American Airlines lowers Q1 unit revenue forecast

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American Airlines lowers Q1 unit revenue forecast
Author

11 March, 2017

Pacer Advisors Inc. cut its position in American Airlines Group, Inc. For the Q4 this year, the consensus current earnings per share trend estimates were for $0.51 while for one month ago was $0.52.

01/04/2017 - American Airlines Group, Inc. was downgraded to "market perform" by analysts at Cowen. The stock stands almost -11.26% off versus the 52-week high and 81.84% away from the 52-week low. TD Asset Management Inc. increased its position in American Airlines Group by 7.0% in the third quarter. The number of shares now owned by investors are 514.57 mln. Total capacity for the month was 13.6 billion available seat miles or ASMs, down 3.7 percent compared to the prior-year period.

11/22/2016 - American Airlines Group, Inc. had its "neutral" rating reiterated by analysts at UBS. BNP Paribas Arbitrage SA now owns 331,189 shares of the airline's stock valued at $12,125,000 after buying an additional 106,941 shares during the last quarter. Company price to earnings (P/E) ratio, which measures the relationship between the earnings of a company and its stock price, is calculated as 9.40.

United States of America based company, American Airlines Group Inc. American Airlines Group Inc has a 12 month low of $24.85 and a 12 month high of $50.64. It has a dividend yield of 0.92%. Company's distance from 20 day simple moving average is -3.06% and distance from 50-Day simple moving average is -3.70%. Current year EPS projections for American Airlines Group Inc (NASDAQ:AAL) set at $4.62 according to the sentiments of 17 analysts, while its lowest earnings estimates are $4.05 and highest earnings estimates are $5.09. Together with its regional airline subsidiaries and third-party regional carriers operating as American Eagle, its airline operated an average of almost 6,700 flights per day to almost 350 destinations in more than 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix and Washington, District of Columbia, as of December 31, 2016. The business had revenue of $9.79 billion for the quarter, compared to the consensus estimate of $9.74 billion. However, the company continued to see pre-tax margin of 3 - 5 percent in the first quarter. The ex-dividend date was Thursday, February 9th. American Airlines Group's dividend payout ratio (DPR) is presently 8.37%.

Analysts give HIG a mean recommendation of 2.70.

12/15/2016 - Barclays began new coverage on American Airlines Group, Inc. giving the company a "equal-weight" rating. Citigroup Inc reaffirmed a buy rating on shares of American Airlines Group in a report on Tuesday, December 6th.

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07/25/2016 - American Airlines Group, Inc. had its "buy" rating reiterated by analysts at Buckingham Research.

04/11/2016 - American Airlines Group, Inc. had its "overweight" rating reiterated by analysts at JP Morgan. They now have a United States dollars 51 price target on the stock. The count of Hold ratings in that period was 1.

In related news, President Robert D. Isom, Jr. sold 13,515 shares of American Airlines Group stock in a transaction dated Wednesday, November 30th. The Long Term Debt/Equity is valued 5.94 with the Total Debt/Equity of 6.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. TD Asset Management Inc. now owns 877,073 shares of the airline's stock worth $32,110,000 after buying an additional 57,382 shares during the last quarter. The stock was sold at an average price of $48.12, for a total transaction of $5,471,532.72. The disclosure for this sale can be found here. The airline reported $0.92 EPS for the quarter, meeting the Thomson Reuters' consensus estimate of $0.92. The insider owns 1,541,370 shares as of 0.31%, now worth $69192099.3.

American Airlines Group Inc (AAG) is a holding company whose primary business activity is the operation of a network air carrier through its subsidiaries, American Airlines, Inc (American) and its regional subsidiaries, Envoy Aviation Group Inc (Envoy), Piedmont Airlines, Inc (Piedmont) and PSA Airlines, Inc (PSA).

Several large investors have recently modified their holdings of AAL.


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