American Airlines Group (AAL) Set to Announce Earnings on Thursday

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American Airlines Group (NASDAQ:AAL) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, July 25th. Analysts expect American Airlines Group to post earnings of $1.77 per share for the quarter. American Airlines Group has set its FY 2019 guidance at $4.00-6.00 EPS and its FY19 guidance at $4.00-6.00 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Friday, April 26th. The airline reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.02. The company had revenue of $10.58 billion for the quarter, compared to analysts’ expectations of $10.61 billion. American Airlines Group had a negative return on equity of 356.47% and a net margin of 3.15%. American Airlines Group’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period last year, the firm earned $0.75 earnings per share. On average, analysts expect American Airlines Group to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

NASDAQ AAL opened at $33.00 on Tuesday. The company has a market capitalization of $14.68 billion, a PE ratio of 7.25, a PEG ratio of 0.34 and a beta of 1.69. American Airlines Group has a 1 year low of $27.02 and a 1 year high of $43.89. The business has a 50-day simple moving average of $32.23.

In other American Airlines Group news, Director John T. Cahill bought 25,000 shares of the stock in a transaction dated Tuesday, June 4th. The stock was purchased at an average cost of $28.60 per share, for a total transaction of $715,000.00. Following the completion of the acquisition, the director now owns 3,494 shares of the company’s stock, valued at $99,928.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO W Douglas Parker bought 50,000 shares of the stock in a transaction dated Tuesday, June 4th. The shares were acquired at an average price of $28.09 per share, with a total value of $1,404,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 2,201,636 shares of the company’s stock, valued at approximately $61,843,955.24. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 95,000 shares of company stock worth $2,674,350. Insiders own 0.70% of the company’s stock.

Several analysts recently issued reports on the company. Deutsche Bank cut RIGHTMOVE PLC/ADR from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. Buckingham Research cut their price objective on PJT Partners from $49.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, July 11th. Zacks Investment Research cut Haynes International from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. Barclays lifted their price objective on NetEase from $300.00 to $320.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. Finally, Standpoint Research raised CVS Health from a “hold” rating to a “buy” rating in a research report on Wednesday, June 5th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $42.38.

American Airlines Group Company Profile

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.

Further Reading: Trading based on a resistance level

Earnings History for American Airlines Group (NASDAQ:AAL)

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