American Airlines Group (AAL) Releases FY 2018 Earnings Guidance
American Airlines Group (NASDAQ:AAL) issued an update on its FY 2018 earnings guidance on Thursday morning. The company provided earnings per share guidance of $4.40-4.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.62. American Airlines Group also updated its FY18 guidance to 4.40-4.60 EPS.
American Airlines Group stock opened at $32.04 on Friday. American Airlines Group has a 52-week low of $28.81 and a 52-week high of $59.08. The company has a market cap of $15.39 billion, a price-to-earnings ratio of 6.57, a PEG ratio of 0.79 and a beta of 1.32.
American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, October 25th. The airline reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.01. American Airlines Group had a net margin of 3.06% and a return on equity of 568.86%. The firm had revenue of $11.56 billion during the quarter, compared to analyst estimates of $11.55 billion. On average, sell-side analysts forecast that American Airlines Group will post 4.57 earnings per share for the current year.
In other American Airlines Group news, Director Jeffrey D. Benjamin acquired 15,000 shares of the business’s stock in a transaction dated Monday, November 19th. The stock was bought at an average price of $35.69 per share, with a total value of $535,350.00. Following the completion of the acquisition, the director now owns 22,146 shares of the company’s stock, valued at $790,390.74. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John T. Cahill acquired 25,000 shares of the business’s stock in a transaction dated Monday, October 29th. The shares were acquired at an average cost of $33.47 per share, with a total value of $836,750.00. Following the acquisition, the director now directly owns 6,531 shares of the company’s stock, valued at approximately $218,592.57. The disclosure for this purchase can be found here. 0.70% of the stock is owned by insiders.
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, 2017, the company operated a mainline fleet of 948 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, and Phoenix, as well as in 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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