American Airlines Group Inc (NASDAQ:AAL) declared a quarterly dividend on Friday, October 26th, Wall Street Journal reports. Stockholders of record on Tuesday, November 6th will be given a dividend of 0.10 per share by the airline on Tuesday, November 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Monday, November 5th.
American Airlines Group has raised its dividend by an average of 26.0% per year over the last three years. American Airlines Group has a payout ratio of 8.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect American Airlines Group to earn $5.18 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 7.7%.
AAL stock opened at $36.33 on Friday. The stock has a market cap of $16.73 billion, a PE ratio of 8.15, a P/E/G ratio of 1.06 and a beta of 1.12. American Airlines Group has a 1 year low of $30.24 and a 1 year high of $59.08.
American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, October 25th. The airline reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.01. The company had revenue of $11.56 billion for the quarter, compared to analysts’ expectations of $11.55 billion. American Airlines Group had a net margin of 3.06% and a return on equity of 568.86%. On average, research analysts forecast that American Airlines Group will post 4.51 earnings per share for the current fiscal year.
In other American Airlines Group news, Director John T. Cahill purchased 25,000 shares of the company’s stock in a transaction that occurred on Monday, October 29th. The shares were acquired at an average price of $33.47 per share, with a total value of $836,750.00. Following the transaction, the director now owns 6,531 shares in the company, valued at $218,592.57. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is currently owned by company insiders.
A number of equities analysts have recently issued reports on AAL shares. Cowen cut their price objective on shares of American Airlines Group from $55.00 to $48.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 11th. Imperial Capital cut their price objective on shares of American Airlines Group from $56.00 to $50.00 and set an “outperform” rating on the stock in a research report on Thursday, July 12th. They noted that the move was a valuation call. Morgan Stanley cut their price objective on shares of American Airlines Group from $46.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 12th. Barclays cut their price objective on shares of American Airlines Group from $68.00 to $60.00 and set an “overweight” rating on the stock in a research report on Monday, July 16th. Finally, Buckingham Research cut their price objective on shares of American Airlines Group from $63.00 to $57.00 and set a “buy” rating on the stock in a research report on Tuesday, July 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. American Airlines Group presently has an average rating of “Buy” and an average price target of $50.71.
About American Airlines Group
American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2017, the company operated a mainline fleet of 948 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, and Phoenix, as well as in Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.
See Also: Earnings Reports
Receive News & Ratings for American Airlines Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group and related companies with MarketBeat.com's FREE daily email newsletter.