American Airlines Group, Inc. (AAL) Issues Earnings Results

American Airlines Group, Inc. (AAL) Issues  Earnings Results

American Airlines Group, Inc. (NASDAQ:AAL) issued its quarterly earnings data on Friday. The airline reported $0.92 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.92. American Airlines Group had a return on equity of 95.17% and a net margin of 14.16%. The business had revenue of $9.79 billion for the quarter, compared to the consensus estimate of $9.74 billion. During the same period last year, the business earned $2.00 EPS. The firm’s revenue was up 1.7% compared to the same quarter last year.

Shares of American Airlines Group (NASDAQ:AAL) opened at 46.95 on Monday. American Airlines Group has a 52 week low of $24.85 and a 52 week high of $50.64. The firm has a market cap of $24.16 billion, a price-to-earnings ratio of 9.76 and a beta of 0.96. The company has a 50-day moving average price of $47.79 and a 200 day moving average price of $40.87.

In other American Airlines Group news, EVP Beverly K. Goulet sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $40.51, for a total value of $202,550.00. Following the sale, the executive vice president now owns 243,604 shares in the company, valued at $9,868,398.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman W Douglas Parker sold 113,706 shares of the company’s stock in a transaction that occurred on Wednesday, December 28th. The shares were sold at an average price of $48.12, for a total value of $5,471,532.72. Following the completion of the sale, the chairman now owns 1,772,430 shares in the company, valued at approximately $85,289,331.60. The disclosure for this sale can be found here. Insiders sold 274,968 shares of company stock worth $12,864,757 in the last 90 days. Corporate insiders own 0.64% of the company’s stock.

Several institutional investors have recently made changes to their positions in AAL. Personal Capital Advisors Corp raised its position in shares of American Airlines Group by 0.6% in the second quarter. Personal Capital Advisors Corp now owns 12,695 shares of the airline’s stock worth $359,000 after buying an additional 72 shares during the period. TCW Group Inc. raised its position in shares of American Airlines Group by 0.5% in the second quarter. TCW Group Inc. now owns 42,400 shares of the airline’s stock worth $1,200,000 after buying an additional 200 shares during the period. Reilly Financial Advisors LLC raised its position in shares of American Airlines Group by 2.5% in the third quarter. Reilly Financial Advisors LLC now owns 8,071 shares of the airline’s stock worth $295,000 after buying an additional 200 shares during the period. Cribstone Capital Management LLC raised its position in shares of American Airlines Group by 7.2% in the third quarter. Cribstone Capital Management LLC now owns 4,105 shares of the airline’s stock worth $161,000 after buying an additional 275 shares during the period. Finally, Zurich Insurance Group Ltd FI raised its position in shares of American Airlines Group by 2.5% in the second quarter. Zurich Insurance Group Ltd FI now owns 15,140 shares of the airline’s stock worth $429,000 after buying an additional 367 shares during the period. Institutional investors own 77.11% of the company’s stock.

A number of research analysts recently weighed in on AAL shares. Stifel Nicolaus cut their price objective on American Airlines Group from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, October 12th. Vetr raised American Airlines Group from a “buy” rating to a “strong-buy” rating and set a $58.50 target price on the stock in a report on Tuesday, December 27th. Sanford C. Bernstein initiated coverage on American Airlines Group in a report on Monday, October 10th. They issued an “underperform” rating and a $31.00 target price on the stock. Citigroup Inc. reaffirmed a “buy” rating on shares of American Airlines Group in a report on Tuesday, December 6th. Finally, Imperial Capital raised their target price on American Airlines Group from $43.00 to $49.00 and gave the company an “in-line” rating in a report on Tuesday, November 22nd. Three research analysts have rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. American Airlines Group has an average rating of “Hold” and a consensus price target of $46.57.

American Airlines Group Company Profile

American Airlines Group Inc (AAG) is a holding company whose primary business activity is the operation of a network air carrier through its subsidiaries, American Airlines, Inc (American) and its regional subsidiaries, Envoy Aviation Group Inc (Envoy), Piedmont Airlines, Inc (Piedmont) and PSA Airlines, Inc (PSA).

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