Brokers Set Expectations for American Airlines Group Inc’s Q1 2019 Earnings (AAL)
American Airlines Group Inc (NASDAQ:AAL) – Imperial Capital decreased their Q1 2019 EPS estimates for shares of American Airlines Group in a report issued on Friday, March 15th. Imperial Capital analyst M. Derchin now expects that the airline will post earnings of $0.57 per share for the quarter, down from their prior estimate of $0.61. Imperial Capital currently has a “Outperform” rating and a $43.00 target price on the stock.
AAL has been the topic of a number of other research reports. Credit Suisse Group started coverage on shares of American Airlines Group in a research report on Monday, November 19th. They issued a “neutral” rating and a $41.00 price objective on the stock. ValuEngine cut shares of American Airlines Group from a “sell” rating to a “strong sell” rating in a research report on Friday, January 11th. Vertical Research started coverage on shares of American Airlines Group in a research report on Monday, February 4th. They issued a “hold” rating on the stock. Cowen restated an “outperform” rating and issued a $42.00 price objective (down previously from $43.00) on shares of American Airlines Group in a research report on Thursday, January 10th. Finally, Citigroup boosted their price objective on shares of American Airlines Group from $53.00 to $56.00 and gave the company a “buy” rating in a research report on Thursday, November 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $46.39.
American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data 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 firm 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 company earned $0.95 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 20th. Stockholders of record on Wednesday, February 6th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Tuesday, February 5th. American Airlines Group’s payout ratio is 8.79%.
Large investors have recently bought and sold shares of the stock. Signet Investment Advisory Group Inc. bought a new stake in American Airlines Group during the fourth quarter worth about $32,000. Capital Investment Advisory Services LLC bought a new stake in American Airlines Group during the fourth quarter worth about $32,000. JNBA Financial Advisors bought a new stake in American Airlines Group during the fourth quarter worth about $32,000. IMS Capital Management bought a new stake in American Airlines Group during the third quarter worth about $35,000. Finally, Financial Gravity Companies Inc. bought a new stake in American Airlines Group during the fourth quarter worth about $44,000. 78.96% of the stock is currently owned by institutional investors and hedge funds.
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, 2017, the company operated a mainline fleet of 948 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, and Phoenix, as well as in 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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