Wall Street analysts predict that American Airlines Group Inc (NASDAQ:AAL) will post sales of $11.96 billion for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for American Airlines Group’s earnings, with the highest sales estimate coming in at $11.97 billion and the lowest estimate coming in at $11.92 billion. American Airlines Group posted sales of $11.64 billion in the same quarter last year, which indicates a positive year over year growth rate of 2.7%. The firm is expected to report its next quarterly earnings report on Thursday, July 25th.
According to Zacks, analysts expect that American Airlines Group will report full-year sales of $46.26 billion for the current financial year, with estimates ranging from $46.06 billion to $46.43 billion. For the next financial year, analysts expect that the company will report sales of $48.64 billion, with estimates ranging from $48.09 billion to $49.51 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow American Airlines Group.
American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Friday, April 26th. The airline reported $0.52 EPS for the quarter, topping the consensus estimate of $0.50 by $0.02. American Airlines Group had a net margin of 3.15% and a negative return on equity of 356.47%. The firm had revenue of $10.58 billion for the quarter, compared to analyst estimates of $10.61 billion. During the same period in the prior year, the business posted $0.75 EPS. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year.
Several equities analysts have recently commented on AAL shares. Cowen restated an “outperform” rating and issued a $41.00 price objective (down from $42.00) on shares of American Airlines Group in a report on Monday, April 29th. Bank of America set a $152.00 price objective on shares of Caterpillar and gave the stock a “buy” rating in a report on Thursday, April 4th. Credit Suisse Group restated a “hold” rating on shares of FactSet Research Systems in a report on Monday, July 8th. Imperial Capital reiterated an “outperform” rating and set a $5.50 target price (down from $11.00) on shares of Town Sports International in a report on Tuesday, April 30th. Finally, Buckingham Research reduced their target price on shares of PJT Partners from $49.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday. Four analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. American Airlines Group presently has a consensus rating of “Hold” and an average price target of $42.38.
Shares of AAL stock traded up $0.75 during trading hours on Friday, hitting $33.78. The company had a trading volume of 5,012,191 shares, compared to its average volume of 5,473,139. The business’s fifty day moving average is $31.20. American Airlines Group has a fifty-two week low of $27.02 and a fifty-two week high of $43.89. The firm has a market capitalization of $15.03 billion, a PE ratio of 7.42, a PEG ratio of 0.35 and a beta of 1.69.
In other news, Director John T. Cahill acquired 25,000 shares of American Airlines Group stock in a transaction dated Tuesday, June 4th. The shares were acquired at an average cost of $28.60 per share, for a total transaction of $715,000.00. Following the acquisition, the director now owns 3,494 shares of the company’s stock, valued at $99,928.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President Robert D. Isom, Jr. acquired 15,000 shares of American Airlines Group stock in a transaction dated Tuesday, June 4th. The stock was purchased at an average price of $27.75 per share, for a total transaction of $416,250.00. Following the completion of the acquisition, the president now directly owns 768,771 shares in the company, valued at approximately $21,333,395.25. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 95,000 shares of company stock worth $2,674,350. 0.70% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Thrivent Financial for Lutherans raised its holdings in shares of American Airlines Group by 1.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 18,212 shares of the airline’s stock valued at $585,000 after purchasing an additional 321 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of American Airlines Group by 1.1% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 29,427 shares of the airline’s stock valued at $945,000 after purchasing an additional 329 shares in the last quarter. First Dallas Securities Inc. grew its position in shares of American Airlines Group by 0.6% in the 1st quarter. First Dallas Securities Inc. now owns 63,330 shares of the airline’s stock valued at $2,011,000 after buying an additional 367 shares during the last quarter. Accurate Investment Solutions Inc. grew its position in shares of American Airlines Group by 100.0% in the 1st quarter. Accurate Investment Solutions Inc. now owns 800 shares of the airline’s stock valued at $25,000 after buying an additional 400 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of American Airlines Group by 1.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,804 shares of the airline’s stock valued at $915,000 after buying an additional 405 shares during the last quarter. Institutional investors and hedge funds own 79.37% 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, 2018, the company operated a mainline fleet of 956 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, London Heathrow, Los Angeles, Miami, New York, Philadelphia, Phoenix, and 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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