American Airlines Group Inc (NASDAQ:AAL) – Analysts at Imperial Capital cut their Q3 2019 earnings per share (EPS) estimates for American Airlines Group in a note issued to investors on Tuesday, April 30th, Zacks Investment Research reports. Imperial Capital analyst M. Derchin now expects that the airline will post earnings per share of $1.50 for the quarter, down from their prior forecast of $1.75. Imperial Capital currently has a “In-Line” rating and a $41.00 target price on the stock. Imperial Capital also issued estimates for American Airlines Group’s Q4 2019 earnings at $1.64 EPS and FY2020 earnings at $6.00 EPS.
American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Friday, April 26th. The airline reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.02. American Airlines Group had a negative return on equity of 356.47% and a net margin of 3.15%. The firm had revenue of $10.58 billion for the quarter, compared to analyst estimates of $10.61 billion. During the same period in the previous year, the firm earned $0.75 earnings per share. The company’s revenue was up 1.8% compared to the same quarter last year.
AAL has been the subject of several other research reports. Bank of America restated a “buy” rating and set a $39.00 price objective (down previously from $42.00) on shares of American Airlines Group in a report on Thursday, April 4th. Vertical Research initiated coverage on American Airlines Group in a report on Monday, February 4th. They set a “hold” rating for the company. ValuEngine downgraded American Airlines Group from a “sell” rating to a “strong sell” rating in a report on Friday, February 15th. BidaskClub upgraded American Airlines Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, April 3rd. Finally, Citigroup decreased their price objective on American Airlines Group from $59.00 to $56.00 and set a “buy” rating for the company in a report on Friday, March 8th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $44.94.
Shares of AAL opened at $32.32 on Wednesday. The company has a market capitalization of $14.30 billion, a price-to-earnings ratio of 7.10, a price-to-earnings-growth ratio of 2.01 and a beta of 1.54. American Airlines Group has a 52-week low of $28.81 and a 52-week high of $45.82.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, May 7th. This represents a $0.40 annualized dividend and a yield of 1.24%. American Airlines Group’s payout ratio is currently 8.79%.
Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its stake in American Airlines Group by 1.9% in the fourth quarter. BlackRock Inc. now owns 23,557,390 shares of the airline’s stock worth $756,426,000 after purchasing an additional 444,541 shares in the last quarter. Harris Associates L P lifted its holdings in American Airlines Group by 14.0% during the fourth quarter. Harris Associates L P now owns 18,951,352 shares of the airline’s stock worth $608,528,000 after buying an additional 2,328,627 shares during the period. FMR LLC lifted its holdings in American Airlines Group by 37.5% during the fourth quarter. FMR LLC now owns 14,226,885 shares of the airline’s stock worth $456,824,000 after buying an additional 3,883,285 shares during the period. Geode Capital Management LLC lifted its holdings in American Airlines Group by 4.1% during the first quarter. Geode Capital Management LLC now owns 5,758,200 shares of the airline’s stock worth $182,642,000 after buying an additional 227,207 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of American Airlines Group by 2,405.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,249,791 shares of the airline’s stock valued at $132,000 after purchasing an additional 4,080,170 shares during the last quarter. 82.07% of the stock is currently 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.