American Airlines Group Inc (NASDAQ:AAL) – Equities researchers at Imperial Capital lowered their Q2 2019 earnings estimates for American Airlines Group in a research note issued to investors on Monday, April 22nd. Imperial Capital analyst M. Derchin now anticipates that the airline will earn $2.08 per share for the quarter, down from their previous forecast of $2.16. Imperial Capital currently has a “Outperform” rating and a $43.00 target price on the stock. Imperial Capital also issued estimates for American Airlines Group’s FY2019 earnings at $5.85 EPS and FY2020 earnings at $6.30 EPS.
Other equities research analysts also recently issued research reports about the company. Macquarie set a $53.00 target price on American Airlines Group and gave the stock a “buy” rating in a research report on Tuesday, January 29th. Citigroup decreased their target price on American Airlines Group from $59.00 to $56.00 and set a “buy” rating for the company in a research report on Friday, March 8th. Bank of America reaffirmed a “buy” rating and issued a $39.00 target price (down previously from $42.00) on shares of American Airlines Group in a research report on Thursday, April 4th. Deutsche Bank downgraded American Airlines Group from a “buy” rating to a “hold” rating and upped their target price for the stock from $28.81 to $35.63 in a research report on Friday, March 1st. Finally, Zacks Investment Research downgraded American Airlines Group from a “buy” rating to a “hold” rating in a research report on Friday, February 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $44.85.
American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, January 24th. The airline reported $1.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.03. American Airlines Group had a negative return on equity of 322.87% and a net margin of 3.17%. The company had revenue of $10.94 billion during the quarter, compared to the consensus estimate of $10.94 billion. During the same quarter in the prior year, the business earned $0.95 earnings per share. The company’s revenue was up 3.1% compared to the same quarter last year.
Large investors have recently added to or reduced their stakes in the stock. Accurate Investment Solutions Inc. raised its stake in American Airlines Group by 100.0% during the first quarter. Accurate Investment Solutions Inc. now owns 800 shares of the airline’s stock valued at $25,000 after buying an additional 400 shares in the last quarter. IMS Capital Management acquired a new stake in American Airlines Group during the third quarter valued at approximately $35,000. Signet Investment Advisory Group Inc. acquired a new stake in American Airlines Group during the fourth quarter valued at approximately $32,000. Capital Investment Advisory Services LLC acquired a new stake in American Airlines Group during the fourth quarter valued at approximately $32,000. Finally, JNBA Financial Advisors acquired a new stake in American Airlines Group during the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 81.46% of the company’s stock.
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.
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