American Airlines Group Inc (NASDAQ:AAL) – Research analysts at Imperial Capital cut their Q3 2019 earnings estimates for American Airlines Group in a note issued to investors on Friday, October 26th. Imperial Capital analyst M. Derchin now forecasts that the airline will post earnings of $1.52 per share for the quarter, down from their prior estimate of $1.61. Imperial Capital currently has a “Outperform” rating and a $47.00 price objective on the stock.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, October 25th. The airline reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.01. The business had revenue of $11.56 billion for the quarter, compared to analysts’ expectations of $11.55 billion. American Airlines Group had a return on equity of 568.86% and a net margin of 3.06%.

AAL has been the topic of several other research reports. BidaskClub raised American Airlines Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 12th. Barclays decreased their price objective on American Airlines Group from $68.00 to $60.00 and set an “overweight” rating on the stock in a research note on Monday, July 16th. Zacks Investment Research downgraded American Airlines Group from a “hold” rating to a “strong sell” rating in a research note on Friday, August 3rd. ValuEngine downgraded American Airlines Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 9th. Finally, Bank of America decreased their price objective on American Airlines Group from $61.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, October 10th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $51.21.

Shares of NASDAQ:AAL opened at $32.46 on Monday. The stock has a market capitalization of $14.95 billion, a price-to-earnings ratio of 6.65, a PEG ratio of 0.87 and a beta of 0.98. American Airlines Group has a 52-week low of $30.24 and a 52-week high of $59.08.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Tuesday, November 6th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Monday, November 5th. American Airlines Group’s dividend payout ratio (DPR) is currently 8.20%.

Several hedge funds and other institutional investors have recently bought and sold shares of AAL. Truvestments Capital LLC bought a new stake in American Airlines Group during the 3rd quarter valued at approximately $115,000. Exane Derivatives raised its stake in American Airlines Group by 176,700.0% during the 2nd quarter. Exane Derivatives now owns 3,536 shares of the airline’s stock valued at $136,000 after purchasing an additional 3,534 shares during the period. Trilogy Capital Inc. raised its stake in American Airlines Group by 10,137.5% during the 2nd quarter. Trilogy Capital Inc. now owns 4,095 shares of the airline’s stock valued at $155,000 after purchasing an additional 4,055 shares during the period. Piedmont Investment Advisors LLC bought a new stake in American Airlines Group during the 2nd quarter valued at approximately $185,000. Finally, Princeton Capital Management LLC bought a new stake in American Airlines Group during the 2nd quarter valued at approximately $190,000. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

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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