Zacks: Brokerages Anticipate American Airlines Group, Inc. (AAL) Will Announce Earnings of $1.63 Per Share
Wall Street analysts expect American Airlines Group, Inc. (NASDAQ:AAL) to announce $1.63 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for American Airlines Group’s earnings, with estimates ranging from $1.59 to $1.66. American Airlines Group reported earnings per share of $2.80 in the same quarter last year, which would suggest a negative year-over-year growth rate of 41.8%. The company is scheduled to announce its next quarterly earnings report on Thursday, October 19th.
On average, analysts expect that American Airlines Group will report full year earnings of $5.13 per share for the current year, with EPS estimates ranging from $5.00 to $5.25. For the next fiscal year, analysts anticipate that the firm will report earnings of $5.71 per share, with EPS estimates ranging from $5.10 to $6.20. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover American Airlines Group.
American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Friday, July 28th. The airline reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.05. The business had revenue of $11.11 billion for the quarter, compared to analyst estimates of $11.08 billion. American Airlines Group had a return on equity of 83.58% and a net margin of 5.02%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.77 EPS.
Several research analysts have weighed in on the company. Stifel Nicolaus reaffirmed a “buy” rating on shares of American Airlines Group in a research report on Friday, May 26th. Imperial Capital reaffirmed an “in-line” rating and issued a $43.00 target price on shares of American Airlines Group in a research report on Friday, May 19th. Vetr lowered American Airlines Group from a “buy” rating to a “hold” rating and set a $46.04 target price on the stock. in a research report on Wednesday, April 19th. Cowen and Company reaffirmed an “outperform” rating on shares of American Airlines Group in a research report on Friday, April 14th. Finally, J P Morgan Chase & Co lowered American Airlines Group from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $59.00 to $52.00 in a research report on Thursday, April 27th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $53.57.
American Airlines Group (NASDAQ AAL) opened at 49.40 on Thursday. The firm has a market capitalization of $24.06 billion, a price-to-earnings ratio of 12.26 and a beta of 0.96. The stock has a 50 day moving average price of $50.93 and a 200 day moving average price of $46.80. American Airlines Group has a 1-year low of $33.74 and a 1-year high of $54.48. American Airlines Group also saw unusually large options trading on Monday. Stock investors acquired 1,841 put options on the stock. This is an increase of 221% compared to the average volume of 574 put options.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Investors of record on Monday, August 14th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, August 10th. This represents a $0.40 annualized dividend and a yield of 0.81%. American Airlines Group’s payout ratio is 9.88%.
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In related news, EVP Elise R. Eberwein sold 33,400 shares of the stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $49.74, for a total transaction of $1,661,316.00. Following the completion of the sale, the executive vice president now owns 362,368 shares in the company, valued at approximately $18,024,184.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Elise R. Eberwein sold 50,000 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $50.35, for a total value of $2,517,500.00. Following the sale, the executive vice president now owns 312,368 shares of the company’s stock, valued at approximately $15,727,728.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 187,623 shares of company stock valued at $9,389,966. 0.69% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of American Airlines Group by 4,435.0% in the first quarter. BlackRock Inc. now owns 28,607,876 shares of the airline’s stock valued at $1,210,114,000 after buying an additional 27,977,045 shares during the last quarter. FMR LLC increased its stake in shares of American Airlines Group by 56.3% in the first quarter. FMR LLC now owns 26,825,165 shares of the airline’s stock valued at $1,134,705,000 after buying an additional 9,667,389 shares during the last quarter. Primecap Management Co. CA increased its stake in shares of American Airlines Group by 3.4% in the first quarter. Primecap Management Co. CA now owns 46,745,831 shares of the airline’s stock valued at $1,977,349,000 after buying an additional 1,524,040 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in shares of American Airlines Group by 4,841.9% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 943,900 shares of the airline’s stock valued at $39,927,000 after buying an additional 924,800 shares during the last quarter. Finally, LSV Asset Management increased its stake in shares of American Airlines Group by 34.3% in the first quarter. LSV Asset Management now owns 3,150,482 shares of the airline’s stock valued at $133,265,000 after buying an additional 804,745 shares during the last quarter. Hedge funds and other institutional investors own 81.51% of the company’s stock.
About American Airlines Group
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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