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

American Airlines Group (NASDAQ:AAL) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of ~($0.80)-($0.60) for the period, compared to the consensus 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.

American Airlines Group Stock Down 4.1 %

Shares of NASDAQ AAL opened at $12.50 on Tuesday. American Airlines Group has a 52-week low of $9.07 and a 52-week high of $19.10. The company’s 50-day simple moving average is $16.45 and its 200-day simple moving average is $14.44. The firm has a market cap of $8.22 billion, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 0.21 and a beta of 1.27.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Sanford C. Bernstein upgraded American Airlines Group from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $14.00 to $24.00 in a report on Tuesday, December 10th. TD Cowen raised shares of American Airlines Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $17.00 to $25.00 in a research note on Monday, January 6th. Seaport Res Ptn upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. Evercore ISI increased their price objective on shares of American Airlines Group to $18.00 and gave the company a “hold” rating in a report on Thursday, January 9th. Finally, JPMorgan Chase & Co. lowered their target price on American Airlines Group from $30.00 to $26.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Six investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $19.62.

Insider Activity

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

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.