Analysts Anticipate American Airlines Group Inc (NASDAQ:AAL) Will Post Earnings of -$5.66 Per Share

Equities research analysts expect American Airlines Group Inc (NASDAQ:AAL) to post earnings per share of ($5.66) for the current fiscal quarter, according to Zacks. Ten analysts have made estimates for American Airlines Group’s earnings. The lowest EPS estimate is ($7.07) and the highest is ($4.83). American Airlines Group posted earnings per share of $1.42 in the same quarter last year, which suggests a negative year-over-year growth rate of 498.6%. The business is scheduled to announce its next quarterly earnings results on Thursday, October 22nd.

On average, analysts expect that American Airlines Group will report full-year earnings of ($18.92) per share for the current fiscal year, with EPS estimates ranging from ($22.36) to ($15.60). For the next year, analysts expect that the company will post earnings of ($2.19) per share, with EPS estimates ranging from ($8.38) to $1.25. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow American Airlines Group.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, July 23rd. The airline reported ($7.82) earnings per share for the quarter, missing analysts’ consensus estimates of ($7.03) by ($0.79). American Airlines Group had a negative return on equity of 124.31% and a negative net margin of 10.40%. The firm had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the previous year, the firm earned $1.82 earnings per share. American Airlines Group’s revenue was down 86.4% on a year-over-year basis.

A number of equities research analysts have weighed in on AAL shares. Deutsche Bank reiterated a “buy” rating and set a $18.00 target price on shares of American Airlines Group in a research note on Monday, July 20th. BidaskClub upgraded shares of American Airlines Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 9th. ValuEngine upgraded shares of American Airlines Group from a “buy” rating to a “strong-buy” rating in a research note on Monday, June 1st. Berenberg Bank lowered shares of American Airlines Group from a “hold” rating to a “sell” rating and decreased their target price for the company from $14.00 to $10.00 in a research note on Wednesday, September 2nd. Finally, Citigroup boosted their target price on shares of American Airlines Group from $9.00 to $14.00 and gave the company a “sell” rating in a research note on Monday, June 15th. Eleven research analysts have rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $15.13.

AAL traded up $0.66 during mid-day trading on Wednesday, reaching $13.80. 74,934,236 shares of the company traded hands, compared to its average volume of 66,136,594. The stock has a market capitalization of $7.02 billion, a P/E ratio of -1.68 and a beta of 1.75. The company’s fifty day moving average price is $12.81 and its 200-day moving average price is $12.80. American Airlines Group has a 52-week low of $8.25 and a 52-week high of $31.67.

A number of institutional investors have recently modified their holdings of AAL. Morgan Stanley increased its position in shares of American Airlines Group by 2.1% during the first quarter. Morgan Stanley now owns 2,451,724 shares of the airline’s stock worth $29,887,000 after acquiring an additional 49,612 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in American Airlines Group by 125.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 192,632 shares of the airline’s stock worth $2,518,000 after buying an additional 107,130 shares during the period. Swiss National Bank raised its stake in shares of American Airlines Group by 18.8% in the first quarter. Swiss National Bank now owns 421,200 shares of the airline’s stock worth $5,134,000 after purchasing an additional 66,600 shares during the last quarter. Deutsche Bank AG raised its stake in shares of American Airlines Group by 1.8% in the first quarter. Deutsche Bank AG now owns 621,192 shares of the airline’s stock worth $7,573,000 after purchasing an additional 10,816 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of American Airlines Group by 4.4% in the first quarter. Principal Financial Group Inc. now owns 569,542 shares of the airline’s stock worth $6,942,000 after purchasing an additional 23,850 shares during the last quarter. 55.68% of the stock is owned by 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, 2018, the company operated a mainline fleet of 956 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, London Heathrow, Los Angeles, Miami, New York, Philadelphia, Phoenix, and 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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