American Airlines Group Inc. (NASDAQ:AAL) Expected to Post Quarterly Sales of $9.09 Billion

Brokerages forecast that American Airlines Group Inc. (NASDAQ:AAL) will announce sales of $9.09 billion for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for American Airlines Group’s earnings, with estimates ranging from $9.02 billion to $9.21 billion. American Airlines Group reported sales of $4.03 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 125.6%. The firm is scheduled to announce its next quarterly earnings report on Thursday, January 27th.

According to Zacks, analysts expect that American Airlines Group will report full year sales of $29.55 billion for the current financial year, with estimates ranging from $29.47 billion to $29.67 billion. For the next fiscal year, analysts forecast that the company will post sales of $42.95 billion, with estimates ranging from $39.78 billion to $45.41 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover American Airlines Group.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Wednesday, October 20th. The airline reported ($0.99) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.04) by $0.05. The company had revenue of $9 billion during the quarter, compared to analyst estimates of $8.92 billion. The firm’s revenue for the quarter was up 183.6% compared to the same quarter last year. During the same period last year, the firm earned ($5.54) EPS.

AAL has been the topic of a number of recent analyst reports. Redburn Partners initiated coverage on American Airlines Group in a research report on Wednesday, August 11th. They issued a “buy” rating on the stock. Morgan Stanley lifted their target price on American Airlines Group from $21.00 to $23.00 and gave the company an “underweight” rating in a research report on Tuesday, September 14th. Citigroup decreased 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. Finally, The Goldman Sachs Group cut American Airlines Group from a “neutral” rating to a “sell” rating and decreased their target price for the company 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, nine have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.92.

Large investors have recently added to or reduced their stakes in the company. Evolution Wealth Advisors LLC boosted its holdings in American Airlines Group by 71.4% in the third quarter. Evolution Wealth Advisors LLC now owns 1,200 shares of the airline’s stock valued at $25,000 after acquiring an additional 500 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in American Airlines Group by 86.1% in the second quarter. O Shaughnessy Asset Management LLC now owns 1,351 shares of the airline’s stock valued at $29,000 after acquiring an additional 625 shares during the last quarter. FinTrust Capital Advisors LLC boosted its holdings in American Airlines Group by 200.0% in the second quarter. FinTrust Capital Advisors LLC now owns 1,500 shares of the airline’s stock valued at $32,000 after acquiring an additional 1,000 shares during the last quarter. Stonebridge Capital Advisors LLC bought a new stake in American Airlines Group in the second quarter valued at approximately $32,000. Finally, Capital Analysts LLC boosted its holdings in American Airlines Group by 50.0% in the second quarter. Capital Analysts LLC now owns 1,650 shares of the airline’s stock valued at $35,000 after acquiring an additional 550 shares during the last quarter. Institutional investors own 53.23% of the company’s stock.

AAL stock traded down $0.80 during midday trading on Friday, reaching $16.62. The company had a trading volume of 57,793,258 shares, compared to its average volume of 37,265,464. American Airlines Group has a 1-year low of $14.71 and a 1-year high of $26.09. The stock has a 50 day moving average price of $19.88 and a 200-day moving average price of $20.74. The company has a market capitalization of $10.76 billion, a price-to-earnings ratio of -3.02 and a beta of 1.66.

American Airlines Group Company Profile

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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