American Airlines Group Inc (AAL) Expected to Post Quarterly Sales of $11.75 Billion

Wall Street brokerages predict that American Airlines Group Inc (NASDAQ:AAL) will post $11.75 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for American Airlines Group’s earnings. The lowest sales estimate is $11.72 billion and the highest is $11.81 billion. American Airlines Group posted sales of $11.11 billion in the same quarter last year, which would indicate a positive year over year growth rate of 5.8%. The company is scheduled to issue its next quarterly earnings report on Friday, July 27th.

According to Zacks, analysts expect that American Airlines Group will report full-year sales of $45.23 billion for the current financial year, with estimates ranging from $44.98 billion to $45.40 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $46.92 billion per share, with estimates ranging from $46.49 billion to $47.36 billion. Zacks’ sales averages are an average based on a survey of analysts that follow American Airlines Group.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, April 26th. The airline reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.01. American Airlines Group had a return on equity of 92.63% and a net margin of 4.35%. The company had revenue of $10.40 billion for the quarter, compared to the consensus estimate of $10.41 billion. During the same period in the previous year, the business earned $0.61 EPS. American Airlines Group’s revenue for the quarter was up 5.9% compared to the same quarter last year.

Several research analysts have recently commented on the company. Zacks Investment Research upgraded American Airlines Group from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research report on Tuesday, February 13th. Stephens reiterated a “hold” rating and issued a $61.00 target price on shares of American Airlines Group in a research report on Friday, January 26th. Morgan Stanley lifted their target price on American Airlines Group from $58.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. ValuEngine lowered American Airlines Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 12th. Finally, Sanford C. Bernstein upgraded American Airlines Group from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $52.59 to $62.00 in a research report on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $61.60.

In other American Airlines Group news, President Robert D. Isom, Jr. sold 5,000 shares of the business’s stock in a transaction on Tuesday, April 24th. The stock was sold at an average price of $46.72, for a total transaction of $233,600.00. Following the completion of the transaction, the president now owns 675,276 shares in the company, valued at approximately $31,548,894.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Robert D. Isom, Jr. sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 22nd. The stock was sold at an average price of $45.00, for a total value of $450,000.00. Following the transaction, the president now owns 646,205 shares of the company’s stock, valued at approximately $29,079,225. The disclosure for this sale can be found here. Insiders own 0.64% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of AAL. Bank of Montreal Can raised its stake in shares of American Airlines Group by 20.1% in the 4th quarter. Bank of Montreal Can now owns 482,153 shares of the airline’s stock worth $25,086,000 after buying an additional 80,830 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of American Airlines Group by 2.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,591,044 shares of the airline’s stock worth $82,783,000 after buying an additional 42,130 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of American Airlines Group by 109.7% in the 4th quarter. State of Alaska Department of Revenue now owns 41,871 shares of the airline’s stock worth $2,177,000 after buying an additional 21,901 shares in the last quarter. Personal Capital Advisors Corp bought a new stake in shares of American Airlines Group in the 4th quarter worth $208,000. Finally, Boston Advisors LLC raised its stake in shares of American Airlines Group by 17.2% in the 4th quarter. Boston Advisors LLC now owns 443,605 shares of the airline’s stock worth $23,081,000 after buying an additional 65,035 shares in the last quarter. 80.75% of the stock is currently owned by institutional investors.

AAL stock traded up $1.95 during midday trading on Tuesday, hitting $45.51. 166,627 shares of the company’s stock were exchanged, compared to its average volume of 6,755,041. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of -21.56. American Airlines Group has a 12-month low of $40.65 and a 12-month high of $59.08. The company has a market capitalization of $20.04 billion, a PE ratio of 9.24, a P/E/G ratio of 0.67 and a beta of 0.98.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 22nd. Investors of record on Tuesday, May 8th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, May 7th. This represents a $0.40 dividend on an annualized basis and a yield of 0.88%. American Airlines Group’s dividend payout ratio is currently 8.20%.

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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