Equities research analysts predict that American Airlines Group Inc (NASDAQ:AAL) will report $10.71 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have issued estimates for American Airlines Group’s earnings, with the highest sales estimate coming in at $11.16 billion and the lowest estimate coming in at $10.61 billion. American Airlines Group posted sales of $10.40 billion in the same quarter last year, which suggests a positive year over year growth rate of 3%. The business is scheduled to announce its next quarterly earnings results on Thursday, April 25th.

According to Zacks, analysts expect that American Airlines Group will report full year sales of $46.70 billion for the current year, with estimates ranging from $45.96 billion to $48.49 billion. For the next fiscal year, analysts expect that the firm will report sales of $48.72 billion, with estimates ranging from $48.02 billion to $49.87 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover American Airlines Group.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, January 24th. The airline reported $1.04 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $10.94 billion during the quarter, compared to analyst estimates of $10.94 billion. During the same period in the previous year, the company posted $0.95 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year.

A number of analysts have commented on the company. BidaskClub lowered American Airlines Group from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th. Zacks Investment Research lowered American Airlines Group from a “buy” rating to a “hold” rating in a report on Friday, February 15th. Citigroup decreased their price objective on American Airlines Group from $59.00 to $56.00 and set a “buy” rating for the company in a report on Friday, March 8th. Cowen reissued an “outperform” rating and set a $42.00 price objective (down from $43.00) on shares of American Airlines Group in a report on Thursday, January 10th. Finally, ValuEngine raised American Airlines Group from a “sell” rating to a “hold” rating in a report on Saturday, December 1st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $46.57.

Several hedge funds have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board lifted its stake in American Airlines Group by 116.3% in the third quarter. Canada Pension Plan Investment Board now owns 201,410 shares of the airline’s stock valued at $8,324,000 after purchasing an additional 108,300 shares during the last quarter. Advent Capital Management DE purchased a new position in American Airlines Group in the third quarter valued at approximately $413,000. Morgan Stanley lifted its stake in American Airlines Group by 1.7% in the third quarter. Morgan Stanley now owns 1,988,433 shares of the airline’s stock valued at $82,181,000 after purchasing an additional 33,850 shares during the last quarter. Landsberg Bennett & Dubbaneh LLC purchased a new position in American Airlines Group in the fourth quarter valued at approximately $243,000. Finally, Frontier Capital Management Co. LLC lifted its stake in American Airlines Group by 28.8% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,291,701 shares of the airline’s stock valued at $41,477,000 after purchasing an additional 288,968 shares during the last quarter. 80.83% of the stock is owned by institutional investors.

Shares of American Airlines Group stock opened at $31.84 on Thursday. The stock has a market capitalization of $13.88 billion, a P/E ratio of 7.00, a PEG ratio of 1.16 and a beta of 1.59. American Airlines Group has a one year low of $28.81 and a one year high of $57.21.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 20th. Stockholders of record on Wednesday, February 6th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Tuesday, February 5th. American Airlines Group’s dividend payout ratio is presently 8.79%.

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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