Zacks: Brokerages Expect American Airlines Group Inc. (NASDAQ:AAL) Will Post Quarterly Sales of $12.84 Billion

Equities research analysts expect that American Airlines Group Inc. (NASDAQ:AALGet Rating) will post sales of $12.84 billion for the current quarter, according to Zacks. Five analysts have issued estimates for American Airlines Group’s earnings, with the highest sales estimate coming in at $12.92 billion and the lowest estimate coming in at $12.75 billion. American Airlines Group reported sales of $7.48 billion during the same quarter last year, which indicates a positive year over year growth rate of 71.7%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that American Airlines Group will report full-year sales of $46.78 billion for the current financial year, with estimates ranging from $45.17 billion to $47.62 billion. For the next fiscal year, analysts expect that the firm will post sales of $49.29 billion, with estimates ranging from $46.74 billion to $54.28 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for American Airlines Group.

American Airlines Group (NASDAQ:AALGet Rating) last released its quarterly earnings data on Thursday, April 21st. The airline reported ($2.32) EPS for the quarter, beating the consensus estimate of ($2.40) by $0.08. The company had revenue of $8.90 billion during the quarter, compared to analyst estimates of $8.82 billion. During the same quarter in the prior year, the firm earned ($4.32) earnings per share. American Airlines Group’s revenue for the quarter was up 122.0% on a year-over-year basis.

A number of equities research analysts have recently issued reports on AAL shares. Redburn Partners cut shares of American Airlines Group from a “buy” rating to a “neutral” rating and set a $18.00 target price for the company. in a research report on Tuesday, January 25th. Susquehanna Bancshares cut their price objective on shares of American Airlines Group from $21.00 to $19.00 in a research report on Friday, January 21st. Seaport Res Ptn cut shares of American Airlines Group from a “buy” rating to a “neutral” rating in a research report on Monday, March 7th. StockNews.com started coverage on shares of American Airlines Group in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of American Airlines Group from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, April 22nd. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $21.40.

Large investors have recently modified their holdings of the business. U S Global Investors Inc. increased its holdings in American Airlines Group by 15.7% in the 1st quarter. U S Global Investors Inc. now owns 20,750,111 shares of the airline’s stock worth $378,690,000 after acquiring an additional 2,822,450 shares during the last quarter. Geode Capital Management LLC boosted its stake in American Airlines Group by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 12,169,912 shares of the airline’s stock worth $218,247,000 after purchasing an additional 44,225 shares during the period. Two Sigma Advisers LP boosted its stake in American Airlines Group by 2.1% in the 3rd quarter. Two Sigma Advisers LP now owns 8,013,846 shares of the airline’s stock worth $164,444,000 after purchasing an additional 166,900 shares during the period. Invesco Ltd. boosted its stake in American Airlines Group by 10.0% in the 4th quarter. Invesco Ltd. now owns 5,864,681 shares of the airline’s stock worth $105,330,000 after purchasing an additional 531,471 shares during the period. Finally, Ovata Capital Management Ltd bought a new position in American Airlines Group in the 3rd quarter worth about $8,512,000. Institutional investors and hedge funds own 53.70% of the company’s stock.

Shares of American Airlines Group stock opened at $16.57 on Wednesday. The firm has a 50-day moving average of $17.33 and a 200-day moving average of $17.94. The stock has a market cap of $10.76 billion, a PE ratio of -4.50 and a beta of 1.45. American Airlines Group has a 52-week low of $12.44 and a 52-week high of $26.04.

About American Airlines Group (Get Rating)

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC, as well as through partner gateways in London, Madrid, Seattle/Tacoma, Sydney, and Tokyo.

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Earnings History and Estimates for American Airlines Group (NASDAQ:AAL)

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