Equities analysts forecast that American Airlines Group Inc (NASDAQ:AAL) will report sales of $11.06 billion for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have issued estimates for American Airlines Group’s earnings. The lowest sales estimate is $10.94 billion and the highest is $11.13 billion. American Airlines Group reported sales of $10.60 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.3%. The firm is expected to report its next quarterly earnings results on Thursday, January 24th.

On average, analysts expect that American Airlines Group will report full-year sales of $44.67 billion for the current fiscal year, with estimates ranging from $44.64 billion to $44.73 billion. For the next financial year, analysts anticipate that the company will post sales of $46.71 billion, with estimates ranging from $45.59 billion to $48.49 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for American Airlines Group.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, October 25th. The airline reported $1.13 earnings per share (EPS) for the quarter, beating 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 business had revenue of $11.56 billion during the quarter, compared to the consensus estimate of $11.55 billion.

A number of research analysts have recently weighed in on the stock. BidaskClub upgraded shares of American Airlines Group from a “sell” rating to a “hold” rating in a report on Thursday, September 20th. ValuEngine raised shares of American Airlines Group from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. Imperial Capital lifted their price target on shares of American Airlines Group from $52.00 to $56.00 and gave the stock an “outperform” rating in a research report on Thursday, September 27th. Citigroup lifted their price target on shares of American Airlines Group from $53.00 to $56.00 and gave the stock a “buy” rating in a research report on Thursday, November 29th. Finally, Susquehanna Bancshares initiated coverage on shares of American Airlines Group in a report on Wednesday, November 28th. They set a “positive” rating and a $47.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $48.24.

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 shares were acquired at an average price of $35.69 per share, with a total value of $535,350.00. Following the completion of the transaction, the director now directly owns 22,146 shares in the company, valued at approximately $790,390.74. The purchase was disclosed in a document filed 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 stock was acquired at an average cost of $33.47 per share, for a total transaction of $836,750.00. Following the transaction, the director now owns 6,531 shares of the company’s stock, valued at $218,592.57. The disclosure for this purchase can be found here. 0.70% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. IMS Capital Management acquired a new position in shares of American Airlines Group in the third quarter valued at $35,000. Truvestments Capital LLC acquired a new position in shares of American Airlines Group in the third quarter valued at about $115,000. Stratos Wealth Partners LTD. acquired a new position in shares of American Airlines Group in the third quarter valued at about $117,000. Glenmede Trust Co. NA grew its stake in shares of American Airlines Group by 108.7% in the third quarter. Glenmede Trust Co. NA now owns 3,366 shares of the airline’s stock valued at $138,000 after acquiring an additional 1,753 shares in the last quarter. Finally, Trilogy Capital Inc. grew its stake in shares of American Airlines Group by 10,137.5% in the second quarter. Trilogy Capital Inc. now owns 4,095 shares of the airline’s stock valued at $155,000 after acquiring an additional 4,055 shares in the last quarter. 81.14% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ AAL traded down $0.24 during mid-day trading on Friday, hitting $31.80. The company’s stock had a trading volume of 6,540,462 shares, compared to its average volume of 9,918,103. American Airlines Group has a twelve month low of $28.81 and a twelve month high of $59.08. The company has a market cap of $15.39 billion, a P/E ratio of 6.52, a PEG ratio of 0.79 and a beta of 1.32.

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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