American Airlines Group Inc (NASDAQ:AAL) – Stock analysts at Imperial Capital raised their Q4 2018 earnings per share estimates for American Airlines Group in a research report issued to clients and investors on Tuesday, December 4th. Imperial Capital analyst M. Derchin now anticipates that the airline will post earnings per share of $1.30 for the quarter, up from their previous estimate of $1.04. Imperial Capital currently has a “Outperform” rating and a $55.00 price target on the stock. Imperial Capital also issued estimates for American Airlines Group’s Q1 2019 earnings at $0.91 EPS, Q2 2019 earnings at $2.17 EPS, Q3 2019 earnings at $1.61 EPS and FY2020 earnings at $7.35 EPS.
Several other brokerages have also recently commented on AAL. BidaskClub cut shares of American Airlines Group from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Credit Suisse Group initiated coverage on shares of American Airlines Group in a research report on Monday, November 19th. They set a “neutral” rating and a $41.00 price target for the company. Morgan Stanley set a $39.00 price target on shares of American Airlines Group and gave the stock a “hold” rating in a research report on Friday, October 5th. ValuEngine upgraded shares of American Airlines Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. Finally, JPMorgan Chase & Co. set a $53.00 price target on shares of American Airlines Group and gave the stock a “buy” rating in a research report on Monday, October 15th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $50.53.
Shares of NASDAQ AAL opened at $36.69 on Thursday. American Airlines Group has a 1-year low of $30.24 and a 1-year high of $59.08. The stock has a market capitalization of $16.90 billion, a price-to-earnings ratio of 7.52, a P/E/G ratio of 1.06 and a beta of 1.15.
American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, October 25th. The airline reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.01. American Airlines Group had a net margin of 3.06% and a return on equity of 568.86%. The company had revenue of $11.56 billion during the quarter, compared to the consensus estimate of $11.55 billion.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Truvestments Capital LLC acquired a new position in American Airlines Group during the third quarter valued at approximately $115,000. Stratos Wealth Partners LTD. acquired a new position in American Airlines Group during the third quarter valued at approximately $117,000. Glenmede Trust Co. NA grew its holdings in American Airlines Group by 108.7% during the third quarter. Glenmede Trust Co. NA now owns 3,366 shares of the airline’s stock valued at $138,000 after purchasing an additional 1,753 shares during the period. Trilogy Capital Inc. grew its holdings in American Airlines Group by 10,137.5% during the second quarter. Trilogy Capital Inc. now owns 4,095 shares of the airline’s stock valued at $155,000 after purchasing an additional 4,055 shares during the period. Finally, Piedmont Investment Advisors LLC acquired a new position in American Airlines Group during the second quarter valued at approximately $185,000. Hedge funds and other institutional investors own 81.16% of the company’s stock.
In other news, Director John T. Cahill acquired 25,000 shares of the firm’s stock in a transaction that occurred on Monday, October 29th. The stock was purchased at an average price of $33.47 per share, for a total transaction of $836,750.00. Following the completion of the acquisition, the director now owns 6,531 shares in the company, valued at $218,592.57. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jeffrey D. Benjamin acquired 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The shares were purchased at an average price of $35.69 per share, with a total value of $535,350.00. Following the acquisition, the director now owns 22,146 shares of the company’s stock, valued at approximately $790,390.74. The disclosure for this purchase can be found here. 0.70% of the stock is owned by insiders.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 20th. Stockholders of record on Tuesday, November 6th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.09%. The ex-dividend date was Monday, November 5th. American Airlines Group’s dividend payout ratio is 8.20%.
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.
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