American Airlines Group, Inc. (AAL) Posts Earnings Results

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.

Earnings History for American Airlines Group (NASDAQ:AAL)

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