American Airlines Group (AAL) to Release Quarterly Earnings on Thursday

American Airlines Group (NASDAQ:AAL) is set to issue its quarterly earnings data before the market opens on Thursday, July 25th. Analysts expect the company to announce earnings of $1.06 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, April 25th. The airline reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.06). The firm had revenue of $12.57 billion during the quarter, compared to analyst estimates of $12.60 billion. American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. American Airlines Group’s revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.05 earnings per share. 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 Down 2.0 %

AAL stock opened at $10.48 on Wednesday. The company has a market capitalization of $6.88 billion, a P/E ratio of 17.47, a PEG ratio of 0.22 and a beta of 1.44. American Airlines Group has a twelve month low of $10.34 and a twelve month high of $17.32. The business has a 50 day simple moving average of $11.77 and a 200-day simple moving average of $13.47.

Analyst Ratings Changes

AAL has been the subject of several recent research reports. Morgan Stanley decreased their price target on American Airlines Group from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, June 3rd. Jefferies Financial Group downgraded American Airlines Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from $17.00 to $12.00 in a report on Wednesday, May 29th. JPMorgan Chase & Co. decreased their price target on American Airlines Group from $24.00 to $21.00 and set an “overweight” rating for the company in a report on Thursday, May 30th. Citigroup decreased their price target on American Airlines Group from $20.00 to $16.50 and set a “buy” rating for the company in a report on Friday, May 31st. Finally, Bank of America decreased their price target on American Airlines Group from $12.00 to $11.00 and set an “underperform” rating for the company in a report on Wednesday, May 29th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $15.03.

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.