American Airlines Group, Inc. (NASDAQ:AAL) Issues Earnings Results, Beats Expectations By $0.02 EPS

American Airlines Group, Inc. (NASDAQ:AAL) released its quarterly earnings results on Thursday, October 26th. The airline reported $1.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.02, Bloomberg Earnings reports. American Airlines Group had a return on equity of 64.92% and a net margin of 4.71%. The business had revenue of $10.88 billion for the quarter, compared to the consensus estimate of $10.88 billion. During the same quarter last year, the business posted $2.80 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis.

Shares of American Airlines Group (NASDAQ:AAL) traded up $0.05 during mid-day trading on Friday, hitting $45.82. 2,433,000 shares of the stock were exchanged, compared to its average volume of 4,581,784. American Airlines Group has a 12-month low of $39.21 and a 12-month high of $54.48. The company has a debt-to-equity ratio of 5.63, a quick ratio of 0.57 and a current ratio of 0.65. The company has a market cap of $21,924.82, a P/E ratio of 9.41 and a beta of 0.97.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Monday, November 13th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Friday, November 10th. American Airlines Group’s payout ratio is 10.18%.

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A number of research firms have weighed in on AAL. BidaskClub upgraded American Airlines Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 14th. Morgan Stanley reaffirmed an “equal weight” rating and set a $52.00 price objective (down from $54.00) on shares of American Airlines Group in a research note on Thursday, August 17th. Stifel Nicolaus reissued a “buy” rating and issued a $95.00 target price on shares of American Airlines Group in a research note on Tuesday, August 22nd. Sanford C. Bernstein reissued a “hold” rating on shares of American Airlines Group in a research note on Monday, August 7th. Finally, Buckingham Research reissued a “buy” rating and issued a $70.00 target price (up from $68.00) on shares of American Airlines Group in a research note on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $58.47.

In related news, Director Ray M. Robinson sold 3,476 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $46.76, for a total value of $162,537.76. Following the completion of the transaction, the director now owns 29,938 shares of the company’s stock, valued at approximately $1,399,900.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.64% of the company’s stock.

American Airlines Group Company Profile

American Airlines Group Inc is a holding company. The Company’s primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. The Company operates through American segment, which provides air transportation for passengers and cargo.

Earnings History for American Airlines Group (NASDAQ:AAL)

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