Wall Street analysts expect that American Airlines Group Inc (NASDAQ:AAL) will post sales of $10.71 billion for the current quarter, according to Zacks Investment Research. Eleven analysts have provided estimates for American Airlines Group’s earnings, with the highest sales estimate coming in at $11.16 billion and the lowest estimate coming in at $10.61 billion. American Airlines Group posted sales of $10.40 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 3%. The company is expected to issue its next earnings report on Thursday, April 25th.
According to Zacks, analysts expect that American Airlines Group will report full-year sales of $46.67 billion for the current fiscal year, with estimates ranging from $45.77 billion to $48.49 billion. For the next year, analysts anticipate that the business will post sales of $48.69 billion, with estimates ranging from $47.82 billion to $49.87 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow American Airlines Group.
American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, January 24th. The airline reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.03. American Airlines Group had a negative return on equity of 322.87% and a net margin of 3.17%. The company had revenue of $10.94 billion for the quarter, compared to analyst estimates of $10.94 billion. During the same quarter in the previous year, the firm earned $0.95 earnings per share. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year.
AAL has been the topic of several analyst reports. Macquarie set a $53.00 target price on American Airlines Group and gave the company a “buy” rating in a research note on Tuesday, January 29th. Deutsche Bank lowered American Airlines Group from a “buy” rating to a “hold” rating and lifted their target price for the company from $28.81 to $35.63 in a research note on Friday, March 1st. ValuEngine lowered American Airlines Group from a “sell” rating to a “strong sell” rating in a research note on Friday, January 11th. Citigroup lifted their target price on American Airlines Group from $53.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday, November 29th. Finally, Susquehanna Bancshares initiated coverage on American Airlines Group in a research note on Wednesday, November 28th. They issued a “positive” rating and a $47.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company. American Airlines Group has a consensus rating of “Hold” and an average target price of $46.39.
Several hedge funds have recently modified their holdings of AAL. Victory Capital Management Inc. grew its stake in shares of American Airlines Group by 40.6% during the third quarter. Victory Capital Management Inc. now owns 71,655 shares of the airline’s stock worth $2,962,000 after acquiring an additional 20,684 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of American Airlines Group by 113.1% during the third quarter. Private Advisor Group LLC now owns 11,585 shares of the airline’s stock worth $479,000 after purchasing an additional 6,148 shares during the period. Stratos Wealth Partners LTD. acquired a new stake in shares of American Airlines Group during the third quarter worth about $117,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of American Airlines Group during the third quarter worth about $845,000. Finally, ING Groep NV acquired a new stake in shares of American Airlines Group during the third quarter worth about $4,588,000. Institutional investors and hedge funds own 80.83% of the company’s stock.
AAL traded up $0.49 on Thursday, hitting $31.45. The company had a trading volume of 5,707,828 shares, compared to its average volume of 8,304,316. American Airlines Group has a 12-month low of $28.81 and a 12-month high of $54.18. The firm has a market capitalization of $13.91 billion, a PE ratio of 6.91, a price-to-earnings-growth ratio of 0.33 and a beta of 1.55.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 20th. Stockholders of record on Wednesday, February 6th were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, February 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.27%. American Airlines Group’s payout ratio is 8.79%.
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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