Wall Street brokerages expect American Airlines Group Inc (NASDAQ:AAL) to report $0.56 earnings per share (EPS) for the current quarter, Zacks reports. Ten analysts have made estimates for American Airlines Group’s earnings. The lowest EPS estimate is $0.45 and the highest is $0.65. American Airlines Group reported earnings of $0.75 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 25.3%. The firm is scheduled to announce its next earnings results on Thursday, April 25th.

According to Zacks, analysts expect that American Airlines Group will report full year earnings of $5.84 per share for the current year, with EPS estimates ranging from $5.21 to $6.30. For the next year, analysts anticipate that the firm will report earnings of $6.11 per share, with EPS estimates ranging from $3.63 to $7.50. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover American Airlines Group.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, January 24th. The airline reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. American Airlines Group had a net margin of 3.17% and a negative return on equity of 322.87%. The business had revenue of $10.94 billion for the quarter, compared to analysts’ expectations of $10.94 billion. During the same quarter in the previous year, the firm posted $0.95 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year.

Several brokerages recently issued reports on AAL. Bank of America restated a “buy” rating and issued a $39.00 target price (down previously from $42.00) on shares of American Airlines Group in a report on Thursday, April 4th. Zacks Investment Research upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Thursday, December 13th. BidaskClub upgraded shares of American Airlines Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, April 3rd. Cowen dropped their target price on shares of American Airlines Group from $43.00 to $42.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Imperial Capital dropped their target price on shares of American Airlines Group from $55.00 to $45.00 and set an “outperform” rating on the stock in a report on Wednesday, January 9th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the stock. American Airlines Group has a consensus rating of “Hold” and a consensus price target of $45.74.

Several institutional investors have recently modified their holdings of AAL. Accurate Investment Solutions Inc. boosted its stake in shares of American Airlines Group by 100.0% during the 1st quarter. Accurate Investment Solutions Inc. now owns 800 shares of the airline’s stock worth $25,000 after acquiring an additional 400 shares during the last quarter. Signet Investment Advisory Group Inc. purchased a new position in shares of American Airlines Group during the 4th quarter worth $32,000. Capital Investment Advisory Services LLC purchased a new position in shares of American Airlines Group during the 4th quarter valued at $32,000. JNBA Financial Advisors purchased a new position in shares of American Airlines Group during the 4th quarter valued at $32,000. Finally, IMS Capital Management purchased a new position in shares of American Airlines Group during the 3rd quarter valued at $35,000. Institutional investors and hedge funds own 81.47% of the company’s stock.

Shares of American Airlines Group stock traded up $0.79 during trading on Thursday, hitting $34.81. The stock had a trading volume of 7,351,867 shares, compared to its average volume of 8,031,029. American Airlines Group has a 12 month low of $28.81 and a 12 month high of $48.38. The stock has a market cap of $14.96 billion, a P/E ratio of 7.65, a PEG ratio of 1.47 and a beta of 1.53.

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, 2018, the company operated a mainline fleet of 956 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, London Heathrow, Los Angeles, Miami, New York, Philadelphia, Phoenix, and 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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