Zacks: Brokerages Anticipate American Airlines Group Inc (AAL) Will Announce Earnings of $1.22 Per Share

Analysts expect American Airlines Group Inc (NASDAQ:AAL) to post $1.22 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for American Airlines Group’s earnings. The highest EPS estimate is $1.35 and the lowest is $1.13. American Airlines Group reported earnings of $1.42 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 14.1%. The company is expected to announce its next quarterly earnings results on Thursday, October 25th.

On average, analysts expect that American Airlines Group will report full-year earnings of $4.66 per share for the current year, with EPS estimates ranging from $4.37 to $4.91. For the next fiscal year, analysts anticipate that the business will post earnings of $5.76 per share, with EPS estimates ranging from $4.54 to $6.60. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow American Airlines Group.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, July 26th. The airline reported $1.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.04. The business had revenue of $11.64 billion during the quarter, compared to analysts’ expectations of $11.67 billion. American Airlines Group had a return on equity of 151.06% and a net margin of 3.75%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.92 EPS.

A number of brokerages have issued reports on AAL. Morgan Stanley set a $39.00 target price on American Airlines Group and gave the stock a “hold” rating in a research report on Friday. BidaskClub cut American Airlines Group from a “hold” rating to a “sell” rating in a research report on Thursday. Imperial Capital upped their target price on American Airlines Group from $52.00 to $56.00 and gave the stock an “outperform” rating in a research report on Thursday, September 27th. ValuEngine cut American Airlines Group from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. Finally, Zacks Investment Research raised American Airlines Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 11th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $55.38.

Institutional investors and hedge funds have recently bought and sold shares of the company. Boston Partners boosted its position in shares of American Airlines Group by 2.6% in the second quarter. Boston Partners now owns 1,687,054 shares of the airline’s stock valued at $64,041,000 after acquiring an additional 42,289 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of American Airlines Group by 10.4% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 86,287 shares of the airline’s stock valued at $3,275,000 after acquiring an additional 8,100 shares during the period. Foundry Partners LLC boosted its position in shares of American Airlines Group by 2.6% in the second quarter. Foundry Partners LLC now owns 202,145 shares of the airline’s stock valued at $7,673,000 after acquiring an additional 5,075 shares during the period. Principal Financial Group Inc. boosted its position in shares of American Airlines Group by 0.3% in the first quarter. Principal Financial Group Inc. now owns 634,326 shares of the airline’s stock valued at $32,960,000 after acquiring an additional 1,648 shares during the period. Finally, Ruffer LLP bought a new stake in shares of American Airlines Group in the second quarter valued at approximately $379,000. 82.24% of the stock is owned by institutional investors.

Shares of American Airlines Group stock opened at $36.44 on Friday. The company has a market cap of $19.03 billion, a price-to-earnings ratio of 7.47, a P/E/G ratio of 0.77 and a beta of 0.98. The company has a debt-to-equity ratio of -25.16, a current ratio of 0.55 and a quick ratio of 0.46. American Airlines Group has a 12-month low of $35.64 and a 12-month high of $59.08.

About American Airlines Group

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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