American Airlines Group Inc (NASDAQ:AAL) – Equities researchers at Imperial Capital dropped their Q3 2019 earnings estimates for American Airlines Group in a research note issued on Friday, October 26th, according to Zacks Investment Research. Imperial Capital analyst M. Derchin now expects that the airline will post earnings per share of $1.52 for the quarter, down from their prior forecast of $1.61. Imperial Capital currently has a “Outperform” rating and a $47.00 price target on the stock.
A number of other equities research analysts also recently weighed in on AAL. Macquarie upgraded American Airlines Group from a “neutral” rating to an “outperform” rating and set a $47.00 target price for the company in a research report on Monday, July 30th. Zacks Investment Research downgraded American Airlines Group from a “hold” rating to a “strong sell” rating in a research report on Friday, August 3rd. BidaskClub upgraded American Airlines Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 12th. ValuEngine upgraded American Airlines Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. Finally, Morgan Stanley set a $39.00 target price on American Airlines Group and gave the stock a “hold” rating in a research report on Friday, October 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $49.88.
AAL traded up $0.72 during trading on Monday, reaching $36.31. The stock had a trading volume of 8,699,769 shares, compared to its average volume of 10,374,130. The company has a market capitalization of $16.39 billion, a price-to-earnings ratio of 7.44, a price-to-earnings-growth ratio of 1.04 and a beta of 1.12. American Airlines Group has a 1-year low of $30.24 and a 1-year high of $59.08.
American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, October 25th. The airline reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.01. The business had revenue of $11.56 billion during the quarter, compared to the consensus estimate of $11.55 billion. American Airlines Group had a return on equity of 568.86% and a net margin of 3.06%.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 20th. Shareholders of record on Tuesday, November 6th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, November 5th. This represents a $0.40 annualized dividend and a dividend yield of 1.10%. American Airlines Group’s dividend payout ratio is currently 8.20%.
In other news, Director John T. Cahill bought 25,000 shares of the business’s stock in a transaction on Monday, October 29th. The shares were bought at an average cost of $33.47 per share, with a total value of $836,750.00. Following the purchase, the director now directly owns 6,531 shares in the company, valued at $218,592.57. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jeffrey D. Benjamin bought 15,000 shares of the business’s stock in a transaction on Monday, November 19th. The shares were purchased at an average cost of $35.69 per share, for a total transaction of $535,350.00. Following the completion of the purchase, the director now owns 22,146 shares in the company, valued at $790,390.74. The disclosure for this purchase can be found here. 0.70% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the business. Truvestments Capital LLC acquired a new stake in American Airlines Group during the 3rd quarter valued at $115,000. Stratos Wealth Partners LTD. acquired a new stake in American Airlines Group during the 3rd quarter valued at $117,000. Exane Derivatives raised its stake in American Airlines Group by 176,700.0% during the 2nd quarter. Exane Derivatives now owns 3,536 shares of the airline’s stock valued at $136,000 after purchasing an additional 3,534 shares during the period. Glenmede Trust Co. NA raised its stake in American Airlines Group by 108.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 3,366 shares of the airline’s stock valued at $138,000 after purchasing an additional 1,753 shares during the period. Finally, Trilogy Capital Inc. raised its stake in American Airlines Group by 10,137.5% during the 2nd quarter. Trilogy Capital Inc. now owns 4,095 shares of the airline’s stock valued at $155,000 after purchasing an additional 4,055 shares during the period. 84.47% of the stock is currently owned by institutional investors.
American Airlines Group Company Profile
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, 2017, the company operated a mainline fleet of 948 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, and Phoenix, as well as in 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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