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

American Airlines Group (NASDAQ:AAL) is projected to announce its earnings results 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. Persons interested in registering for the company’s earnings conference call can do so using this link.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The company had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. American Airlines Group’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 earnings per share. 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 Stock Down 0.1 %

Shares of AAL opened at $18.27 on Tuesday. American Airlines Group has a 52-week low of $9.07 and a 52-week high of $18.57. The company has a 50-day simple moving average of $16.41 and a 200-day simple moving average of $13.07. The company has a market capitalization of $12.01 billion, a PE ratio of 55.37, a P/E/G ratio of 0.21 and a beta of 1.35.

Analyst Ratings Changes

AAL has been the subject of several recent research reports. Melius Research upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Morgan Stanley lifted their price objective on American Airlines Group from $18.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Sanford C. Bernstein upgraded American Airlines Group from a “market perform” rating to an “outperform” rating and increased their target price for the company from $14.00 to $24.00 in a report on Tuesday, December 10th. Raymond James raised American Airlines Group from a “market perform” rating to an “outperform” rating and set a $24.00 price target for the company in a report on Monday, December 30th. Finally, TD Cowen raised American Airlines Group from a “hold” rating to a “buy” rating and increased their price objective for the company from $17.00 to $25.00 in a research note on Monday, January 6th. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, American Airlines Group currently has an average rating of “Moderate Buy” and an average target price of $18.94.

Insider Buying and Selling at American Airlines Group

In other 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 completion of the transaction, the chief executive officer now owns 2,967,984 shares in the company, valued at approximately $51,079,004.64. This trade represents a 3.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is currently 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.