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

American Airlines Group (NASDAQ:AAL - Get Free Report) will likely be issuing its quarterly earnings data before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.39 per share and revenue of $13,124,300.00 billion for the quarter. Parties interested in participating in the company's conference call can do so using this link.

American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.14. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The company had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. During the same period in the previous year, the business posted $0.38 earnings per share. American Airlines Group's quarterly revenue was up 1.2% on a year-over-year basis. On average, analysts expect American Airlines Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

American Airlines Group Trading Up 1.2 %

Shares of AAL traded up $0.22 during mid-day trading on Thursday, hitting $18.29. 22,020,209 shares of the company's stock were exchanged, compared to its average volume of 26,423,264. American Airlines Group has a fifty-two week low of $9.07 and a fifty-two week high of $18.56. The business's 50 day moving average is $16.24 and its two-hundred day moving average is $12.94. The firm has a market capitalization of $12.02 billion, a P/E ratio of 55.43, a P/E/G ratio of 0.21 and a beta of 1.35.

Analyst Upgrades and Downgrades

AAL has been the topic of several analyst reports. TD Cowen upgraded American Airlines Group from a "hold" rating to a "buy" rating and lifted their target price for the company from $17.00 to $25.00 in a research note on Monday, January 6th. Bank of America boosted their price objective on shares of American Airlines Group from $9.00 to $10.00 and gave the company an "underperform" rating in a research note on Friday, October 25th. Jefferies Financial Group upgraded shares of American Airlines Group from a "hold" rating to a "buy" rating and raised their target price for the stock from $12.00 to $20.00 in a research note on Monday, January 6th. Susquehanna increased their price target on shares of American Airlines Group from $14.00 to $20.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Finally, BNP Paribas raised American Airlines Group to a "hold" rating in a report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $18.42.

Insider Transactions at American Airlines Group

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of the company's stock in a transaction on Friday, December 27th. The stock was sold at an average price of $17.21, for a total value of $1,763,009.61. Following the sale, the chief executive officer now directly owns 2,967,984 shares in the company, valued at $51,079,004.64. This represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.49% of the company's stock.

About American Airlines Group

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, Doha, Madrid, Seattle/Tacoma, Sydney, and Tokyo.