American Airlines Group (AAL) Set to Announce Quarterly Earnings on Thursday

American Airlines Group (NASDAQ:AAL) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, April 26th. Analysts expect the company to announce earnings of $0.56 per share for the quarter. American Airlines Group has set its FY18 guidance at $5.50-6.50 EPS.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, January 25th. The airline reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.03. The firm had revenue of $10.60 billion during the quarter, compared to analysts’ expectations of $10.59 billion. American Airlines Group had a return on equity of 63.78% and a net margin of 4.55%. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 EPS. On average, analysts expect American Airlines Group to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

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American Airlines Group stock opened at $47.76 on Thursday. The stock has a market cap of $21,953.63, a P/E ratio of 9.79, a P/E/G ratio of 0.48 and a beta of 0.96. American Airlines Group has a 52 week low of $42.01 and a 52 week high of $59.08. The company has a debt-to-equity ratio of 5.73, a current ratio of 0.61 and a quick ratio of 0.52.

In other American Airlines Group news, Director Richard C. Kraemer sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $52.71, for a total value of $158,130.00. Following the transaction, the director now directly owns 53,229 shares of the company’s stock, valued at approximately $2,805,700.59. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Matthew J. Hart sold 35,182 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $51.90, for a total value of $1,825,945.80. Following the completion of the transaction, the director now directly owns 33,258 shares in the company, 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 worth $4,077,040 over the last three months. 0.69% of the stock is currently owned by corporate insiders.

AAL has been the subject of several recent analyst reports. Bank of America upgraded American Airlines Group from an “underperform” rating to a “buy” rating and set a $64.00 price target for the company in a report on Tuesday, January 9th. Zacks Investment Research cut American Airlines Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. Morgan Stanley cut American Airlines Group to an “overweight” rating in a report on Friday, April 13th. Buckingham Research lifted their price target on American Airlines Group from $71.00 to $75.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, Stephens restated a “hold” rating and issued a $62.00 price target on shares of American Airlines Group in a report on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $61.44.

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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.

Earnings History for American Airlines Group (NASDAQ:AAL)

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