Seaport Res Ptn Equities Analysts Boost Earnings Estimates for American Airlines Group Inc. (NASDAQ:AAL)

American Airlines Group Inc. (NASDAQ:AAL) – Seaport Res Ptn increased their FY2021 EPS estimates for shares of American Airlines Group in a report issued on Tuesday, January 11th. Seaport Res Ptn analyst D. Mckenzie now anticipates that the airline will earn ($8.40) per share for the year, up from their previous forecast of ($8.70). Seaport Res Ptn also issued estimates for American Airlines Group’s Q4 2021 earnings at ($1.40) EPS, Q1 2022 earnings at ($2.00) EPS, Q2 2022 earnings at $0.95 EPS, Q3 2022 earnings at $0.90 EPS and FY2022 earnings at $0.80 EPS.

Several other research firms have also issued reports on AAL. Zacks Investment Research lowered American Airlines Group from a “hold” rating to a “sell” rating and set a $19.00 price target on the stock. in a research report on Wednesday, December 22nd. Citigroup dropped their target price on American Airlines Group from $21.50 to $20.50 and set a “neutral” rating on the stock in a research report on Tuesday, October 26th. Morgan Stanley raised American Airlines Group from an “underweight” rating to an “equal weight” rating and dropped their target price for the stock from $23.00 to $21.00 in a research report on Tuesday. Finally, The Goldman Sachs Group lowered American Airlines Group from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $19.00 to $18.00 in a research report on Wednesday, October 6th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, American Airlines Group has a consensus rating of “Hold” and a consensus price target of $21.77.

AAL stock opened at $18.49 on Friday. The firm has a market cap of $11.97 billion, a P/E ratio of -3.36 and a beta of 1.66. American Airlines Group has a 12-month low of $15.02 and a 12-month high of $26.09. The stock’s 50 day simple moving average is $18.64 and its 200 day simple moving average is $19.68.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Wednesday, October 20th. The airline reported ($0.99) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.04) by $0.05. The business had revenue of $9 billion for the quarter, compared to analysts’ expectations of $8.92 billion. The business’s quarterly revenue was up 183.6% compared to the same quarter last year. During the same quarter last year, the company posted ($5.54) earnings per share.

Several large investors have recently added to or reduced their stakes in the stock. Stevens Capital Management LP lifted its stake in American Airlines Group by 150.6% in the 2nd quarter. Stevens Capital Management LP now owns 70,946 shares of the airline’s stock worth $1,505,000 after acquiring an additional 42,632 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in American Airlines Group by 14.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 666,807 shares of the airline’s stock worth $13,682,000 after acquiring an additional 84,125 shares in the last quarter. Avondale Wealth Management lifted its stake in American Airlines Group by 74.4% in the 3rd quarter. Avondale Wealth Management now owns 17,000 shares of the airline’s stock worth $349,000 after acquiring an additional 7,250 shares in the last quarter. LMR Partners LLP purchased a new stake in American Airlines Group in the 2nd quarter worth about $407,000. Finally, Treasurer of the State of North Carolina lifted its stake in American Airlines Group by 2.2% in the 3rd quarter. Treasurer of the State of North Carolina now owns 266,717 shares of the airline’s stock worth $5,473,000 after acquiring an additional 5,859 shares in the last quarter. Institutional investors and hedge funds own 56.31% of the company’s stock.

About American Airlines Group

American Airlines Group, Inc is a holding company, which engages in the operation of a network carrier through its principal wholly-owned mainline operating subsidiary, American. The firm offers air transportation for passengers and cargo. It operates through the following geographical segments: Department of Transportation Domestic; Department of Transportation Latin America; Department of Transportation Atlantic; and Department of Transportation Pacific.

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Earnings History and Estimates for American Airlines Group (NASDAQ:AAL)

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