Equities research analysts predict that American Airlines Group Inc (NASDAQ:AAL) will report $10.42 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for American Airlines Group’s earnings, with the highest sales estimate coming in at $10.49 billion and the lowest estimate coming in at $10.39 billion. American Airlines Group reported sales of $9.62 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 8.3%. The business is expected to issue its next earnings results before the market opens on Thursday, April 26th.
According to Zacks, analysts expect that American Airlines Group will report full year sales of $45.09 billion for the current year, with estimates ranging from $44.94 billion to $45.39 billion. For the next fiscal year, analysts forecast that the business will post sales of $46.87 billion per share, with estimates ranging from $46.42 billion to $47.29 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for American Airlines Group.
American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, January 25th. The airline reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.03. The company had revenue of $10.60 billion for the quarter, compared to analysts’ expectations of $10.59 billion. American Airlines Group had a net margin of 4.55% and a return on equity of 63.78%. American Airlines Group’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 EPS.
A number of brokerages have issued reports on AAL. Stephens reissued a “hold” rating and set a $62.00 target price on shares of American Airlines Group in a report on Thursday, March 29th. Morgan Stanley reissued an “equal weight” rating and set a $59.00 target price (down previously from $60.00) on shares of American Airlines Group in a report on Friday, February 23rd. BidaskClub cut shares of American Airlines Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 11th. ValuEngine cut shares of American Airlines Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 12th. Finally, Sanford C. Bernstein raised shares of American Airlines Group from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $52.59 to $62.00 in a report on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $61.56.
In related news, Director Richard C. Kraemer sold 3,000 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $52.71, for a total value of $158,130.00. Following the completion of the transaction, the director now directly owns 53,229 shares in the company, valued at $2,805,700.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Matthew J. Hart sold 35,182 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $51.90, for a total transaction of $1,825,945.80. Following the completion of the transaction, the director now owns 33,258 shares of the company’s stock, valued at $1,726,090.20. The disclosure for this sale can be found here. Insiders have sold a total of 77,844 shares of company stock valued at $4,077,040 over the last 90 days. Company insiders own 0.69% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Johnson Financial Group Inc. purchased a new position in American Airlines Group in the fourth quarter worth $127,000. NuWave Investment Management LLC purchased a new position in American Airlines Group in the fourth quarter worth $145,000. Focused Wealth Management Inc purchased a new position in American Airlines Group in the fourth quarter worth $151,000. Kings Point Capital Management purchased a new position in American Airlines Group in the fourth quarter worth $190,000. Finally, Delpha Capital Management LLC purchased a new position in American Airlines Group in the fourth quarter worth $191,000. Institutional investors own 80.55% of the company’s stock.
NASDAQ:AAL opened at $45.75 on Wednesday. The company has a current ratio of 0.61, a quick ratio of 0.52 and a debt-to-equity ratio of 5.73. The company has a market capitalization of $21,702.87, a P/E ratio of 9.38, a P/E/G ratio of 0.48 and a beta of 0.96. American Airlines Group has a 12 month low of $42.01 and a 12 month high of $59.08.
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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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