American Airlines Group (NASDAQ:AAL) Posts Quarterly Earnings Results

American Airlines Group (NASDAQ:AAL) issued its quarterly earnings data on Thursday. The airline reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.06), Briefing.com reports. American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. The firm had revenue of $12.57 billion for the quarter, compared to analysts’ expectations of $12.60 billion. During the same period in the previous year, the business posted $0.05 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year.

American Airlines Group Trading Down 1.8 %

AAL stock traded down $0.25 on Friday, hitting $13.88. 36,527,836 shares of the company’s stock traded hands, compared to its average volume of 33,690,384. American Airlines Group has a 1-year low of $10.86 and a 1-year high of $19.08. The stock has a market cap of $9.09 billion, a price-to-earnings ratio of 23.13, a P/E/G ratio of 0.11 and a beta of 1.57. The stock has a fifty day moving average of $14.46 and a 200-day moving average of $13.63.

Wall Street Analysts Forecast Growth

AAL has been the subject of a number of research reports. UBS Group initiated coverage on shares of American Airlines Group in a research report on Wednesday, March 20th. They set a “buy” rating and a $19.00 price target for the company. Sanford C. Bernstein boosted their price objective on shares of American Airlines Group from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. Morgan Stanley reissued an “overweight” rating and set a $20.00 price objective on shares of American Airlines Group in a research note on Tuesday, March 5th. Seaport Res Ptn raised shares of American Airlines Group from a “neutral” rating to a “buy” rating in a research note on Friday, January 26th. Finally, Evercore ISI reissued a “hold” rating and set a $17.00 price objective on shares of American Airlines Group in a research note on Monday, January 29th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $17.53.

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.