American Airlines Group Inc (NASDAQ:AAL) – Analysts at Imperial Capital lowered their Q3 2018 earnings per share estimates for shares of American Airlines Group in a note issued to investors on Wednesday, October 10th. Imperial Capital analyst M. Derchin now forecasts that the airline will post earnings of $1.13 per share for the quarter, down from their prior forecast of $1.19. Imperial Capital has a “Outperform” rating and a $50.00 price objective on the stock. Imperial Capital also issued estimates for American Airlines Group’s Q3 2019 earnings at $1.61 EPS and Q4 2019 earnings at $1.34 EPS.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, July 26th. The airline reported $1.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.04. The business had revenue of $11.64 billion during the quarter, compared to analysts’ expectations of $11.67 billion. American Airlines Group had a net margin of 3.75% and a return on equity of 151.06%. American Airlines Group’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.92 earnings per share.

AAL has been the topic of several other reports. Morgan Stanley set a $37.00 target price on American Airlines Group and gave the company a “hold” rating in a research note on Thursday. BidaskClub downgraded American Airlines Group from a “sell” rating to a “strong sell” rating in a report on Thursday. Bank of America lowered their price target on American Airlines Group from $61.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday. Buckingham Research lowered their price target on American Airlines Group from $57.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Citigroup lowered their price target on American Airlines Group from $56.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $52.15.

Shares of AAL opened at $30.91 on Thursday. The stock has a market cap of $19.03 billion, a PE ratio of 6.34, a price-to-earnings-growth ratio of 0.77 and a beta of 0.98. American Airlines Group has a 12-month low of $30.75 and a 12-month high of $59.08. The company has a quick ratio of 0.46, a current ratio of 0.55 and a debt-to-equity ratio of -25.16.

Hedge funds have recently bought and sold shares of the business. Bank of Montreal Can lifted its holdings in shares of American Airlines Group by 12.6% in the 3rd quarter. Bank of Montreal Can now owns 399,306 shares of the airline’s stock valued at $16,503,000 after buying an additional 44,566 shares during the period. North Star Investment Management Corp. raised its holdings in American Airlines Group by 14.9% in the 3rd quarter. North Star Investment Management Corp. now owns 53,911 shares of the airline’s stock worth $2,228,000 after purchasing an additional 7,000 shares during the period. Quattro Financial Advisors LLC acquired a new position in American Airlines Group in the 3rd quarter worth about $895,000. Advisors Capital Management LLC raised its holdings in American Airlines Group by 12.7% in the 3rd quarter. Advisors Capital Management LLC now owns 68,943 shares of the airline’s stock worth $2,849,000 after purchasing an additional 7,767 shares during the period. Finally, Packer & Co Ltd acquired a new position in American Airlines Group in the 3rd quarter worth about $13,639,000. 82.24% 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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Earnings History and Estimates for American Airlines Group (NASDAQ:AAL)

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