American Airlines Group Inc. (NASDAQ:AAL) Expected to Post Earnings of -$0.87 Per Share

Brokerages expect that American Airlines Group Inc. (NASDAQ:AAL) will announce earnings per share (EPS) of ($0.87) for the current quarter, according to Zacks. Eight analysts have made estimates for American Airlines Group’s earnings, with the highest EPS estimate coming in at ($0.41) and the lowest estimate coming in at ($1.36). American Airlines Group reported earnings of ($5.54) per share in the same quarter last year, which suggests a positive year over year growth rate of 84.3%. The business is scheduled to report its next quarterly earnings report on Thursday, October 28th.

According to Zacks, analysts expect that American Airlines Group will report full-year earnings of ($7.31) per share for the current financial year, with EPS estimates ranging from ($8.00) to ($6.40). For the next fiscal year, analysts anticipate that the firm will report earnings of $0.95 per share, with EPS estimates ranging from ($0.57) to $3.00. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow American Airlines Group.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Wednesday, July 21st. The airline reported ($1.69) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.71) by $0.02. The business had revenue of $7.48 billion for the quarter, compared to analyst estimates of $7.48 billion. American Airlines Group’s quarterly revenue was up 361.0% compared to the same quarter last year. During the same period last year, the firm earned ($7.82) EPS.

A number of equities analysts have weighed in on AAL shares. Seaport Res Ptn raised American Airlines Group from a “neutral” rating to a “buy” rating in a research report on Friday, July 23rd. Susquehanna raised American Airlines Group from a “negative” rating to a “neutral” rating and upped their target price for the company from $18.00 to $20.00 in a research report on Tuesday, July 27th. Berenberg Bank raised American Airlines Group from a “sell” rating to a “hold” rating and upped their target price for the company from $16.00 to $19.00 in a research report on Tuesday, July 27th. The Goldman Sachs Group decreased their target price on American Airlines Group from $19.00 to $17.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 7th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $23.00 target price on shares of American Airlines Group in a research report on Friday, August 6th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $20.73.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AAL. Park Avenue Securities LLC bought a new stake in American Airlines Group during the first quarter worth $223,000. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in American Airlines Group by 318.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 56,414 shares of the airline’s stock worth $1,348,000 after purchasing an additional 42,946 shares during the last quarter. Centaurus Financial Inc. bought a new stake in American Airlines Group during the first quarter worth $131,000. Virginia Retirement Systems ET AL bought a new stake in American Airlines Group during the first quarter worth $734,000. Finally, Texas Permanent School Fund lifted its stake in American Airlines Group by 2.8% during the first quarter. Texas Permanent School Fund now owns 106,814 shares of the airline’s stock worth $2,553,000 after purchasing an additional 2,895 shares during the last quarter. Hedge funds and other institutional investors own 53.32% of the company’s stock.

NASDAQ AAL traded down $0.16 during trading on Friday, reaching $19.73. 32,529,308 shares of the company’s stock were exchanged, compared to its average volume of 39,970,117. The business has a 50 day moving average price of $20.07 and a 200-day moving average price of $21.73. The stock has a market capitalization of $12.77 billion, a P/E ratio of -1.89 and a beta of 1.78. American Airlines Group has a fifty-two week low of $10.63 and a fifty-two week high of $26.09.

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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