American Airlines Group Inc (NASDAQ:AAL) – Research analysts at Imperial Capital raised their Q2 2019 EPS estimates for shares of American Airlines Group in a research report issued to clients and investors on Tuesday, October 16th. Imperial Capital analyst M. Derchin now expects that the airline will earn $2.13 per share for the quarter, up from their previous estimate of $1.95. 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 2019 earnings at $0.99 EPS.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, July 26th. The airline reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.04. The company had revenue of $11.64 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.92 EPS.

A number of other brokerages also recently issued reports on AAL. ValuEngine upgraded shares of American Airlines Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. BidaskClub upgraded shares of American Airlines Group from a “sell” rating to a “hold” rating in a report on Thursday, September 20th. Zacks Investment Research upgraded shares of American Airlines Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 11th. Macquarie upgraded shares of American Airlines Group from a “neutral” rating to an “outperform” rating and set a $47.00 price target on the stock in a report on Monday, July 30th. Finally, Deutsche Bank downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $60.00 to $43.00 in a report on Tuesday, July 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $51.07.

Shares of NASDAQ AAL opened at $33.64 on Thursday. The company has a debt-to-equity ratio of -25.16, a quick ratio of 0.46 and a current ratio of 0.55. The firm has a market capitalization of $19.03 billion, a price-to-earnings ratio of 6.89, a P/E/G ratio of 0.77 and a beta of 0.98. American Airlines Group has a 52-week low of $30.75 and a 52-week high of $59.08.

Several institutional investors have recently bought and sold shares of the company. Foundry Partners LLC increased its holdings in shares of American Airlines Group by 18.1% in the 3rd quarter. Foundry Partners LLC now owns 238,717 shares of the airline’s stock worth $9,866,000 after buying an additional 36,572 shares during the last quarter. RWC Asset Management LLP increased its holdings in shares of American Airlines Group by 40.1% in the 3rd quarter. RWC Asset Management LLP now owns 2,341,296 shares of the airline’s stock worth $96,766,000 after buying an additional 669,842 shares during the last quarter. Bank of Montreal Can increased 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 worth $16,503,000 after buying an additional 44,566 shares during the last quarter. North Star Investment Management Corp. increased its holdings in shares of 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 buying an additional 7,000 shares during the last quarter. Finally, Quattro Financial Advisors LLC bought a new stake in shares of American Airlines Group in the 3rd quarter worth about $895,000. Hedge funds and other institutional investors own 82.24% of the company’s stock.

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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