American Airlines Group (AAL) Projected to Post Quarterly Earnings on Thursday

American Airlines Group (NASDAQ:AAL) will likely be posting its quarterly earnings results before the market opens on Thursday, January 23rd. Analysts expect American Airlines Group to post earnings of $0.39 per share and revenue of $13,124,300.00 billion for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. The firm had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 earnings per share. On average, analysts expect American Airlines Group to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

American Airlines Group Price Performance

American Airlines Group stock opened at $18.64 on Wednesday. The stock has a market cap of $12.25 billion, a PE ratio of 56.49, a P/E/G ratio of 0.19 and a beta of 1.35. The stock’s fifty day moving average is $16.41 and its two-hundred day moving average is $13.07. American Airlines Group has a 1-year low of $9.07 and a 1-year high of $18.65.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Sanford C. Bernstein raised American Airlines Group from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $14.00 to $24.00 in a research report on Tuesday, December 10th. Susquehanna raised their price objective on shares of American Airlines Group from $14.00 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. StockNews.com cut shares of American Airlines Group from a “buy” rating to a “hold” rating in a report on Tuesday. Citigroup increased their target price on shares of American Airlines Group from $19.00 to $23.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Scotiabank raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Thursday, December 5th. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $18.94.

Insiders Place Their Bets

In other American Airlines Group news, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $17.21, for a total value of $1,763,009.61. Following the sale, the chief executive officer now owns 2,967,984 shares of the company’s stock, valued at approximately $51,079,004.64. The trade was a 3.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is owned by insiders.

American Airlines Group Company Profile

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC, as well as through partner gateways in London, Doha, Madrid, Seattle/Tacoma, Sydney, and Tokyo.