$10.58 Billion in Sales Expected for American Airlines Group Inc (AAL) This Quarter

Wall Street brokerages expect that American Airlines Group Inc (NASDAQ:AAL) will post sales of $10.58 billion for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for American Airlines Group’s earnings. The highest sales estimate is $10.60 billion and the lowest is $10.56 billion. American Airlines Group posted sales of $9.79 billion during the same quarter last year, which would indicate a positive year over year growth rate of 8.1%. The business is expected to issue its next quarterly earnings report before the market opens on Thursday, January 25th.

On average, analysts expect that American Airlines Group will report full year sales of $10.58 billion for the current fiscal year, with estimates ranging from $42.17 billion to $42.50 billion. For the next financial year, analysts expect that the firm will report sales of $44.50 billion per share, with estimates ranging from $44.09 billion to $44.82 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for American Airlines Group.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, October 26th. The airline reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.02. 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 during the quarter, compared to analysts’ expectations of $10.88 billion. During the same period last year, the business posted $2.80 EPS. American Airlines Group’s revenue for the quarter was up 2.7% on a year-over-year basis.

Several brokerages have recently issued reports on AAL. Buckingham Research reiterated a “buy” rating and issued a $71.00 price objective (up previously from $66.00) on shares of American Airlines Group in a research note on Thursday, January 11th. Imperial Capital reiterated an “in-line” rating and issued a $53.00 price objective (up previously from $47.00) on shares of American Airlines Group in a research note on Thursday, January 11th. Citigroup lifted their price objective on American Airlines Group to $65.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Stephens reiterated a “hold” rating and issued a $62.00 price objective on shares of American Airlines Group in a research note on Wednesday, January 10th. Finally, Bank of America upgraded American Airlines Group from an “underperform” rating to a “buy” rating and set a $64.00 price objective for the company in a research note on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $60.35.

American Airlines Group (AAL) opened at $58.10 on Tuesday. The company has a debt-to-equity ratio of 5.63, a current ratio of 0.65 and a quick ratio of 0.57. The stock has a market capitalization of $27,800.00, a PE ratio of 14.78, a PEG ratio of 5.21 and a beta of 0.99. American Airlines Group has a 52 week low of $39.21 and a 52 week high of $59.08.

In other American Airlines Group news, Director Alberto Ibarguen sold 4,229 shares of American Airlines Group stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $47.60, for a total transaction of $201,300.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO W Douglas Parker sold 224,572 shares of American Airlines Group stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $52.32, for a total value of $11,749,607.04. Following the transaction, the chief executive officer now directly owns 1,925,242 shares in the company, valued at approximately $100,728,661.44. The disclosure for this sale can be found here. 0.69% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Westside Investment Management Inc. increased its position in American Airlines Group by 3.5% during the second quarter. Westside Investment Management Inc. now owns 2,116 shares of the airline’s stock worth $111,000 after buying an additional 72 shares during the period. Thrivent Financial For Lutherans increased its holdings in shares of American Airlines Group by 0.6% in the second quarter. Thrivent Financial For Lutherans now owns 21,507 shares of the airline’s stock valued at $1,090,000 after purchasing an additional 130 shares during the period. WFG Advisors LP increased its holdings 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 purchasing an additional 519 shares during the period. D.A. Davidson & CO. increased its holdings in shares of American Airlines Group by 8.3% in the second quarter. D.A. Davidson & CO. now owns 13,111 shares of the airline’s stock valued at $659,000 after purchasing an additional 1,007 shares during the period. Finally, Williams Jones & Associates LLC increased its holdings in shares of American Airlines Group by 1.6% in the second quarter. Williams Jones & Associates LLC now owns 67,068 shares of the airline’s stock valued at $3,375,000 after purchasing an additional 1,025 shares during the period. 81.27% of the stock is currently 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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