American Airlines Group Inc (NASDAQ:AAL) Expected to Announce Quarterly Sales of $11.96 Billion

Brokerages expect American Airlines Group Inc (NASDAQ:AAL) to post $11.96 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for American Airlines Group’s earnings, with the lowest sales estimate coming in at $11.92 billion and the highest estimate coming in at $11.97 billion. American Airlines Group reported sales of $11.64 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.7%. The business is scheduled to announce its next quarterly earnings report on Thursday, July 25th.

According to Zacks, analysts expect that American Airlines Group will report full year sales of $46.26 billion for the current year, with estimates ranging from $46.06 billion to $46.43 billion. For the next year, analysts anticipate that the business will post sales of $48.64 billion, with estimates ranging from $48.09 billion to $49.51 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for American Airlines Group.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Friday, April 26th. The airline reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.02. The company had revenue of $10.58 billion during the quarter, compared to analysts’ expectations of $10.61 billion. American Airlines Group had a negative return on equity of 356.47% and a net margin of 3.15%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 earnings per share.

Several equities research analysts have recently weighed in on the company. Imperial Capital reissued an “outperform” rating and issued a $5.50 price target (down previously from $11.00) on shares of Town Sports International in a research note on Tuesday, April 30th. Deutsche Bank cut RIGHTMOVE PLC/ADR from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. Barclays raised their target price on NetEase from $300.00 to $320.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. BidaskClub cut Xencor from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 11th. Finally, ValuEngine raised WEX from a “hold” rating to a “buy” rating in a research note on Thursday, June 13th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $42.38.

Shares of AAL stock traded up $0.75 on Friday, hitting $33.78. The company had a trading volume of 5,012,191 shares, compared to its average volume of 5,473,139. The stock has a market cap of $15.03 billion, a price-to-earnings ratio of 7.42, a P/E/G ratio of 0.35 and a beta of 1.69. The company’s 50-day moving average price is $31.20. American Airlines Group has a twelve month low of $27.02 and a twelve month high of $43.89.

In other news, President Robert D. Isom, Jr. purchased 15,000 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were acquired at an average price of $27.75 per share, for a total transaction of $416,250.00. Following the completion of the acquisition, the president now owns 768,771 shares in the company, valued at $21,333,395.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Stephen L. Johnson bought 5,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was bought at an average price of $27.72 per share, for a total transaction of $138,600.00. Following the acquisition, the executive vice president now directly owns 622,580 shares of the company’s stock, valued at $17,257,917.60. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 95,000 shares of company stock worth $2,674,350. Corporate insiders own 0.70% of the company’s stock.

Several hedge funds have recently bought and sold shares of AAL. Thrivent Financial for Lutherans lifted its holdings in American Airlines Group by 1.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 18,212 shares of the airline’s stock worth $585,000 after acquiring an additional 321 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in American Airlines Group by 1.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 29,427 shares of the airline’s stock worth $945,000 after acquiring an additional 329 shares during the period. First Dallas Securities Inc. lifted its holdings in American Airlines Group by 0.6% during the first quarter. First Dallas Securities Inc. now owns 63,330 shares of the airline’s stock worth $2,011,000 after acquiring an additional 367 shares during the period. Accurate Investment Solutions Inc. lifted its holdings in American Airlines Group by 100.0% during the first quarter. Accurate Investment Solutions Inc. now owns 800 shares of the airline’s stock worth $25,000 after acquiring an additional 400 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in American Airlines Group by 1.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,804 shares of the airline’s stock worth $915,000 after acquiring an additional 405 shares during the period. Institutional investors own 79.37% of the company’s stock.

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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