Four analysts have made estimates for American Airlines Group's earnings, with estimates ranging from $1.84 to $1.91. American Airlines Group posted sales of $10.36 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 7%. The company is expected to issue its next earnings results before the market opens on Friday, July 28th. On average, analysts expect that American Airlines Group, Inc. will post $5.14 earnings per share for the current year. MCF Advisors LLC bought a new stake in shares of American Airlines Group during the second quarter worth about $106,000. Zacks Investment Research's EPS calculations are a mean average based on a survey of research firms that cover American Airlines Group. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group, Inc. with MarketBeat.com's FREE daily email newsletter. The airline reported $0.61 EPS for the quarter, beating the consensus estimate of $0.57 by $0.04. The business had revenue of $11.11 billion for the quarter, compared to analyst estimates of $11.08 billion. American Airlines Group had a net margin of 5.02% and a return on equity of 83.58%. The firm's revenue was up 7.2% compared to the same quarter previous year. During the same quarter a year ago, the firm posted $1.25 earnings per share.
AAL has been the topic of several recent research reports. Vetr raised American Airlines Group from a "hold" rating to a "buy" rating and set a $45.36 price target on the stock in a research report on Tuesday, March 28th. ValuEngine raised shares of American Airlines Group from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 2nd.
July 17 investment analysts at Morgan Stanley left the stock rating at "Equal-Weight" and raised the price target to $54.00 from $46.00. Barclays PLC reaffirmed a "hold" rating and set a $58.00 price target on shares of American Airlines Group in a research report on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. American Airlines Group presently has an average rating of "Hold" and a consensus target price of $50.04.
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Quantitative Systematic Strategies LLC acquired a new position in shares of American Airlines Group, Inc. 514,301 shares of the company traded hands. American Airlines Group has a 52 week low of $33.00 and a 52 week high of $54.48. (NASDAQ:AAL) has been assigned a consensus rating of "Hold" from the twenty-one analysts that are now covering the company, Marketbeat reports. Hourglass Capital Llc who had been investing in American Airls Group Inc for a number of months, seems to be less bullish one the $24.79B market cap company. American Airlines Group also was the target of unusually large options trading on Monday. Stock investors acquired 1,841 put options on the company.
In other news, EVP Maya Leibman sold 23,857 shares of the stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $50.00, for a total value of $5,211,150.00. Following the completion of the sale, the executive vice president now owns 312,368 shares in the company, valued at approximately $15,727,728.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Following the completion of the sale, the vice president now owns 591,195 shares in the company, valued at approximately $29,559,750. The disclosure for this purchase can be found here. Teacher Retirement System of Texas now owns 323,344 shares of the airline's stock valued at $13,677,000 after buying an additional 27,340 shares during the last quarter.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company.
State Treasurer State of MI lowered its position in American Airlines Group, Inc. Wealthfront Inc. purchased a new stake in shares of American Airlines Group during the fourth quarter valued at approximately $572,000. Skandinaviska Enskilda Banken AB publ has an ownership of 943,900 stocks of the airline's shares valued $39,927,000 after scooping up an extra 924,800 shares through out the quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of American Airlines Group by 4,841.9% in the first quarter. LSV Asset Management now owns 3,150,482 shares of the airline's stock worth $133,265,000 after buying an additional 804,745 shares during the period. LMR Partners LLP increased its position in American Airlines Group by 1.6% in the first quarter. Lastly, LSV Asset Management upped its stake in American Airlines Group by 34.3% in the Q1. The value in dollars went from $2,334,000 to $2,496,000 a change of $162,000 quarter to quarter. Cowen and Company reiterated an outperform recommendation on stocks of American Airlines Group in a note on Fri, Apr 14th.