American Airlines Group Inc (NASDAQ:AAL) – Imperial Capital lowered their FY2018 earnings per share estimates for American Airlines Group in a research note issued on Tuesday, October 16th. Imperial Capital analyst M. Derchin now expects that the airline will earn $4.20 per share for the year, down from their previous estimate of $4.32. Imperial Capital has a “Outperform” rating and a $45.00 price target on the stock. Imperial Capital also issued estimates for American Airlines Group’s Q4 2018 earnings at $0.68 EPS, Q1 2019 earnings at $0.58 EPS and FY2019 earnings at $5.30 EPS.

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

Other equities analysts have also recently issued research reports about the company. BidaskClub raised American Airlines Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 12th. Raymond James reduced their price target on American Airlines Group from $52.00 to $50.00 and set an “outperform” rating for the company in a report on Tuesday. Barclays reduced their price target on American Airlines Group from $68.00 to $60.00 and set an “overweight” rating for the company in a report on Monday, July 16th. Zacks Investment Research cut American Airlines Group from a “hold” rating to a “strong sell” rating in a report on Friday, August 3rd. Finally, ValuEngine cut American Airlines Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 9th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $50.79.

NASDAQ AAL opened at $33.28 on Wednesday. The stock has a market capitalization of $19.03 billion, a P/E ratio of 6.82, a price-to-earnings-growth ratio of 0.77 and a beta of 0.98. American Airlines Group has a twelve month low of $30.75 and a twelve 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.

Several institutional investors have recently made changes to their positions in AAL. Exane Derivatives raised its holdings in shares of American Airlines Group by 176,700.0% during the second quarter. Exane Derivatives now owns 3,536 shares of the airline’s stock valued at $136,000 after acquiring an additional 3,534 shares during the last quarter. Trilogy Capital Inc. raised its holdings in shares of American Airlines Group by 10,137.5% during the second quarter. Trilogy Capital Inc. now owns 4,095 shares of the airline’s stock valued at $155,000 after acquiring an additional 4,055 shares during the last quarter. Assetmark Inc. raised its holdings in shares of American Airlines Group by 1,283.6% during the first quarter. Assetmark Inc. now owns 3,293 shares of the airline’s stock valued at $171,000 after acquiring an additional 3,055 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in shares of American Airlines Group during the second quarter valued at approximately $185,000. Finally, Princeton Capital Management LLC acquired a new position in shares of American Airlines Group during the second quarter valued at approximately $190,000. 82.24% of the stock is owned by institutional investors and hedge funds.

About American Airlines Group

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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