Zacks: Analysts Anticipate American Airlines Group Inc (AAL) Will Post Earnings of $0.74 Per Share

Wall Street brokerages expect American Airlines Group Inc (NASDAQ:AAL) to report earnings per share of $0.74 for the current quarter, Zacks reports. Five analysts have provided estimates for American Airlines Group’s earnings, with the lowest EPS estimate coming in at $0.69 and the highest estimate coming in at $0.84. American Airlines Group reported earnings per share of $0.61 in the same quarter last year, which suggests a positive year-over-year growth rate of 21.3%. The firm is expected to issue its next quarterly earnings report before the market opens on Thursday, April 26th.

According to Zacks, analysts expect that American Airlines Group will report full-year earnings of $5.79 per share for the current fiscal year, with EPS estimates ranging from $5.50 to $6.20. For the next year, analysts forecast that the business will post earnings of $6.98 per share, with EPS estimates ranging from $6.15 to $8.20. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for American Airlines Group.

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American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, January 25th. The airline reported $0.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.03. The firm had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.59 billion. American Airlines Group had a return on equity of 63.78% and a net margin of 4.55%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.92 EPS.



Several equities research analysts have weighed in on AAL shares. Stephens restated a “hold” rating and set a $62.00 price target on shares of American Airlines Group in a report on Thursday, March 29th. Morgan Stanley restated an “equal weight” rating and set a $59.00 price target (down previously from $60.00) on shares of American Airlines Group in a report on Friday, February 23rd. BidaskClub downgraded American Airlines Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 11th. Sanford C. Bernstein upgraded American Airlines Group from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $52.59 to $62.00 in a report on Wednesday, January 31st. Finally, Zacks Investment Research upgraded American Airlines Group from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a report on Tuesday, February 13th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. American Airlines Group has an average rating of “Buy” and a consensus target price of $61.44.

Shares of AAL stock traded down $0.10 on Monday, hitting $46.78. The stock had a trading volume of 5,309,610 shares, compared to its average volume of 5,135,351. The company has a current ratio of 0.61, a quick ratio of 0.52 and a debt-to-equity ratio of 5.73. The company has a market capitalization of $22,180.74, a PE ratio of 9.59, a P/E/G ratio of 0.49 and a beta of 0.96. American Airlines Group has a 1 year low of $42.01 and a 1 year high of $59.08.

In other news, Director Matthew J. Hart sold 35,182 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $51.90, for a total value of $1,825,945.80. Following the transaction, the director now owns 33,258 shares in the company, valued at approximately $1,726,090.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Derek J. Kerr sold 39,662 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $52.77, for a total value of $2,092,963.74. Following the completion of the transaction, the vice president now owns 429,046 shares in the company, valued at approximately $22,640,757.42. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,844 shares of company stock worth $4,077,040. Company insiders own 0.64% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Johnson Financial Group Inc. acquired a new stake in shares of American Airlines Group in the 4th quarter valued at about $127,000. NuWave Investment Management LLC acquired a new stake in shares of American Airlines Group in the 4th quarter valued at about $145,000. Focused Wealth Management Inc acquired a new stake in shares of American Airlines Group in the 4th quarter valued at about $151,000. Kings Point Capital Management acquired a new stake in shares of American Airlines Group in the 4th quarter valued at about $190,000. Finally, Delpha Capital Management LLC acquired a new stake in shares of American Airlines Group in the 4th quarter valued at about $191,000. Institutional investors and hedge funds own 80.55% of the company’s stock.

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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.

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