American Airlines Group (NASDAQ:AAL) Updates 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 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.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. TD Cowen raised shares of American Airlines Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from $17.00 to $25.00 in a report on Monday, January 6th. Redburn Atlantic raised American Airlines Group from a “neutral” rating to a “buy” rating and increased their price target for the company from $18.00 to $24.00 in a report on Wednesday, February 26th. Morgan Stanley lifted their price objective on American Airlines Group from $18.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Jefferies Financial Group raised American Airlines Group from a “hold” rating to a “buy” rating and increased their target price for the company from $12.00 to $20.00 in a report on Monday, January 6th. Finally, Sanford C. Bernstein raised American Airlines Group from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $14.00 to $24.00 in a research report on Tuesday, December 10th. Six analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $19.62.

American Airlines Group Stock Down 8.3 %

Shares of American Airlines Group stock opened at $11.46 on Wednesday. American Airlines Group has a 52 week low of $9.07 and a 52 week high of $19.10. The stock’s 50-day simple moving average is $16.33 and its 200-day simple moving average is $14.44. The company has a market capitalization of $7.54 billion, a price-to-earnings ratio of 10.05, a PEG ratio of 0.21 and a beta of 1.27.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, topping analysts’ consensus estimates 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%. On average, equities analysts expect that American Airlines Group will post 2.42 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Angela Owens sold 51,906 shares of the business’s 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the 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 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 disclosure for this sale can be found here. 0.49% of the stock is owned by company 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.