American Airlines Group (NASDAQ:AAL) Updates Q1 Earnings Guidance

American Airlines Group (NASDAQ:AAL) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share guidance of ~($0.80)-($0.60) for the period, compared to the consensus earnings per share estimate of ($0.30). The company issued revenue guidance of ~flat yr/yr to ~$12.57 billion, compared to the consensus revenue estimate of $13.02 billion.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Raymond James reiterated an “outperform” rating and set a $23.00 price objective (down from $24.00) on shares of American Airlines Group in a research note on Friday, January 24th. Seaport Res Ptn upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. Sanford C. Bernstein upgraded shares of American Airlines Group from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $14.00 to $24.00 in a research note on Tuesday, December 10th. Melius Research upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $15.00 price objective on shares of American Airlines Group in a research note on Friday, November 15th. Six analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.32.

American Airlines Group Stock Down 4.6 %

Shares of NASDAQ:AAL opened at $10.93 on Thursday. The company has a market cap of $7.19 billion, a PE ratio of 9.59, a P/E/G ratio of 0.21 and a beta of 1.27. The company’s 50-day moving average price is $16.20 and its 200 day moving average price is $14.42. American Airlines Group has a fifty-two week low of $9.07 and a fifty-two week high of $19.10.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.47. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. As a group, equities analysts anticipate that American Airlines Group will post 2.42 EPS for the current year.

Insider Buying and Selling at American Airlines Group

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $17.21, for a total value of $1,763,009.61. Following the transaction, the chief executive officer now owns 2,967,984 shares of the company’s stock, valued at $51,079,004.64. The trade was a 3.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $17.15, for a total transaction of $890,187.90. Following the completion of the transaction, the senior vice president now directly owns 112,412 shares in the company, valued at approximately $1,927,865.80. This trade represents a 31.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

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.