American Airlines Group (AAL) Issues FY 2018 Earnings Guidance

American Airlines Group (NASDAQ:AAL) issued an update on its FY 2018 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $4.40-4.60 for the period, compared to the Thomson Reuters consensus estimate of $4.62. American Airlines Group also updated its FY18 guidance to 4.40-4.60 EPS.

Shares of NASDAQ:AAL traded down $1.97 during trading on Thursday, reaching $31.45. The stock had a trading volume of 834,513 shares, compared to its average volume of 8,786,449. American Airlines Group has a 52 week low of $28.81 and a 52 week high of $59.08. The firm has a market cap of $14.76 billion, a P/E ratio of 6.42, a P/E/G ratio of 0.75 and a beta of 1.32.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, October 25th. The airline reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.01. The company had revenue of $11.56 billion during the quarter, compared to analyst estimates of $11.55 billion. American Airlines Group had a net margin of 3.06% and a return on equity of 568.86%. As a group, equities analysts expect that American Airlines Group will post 4.57 EPS for the current year.

Several equities analysts have recently commented on the company. Imperial Capital cut their price target on American Airlines Group from $55.00 to $45.00 and set an outperform rating on the stock in a research note on Wednesday. They noted that the move was a valuation call. Cowen lowered their price objective on American Airlines Group from $43.00 to $42.00 and set an outperform rating on the stock in a research note on Thursday. Zacks Investment Research reissued a hold rating on shares of American Airlines Group in a research note on Monday, November 12th. ValuEngine lowered American Airlines Group from a sell rating to a strong sell rating in a research note on Tuesday, October 9th. Finally, BidaskClub lowered American Airlines Group from a hold rating to a sell rating in a research note on Thursday, October 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $48.24.

In other news, Director Jeffrey D. Benjamin bought 15,000 shares of the company’s stock in a transaction dated Monday, November 19th. The stock was bought at an average cost of $35.69 per share, for a total transaction of $535,350.00. Following the transaction, the director now owns 22,146 shares of the company’s stock, valued at $790,390.74. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John T. Cahill bought 25,000 shares of the company’s stock in a transaction dated Monday, October 29th. The stock was purchased at an average price of $33.47 per share, with a total value of $836,750.00. Following the completion of the transaction, the director now directly owns 6,531 shares in the company, valued at approximately $218,592.57. The disclosure for this purchase can be found here. Company insiders own 0.70% of the company’s stock.

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American Airlines Group Company Profile

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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