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.
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