American Airlines Group Inc to Post FY2017 Earnings of $4.82 Per Share, Imperial Capital Forecasts (AAL)

American Airlines Group Inc (NASDAQ:AAL) – Equities researchers at Imperial Capital raised their FY2017 earnings estimates for shares of American Airlines Group in a report issued on Thursday, according to Zacks Investment Research. Imperial Capital analyst M. Derchin now forecasts that the airline will post earnings per share of $4.82 for the year, up from their previous forecast of $4.67. Imperial Capital has a “In-Line” rating and a $53.00 price target on the stock. Imperial Capital also issued estimates for American Airlines Group’s Q4 2017 earnings at $0.89 EPS, Q1 2018 earnings at $0.73 EPS and Q3 2018 earnings at $1.55 EPS.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, January 25th. The airline reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.03. American Airlines Group had a net margin of 4.55% and a return on equity of 63.78%. The company had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.59 billion. During the same period in the prior year, the company posted $0.92 EPS. The company’s revenue was up 8.3% compared to the same quarter last year.

A number of other brokerages also recently weighed in on AAL. Buckingham Research reiterated a “buy” rating and issued a $71.00 price target (up from $66.00) on shares of American Airlines Group in a research report on Thursday, January 11th. Citigroup increased their price target on shares of American Airlines Group to $65.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Morgan Stanley increased their price target on shares of American Airlines Group from $58.00 to $60.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. Stephens reiterated a “hold” rating and issued a $61.00 price target on shares of American Airlines Group in a research report on Friday, January 26th. Finally, BidaskClub upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $61.56.

American Airlines Group (NASDAQ AAL) traded down $2.34 during trading on Friday, reaching $49.76. 6,839,185 shares of the company’s stock were exchanged, compared to its average volume of 5,180,000. The company has a current ratio of 0.61, a quick ratio of 0.52 and a debt-to-equity ratio of 5.73. American Airlines Group has a 52 week low of $39.21 and a 52 week high of $59.08. The firm has a market cap of $23,810.00, a P/E ratio of 12.73, a PEG ratio of 1.13 and a beta of 0.96.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Tuesday, February 6th will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, February 5th. This represents a $0.40 annualized dividend and a yield of 0.80%. American Airlines Group’s dividend payout ratio (DPR) is currently 10.23%.

In other news, Director Alberto Ibarguen sold 4,229 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $47.60, for a total transaction of $201,300.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO W Douglas Parker sold 224,572 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $52.32, for a total transaction of $11,749,607.04. Following the transaction, the chief executive officer now directly owns 1,925,242 shares of the company’s stock, valued at $100,728,661.44. The disclosure for this sale can be found here. Insiders have sold a total of 271,463 shares of company stock worth $14,202,001 over the last 90 days. Corporate insiders own 0.69% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Westside Investment Management Inc. grew its stake in shares of American Airlines Group by 3.5% in the second quarter. Westside Investment Management Inc. now owns 2,116 shares of the airline’s stock valued at $111,000 after buying an additional 72 shares in the last quarter. WFG Advisors LP grew its stake in shares of American Airlines Group by 28.1% in the second quarter. WFG Advisors LP now owns 2,367 shares of the airline’s stock valued at $119,000 after buying an additional 519 shares in the last quarter. IHT Wealth Management LLC grew its stake in shares of American Airlines Group by 516.8% in the second quarter. IHT Wealth Management LLC now owns 2,387 shares of the airline’s stock valued at $126,000 after buying an additional 2,000 shares in the last quarter. Exane Derivatives grew its stake in shares of American Airlines Group by 416.3% in the third quarter. Exane Derivatives now owns 2,592 shares of the airline’s stock valued at $123,000 after buying an additional 2,090 shares in the last quarter. Finally, Blue Granite Capital LLC bought a new position in shares of American Airlines Group in the third quarter valued at $131,000. 81.20% of the stock is owned by institutional investors.

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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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