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

American Airlines Group (NASDAQ:AAL) will likely be issuing its quarterly earnings data before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.39 per share and revenue of $13,124,300.00 billion for the quarter.

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

American Airlines Group Trading Down 0.8 %

NASDAQ AAL opened at $18.07 on Thursday. The business’s 50-day moving average price is $16.15 and its 200 day moving average price is $12.90. American Airlines Group has a twelve month low of $9.07 and a twelve month high of $18.56. The company has a market capitalization of $11.87 billion, a PE ratio of 54.76, a price-to-earnings-growth ratio of 0.29 and a beta of 1.35.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. UBS Group upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Susquehanna raised their price objective on American Airlines Group from $14.00 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Jefferies Financial Group upgraded American Airlines Group from a “hold” rating to a “buy” rating and raised their price objective for the stock from $12.00 to $20.00 in a report on Monday, January 6th. Scotiabank upgraded American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Thursday, December 5th. Finally, TD Cowen upgraded American Airlines Group from a “hold” rating to a “buy” rating and raised their price objective for the stock from $17.00 to $25.00 in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $18.42.

Insider Buying and Selling at American Airlines Group

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