American Airlines Group, Inc. (AAL) To Go Ex-Dividend on August 10th
American Airlines Group, Inc. (NASDAQ:AAL) announced a quarterly dividend on Friday, July 28th, RTT News reports. Stockholders of record on Monday, August 14th will be paid a dividend of 0.10 per share by the airline on Monday, August 28th. This represents a $0.40 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Thursday, August 10th.
Shares of American Airlines Group (AAL) opened at 50.80 on Friday. The company has a market capitalization of $24.74 billion, a PE ratio of 12.61 and a beta of 0.96. The stock has a 50 day moving average price of $50.82 and a 200 day moving average price of $46.72. American Airlines Group has a one year low of $33.00 and a one year high of $54.48.
American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Friday, July 28th. The airline reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.05. American Airlines Group had a net margin of 5.02% and a return on equity of 83.58%. The firm had revenue of $11.11 billion during the quarter, compared to the consensus estimate of $11.08 billion. During the same quarter in the prior year, the firm earned $1.77 EPS. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities research analysts predict that American Airlines Group will post $5.14 earnings per share for the current year.
In other news, EVP Maya Leibman sold 23,857 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $47.24, for a total transaction of $1,127,004.68. Following the completion of the sale, the executive vice president now owns 182,178 shares in the company, valued at approximately $8,606,088.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Derek J. Kerr sold 104,223 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $50.00, for a total transaction of $5,211,150.00. Following the sale, the vice president now owns 591,195 shares of the company’s stock, valued at approximately $29,559,750. The disclosure for this sale can be found here. Insiders have sold a total of 211,480 shares of company stock valued at $10,516,971 in the last 90 days. Insiders own 0.64% of the company’s stock.
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Several research analysts recently weighed in on the stock. Bank of America Corporation upped their price target on shares of American Airlines Group to $61.00 and gave the stock a “neutral” rating in a research report on Tuesday. J P Morgan Chase & Co upgraded shares of American Airlines Group from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $52.00 to $61.00 in a research report on Tuesday. Buckingham Research restated a “buy” rating and set a $70.00 price target (up previously from $68.00) on shares of American Airlines Group in a research report on Monday, July 31st. Cowen and Company upgraded shares of American Airlines Group from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $55.00 to $57.00 in a research report on Monday, July 31st. Finally, BidaskClub downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating in a research report on Sunday, July 30th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $53.57.
American Airlines Group Company Profile
American Airlines Group Inc is a holding company. The Company’s primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. The Company operates through American segment, which provides air transportation for passengers and cargo.
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