Analysts Expect American Airlines Group Inc (AAL) Will Post Quarterly Sales of $10.69 Billion

Wall Street brokerages expect that American Airlines Group Inc (NASDAQ:AAL) will post sales of $10.69 billion for the current quarter, Zacks Investment Research reports. Ten analysts have issued estimates for American Airlines Group’s earnings. The highest sales estimate is $11.16 billion and the lowest is $10.57 billion. American Airlines Group reported sales of $10.40 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 2.8%. The firm is scheduled to issue its next earnings results on Thursday, April 25th.

On average, analysts expect that American Airlines Group will report full year sales of $46.62 billion for the current financial year, with estimates ranging from $45.85 billion to $48.49 billion. For the next fiscal year, analysts expect that the business will post sales of $48.64 billion, with estimates ranging from $47.81 billion to $49.87 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for American Airlines Group.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, January 24th. The airline reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.03. American Airlines Group had a net margin of 3.17% and a negative return on equity of 322.87%. The firm had revenue of $10.94 billion for the quarter, compared to analysts’ expectations of $10.94 billion. During the same quarter in the prior year, the firm posted $0.95 earnings per share. The business’s quarterly revenue was up 3.1% on a year-over-year basis.

Several research firms have issued reports on AAL. Zacks Investment Research raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a report on Thursday, December 13th. Imperial Capital dropped their price objective on shares of American Airlines Group from $55.00 to $45.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 9th. They noted that the move was a valuation call. Cowen reissued an “outperform” rating and issued a $42.00 price objective (down from $43.00) on shares of American Airlines Group in a research note on Thursday, January 10th. ValuEngine cut shares of American Airlines Group from a “sell” rating to a “strong sell” rating in a research note on Friday, January 11th. Finally, Macquarie set a $53.00 price objective on shares of American Airlines Group and gave the company a “buy” rating in a research note on Tuesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $45.74.

NASDAQ AAL traded up $0.79 on Friday, reaching $34.81. The company had a trading volume of 7,351,867 shares, compared to its average volume of 8,031,029. The company has a market cap of $14.96 billion, a P/E ratio of 7.65, a P/E/G ratio of 1.47 and a beta of 1.53. American Airlines Group has a 12 month low of $28.81 and a 12 month high of $48.38.

Several institutional investors have recently added to or reduced their stakes in the company. NuWave Investment Management LLC lifted its stake in American Airlines Group by 4,791.1% during the first quarter. NuWave Investment Management LLC now owns 12,130 shares of the airline’s stock worth $386,000 after purchasing an additional 11,882 shares during the last quarter. DNB Asset Management AS lifted its stake in American Airlines Group by 7.8% in the first quarter. DNB Asset Management AS now owns 14,936 shares of the airline’s stock valued at $474,000 after buying an additional 1,078 shares during the last quarter. Pacer Advisors Inc. lifted its stake in American Airlines Group by 25,322.5% in the first quarter. Pacer Advisors Inc. now owns 64,319 shares of the airline’s stock valued at $2,043,000 after buying an additional 64,066 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in American Airlines Group by 3.9% in the first quarter. State of Alaska Department of Revenue now owns 67,819 shares of the airline’s stock valued at $2,153,000 after buying an additional 2,563 shares during the last quarter. Finally, Accurate Investment Solutions Inc. lifted its stake in American Airlines Group by 100.0% in the first quarter. Accurate Investment Solutions Inc. now owns 800 shares of the airline’s stock valued at $25,000 after buying an additional 400 shares during the last quarter. Institutional investors own 81.47% 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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