American Airlines Group Inc (NASDAQ:AAL) Expected to Announce Quarterly Sales of $11.99 Billion

Analysts forecast that American Airlines Group Inc (NASDAQ:AAL) will announce $11.99 billion in sales for the current quarter, according to Zacks. Ten analysts have issued estimates for American Airlines Group’s earnings, with the lowest sales estimate coming in at $11.89 billion and the highest estimate coming in at $12.13 billion. American Airlines Group posted sales of $11.56 billion in the same quarter last year, which suggests a positive year over year growth rate of 3.7%. The firm is scheduled to announce its next earnings results on Thursday, October 24th.

According to Zacks, analysts expect that American Airlines Group will report full year sales of $46.09 billion for the current fiscal year, with estimates ranging from $45.68 billion to $46.42 billion. For the next financial year, analysts expect that the business will report sales of $48.50 billion, with estimates ranging from $48.09 billion to $49.26 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow American Airlines Group.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, July 25th. The airline reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.05. American Airlines Group had a net margin of 3.35% and a negative return on equity of 588.10%. The business had revenue of $11.96 billion for the quarter, compared to analysts’ expectations of $11.98 billion. During the same period in the previous year, the company posted $1.63 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year.

A number of analysts recently commented on AAL shares. Deutsche Bank set a $42.00 price target on American Airlines Group and gave the stock a “buy” rating in a report on Friday, July 26th. Imperial Capital reaffirmed an “in-line” rating and issued a $41.00 price target (down previously from $43.00) on shares of American Airlines Group in a report on Tuesday, April 30th. Morgan Stanley downgraded shares of American Airlines Group from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $40.00 to $26.00 in a report on Monday, May 20th. Buckingham Research lowered their price target on shares of American Airlines Group from $45.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, July 11th. Finally, Macquarie downgraded shares of American Airlines Group from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $43.00 to $34.00 in a report on Monday, July 29th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $41.19.

In other news, EVP Stephen L. Johnson bought 5,000 shares of American Airlines Group stock in a transaction dated Tuesday, June 4th. The stock was bought at an average price of $27.72 per share, for a total transaction of $138,600.00. Following the purchase, the executive vice president now owns 622,580 shares of the company’s stock, valued at $17,257,917.60. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO W Douglas Parker bought 50,000 shares of American Airlines Group stock in a transaction dated Tuesday, June 4th. The stock was purchased at an average price of $28.09 per share, with a total value of $1,404,500.00. Following the purchase, the chief executive officer now directly owns 2,201,636 shares in the company, valued at approximately $61,843,955.24. The disclosure for this purchase can be found here. Insiders have acquired a total of 99,000 shares of company stock worth $2,787,070 over the last three months. 0.86% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of American Airlines Group by 16.8% in the second quarter. Vanguard Group Inc. now owns 42,092,587 shares of the airline’s stock valued at $1,372,639,000 after buying an additional 6,059,070 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in American Airlines Group by 95.7% in the second quarter. Nuveen Asset Management LLC now owns 6,612,922 shares of the airline’s stock worth $215,648,000 after purchasing an additional 3,234,558 shares during the last quarter. Balyasny Asset Management LLC purchased a new position in American Airlines Group in the second quarter worth $29,637,000. MUFG Securities EMEA plc purchased a new position in American Airlines Group in the second quarter worth $16,305,000. Finally, Geode Capital Management LLC grew its holdings in American Airlines Group by 7.1% in the fourth quarter. Geode Capital Management LLC now owns 5,530,993 shares of the airline’s stock worth $177,362,000 after purchasing an additional 366,191 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

Shares of AAL stock traded down $1.11 on Wednesday, hitting $25.42. The company had a trading volume of 7,865,675 shares, compared to its average volume of 7,893,415. The firm has a market cap of $11.76 billion, a P/E ratio of 5.59, a P/E/G ratio of 0.32 and a beta of 1.66. The stock’s 50-day moving average is $30.36 and its two-hundred day moving average is $32.19. American Airlines Group has a twelve month low of $25.14 and a twelve month high of $43.89.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.57%. The ex-dividend date was Tuesday, August 6th. American Airlines Group’s payout ratio is currently 8.79%.

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, 2018, the company operated a mainline fleet of 956 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, London Heathrow, Los Angeles, Miami, New York, Philadelphia, Phoenix, and 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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Earnings History and Estimates for American Airlines Group (NASDAQ:AAL)

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