$11.07 Billion in Sales Expected for American Airlines Group Inc (AAL) This Quarter

Equities research analysts predict that American Airlines Group Inc (NASDAQ:AAL) will announce $11.07 billion in sales for the current quarter, Zacks Investment Research reports. Eleven analysts have issued estimates for American Airlines Group’s earnings, with the highest sales estimate coming in at $11.15 billion and the lowest estimate coming in at $10.94 billion. American Airlines Group posted sales of $10.60 billion in the same quarter last year, which would indicate a positive year over year growth rate of 4.4%. The business is scheduled to report its next quarterly earnings report on Thursday, January 24th.

On average, analysts expect that American Airlines Group will report full-year sales of $44.68 billion for the current financial year, with estimates ranging from $44.64 billion to $44.75 billion. For the next year, analysts forecast that the business will post sales of $47.00 billion, with estimates ranging from $46.26 billion to $48.49 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for American Airlines Group.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, October 25th. The airline reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.01. The firm had revenue of $11.56 billion for the quarter, compared to the consensus estimate of $11.55 billion. American Airlines Group had a net margin of 3.06% and a return on equity of 568.86%.

A number of brokerages have recently commented on AAL. BidaskClub upgraded shares of American Airlines Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 12th. ValuEngine lowered shares of American Airlines Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 9th. Bank of America dropped their price objective on shares of American Airlines Group from $61.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, October 10th. Zacks Investment Research raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Thursday. Finally, Morgan Stanley set a $37.00 price objective on shares of American Airlines Group and gave the company a “hold” rating in a report on Thursday, October 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $49.06.

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

A number of large investors have recently modified their holdings of AAL. Cornerstone Wealth Management LLC acquired a new stake in American Airlines Group during the second quarter worth approximately $208,000. Commonwealth Equity Services LLC raised its holdings in American Airlines Group by 8.5% during the second quarter. Commonwealth Equity Services LLC now owns 62,818 shares of the airline’s stock worth $2,385,000 after purchasing an additional 4,901 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in American Airlines Group by 4.3% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 407,454 shares of the airline’s stock worth $15,467,000 after purchasing an additional 16,937 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in American Airlines Group during the second quarter worth approximately $757,000. Finally, First Trust Advisors LP raised its holdings in American Airlines Group by 64.9% during the second quarter. First Trust Advisors LP now owns 631,833 shares of the airline’s stock worth $23,984,000 after purchasing an additional 248,632 shares in the last quarter. 81.16% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:AAL traded down $0.05 during trading hours on Tuesday, reaching $32.41. 8,557,071 shares of the company were exchanged, compared to its average volume of 7,917,487. The stock has a market capitalization of $14.93 billion, a PE ratio of 6.64, a P/E/G ratio of 0.93 and a beta of 1.15. American Airlines Group has a twelve month low of $30.24 and a twelve month high of $59.08.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 20th. Shareholders of record on Tuesday, November 6th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Monday, November 5th. American Airlines Group’s dividend payout ratio (DPR) is presently 8.20%.

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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