$10.93 Billion in Sales Expected for American Airlines Group Inc (AAL) This Quarter

Brokerages predict that American Airlines Group Inc (NASDAQ:AAL) will report $10.93 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for American Airlines Group’s earnings, with estimates ranging from $10.89 billion to $10.95 billion. American Airlines Group posted sales of $10.36 billion in the same quarter last year, which suggests a positive year over year growth rate of 5.5%. The business is scheduled to report its next earnings results on Friday, July 28th.

According to Zacks, analysts expect that American Airlines Group will report full-year sales of $10.93 billion for the current fiscal year, with estimates ranging from $41.70 billion to $42.25 billion. For the next fiscal year, analysts expect that the business will report sales of $43.41 billion per share, with estimates ranging from $42.85 billion to $44.19 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover American Airlines Group.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, April 27th. The airline reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. American Airlines Group had a net margin of 2.43% and a return on equity of 25.92%. The business had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.62 billion. During the same quarter in the prior year, the firm earned $1.25 EPS. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year.

A number of brokerages recently issued reports on AAL. Vetr upgraded shares of American Airlines Group from a “buy” rating to a “strong-buy” rating and set a $53.62 target price for the company in a research report on Tuesday, May 23rd. Atlantic Securities began coverage on shares of American Airlines Group in a research report on Tuesday, June 20th. They set an “underweight” rating and a $56.00 target price for the company. Cowen and Company reiterated an “outperform” rating on shares of American Airlines Group in a research report on Friday, April 14th. Morgan Stanley reiterated an “equal weight” rating and set a $49.00 target price (up previously from $46.00) on shares of American Airlines Group in a research report on Friday, June 16th. Finally, Barclays PLC reiterated an “equal weight” rating on shares of American Airlines Group in a research report on Friday, May 19th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $47.23.

In other news, Director James F. Albaugh acquired 3,000 shares of American Airlines Group stock in a transaction that occurred on Thursday, May 4th. The shares were acquired at an average price of $43.85 per share, with a total value of $131,550.00. Following the purchase, the director now directly owns 14,737 shares of the company’s stock, valued at $646,217.45. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Derek J. Kerr sold 104,223 shares of American Airlines Group stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $50.00, for a total transaction of $5,211,150.00. Following the transaction, the vice president now directly owns 591,195 shares in the company, valued at approximately $29,559,750. The disclosure for this sale can be found here. Insiders have sold a total of 161,480 shares of company stock worth $7,999,471 in the last three months. 0.69% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in AAL. Quadrature Capital Ltd bought a new position in shares of American Airlines Group during the fourth quarter worth $10,711,000. Elkhorn Investments LLC bought a new position in shares of American Airlines Group during the fourth quarter worth $768,000. Norges Bank bought a new position in shares of American Airlines Group during the fourth quarter worth $98,140,000. Appaloosa LP bought a new position in shares of American Airlines Group during the fourth quarter worth $60,387,000. Finally, Numeric Investors LLC bought a new position in shares of American Airlines Group during the fourth quarter worth $934,000. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

American Airlines Group (NASDAQ AAL) traded up 1.79% on Wednesday, reaching $49.37. 736,576 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $47.53 and a 200-day moving average of $45.98. The firm has a market capitalization of $24.32 billion, a price-to-earnings ratio of 11.84 and a beta of 0.97. American Airlines Group has a 12 month low of $24.85 and a 12 month high of $51.95.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 30th. Investors of record on Saturday, May 6th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Friday, May 12th. American Airlines Group’s payout ratio is 9.76%.

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American Airlines Group Company Profile

American Airlines Group Inc is a holding company. The Company’s primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. The Company operates through American segment, which provides air transportation for passengers and cargo.

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