American Airlines Group (NASDAQ:AAL) Announces Earnings Results

American Airlines Group (NASDAQ:AALGet Free Report) released its earnings results on Tuesday. The airline reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.22), Zacks reports. American Airlines Group had a net margin of 1.11% and a negative return on equity of 18.14%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.86 EPS.

American Airlines Group Trading Down 0.7%

Shares of NASDAQ:AAL opened at $14.57 on Tuesday. The stock has a market capitalization of $9.62 billion, a PE ratio of 16.94, a P/E/G ratio of 0.52 and a beta of 1.23. American Airlines Group has a 1 year low of $8.50 and a 1 year high of $17.54. The firm has a fifty day moving average price of $14.89 and a 200 day moving average price of $13.30.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. BMO Capital Markets raised shares of American Airlines Group to a “hold” rating in a research report on Tuesday, December 9th. Bank of America lifted their target price on shares of American Airlines Group from $15.00 to $17.00 and gave the company a “neutral” rating in a research note on Tuesday, January 6th. Wells Fargo & Company assumed coverage on shares of American Airlines Group in a research note on Thursday, December 18th. They issued an “equal weight” rating and a $17.00 price target on the stock. Jefferies Financial Group lifted their price objective on American Airlines Group from $12.00 to $13.00 and gave the company a “hold” rating in a research report on Wednesday, October 1st. Finally, UBS Group boosted their target price on American Airlines Group from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Eight research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, American Airlines Group presently has a consensus rating of “Hold” and an average price target of $17.61.

View Our Latest Report on AAL

Institutional Trading of American Airlines Group

Large investors have recently made changes to their positions in the stock. Diversify Advisory Services LLC bought a new position in shares of American Airlines Group in the 2nd quarter valued at approximately $118,000. Quantessence Capital LLC bought a new stake in American Airlines Group during the third quarter worth approximately $145,000. Aptus Capital Advisors LLC grew its holdings in American Airlines Group by 8.8% during the third quarter. Aptus Capital Advisors LLC now owns 13,203 shares of the airline’s stock valued at $148,000 after purchasing an additional 1,070 shares during the last quarter. United Capital Financial Advisors LLC raised its position in shares of American Airlines Group by 26.1% in the third quarter. United Capital Financial Advisors LLC now owns 13,247 shares of the airline’s stock valued at $149,000 after purchasing an additional 2,739 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in shares of American Airlines Group by 6.6% in the second quarter. NewEdge Advisors LLC now owns 13,251 shares of the airline’s stock worth $149,000 after buying an additional 823 shares during the last quarter. Institutional investors own 52.44% of the company’s stock.

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American Airlines Group Company Profile

(Get Free Report)

American Airlines Group Inc is a leading global airline holding company headquartered in Fort Worth, Texas. Formed in December 2013 through the merger of AMR Corporation (parent of American Airlines) and US Airways Group, the company operates one of the world’s largest passenger and cargo networks. Its subsidiaries include American Airlines, which provides mainline service, and American Eagle, a network of regional carriers operating short- and medium-haul routes on behalf of the mainline carrier.

The company offers scheduled air transportation for passengers and cargo to more than 350 destinations in over 50 countries.

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Earnings History for American Airlines Group (NASDAQ:AAL)

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