American Airlines Group (AAL) Expected to Announce Quarterly Earnings on Thursday

American Airlines Group (NASDAQ:AAL) will likely be announcing 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. Parties that wish to register for the company’s conference call can do so using this link.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.50 billion. During the same quarter last year, the business posted $0.38 earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, analysts expect American Airlines Group to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

American Airlines Group Stock Up 2.0 %

American Airlines Group stock opened at $18.64 on Wednesday. The firm has a market capitalization of $12.25 billion, a PE ratio of 56.49, a P/E/G ratio of 0.19 and a beta of 1.35. American Airlines Group has a 52 week low of $9.07 and a 52 week high of $18.65. The firm’s 50-day simple moving average is $16.41 and its 200 day simple moving average is $13.07.

Insider Activity

In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of the stock in a transaction that occurred on Friday, December 27th. The shares were 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 of the company’s stock, valued at approximately $51,079,004.64. This represents a 3.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on AAL shares. Morgan Stanley increased their price target on shares of American Airlines Group from $18.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Melius Research raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Sanford C. Bernstein upgraded American Airlines Group from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $14.00 to $24.00 in a research report on Tuesday, December 10th. UBS Group upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. boosted their target price on shares of American Airlines Group from $15.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $18.94.

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.