American Airlines Group, Inc. (NASDAQ:AAL) posted its earnings results on Thursday, October 26th. The airline reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.02, Bloomberg Earnings reports. American Airlines Group had a return on equity of 64.92% and a net margin of 4.71%. The company had revenue of $10.88 billion for the quarter, compared to analyst estimates of $10.88 billion. During the same period last year, the company earned $2.80 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year.
Shares of American Airlines Group (AAL) traded up $0.05 during midday trading on Friday, reaching $45.82. 2,433,000 shares of the company were exchanged, compared to its average volume of 6,186,272. The firm has a market cap of $21,900.90, a price-to-earnings ratio of 9.40 and a beta of 0.97. The company has a debt-to-equity ratio of 5.63, a quick ratio of 0.57 and a current ratio of 0.65. American Airlines Group has a 12-month low of $39.21 and a 12-month high of $54.48.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Monday, November 13th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Friday, November 10th. American Airlines Group’s payout ratio is presently 10.18%.
In related news, Director Ray M. Robinson sold 3,476 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $46.76, for a total value of $162,537.76. Following the completion of the transaction, the director now directly owns 29,938 shares of the company’s stock, valued at approximately $1,399,900.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.64% of the stock is currently owned by corporate insiders.
A number of equities analysts have recently commented on the company. Morgan Stanley reiterated an “equal weight” rating and issued a $54.00 price objective (up from $53.00) on shares of American Airlines Group in a research note on Monday, July 17th. Imperial Capital reiterated an “in-line” rating and issued a $49.00 price objective (up from $43.00) on shares of American Airlines Group in a research note on Sunday, July 23rd. BidaskClub downgraded American Airlines Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research downgraded American Airlines Group from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Finally, Sanford C. Bernstein reissued a “hold” rating on shares of American Airlines Group in a research report on Monday, August 7th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $58.47.
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American Airlines Group Company Profile
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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