Analysts Anticipate American Airlines Group Inc (NASDAQ:AAL) Will Announce Quarterly Sales of $11.99 Billion

Analysts expect American Airlines Group Inc (NASDAQ:AAL) to post sales of $11.99 billion for the current quarter, according to Zacks. Ten analysts have made 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 reported sales of $11.56 billion during the same quarter last year, which would suggest a positive year over year growth rate of 3.7%. The company is scheduled to announce its next earnings results on Thursday, October 24th.

On average, analysts expect that American Airlines Group will report full-year sales of $46.09 billion for the current year, with estimates ranging from $45.68 billion to $46.42 billion. For the next year, analysts forecast that the company will report sales of $48.50 billion, with estimates ranging from $48.09 billion to $49.26 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for American Airlines Group.

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



A number of equities analysts have recently issued reports on AAL shares. Buckingham Research cut their price objective on American Airlines Group from $45.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, July 11th. Barclays cut their price objective on American Airlines Group from $60.00 to $48.00 and set an “overweight” rating for the company in a report on Monday, May 20th. Citigroup set a $54.00 price objective on American Airlines Group and gave the stock a “buy” rating in a report on Friday, July 26th. BidaskClub cut American Airlines Group from a “hold” rating to a “sell” rating in a report on Friday, August 16th. Finally, Deutsche Bank set a $42.00 price objective on American Airlines Group and gave the stock a “buy” rating in a report on Friday, July 26th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $41.19.

Shares of AAL traded down $1.11 during midday trading on Wednesday, reaching $25.42. The stock had a trading volume of 7,865,675 shares, compared to its average volume of 7,893,415. The company’s 50-day moving average is $30.36 and its 200 day moving average is $32.19. American Airlines Group has a 12-month low of $25.14 and a 12-month high of $43.89. The company has a market capitalization of $11.76 billion, a price-to-earnings ratio of 5.59, a price-to-earnings-growth ratio of 0.32 and a beta of 1.66.

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

In other American Airlines Group news, CEO W Douglas Parker purchased 50,000 shares of the stock in a transaction on Tuesday, June 4th. The stock was acquired at an average price of $28.09 per share, with a total value of $1,404,500.00. Following the transaction, the chief executive officer now directly owns 2,201,636 shares of the company’s stock, valued at approximately $61,843,955.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John T. Cahill purchased 25,000 shares of the stock in a transaction on Tuesday, June 4th. The shares were acquired at an average cost of $28.60 per share, with a total value of $715,000.00. Following the transaction, the director now directly owns 3,494 shares in the company, valued at $99,928.40. The disclosure for this purchase can be found here. Insiders have purchased a total of 99,000 shares of company stock valued at $2,787,070 over the last 90 days. 0.86% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AAL. Hodges Capital Management Inc. boosted its stake in American Airlines Group by 6.4% during the 2nd quarter. Hodges Capital Management Inc. now owns 395,511 shares of the airline’s stock valued at $12,898,000 after purchasing an additional 23,653 shares during the last quarter. Salomon & Ludwin LLC purchased a new stake in American Airlines Group during the 2nd quarter valued at $65,000. Kovitz Investment Group Partners LLC boosted its stake in American Airlines Group by 1.3% during the 2nd quarter. Kovitz Investment Group Partners LLC now owns 1,759,350 shares of the airline’s stock valued at $57,372,000 after purchasing an additional 21,809 shares during the last quarter. WealthStone Inc. purchased a new position in shares of American Airlines Group in the 2nd quarter worth $68,000. Finally, United Services Automobile Association boosted its stake in shares of American Airlines Group by 2.1% in the 2nd quarter. United Services Automobile Association now owns 297,429 shares of the airline’s stock worth $9,699,000 after buying an additional 6,066 shares during the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

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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