnings of $4.65 per share for the current financial year, with EPS estimates ranging from $4.37 to $4.91. For the next year, analysts expect that the business will post earnings of $5.75 per share, with EPS estimates ranging from $4.54 to $6.60. Zacks’ EPS calculations are an average based on a survey of analysts that follow American Airlines Group.
American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, July 26th. The airline reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.04. The firm had revenue of $11.64 billion for the quarter, compared to analyst estimates of $11.67 billion. American Airlines Group had a return on equity of 151.06% and a net margin of 3.75%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.92 EPS.
AAL has been the topic of several analyst reports. Citigroup reduced their target price on American Airlines Group from $59.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday, May 29th. Imperial Capital increased their target price on American Airlines Group from $50.00 to $52.00 and gave the stock an “outperform” rating in a report on Friday, July 27th. Zacks Investment Research lowered American Airlines Group from a “hold” rating to a “sell” rating in a report on Tuesday, June 12th. Barclays reduced their target price on American Airlines Group from $68.00 to $60.00 and set an “overweight” rating on the stock in a report on Monday, July 16th. Finally, Buckingham Research reduced their target price on American Airlines Group from $75.00 to $63.00 and set a “buy” rating on the stock in a report on Wednesday, June 13th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $55.50.
Shares of AAL traded down $0.05 during trading hours on Friday, hitting $38.43. 4,875,708 shares of the company were exchanged, compared to its average volume of 5,855,741. The firm has a market cap of $17.72 billion, a P/E ratio of 7.88, a price-to-earnings-growth ratio of 0.72 and a beta of 0.98. American Airlines Group has a fifty-two week low of $35.64 and a fifty-two week high of $59.08. The company has a debt-to-equity ratio of -25.16, a quick ratio of 0.46 and a current ratio of 0.55.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 21st. Investors of record on Tuesday, August 7th were given a dividend of $0.10 per share. The ex-dividend date was Monday, August 6th. This represents a $0.40 annualized dividend and a dividend yield of 1.04%. American Airlines Group’s dividend payout ratio is currently 8.20%.
Several hedge funds have recently made changes to their positions in AAL. Lansdowne Partners UK LLP lifted its position in shares of American Airlines Group by 252.8% during the 2nd quarter. Lansdowne Partners UK LLP now owns 5,984,069 shares of the airline’s stock worth $227,147,000 after buying an additional 4,287,800 shares during the last quarter. Millennium Management LLC raised its position in American Airlines Group by 999.2% in the second quarter. Millennium Management LLC now owns 1,811,194 shares of the airline’s stock valued at $68,753,000 after purchasing an additional 1,646,418 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in American Airlines Group by 353.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,100,366 shares of the airline’s stock valued at $57,176,000 after purchasing an additional 857,759 shares during the last quarter. Gendell Jeffrey L raised its position in American Airlines Group by 46.8% in the second quarter. Gendell Jeffrey L now owns 1,551,339 shares of the airline’s stock valued at $58,889,000 after purchasing an additional 494,868 shares during the last quarter. Finally, Morgan Stanley raised its position in American Airlines Group by 32.2% in the second quarter. Morgan Stanley now owns 1,954,583 shares of the airline’s stock valued at $74,196,000 after purchasing an additional 476,499 shares during the last quarter. Institutional investors and hedge funds 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.
See Also: Return on Equity (ROE)
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